OLD FORT CONSULTANTS LIMITED

Old Fort Consultants Limited provides investment banking and financial advisory services outside the United States to corporations, financial institutions, and private investors. These services include strategic consulting, merger and acquisition advisory services, and debt and equity capital raising. Old Fort Consultants is based in Nassau, Bahamas. Stuart W. Ray, the founder and Managing Director of Old Fort Consultants, was formerly a Managing Director and Partner of Bankers Trust Company, New York, and a partner of Wolfensohn & Co. Mr. Ray is a registered broker with the NASD in the US.