Gabrielle Kivitz

GABRIELLE KIVITZ joined Deutsche Bank in May 2004, and is a Senior
Analyst covering the specialty retail and apparel sector. Prior to
Deutsche Bank, Ms. Kivitz was a founding member of the consumer group at
First Albany Capital, where she was a Senior Analyst covering the
apparel specialty retail sector with specific emphasis on the teen/youth
market. Prior to that, she held positions at Robertson Stephens, more
recently as a member of the specialty retail equity research team, and
initially in the investment banking division. She also held various
positions at Levi Strauss & Company and Gap, Inc. She holds a BA in
Economics from the University of California, Berkeley.
Elizabeth O. Pierce, CFA, is a Senior Vice President at Sanders Morris
Harris, specializing in retail, with an emphasis on specialty apparel.
Ms. Pierce joined Sanders Morris Harris in February 2003 as lead retail
analyst. She previously worked for Wedbush Morgan Securities as the
Managing Director for the consumer products team. Prior to Wedbush
Morgan, Ms. Pierce worked at The Seidler Companies, Stephens Inc. and
Salomon Brothers/Smith Barney. In addition, she was a Buyside Analyst at
First Chicago. Ms. Pierce holds an MBA from Northwestern University as
well as a BA from Tulane University.

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March 14, 2005