ions at Rausher Pierce & Refsnes, Inc., Morgan Keegan & Co., L.F. Rothschild & Co. and Oppenheimer, Inc. Mr. Galloway holds a B.A. in Economics from Hobart Col- lege and an MBA in Finance from New York University's Stem Graduate School of Business. Gary L. Herman Managing Member Mr. Herman is a co-fou

1994-2005 •Galloway V 1983 Burnham 'VT tu nagement (Co-s Securities (MD) •Managed US$100 i assets OM tern usiness School conomics BA Hobart Williams Smith College m n •Published research on distressed companies •Led several corporate finance transactions • Launched STEP •Manag

loway Ca it RT OBurnhain- .........----1 nagement Securities (MD) (CE (CEO) • ag Man ed US$25 'MBA Stern Business 1979 School conomics BA Hobart Williams Smith College •Managed US$100 mil in assets •Published research on distressed companies •Led several corporate finance transactio

of up to $10, are adcktional per person. Bonus flights available only on Qantas flights to/from Sydney, Melbourne, Brisbane, Adelaide, GolcfCoast, Hobart, Launceston and-Canberra. American Express Travel Related Services Inc. acts solely as sales agent of the travel suppliers and is not liable for th

of up to $10, are additional per person. Bonus flights available only on Qantas flights to/from Sydney, Melbourne, Brisbane, Adelaide, Gold Coast, Hobart, Launceston and Canberra. American Express Travel Related Services Inc. acts solely as sales agent of the travel suppliers and is not liable for th

Kamchatka. Marshall Is. (GMT +12:00) Auckland, Wellington (GMT +11:00) Magadan, Solomon Is., New Caledonia (GMT +10:00) Vladivostok (GMT +10:00) Hobart (GMT +10:00) Guam, Port Moresby (GMT +10:00) Canberra, Melbourne, Sydney (GMT +10:00) Brisbane (GMT +09:30) Darwin (GMT +09:30) Adelaide (GMT +

Kamchatka, Marshall Is. (GMT +12:00) Auckland, Wellington (GMT +11:00) Magadan, Solomon Is., New Caledonia (GMT +10:00) Vladivostok (GMT +10:00) Hobart (GMT +10:00) Guam, Port Moresby (GMT +10:00) Canberra, Melbourne, Sydney (GMT +10:00) Brisbane (GMT +09:30) Darwin (GMT +09:30) Adelaide (GMT +

roven track record of successful investing: 20+% annual returns over past 15 years Present 2005-2013 1994-2005 •rnham 1983 1979 economics BA Hobart Williams Smith College Securities (MD) • Managed USS100 mil OBA Stern in assets Business School • Published research on distressed companies