Telkonet Inc.

John has been on Smart Payment Solutions? Board of Advisors since 2004. He joined Solveras in 2007 bringing a wealth of senior management experience to the Company. He was most recently a senior officer at Telkonet, a Maryland based publicly traded power line communication company. His previous experience includes eight years as CEO of CardSystems Solutions, Inc., where the company?s portfolio grew under his leadership from 3,000 merchants to more than 100,000 merchants with annual transaction volume exceeding $10 Billion. John has extensive experience in executing growth strategies within the technology and transaction processing industries through organic growth and M&A activities. John maintains dual residence in Potomac, MD and Franklin, TN.

Tom Lynch joined The Staubach Company after six years as Senior Vice President at Safeguard Scientifics, Inc. (NYSE:SFE). While at Safeguard, he served nearly two years as President & Chief Operating Officer at CompuCom Systems (CPMC), a Safeguard subsidiary company. After a 31 year career of Naval service, he retired in the rank of Rear Admiral. Tom's Naval service included Chief, Navy Legislative Affairs, command of the Eisenhower Battle Group during Operation Desert Shield, Superintendent of the US Naval Academy from 1991 to 1994 and Director of the Navy Staff in the Pentagon from 1994 to 1995. He serves as a Director on the following boards: Pennsylvania Eastern Technology Council, Sanchez Computer Associates, Armed Forces Benefit Association and Nextel International. He also serves as President, Valley Forge Historical Society; Chairman of the Cradle of Liberty Council, Boy Scouts of America and serves as a trustee of the US Naval Academy Foundation.

Matt Koch, 31, is vice president of operations for Telkonet. Mr. Koch joined Telkonet in March 2007, following the acquisition of EthoStream, where he was a systems engineer from 2004 to 2007. Prior to EthoStream, from 1998-2000 and from 2001-2004, Mr. Koch was a system administrator for Geneva OnLine, a regional Internet service provider specializing in wireless broadband Internet access, managing system administration and integration for web hosting, billing systems, and workflow automation. In 2000, Mr. Koch was as a system and network administrator consultant in the Silicon Valley for various companies, including Sun Microsystems, Uptilt, and SalesCenter.com, a web-based sales team automation system. He received a B.S. degree in Business Administration in Management Computer Systems from University of Wisconsin Whitewater.

Robert P. Crabb, 58, is the secretary of Telkonet and is responsible for Telkonet?s public company administration and corporate governance. Mr. Crabb joined Telkonet in 1999 and is a former director. Mr. Crabb has more than 35 years of sales, marketing and corporate management experience, insurance and financial services experience. Mr. Crabb?s entrepreneurial expertise also includes public company administration, financial consulting and commercial/residential real estate development.

Stephen L. Sadle, 60, is the senior vice president and co-founder of Telkonet. Prior to Telkonet, Mr. Sadle served as senior vice president and general sales manager of Internos, a provider of web-based vertical extranet applications for the construction and transportation industries. From 1986 to 1999, Mr. Sadle was vice president of business development and sales for The Driggs Corporation, a major heavy and infrastructure contracting firm. For 17 years, Mr. Sadle served as president and founder of a successful construction and consulting company, and was awarded Small Businessman of the Year award for the Washington Metropolitan Area. Mr. Sadle brings more than 33 years of management, contracting and entrepreneurial experience to the company.

Seth Blumenfeld was appointed to the Board of Directors in November 2005. His initial affiliation with Telkonet began in July 2005 on a consulting basis as the Senior Advisor for International Development. Mr. Blumenfeld brings nearly forty years of telecommunications experience and is one of the industry?s leading experts in international negotiations. Mr. Blumenfeld was President and Chief Operating Officer of several of MCI?s international subsidiaries from 1984 to 1998. Mr. Blumenfeld also served as President of International Services for MCI International (a provider of telecommunication services) from 1998 until his retirement in January of 2005 where he was responsible for the company?s international activities including its relationships with over 200 international telecommunication companies.

Dr. Thomas M. Hall, 55, is the executive director of Digital Angel Corporation and the Managing Partner of Marrell Enterprises LLC, a partnership that specializes in international business development. Dr. Hall serves on the board of directors of Coris International SA, a Paris-based insurance services company with subsidiaries in 36 countries. For 12 years, Dr. Hall was the chief executive officer of Medical Advisory Systems, Inc., a company providing international medical services and pharmaceutical distribution. Dr. Hall holds a bachelor of science and a medical degree from the George Washington University and a master of international management degree from the University of Maryland.