Margaret E. Grayson

MARGARET E. GRAYSON was elected President and CEO of V-ONE
Corporation in November 2000. Ms. Grayson had been Senior Vice
President and CFO of V-ONE since July 1999, and was elected to
the Board of Directors in August 1999. Prior to joining V-ONE
Corporation, Ms. Grayson served as Vice President of Finance and
Administration and CFO for SPACEHAB, Inc., where she was head of
the financing activities, including private placements of equity,
the initial public offering, and debt placements, aggregating
$150 million in new capital. Immediately prior to joining SPAB,
Ms. Grayson served as Chief Financial Officer for CD Radio, Inc.,
in Washington DC, an early entrant in the satellite radio mobile
communications market. In addition to establishing its financial
controls and successfully completing its initial public offering,
Ms. Grayson negotiated for CD Radios’ spectrum allocation,
competitor coordination, and government rule-making. Previously,
Ms. Grayson served as a Senior Executive and Consultant to high
technology start-up companies. She was principal financial
advisor for raising private and public financing, investor
relations, structuring and negotiating joint ventures, and
completing five successful acquisitions, both domestic and
international. Ms. Grayson is on the Board of Ronbotics
Corporation and the Advisory Board of Celsion Corporation. She
holds an MBA from the University of South Florida and a BS in
Accounting from the State University of New York at Buffalo.