Stephen Levenson

STEPHEN LEVENSON joined Advest as a Director in the equity research
department in May 2003. He covers small capitalization stocks, primarily
in the areas of aerospace, defense and homeland security. Prior to
joining Advest, he was a Senior Vice President at Gerard Klauer Mattison
for three years. In 2002, he received an honorable mention in the
Institutional Investor All-American Research poll for coverage of
aerospace and defense companies. Before joining Gerard Klauer Mattison,
he spent 20 years on the buy side, including involvement in leveraged
buyouts and investments in distressed securities. He received his BS in
Finance from the University of Vermont with additional concentration in
Mechanical Engineering.