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Admiralty's Investment Advisory Board

PHILIP J. BARR
PHILIP A. BLAIN
DALE BRADLEY
GRANT BRADLEY
JAN CAMPBELL
Dr. WEI GAO
DAVID GRAY
RICHARD HELFRICH
CORLEY PHILLIPS
WILLIAM M. RAIKE
TOM TAYLOR
MARK S. VAN HORNE

PHILIP J. BARR, B.Sc. (Hons.), Ph.D., is currently the President, Chief Operating Officer and Director of AlphaOne Pharmaceuticals, an Alameda, California-based biotechnology company. He will serve on the Biotech Committee. Dr. Barr is also an Adjunct Professor of Pharmaceutical Chemistry at the University of California, San Francisco. His current interests are in the use of pulmonary administered biopharmaceuticals for the treatment of emphysema, asthma and cystic fibrosis. Dr. Barr is the former Director of Molecular Biology of Chiron Corporation, one of the three largest biotechnology companies worldwide. He has published over 180 peer-reviewed articles in the scientific literature, and is a named inventor on 27 issued U.S. patents. Dr. Barr has significant expertise in the production of biopharmaceutical products for the treatment and diagnosis of human disease. Furthermore, Dr. Barr has been involved in commercial biotechnology since its inception in the early 1980s. He has a unique overview position on current platform technologies within the biotechnology field, and will be highly proficient in evaluating emerging technologies in the biomedical area. Dr. Barr is a citizen of the U.K., and has permanent residence status in the US.

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PHILIP A. BLAIN, BA, MA, is Telecommunications Specialist, and will serve as Chairman of the Telecom Committee of the Investment Advisory Board. Mr. Blain has had over 25 years experience in international telecommunications and electronics services. Mr. Blain's mobile expertise is expected to be particularly helpful in markets that are rapidly emerging from being regulated to de-regulation. He has held senior positions with Standard Telephones and Cables (an ITT company); Cray Electronics plc, British Telecom plc and Telecom New Zealand. He has extensive management experience in the management of new ventures, business development and business turnarounds, mainly in the field of communications and electronics value added services. He was founding Managing Director and Chief Executive Officer of Telecom Networks and International Ltd., a subsidiary of Telecom NZ. He was also a founding Director of Telecom Cellular Limited, having prescribed the fast growth commercial structure for the national network and service providers. He formulated (with a leading merchant bank) detailed investment plans for Pacificom Networks Limited, a prospective new venture for a third long distance carrier in New Zealand. He has directed business development, new ventures and change management activities for a number of large corporates in New Zealand and overseas. Clients have included Callnet (Canada), Datacom Group Limited, New Zealand Post Limited, EDS/Databank Systems Limited, ANZ Banking Group (NZ), Bank of New Zealand, National Bank of New Zealand, Westpac Banking Corporation, Fiji Post and Telecommunications Limited/Government of Fiji, GTE/GTE Hawaiian Telecom, New Zealand Fire Service Commission, Radiolink (New Zealand) Limited, Pacific Electric Wire & Cable Co. Limited (Taiwan), Stanilite Electronics (NZ) Limited, Scollay Holdings Limited, and the Millennium Adventure Company Limited of New Zealand. Mr. Blaine holds a Bachelor of Arts (BA) degree from the University of Manitoba and a Master of Arts (MA) degree in Marketing, Lancaster University School of Management and Organizational Sciences (UK). He has held UK professional memberships in the Institute of Directors, the Institute of Marketing and the Institute of Public Relations. Mr. Blain is a citizen of Canada and New Zealand. Email contact: blain@admiralty.org

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DALE BRADLEY will serve on the Media Committee. As New Zealand's most active film director. He has been a feature filmmaker for over 18 years, and has completed three films in the last year, all of which are in the international market. Of these, he wrote two of the scripts as well. Hi is co-founder of Daybreak Pictures of New Zealand, and has been a national finalist for his films. Mr. Bradley is an expert at reviewing scripts and making commercial judgements of their quality, cost and likely financial success.

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GRANT BRADLEY will serve as Chairman of the Media Committee of the Investment Advisory Board. Mr. Bradley is Chief Executive Officer and Executive Producer of Inter-Pacific Film Corporation of Hollywood, California and of Daybreak Pictures of New Zealand. Mr. Bradley has been a feature filmmaker for over 18 years and is currently one of New Zealand's most successful feature filmmaker. He currently has three films represented at all the international markets, including the Cannes Film Market in France, MIFED in Milan, and the American Film Market in Santa Monica, California.
In addition to films, Mr. Bradley has had successes in the areas of music and stage production. He produced the record and music video "Lovin' Feelings" in 1986 featuring David Hasselhoff. The recording achieved platinum status in Germany and Austria. Additionally, he organized the financing of the stage production of "Joseph and The Technicolor Dream Coat" (Known in Germany as "Joseph and His Brothers" in Hong Kong, Singapore, Australia and New Zealand, under license from Andrew Lloyd Weber, together with Admiralty Investment Group. His film and television credits include:
· · Raiders Down Under: 1984 (One hour special)
· · Sir Edmund Hillary's Adventurers: 1985 (13 half hours)
· · Hotshotz: 1988 (tele-feature and half hour family drama series)
· · Chill Factor: 1989 (feature film)
· · Kia Ora Bonjour - Howard Morrison Inside France: 1990 (2 hour television special)
· · Nikki, A Young Champion: 1990 (TV documentary)
· · Chunuk Bair: 1992 (feature film starring Robert Powell)
· · Repeat Performance: 1996 (35mm, 60 min TV drama)
· · Lost Valley: 1997 (feature film starring Meg Foster and Andrea Thompson)
· · Wild Blue: 1998 (feature film starring Judge Reinhold)
· · Kids World: 1999 (Feature film currently shooting starring Christopher Lloyd ("Back to the Future", "My Favorite Martian", etc.) and Blake Foster ("Power Rangers")

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JAN CAMPBELL, BA, MA (Engineering), PhD (Philosophy), is an international financial analyst and consultant, for many of the world's leading commercial banks. He will serve on the Energy Committee of the Investment Advisory Board. As an engineer and financial expert, Dr. Campbell has worked with power generation, hydro-electric, recycling, construction, heavy and light industry, and software development projects in many countries, including Armenia, Czech Republic, Germany, Indonesia, Italy, Kyrgyz Republic, Malaysia, Poland, Russia, Singapore, Slovakia, Switzerland, Taiwan, the United Kingdom, Vietnam, as well as many other consulting projects around the world. Dr. Campbell also holds a Diploma in Islamic Banking and a Certificate in Neuro-Linguistic Programming. He is fluent in German, Czech, Russian, English, Italian, and French languages, and speaks Kyrgyz at a basic level. He is a publicly appointed translator by the City of Karlsruhe, and a former member of the UK and German Delegations (Commercial Section), in Bonn. Dr. Campbell is a German citizen.

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Dr. WEI GAO, B.E., M.E., Ph.D., is on the High Tech Committee. Professor Gao is Associate Professor in the Department of Chemical and Materials Engineering the University of Auckland, New Zealand. He is also Co-ordinator of Materials Research Cluster, there. Dr. Gao received his BE and ME in Metallic Materials from North-eastern University and Beijing Central Research Institute China, and a Ph. D. in Materials Science and Engineering from Oxford University, UK. He also spent five years as a Researcher, Principal Investigator and Technical Director of the Rapid Solidification Laboratory of the Massachusetts Institute of Technology (MIT), USA. At the University of Auckland, he teaches at both undergraduate and postgraduate levels, and actively conducts materials research in the areas of nano-materials and nano-technology, advanced coating and surface technologies, high temperature corrosion & oxidation, superconductors, electronic ceramics, photo-luminescence materials, intermetallics, rapid solidification, amorphous alloys, electron microscopy and microanalysis, and computer modelling and applications in materials processing and performance. He has published more than 250 research papers, a textbook, several chapters in books and an encyclopaedia. He holds 5 US/international patents and 3 MIT Disclosures. He is currently on the editorial board of a number of journals, has been invited to give numerous keynote and invited lectures, and is the member of many professional associations including IPENZ, ACA, MRS, AMS, TMS. He is Honorary Professor for several overseas Universities.

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DAVID GRAY, BSc (Biochemistry, with Honours), MSc (Biochemical Engineering) has 20 years experience in Pharmaceutical and Biotechnology industry. He will serve on the Biotech Committee of our Investment Advisory Board. As a specialist in biotech research, equipment design and manufacturing, he has worked with some of the most advanced companies in the UK, the US and Switzerland. He has numerous patents and publications to his credit. Mr. Gray is a citizen of the UK and the US.

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RICHARD HELFRICH will serve on the High Tech Committee of the Investment Advisory Board. Mr. Helfrich is Founder, President and CEO of InterSemi Corporation, a Silicon Valley California based company that develops and markets semiconductors and related software. In addition, he is also Founder and CEO of InterFoundry, a company in the business of manufacturing semiconductors under contract for other companies. Mr. Helfrich was a co-founder of Vitesse (a NASDAQ company with ticker: VTSS) now valued at over $4 billion. He was Vice President of Sales and Marketing of California Micro Devices (another NASDAQ company) which manufactures and sells semiconductors. He was Manager of Market Development at Advanced Micro Devices (a $2.5 billion New York Stock Exchange listed company) and Manager of Microelectronics at Northrop Corporation, California. Mr. Helfrich has also served in management roles at Monolithic Memories Inc. and Hughes Aircraft, as well as being President and CEO of Multinational Electronics Corp. a business and marketing services organization serving the semiconductor and computer industry. Mr. Helfrich has published many papers on business, marketing and technical subjects and has several patents. He has taught business and marketing classes at University of California Extension, and has an MSEE from CSULA and a BA in Physics from Occidental College. Mr. Helfrich is a US Citizen.

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CORLEY PHILLIPS serves on the High Tech Committee. He is an investor in, and advisor to, early stage high technology companies. From 1990 until its merger with State of the Art (NASDAQ: SOTA) at the end of 1994, he served as President and CEO of Manzanita Software Systems, an accounting software company based in Roseville, CA. From 1984 to 1990, he was President and co-founder of Grafpoint, a communications software company based in San Jose, California which was subsequently merged with White Pine Software (NASDAQ: WPNE). He previously held various sales and marketing positions with Envision Technology and Hewlett-Packard.
Mr. Phillips currently serves on the boards of CAM Data Systems (NASDAQ: CADA), a Retail Automation software company based in Fountain Valley, CampusEngine.com, a web portal company in Folsom, Real Time Innovations, a software development tools company based in Sunnyvale, and Knowledgepoint, a Human Resource software company based in Petaluma. He also serves on the Advisory Board of Storactive, a backup software company based in Marina del Rey.
Corley is also an active member of the Sierra Angels, which provide early stage financing to companies in the Northern Nevada and Northern California area. Based in Incline Village, NV, this group of angel investors provides a forum for entrepreneurs and investors to come together, with a focus on early-stage financing. The objective of the Sierra Angels is to facilitate high quality business development for the community and high quality investment alternatives for angels.
Mr. Phillips holds a BSEE and MSEE from Washington University, St. Louis, and an MBA from Santa Clara University. He is a US Citizen.

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WILLIAM M. RAIKE, BA, MS Ph.D. (Northwestern University) will serve on the High Tech and Telecom Committees. DrRAIKE has served as Professor at two leading universities in the US (the University of Texas at Austin and the US Naval Postgraduate School in Monterey California). He is the author of numerous technical articles in the areas of linear and chance-constrained programming. Dr Raike has established three high tech companies operating in the field of electronics research and development, and manufacturing, in the area of high tech telephone voice and data transmission. He has worked internationally as a consultant and independent computer software developer in the US and Japan. For several years he wrote a regular monthly column for BYTE, a prestigious American personal computer magazine. In New Zealand, he has consulted to a variety of corporations. He is now Chief Technical Officer of several international cryptographic software and hardware development companies in which Admiralty has invested.
DrRAIKE is a citizen of the United States and New Zealand. Email contact: raike@admiralty.org

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TOM TAYLOR, BA, MA, MBA, JD is a lawyer and film producer. He is President of T Squared Productions, Los Angeles, providing production, financing, distribution, business and legal affairs consulting services to independent film producers. He has been Executive Producer of many successful feature films, including Fried Green Tomatoes, starring Jessica Tandy and Kathy Bates for Universal/Rank/ASCII, Pyrates, starring Kevin Bacon for Live/Rank, and Sweethearts, starring Janeane Garofalo for Trimark/PFG. He was Producer of Kissing Miranda for HBO. He has acted as Project Consultant for Reversal of Fortune starring Jeremy Irons and Glenn Close for Warner Bros./Shochiku-Fuji, and 3 Ninja Kids for Disney/DeLaurentiis. Previously, he was Senior Vice President, Production and Business Affairs of Act III Productions, Los Angeles, where he managed production, business, financial and legal affairs for motion picture division of diversified entertainment company. Dr Taylor was also Vice President in the Office of the Chairman of MGM / United Artists, where he acted as advisor to the Chairman of the Board in wide range of projects, including acquisition of MGM assets and personnel, relocation of the MGM/UA Home Entertainment Group and related reorganization of MGM/UA Telecommunications operations. He was Vice President at United Artists Corporation, Beverly Hills, California, where he advised and assisted senior management in the startup organization of the new United Artists. Dr. Taylor is a licensed attorney, and has practiced in the Motion Picture Department of a top Los Angeles law firm. He holds Doctor of Jurisprudence and Master of Business Administration degrees from Stanford University, a Master of Arts degree (with honours) from Magdalene College of Cambridge University, England, and a Bachelor of Arts degree with High Distinction from the University of Michigan. He is a US Citizen.

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MARK S. VAN HORNE, MBA, BA, is a Chairman of the Property Committee of Investment Advisory Board. He also serves on the Energy Committee. A respected international consultant, Mr. van Horne's business expertise is focused on finance, real estate and technology. He is the Managing Partner of a US investment partnership with real estate interests in Texas and California. Mr. van Horne was Vice President of Finance for seven years with one of the largest investment firms in Saudi Arabia, with total assets in excess of $3 billion. In this capacity, he was in the Middle East for five years developing and supervising projects in eight countries, with a value of over $800 million. He then headed its Asian office in Hong Kong for two years, where he developed major projects in Hong Kong, Macau, China and Malaysia with a total value of $300 million. These projects included urban resort hotel properties, residential developments, and agricultural enterprises. Responsibility for these projects required a wide range of property investment and management skills from identifying, evaluating and financing investments to planing, costing, site location, contracting, financing and construction management. As an investment banker, Mr. van Horne has worked with many clients in the start up and venture capital phase. These have included business ventures in the areas of automation, video technology and Computer Aided Design (CAD) software development. He has established companies developing medical equipment and computer controlled laser manufacturing techniques, based to technology developed by research laboratories at the University of Texas. These research and development efforts have produced several important commercial applications including an eximer laser used for eye surgery, a non-invasive portable lead paint detector, a selective laser sintering device for the machine and manufacturing industries. He has been closely involved in early phase energy projects, including the licensing of new alternate fuel systems for automobiles, methods to increase pipeline efficiency, and techniques of liquifying and transporting natural gas at low pressures and normal temperatures. In his energy projects, Mr. van Horne has worked in cooperation with the Energy Research Center at the University of Oklahoma. This experience has allowed him to see a wide range of opportunities in technology and energy from the prospective of manager, financial professional and investor.
Mr. van Horne has extensive prior international experience, having lived and worked throughout the Middle East and Far East for nearly ten years. He has been responsible for projects with Admiralty in Sierra Leone, Bulgaria, Armenia and the Republic of Moldova. Mr. Van Horne has a Masters of Business Administration (MBA) degree from Harvard University's Graduate School of Business Administration with emphasis on finance and real estate and a Bachelor of Art (BA) degree in Economics from Stanford University. He is a US citizen.