CPI Aerostructures Inc.

Mr. Fred has been President of the Company since January 2002. He was appointed Chief Executive Officer in January 2003. Prior to being appointed President, Mr. Fred held various positions with the company beginning in February 1995. For approximately ten years prior to joining the Company, Mr. Fred served in various positions for the international division of Grumman, where he last held the position of Controller. In 2004, Mr. Fred was the recipient of the Long Island Association's Small Business Entrepreneurial Advocate Award, and in 2005, was named an Ernst & Young Entrepreneur of the Year Award recipient. He was a panelist at the 2004 Forbes Dynamic Growth Companies Conference and had his work published in the Journal of Management Development. Mr. Fred holds a BBA in Accounting from Dowling College (1980), and graduated from the Inaugural Executive MBA program at Hofstra University in May 2002.

Harvey J. Bazaar has been a Director since December 2006 and Chairman of our Audit Committee since April 2007. A certified public accountant, Mr. Bazaar has spent most of his career in public accounting, having retired from PricewaterhouseCoopers in 2000 as the Global and Americas Leader for the Capital Markets Group. At Coopers & Lybrand, which merged with PriceWaterhouse to form PricewaterhouseCoopers, Mr. Bazaar served on the firm's Executive Committee and as Managing Partner of the New York City office. In post-retirement, from September 2001 to December 2002, Mr. Bazaar served as the Chief Operating Officer of DML Global Services, a company providing fund accounting and related services to private investment funds and other businesses. Since January 2006, Mr. Bazaar has served on the Board of Directors and Audit Committee of BKF Capital Group, Inc., an OTC Bulletin Board company and has served as its President and Chief Executive Officer since January 2007. Mr. Bazaar holds a Bachelor of Science degree from Kent State University.