Stewart Kalter

STEWART KALTER is Director of Corporate Finance and Research at Andrew
Alexander Wise & Company, Inc., a full-service broker/dealer, offering
corporate finance, trading and institutional equity research
capabilities. He has been with the firm since June 2001. Prior to that
he was Director of Research at Global Capital Markets, having served in
that capacity since 1999. Mr. Kalter was a Research Analyst with Spencer
Clarke during 1998 and 1999. From 1995 until 1997 he served as a
Research Associate with Bishop Allen. Mr. Kalter has a BS in Accounting
from Widener University and an MBA in Banking and Finance from Hofstra