MB TECHNOLOGY HOLDINGS, LLC
SARASOTA, FLORIDA

MB Technology Holdings, LLC (MBTH) is a technology holding and service company established in 2010. Its mission is to pursue suitable acquisitions for its portfolio by identifying companies requiring assistance in their next phases of growth, both organically and via add-on acquisitions. MBTH strives to add immediate and measurable value to such firms by using proven methods that include everything from cash flow optimization techniques, realignment of cost structures, development of capital and liquidity strategies, and transitioning from a private to a public entity. PHILOSOPHY At MBTH, our philosophy is to first identify firms that are already generating sales and positive cash flow, though we will make exceptions in selected special situations. We seek companies that are already demonstrating a propensity from strong management, with the goal of minimizing our direct involvement in the daily management of the companies. We may take on director roles, though that is not typically emphasized and, and in general would only be for a short or transition period. Our overarching goal (and preferred engagement) is to maintain the independence of the companies while taking on a shareholder role. Long-term, we would seek to take the best qualified portfolio companies public, and would provide significant incentives to management to prepare them for that transition. One of the key ways in which the MBTH approach differs from that of private equity and traditional investment companies is our focus on building our holding company though our portfolio companies for the Once companies go public, it is inevitable that some will run into occasional issues and obstacles. If we believe the long-term opportunity and viability remains intact and the short-term problems are fixable, we will in fact offer to increase our stake as a show of ongoing belief in, and support of, the viability of the business as an investment opportunity. There will be instances where some qualified management from portfolio companies will become available or may choose to replicate the process with another portfolio company. We plan to develop a “bench” of these managers and/or partners in the future that can deployed on an “as-needed” basis. Rick is a generalist in a world of specialists. Rick possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, business startups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and most importantly risk management. Rick has both international and US-based experience. Rare and uniquely beneficial to an early stage company, he brings this multinational experience, as well as his key international relationships, to MBTH. Rick has been involved in leading the various stages of business, from start-up, to private placements, to commercialization, to IPO, to exit. In 1985, Rick graduated summa cum laude from the University of Maine, United States, with a Bachelor of Science degree in business administration. He trained as a certified public accountant. In late 1991, Rick joined Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture, and environmental industries, initially as director of corporate finance. He became CEO where he gained a wide range of both international and US experience, including being involved with a number of businesses in various stages of development, including startups, commercializations and public offerings. George Schmitt has over 45 years of broad telecom experience in wireless and wireline companies. He currently serves as CEO and Executive Chairman of the Board for xG Technology, Inc. He also serves on the Boards of Calient, Kentrox and Teleworx. Mr. Schmitt is an SBIC Director at TeleSoft Partners, a Silicon Valley based venture capital firm, and is Trustee of St. Mary’s College of California in Moraga, California. Mr. Schmitt’s experience includes e.spire Communications, Omnipoint Communications, LHS Group, Objective Systems Integrators, PCS PrimeCo, AirTouch Communications, Mannesmann Mobilfunk (Germany), Pacific Telesis, Pacific Telephone, and AT&T. Most recently, Mr. Schmitt was Chairman and Chief Executive Officer of e.spire Communications, a provider of voice, data and Internet services to markets throughout the U.S. Previously, Mr. Schmitt was President and Director at Omnipoint Communication Services (NASDAQ: OMPT) until VoiceStream’s acquisition of Omnipoint Corporation in 2000. Mr. Schmitt was also a Director of two telecom software companies: LHS Group (NASDAQ: LHSG), where he was a Director and member of the Audit Committee prior to its acquisition by Sema in 2000, and Objective Systems Integrators (NASDAQ: OSII), where he was also a Director and Chairman of the Audit Committee and member of the Compensation Committee, which was acquired by Agilent Technologies in 2000. Prior to joining Omnipoint, Mr. Schmitt was President and Chief Executive Officer of PCS PrimeCo (now part of Verizon Wireless), a national PCS partnership formed by AirTouch, Bell Atlantic, NYNEX and U.S. West. Mr. Schmitt came to PrimeCo from AirTouch where he was Executive Vice President of International Operations responsible for AirTouch’s operations in its ventures in Germany, France, Sweden, Belgium, Italy, Portugal, Japan, Korea and Thailand. Prior to PCS PrimeCo, Mr. Schmitt was a member of the board of management of Mannesmann Mobilfunk in Germany, and also headed the company’s technical department. Mr. Schmitt’s department’s responsibilities included the complete development and operation of the D2 network, the first commercial GSM network in the world. In 2013, Mr. Schmitt was inducted into the Wireless Hall of Fame by the Wireless History Foundation, an organization formed to preserve and promote the history of the wireless industry. The Wireless Hall of Fame Program provides public recognition of outstanding individuals across all segments of the wireless industry. Induction into the Wireless Hall of Fame is one of the industry’s highest honors, acknowledging the leadership, innovation and achievement of each honoree.