International Outsourcing Services Inc.

Chris Balsiger graduated from Indiana University Kelley School of Business in 1977 with an MBA in finance. He joined Owens-Illinois in May 1977, where he worked as a Senior Financial Analyst in international operations. In April of 1980, he joined Seven Oaks International and served as Senior Vice-President of Operations. In April of 1980, Chris, along with Supervalu, Inc., founded North America Data Processors (NADP). Under his direction, NADP merged with Indiana Data in January of 1997 to form IOS, where he now serves as CEO and a member of the Board of Directors. Chris travels abroad extensively on business and to pursue his passion for high-altitude mountaineering. He has embarked on a personal challenge to scale the highest peaks on each of the seven continents.

Steve Furr graduated from Indiana University Kelley School of Business in 1982 with a degree in finance. Steve joined Indiana Data in 1982 and was instrumental in launching new data processing operations in Mexico. In the subsequent two decades, Steve has assumed a progressively greater scope of responsibility in operations in the U.S. and Mexico. As President of North American Operations, Steve now oversees all of IOS's North American operations.

Lance Furr graduated from the University of Evansville in 1983 with a degree in finance. Lance joined Indiana Data, Inc., in 1983 and worked in production at the company's Acuna, Mexico, processing facility. In 1989, he moved to the Bloomington, Indiana, office and served as a client representative and liaison between Indiana Data's two facilities. As CFO, Lance oversees fiscal management for all of IOS and its global operations.

Moshe Kaganoff has served as the Company's Executive Vice President of Strategic Planning since January 2000 and served as a director of the Company from March 1999 until December 2006. Mr. Kaganoff has served as a director of IDT Capital, Inc. since September 2004. From April 1994 through July 1998, Mr. Kaganoff served as the Company's Manager of Operations. From August 2001 through December 2004, Mr. Kaganoff also served as Executive Vice President of Strategic Planning for IDT Telecom, Inc. Mr. Kaganoff holds a B.A. in Economics from Yeshiva University.

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