Gary L. Schroeder, ASAGARY L. SCHROEDER, ASA

PRESENT POSITION: Mr. Gary L. Schroeder is a Vice President and the Managing Director of the St. Louis area office of Klaris, Thomson & Schroeder, Inc.

PROFESSIONAL AFFILIATIONS: Mr. Schroeder is an Accredited Senior Appraiser (ASA) in the valuation of businesses and intangible assets by the American Society of Appraisers. He is a past president of the St. Louis Chapter of the American Society of Appraisers. Mr. Schroeder is also a member of the Business Valuation Committee of the American Society of Appraisers.

EXPERIENCE: Actively engaged in the appraisal and consulting profession since 1981, his experience covers a wide range of business and healthcare valuations for acquisitions, allocation of purchase price, estate and gift taxes, liquidations, ESOPs, and solvency and fairness opinions. He has also valued patents, trademarks, trade names, customer lists, employment and consulting agreements, proprietary product technologies, assembled work forces, computer software, distribution networks, covenants not to compete, and other intangible assets. Other consulting assignments have covered a wide range of technology and marketing intangible asset transfers and product line pricing studies.

EMPLOYMENT: Before joining Klaris, Thomson & Schroeder, Inc., Mr. Schroeder was a senior consultant and financial discipline leader for another national multi-discipline appraisal firm. His primary responsibility was the project management of financial consulting assignments. These assignments included the valuation of enterprise equity and invested capital, the valuation of intangible assets, the determination of arm's length royalty rates for technology and marketing intangible asset transfers or licenses, and the determination of arm's length product line pricing.

TEACHING: In addition to his responsibilities at Klaris, Thomson & Schroeder, Inc., Mr. Schroeder is an instructor at Lindenwood College in St. Charles, Missouri where he teaches valuation, investment analysis, financial analysis, and economics. He is also a business valuation instructor for the International Valuation Sciences Institute and an instructor of National Business Valuation courses for the American Society of Appraisers. Mr. Schroeder also taught finance part-time at McHenry County College in Crystal Lake, Illinois, for 2 years. MILITARY Mr. Schroeder served 3 years in the United States Marine Corps. During his tour of duty, he managed various retail stores and warehouses at the Marine Corp Recruit Depot in San Diego, California and at Camp Pendleton in California. His responsibilities included all aspects of operating small businesses.

EDUCATION: Mr. Schroeder attended Illinois State University and received a B.S. degree (summa cum laude) in business administration as well as an M.B.A. degree in finance.