CAPSOURCE MANAGEMENT
Directors and
Executive Officers
We have listed below
the names, ages and positions of our directors and executive officers.
We do not maintain key person life insurance on any or our key personnel:
Randolph M. Pentel
Chairman of the Board, Director - CapSource Financial, Inc.; Director
- Rentas y Remolques, S.A. de C. V.; Director - Remolques y Sistemas
Aliados de Transportes, S.A. de C. V.
Mr. Pentel is also
the Managing Member and principal owner of RTL Group, LLC. In addition,
since 1987, he has been the Executive Vice President and principal owner
of Notification Systems, Inc., the largest provider of large-dollar
check return notifications in the U.S. The electronic network, developed
by Mr. Pentel, known as EARNS, supplies banks with advanced data notification
of checks in the process of failing to clear, thereby allowing financial
institutions nationwide the ability to reduce operating losses. Since
1987, Notification Systems, Inc. has grown steadily from 4,500 notifications
per day, to over 25,000 today. All of the top financial institutions
in the country use Notification System's services. Mr. Pentel is also
involved in various international charitable organizations.
Mr. Pentel is also
the owner and Managing Member of RTL Group, LLC, founded in 1998, which
manufactures aircraft parts and components for companies such as Airbus
Industries and Raytheon Corporation. RTL Group provides services such
as machining, casting, plating & coatings, painting, as well as
assembly of subcomponents.
Fred C. Boethling President, Chief Executive Officer and Director
- CapSource Financial, Inc.; Director - Rentas y Remolques de Mexico,
S.A. de C. V; Director - Remolques y Sistemas Aliados de Transportes,
S.A. de C. V.
Mr. Boethling began
his employment with CapSource in 1998. He is responsible for the overall
direction and management of CapSource and its subsidiaries. From 1994
to 1998, he was Co-Managing Partner of Capstone Partners, a firm specializing
in planning and finance. From 1989 to 1993, Mr. Boethling was President,
CEO and Chairman of the Board of Directors of KLH Engineering Group,
Inc, a NASDAQ-listed engineering services holding company. During this
period, Mr. Boethling developed the in-house acquisition management
systems and procedures, developed and managed the deal flow, evaluated
over 400 acquisition candidates and completed seventeen acquisitions
and took the firm public. From 1983 to 1988, Mr. Boethling was Chairman
of Sandstone Capital Corporation, a private management consulting and
investment firm specializing in start-ups. From 1979 to 1982, he was
a co-founder, President and Director of Hart Exploration & Production
Co., a NASDAQ-listed independent oil and gas firm. Prior to that, for
a period of eleven years, Mr. Boethling was employed by Cities Service
Oil Company, a Tulsa, Oklahoma-based, NYSE-listed major oil company,
first as an Engineer in Midland, Texas and then as Exploration Manager
for Canada-Cities Service, Ltd., the Canadian subsidiary of Cities Service.
Mr. Boethling graduated from the University of Minnesota with a Bachelor's
degree in engineering in 1968.
Steven E. Reichert Vice President, General Counsel, Secretary
and Director - CapSource Financial, Inc.; Director - Rentas y Remolques
de Mexico, S.A. de C. V.; Director - Remolques y Sistemas Aliados de
Transportes, S.A. de C. V.
Mr. Reichert began
his employment with CapSource in 1998. He serves as general counsel
for CapSource and is responsible for the negotiation of various agreements
and general legal matters and is involved in developing and implementing
overall financial strategy for CapSource. From 1994 to 1998, he was
Co-Managing Partner of Capstone Partners. From 1991 to 1994, Mr. Reichert
was associated with the international law firm of Popham, Haik, Schnobrich
& Kaufman, Ltd. where he practiced in the area of securities and
complex commercial litigation. Prior to that, Mr. Reichert was a founder
and Senior Vice President and Director responsible for strategic planning,
acquisitions and capital development for Sequel Corporation, a NASDAQ-listed,
telecommunications company. From 1979 to 1982, Mr. Reichert was a co-founder,
Senior Vice President and Director of Hart Exploration & Production
Co., a NASDAQ-listed independent oil and gas firm. From 1966 to 1979,
Mr. Reichert was Vice President in charge of the Underwriting Department
at Dain Bosworth, Inc., a regional investment banking firm. He is a
past member of the Board of Arbitrators for the National Association
of Securities Dealers. Mr. Reichert received his Juris Doctor degree
(Cum Laude) from Hamline University School of Law in 1991 and his undergraduate
degree in economics from the University of Minnesota in 1988.
John Ramos Chief Financial Officer - CapSource Financial Inc.; Mr. Ramos Has more than 15 years of domestic and international financial experience in the areas of accounting systems, budgeting and forecasting, mergers and acquisitions, due dilligence and Sarbanes-Oxley compliance.
Prior to joining CapSource Mr. Ramos served as a management consultant with Centennial Business Solutions, LLC, a Denver-based consulting firm. While at Centennial, among other activities, Mr. Ramos provided consulting services to Anatolia Minerals Development, Ltd and Comcast Digital Voice Division.
Mr. Ramos spent six years at Media One International (formerly US West International) in various financial management positions. In his final assignment Mr. Ramos was posted in Jakarta as Director of Finance for a joint venture between Media One International and PT Telkom Indonesia.
Mr. Ramos also served as an advisor to Qwest Communications regarding their expansion into Asia. Later, Mr. Ramos served as Chief Financial Officer for a Hong Kong-based media entertainment business where he supervised financial professionals in Hong Kong, Taiwan, Shanghai and Malaysia.
Lynch Grattan Director - CapSource Financial, Inc.; Director
General and Director - Rentas y Remolques de Mexico, S.A. de C. V.;
Director General and Director - Remolques y Sistemas Aliados de Transportes,
S.A. de C. V.
Mr. Grattan is responsible
for the overall management of REMEX and RESALTA. He has substantial
experience with Mexican development banks and other financial institutions.
In addition, he has been involved with various privatization efforts
in Mexico. While he was born in the U.S., Mr. Grattan has spent much
of his life in Mexico. He has been a resident of Mexico City for the
past 22 years. He brings to us a thorough understanding of the Mexican
business culture, a broad base of contacts among Mexican and multi-national
business leaders domiciled in Mexico and a familiarity with Mexican
government departments and agencies. Prior to joining REMEX, from 1995
to 1997, Mr. Grattan was a Partner with Palmer Associates, S.C., a risk
management and consulting firm based in Mexico City. Beginning in 1992,
Mr. Grattan provided agribusiness consulting services to a wide range
of clients. Also, in 1992, Mr. Grattan organized the agribusiness division
of FINBEST, S.C., a small Mexican merchant banking firm. While he is
no longer active in the firm, he remains a Partner. While he is employed
full time at REMEX and RESALTA, he is widely respected in the agribusiness
sector and is called upon from time to time for public speaking engagements.
REMEX encourages this practice as it helps build relationships which
are essential to doing business in Mexico. From 1987 to 1992, he represented
ConAgra International, Inc. in Mexico. He opened and served as Director
of the Con-Agra Offices in Mexico City, where his primary responsibility
was the formation of export/import joint ventures. From 1982 to 1987,
Mr. Grattan was Marketing and Sales Manager for the Protein Technologies
division of Ralston Purina Company. He organized, staffed, trained and
directed the national sales force for Isolated Soy Protein Products
in Mexico. From 1975 to 1981, Mr. Grattan was employed by Purina S.A.
de C.V., the Mexican subsidiary of Ralston Purina Company, first as
District Manager and later as National Products Manager. Mr. Grattan
is a member of numerous Mexican civic and business organizations. He
is active in the American Chamber of Commerce in Mexico City, the largest
Chamber of Commerce outside the U.S. He has won several awards from
the Chamber and is currently Vice President and Treasurer of the Chamber.
He holds a Bachelors Degree in Agriculture from Texas Tech University.
