CAP Ventures Inc.

Mr. Pesko is the founder and President InfoTrends (formerly CAP Ventures), a leading market research and consulting firm in the digital imaging and document solutions industries. InfoTrends is a worldwide organization with over 70 employees based in offices in Boston, London and Tokyo. The company assists technology vendors and service providers in improving their market position, understanding industry trends, identifying new business opportunities and assessing customer needs. InfoTrends also supports major corporations through a range of document assessment services and consulting, which helps clients to reduce costs, optimize technologies, improve processes, and develop effective document strategies. With more than 35 years of industry experience, Mr. Pesko's companies have provided research and consulting services for virtually every major player in the worldwide digital imaging and document solutions industries.Mr. Pesko was the Founding Publisher of Print On Demand Business magazine, as well as the Founder and Chairman of ImagingWorld (now KM World) magazine. He was also one of the Founders of the On Demand Digital Printing & Publishing Show and The Imaging Expo (now KM World) event.

As General Manager and Group Director for InfoTrends' Japanese operations, Keiichi (Ken) Maesato oversees the delivery of InfoTrends' continuous information services, administers market research and consulting projects, and manages all local conferences. Mr. Maesato has more than 24 years of sales and marketing experience in the document solutions industry. Prior to joining InfoTrends, he held several senior-level positions at International Data Group companies, including International Marketing Solutions and International Data Group, as well as a Senior Analyst position at James Capel Securities. Through these positions, Mr. Maesato was able to support and build the global marketing strategies of several leading Japanese information technology companies including Hitachi, Toshiba, Mitsubishi Electric, NEC, Fujitsu, Sony, and Panasonic.

Alex Sumarta is Associate Director for InfoTrends' Production Workflow Solutions and Document Outsourcing Consulting Services. He has a strong background in the graphic arts and electronic prepress industries through various positions in technical support, quality assurance, and project management at Total Integration, Inc., a graphic arts software development firm. He brings years of experience in software projects delivery and client management. He also brings experience in strategy consulting and market research in various high-level technology markets, including print/publishing, wireless, and enterprise software. Mr. Sumarta holds an M.B.A. Degree from Babson College and a B.S. Degree in Printing Management from Rochester Institute of Technology.

Charlie Corr, Group Director for the POD, PWS, DPS and Corporate Consulting groups, has more than 18 years of experience in the printing field with industry-wide expertise in implementing digital print technology. Mr. Corr has conducted numerous business development, budget analysis, and re-engineering assignments. His re-engineering efforts have resulted in significant efficiencies and savings through organizational redesign, streamlined operations, and the use of appropriate technology resources. In his previous assignment, Mr. Corr was responsible for operations of a full-service graphics provider at Harvard University that offered design/print, office products/paper, digital print & copy, and mail services to Harvard and its affiliates. His workflow analysis, employee and equipment review, training programs, and financial analysis have resulted in many value-based improvements for major clients such as Harvard Business School Publishing. Mr. Corr has worked with industry leaders to develop network-based state-of-the art technology utilizing the Web for printing and related commerce. He received a B.A. Degree in Political Science from the University of Rhode Island. In addition, he has done postgraduate work at Claremont Graduate School and The University of Massachusetts in Amherst, and has taught at Northeastern University.

Jim Hamilton is Group Director of InfoTrends' On Demand Printing & Publishing, Jetting Technology Opportunities, and Wide Format Printing Consulting Services. Mr. Hamilton is responsible for conducting graphic arts market research, providing forecast analysis, supporting the consulting service and custom consulting clients, and creating editorial content for product and market analysis reports. Mr. Hamilton has been involved in the graphic arts and publishing industries since 1980, and has been a member of InfoTrends' On Demand Printing & Publishing Consulting Service since 1995. Mr. Hamilton was the Editor of InfoTrends' book entitled "The Print On Demand Opportunity." Prior to joining InfoTrends, Mr. Hamilton worked at Linotype-Hell as an Applications Analyst and Author of the company's Technical Information Series. He also worked as a freelance graphic designer in the textbook publishing industry. He has an M.S. Degree in Printing Technology from Rochester Institute of Technology (R.I.T.) and a B.A. Degree in German from Amherst College.

Mike Howard is the Group Director for InfoTrends' Business Development Service (BDS), Production Workflow and Custom Communications Service (PWCCS), and Document Outsourcing Consulting Service (DOCS). Prior to joining InfoTrends, Mike was the Vice President of Marketing for Digital Printing Solutions within Kodak's Graphic Communications Group. In this role, Mike led the black & white and digital color printing strategies for equipment, software solutions, and vertical markets. Prior to joining Kodak, Mike spent three years at Danka, where he was responsible for building the company's professional services business as well as developing programs for support services including print/copy economic assessments, scanning, document management, and color and variable printing. Mike also had six-year tenure at Xerox, where he worked as the Vice President of Product Marketing, Vice President of Worldwide Industry Marketing, and Vice President and General Manager of the Professional Services Industry Business for the Global Solutions Group. Mike spent more than eight years managing consulting and advisory services at Gartner. While at Gartner, he had responsibility for managing development and sales of five core research and advisory programs, which included Personal Computing, Office Systems, Electronic Commerce Systems, Intelligent Document Management, and Enterprise Output Strategies.

Norman McLeod has been professionally involved with business communications papers since 1978, when he became Director of Market Research for IBFI, the trade association representing business forms manufacturers. In 1984, Mr. McLeod established Arlington Analytica, a private consulting practice providing forecasting services, proprietary and multi-client market research studies, statistical analysis, and trend analysis to numerous clients including paper manufacturers, forms manufacturers, press manufacturers, electronic printer manufacturers, trade and technical associations, and the federal government. In 1995, Mr. McLeod became a Senior Industry Analyst for the Hard Copy Supplies Service of BIS Strategic Decisions. He was retained in that capacity by Peripheral Insight when it purchased BIS's Hard Copy Supplies Service in 1996. Subsequent to InfoTrends/CAP Ventures' purchase of Peripheral Insight in 1997, Mr. McLeod joined InfoTrends/CAP Ventures' Communication Supplies Consulting Service as a Senior Consultant. In 1998, he transferred to the newly established Market Research Department, where he currently serves as an Associate Director. Mr. McLeod, who telecommutes from his office in a Northern Virginia suburb of Washington, D.C., holds Degrees from Haverford College and Oxford University.

As Director of Printer Research for InfoTrends' Office Document Technologies Group, Robert Palmer leverages his knowledge and expertise to provide product coverage; trend analysis; primary market research; and hardware, channel, and service and supplies forecasts for the Digital Peripherals Consulting Service. He also attends speaking engagements and contributes coverage of events. Mr. Palmer is recognized as a leading consultant and industry analyst for the consumer and office printing markets. He is a frequent speaker at major industry conferences around the world, and is frequently quoted or published in industry trade magazines and leading business publications, including the Wall Street Journal, Forbes, and Business Week. Mr. Palmer has over 17 years of experience in the printer and office equipment industry, with a broad background in printing and imaging technology. Prior to joining InfoTrends, he served as Director of Lyra Research's Digital Photography Advisory Service. Prior to that, he was Managing Editor of Lyra's Hard Copy Observer newsletter. In this capacity, he was responsible for researching and writing about a broad range of digital imaging products and markets.

Tim Greene is responsible for covering all large format printing technologies for InfoTrends/CAP Ventures' Visual Communications Technologies Consulting Service. As Associate Director, Mr. Greene develops InfoTrends/CAP Ventures' annual Worldwide Large Format Digital Printing Market Forecast and conducts primary research on the professional large format digital printing market in numerous market segments and application areas. Mr. Greene is often published in large format industry leading publications, has presented market trends and analysis at major industry events such as PMA and On Demand, and has delivered extensive custom consulting projects. Prior to his current position, Mr. Greene spent four years covering inkjet media and cartridges for InfoTrends/CAP Ventures' Communications Supplies and Large Format Printing Consulting Services. In this capacity, he worked with many of the leading OEMs, suppliers, and distributors in the large format printing market. Before joining Infotrends/CAP Ventures in 1997, Mr. Greene spent three years performing primary and secondary market research in the information technology industry as a Research Analyst for BIS Strategic Decisions and Giga Information Group. In this role, Greene worked on consulting projects for companies such as IBM, Microsoft, and Xerox in a variety of topics ranging from advanced Internet technology forecasting to year-long electronic printer product and price tracking reports. Mr. Greene holds a B.S.B.A. Degree in Management (cum laude) from Northeastern University.

Amy Machado is Forecast Manager for InfoTrends' On Demand Printing & Publishing and Digital Peripherals Solutions Consulting Services. Her responsibilities include coordinating the On Demand Quarterly Tracking Program, as well as gathering information for the services' yearly market forecast. Prior to joining InfoTrends, Ms. Machado was a Research Analyst for Hammacher Schlemmer & Co. in Chicago, where she managed hands-on product evaluations, conducted market research and customer surveys, and published online consumer-help newsletters and articles. Ms. Machado received a B.A. Degree in English and Political Science from Clemson University.

Adam Peck is a Senior Research Analyst for InfoTrends' Production Workflow Solutions and Document Outsourcing Consulting Services. Prior to joining InfoTrends, Mr. Peck served as a Digital Specialist at Smith Litho, a commercial printing company in Rockville, MD. In this position, Mr. Peck successfully launched the company's digital printing division and web-to-print system. Mr. Peck also managed variable data projects and administered the company's management information system. Mr. Peck has worked in a variety of other positions as well. His practical experiences include web design and production management with a weekly magazine publication and the St. Petersburg Times. Mr. Peck attended Rochester Institute of Technology, where he received a B.S. degree in Graphic Media Publishing.

Barbara Richards is a Senior Consultant for InfoTrends' Digital Peripherals Solutions Consulting Service. Ms. Richards brings more than 10 years of experience in the printing industry. Prior to joining InfoTrends, Ms. Richards was Product Manager of Workgroup and Color Products at Konica Minolta Business Solutions U.S.A., Inc. Before joining Konica, Ms. Richards was Product Marketing Manager for Digital Equipment Corporation's Printing Business Services Division. In this capacity, she was responsible for product marketing launches of the company's Workgroup color and black & white laser printers. Prior to Digital, Ms. Richards was the HP Product Marketing Manager at Merisel, Inc., where she was responsible for developing the company's HP LaserJet reseller program. Ms. Richards holds a B.S. Degree in Corporate Communications from Southern Connecticut State University.

Bill Trippe founded New Millennium Publishing, a Boston-based consulting practice formed in 1997, and has more than 20 years of technical and management experience in content management, XML, and related technologies. He specializes in large-scale applications of content management technology, working with publishers who are typically converting extensive legacy databases and systems into more contemporary, open technology. He brings a unique blend of strategic and hands-on knowledge of the products and trends that are shaping the publishing and content technology marketplace. As a Senior Analyst at Gilbane Group Inc., Bill covers trends and technologies in the content management industry and develops conferences and tutorials on XML and content management. He is a sought-after speaker and author in the XML field, and is the XML columnist for Transform, a Consulting Associate with the consulting and market research firm CAP Ventures, and a regular contributor to the magazine, EContent. He recently co-authored Digital Rights Management: Business and Technology (John Wiley & Sons) and SVG for Designers: Using Scalable Vector Graphics in Next-Generation Web Sites (Osborne/McGraw-Hill).

Carrie Sylvester is a Senior Research Analyst for InfoTrends' Internet Imaging Trends, Digital Photography Trends, and Photo Printing Trends services. Carrie has over 14 years of experience in the market research field managing primary and secondary research projects for the electronic imaging, healthcare, pharmaceutical, and consumer industries. Earlier in her career, she worked as a research analyst for BIS/CAP International in the Document Management and Scanner services.

Ed Daniel is an Associate Consultant with InfoTrends/CAP Ventures' Corporate Consulting Group. He has 25 years of operational and management experience consulting within the printing/graphic arts and imaging related industries. His direct involvement includes work within print production, commercial printing sales, graphics arts and document design, direct-to-customer consulting, print production, benchmarking outsourced procurement of printed materials, analysis and negotiation of FM (Facilities Management) agreements, and technical report writing. Mr. Daniel's involvement with regard to InfoTrends/CAP Ventures consulting engagements has included development of cost reduction strategies in all segments of wet ink offset, laser, and direct image printing processes, as well as business forms information flow and print procurement analysis for major business concerns in the public sector, financial, healthcare, consumer product, and manufacturing markets. Mr. Daniel received a B.B.A. Degree in Marketing from the University of Cincinnati and has continually pursued additional course work in the Reprographics and Information Systems arena. His articles have appeared in In-Plant Printer magazine. Mr. Daniel has also chaired sessions and presented at high-profile industry trade shows and expositions, including The Print on Demand Digital Printing & Publishing Conferences, XPLOR, and IPMA (International Publishing Managers Association; formerly known as the In Plant Management Association).

Efrat Sharon is a Senior Consultant for InfoTrends' European Digital Peripherals Solutions Consulting Service. In this capacity, she will perform research and project management duties for the DPSE team and clients. Ms. Sharon has been involved in the digital printing industry for the past seven years, and the bulk of this time has been spent in Europe. Prior to joining InfoTrends, Ms. Sharon was employed at HP Indigo. In this position, she was responsible for covering applications, business development, and worldwide marketing and distribution channel relationships. Ms. Sharon graduated from WestHerts College with a Bachelor of Science Degree in Printing Management & Packaging Processes. She also holds a Master's Degree in Digital Colour Imaging from the London College of Printing.

Frank Romano's career has spanned over 40 years in the printing and publishing industries. He is the author of 40 books, the Editor of the International Paper Pocket Pal, a contributor to major encyclopedias and dictionaries, and the author of numerous articles. He lectures extensively, having addressed virtually every club, association, group, and professional organization at one time or another. He is one of the foremost keynote speakers. Mr. Romano has consulted for major corporations, publishers, government, and other users of digital printing and publishing technology. He has conceptualized many of the workflow and applications techniques of the industry and is now involved in a major study of the future of information dissemination.

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Joel is the Vice President of Marketing for Rent One Online and is responsible for bringing the Rent One Online Rental Management and Vacation Travel solutions to market, developing the ongoing marketing strategy, executing the marketing plan and facilitating customer and partner adoption. Joel has 15 years of technology industry experience that includes helping leading companies develop new products and services and successfully launching them in their respective markets. His past customers are the largest software companies in the world including BEA Systems, BMC Software, BusinessObjects, FileNet, Microsoft, Nortel Networks, Oracle, PeopleSoft, Sprint, Sun Microsystems, VeriSign and Vignette. Joel has also held senior marketing positions in numerous emerging companies including web content management, business process improvement and compliance. For the past eight years, Joel has focused his consulting efforts on assisting technology companies articulate and communicate the benefits of enterprise application and internet technologies in terms of business and customer value. His functional expertise includes market research, product strategy and positioning, competitive analysis, value analysis (ROI), cost of ownership analysis (TCO) and sales collateral and tool development. Joel holds an MBA (Entrepreneurship) from Loyola Marymount University and a BA (Economics) from UC San Diego, with honors from both universities. He also owns rental properties in Kona, Hawaii and Hermosa Beach, California.

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Steve Adoniou is a Senior Consultant for InfoTrends' On Demand Printing and Publishing Consulting Service. Mr. Adoniou is responsible for managing custom consulting projects, providing forecast analysis, developing market sizing estimates, and creating editorial content for product and market analysis reports. He has 12 years of experience in printing and publishing and has been at InfoTrends for over 3 years. Prior to joining InfoTrends, Mr. Adoniou gained industry experience as a Production Manager for a digital graphic communications service provider in the Boston area. Under his guidance, the company underwent an extensive transformation from prepress services to digital color printing. In this position, Mr. Adoniou played a critical role in making major hardware and software investment decisions, workflow implementation, and developing new digital book production and variable data printing services. Mr. Adoniou then went on to become the iWay Product Manager at Cohesion. In this role he was pivotal in driving sales, marketing, implementation, and product development. Mr. Adoniou holds a B.A. in Political Science and History from the University of Massachusetts at Amherst.

Jonathan Bees is the Director of InfoTrends' Digital Peripheral Solutions Service (DPS). He has over 25 years experience in the office imaging industry, including market research, product management, competitive analysis, and sales. Prior to joining InfoTrends, Mr. Bees was the Editor-in-Chief of Better Buys for Business, a leading publisher of information and analysis on the office imaging market for end users. During his career he has also held marketing and sales positions at Konica, IKON, and Savin. Mr. Bees is a graduate of Colby College, where he earned a BA in English.