Stephen J. Fryer

STEPHEN J. FRYER is President and CEO of Pen Interconnect, Inc., an
Irvine-based public company. The company specializes in power supply and
battery charger design and electronic circuit board assembly (contract
manufacturing). Mr. Fryer became President in August 1998 at the request
of the shareholders and the Board of Directors. He became CEO in
February 1999 and Chairman of the Board of Directors in November 1999.
Previously, he was a principal in Ventana International, Ltd., an
Irvine-based venture capital and private investment banking firm from
1989 through 1996. He is a graduate of the University of Southern
California with a Bachelor’s degree in Mechanical Engineering and a
minor in Economics. He has spent over 28 years in the computer business
in the US as well as Asia and Europe. He was the Founder and former
Chairman and CEO of World Comnet, Inc., Founder and CEO of ACRO
Corporation, Chairman of Tedco, Inc./Newport Power Group and a Director
of Dimensional Circuits, Capital Technology Group and Pen Interconnect,
Inc., a public company. Prior to 1980, Mr. Fryer held sales and
management positions with several technology-related companies. These
companies included General Electric Company, General Automation, Inc.,
Ormond, Inc., and Beehive International. In 1980 he founded and was CEO
of ACRO Corporation, US, and ACRO S/A Europe, which designed,
manufactured, and marketed throughout the world a DEC compatible video
terminal. This was done in partnership with C. Itoh Electronics, a
division of C. Itoh and Co., a major Japanese trading company. In 1983,
after surpassing $23 million in sales, ACRO was acquired by C. Itoh and
Mr. Fryer became Vice President of Marketing of that company. He held
this position until 1984, when he became Vice President of C. Itoh’s IBM
compatible peripherals division, where he was General Manager for
worldwide operations.