Marine Growth Ventures Inc.

Katherine Ostruszka - Chief Financial Officer & Controller - Marine Growth Ventures, Inc. Katherine Ostruszka is the controller for Marine Growth Ventures, Inc. Katherine Ostruszka has over fourteen years of experience in financial analysis particularly in the areas of real estate, gaming, telecommunications and technology for Phoenix Investors, LLC and its family of companies. This experience includes overseeing daily operations in the start up of new companies and the acquisition of existing companies including their finance, banking, insurance, and human resource management needs. Katherine Ostruszka also holds a position as an economics instructor at Waukesha County Technical College, Wisconsin and, as an extension of her charitable pursuits, has for the last five years provided substantial volunteer work at the SATC - Sinai Samaritan. Katherine Ostruszka holds a BA in Economics and International Affairs from Marquette University and a MS in Management from the University of Wisconsin Milwaukee.

Timothy Levensaler is the Chief Operating Officer of Marine Growth Ventures, Inc. Timothy Levensaler has over 20 years of maritime experience and has sailed for 13 years as a Master Mariner. During this time he also served as Project Manager for several multi-million dollar government projects, ship conversions, and repairs. He's also been appointed as Ship Superintendent for numerous multi-million dollar shipyard projects for several different companies around the world. In the late 90's Capt. Levensaler founded Sophlex Enterprises, Inc. and Sophlex Ship Management, Inc., in order to provide customized, quality vessel management services to vessel owners and operators, both in the U.S.and abroad. Timothy Levensaler holds a BS in Nautical Science/Marine Transportation from the Maine Maritime Academy, Castine, Maine, where he graduated fourth in his class of 163 with "High Honors". Additional studies in Business Management, Tanker Operations and Oceanography.

Frank Crivello is a founder of Marine Growth Ventures, Inc. After graduating from Brown University in 1982, Frank Crivello began his career by investing in REO multifamily projects located in the Midwest. Almost immediately, Frank Crivello began acquiring commercial office, warehouse, and retail properties. By 1985, Frank Crivello identified and refined a successful formula for rapid equity accumulation through the consensual modification of anchor tenant leases. This lead to coast to coast acquisitions and/or the ground up development of neighborhood retail shopping centers. By 1990, Frank Crivello owned millions of square feet of commercial real estate in nearly every US state including Alaska, becoming one of Kmart's largest landlords, with aggregate investments in the hundreds of millions of dollars. His operating businesses employed over 1,000 employees. In the early 1990's the nation was in a recession and traditional real estate lenders were closing or collapsing. As traditional sources of financing evaporated, Frank Crivello sought creative financing and solutions from Wall Street investment banking firms. Indeed, necessity is has often been the mother of invention. Working with talented bankers at Daiwa Securities, in 1991, Frank Crivello structured a transaction that created a synthetic bond obligation thru Kmart Corporation's net lease. This resulted in the sale and finance of a portion of his portfolio of Kmart anchored properties through a collateralized mortgage obligation in the approximate amount of $170 million. This was the first securitized commercial transaction of this type and a precursor to the common Wall Street securitized financings. During the 1990's, Frank Crivello structured or participated in financial engineering of similar real estate sale and finance transactions with leading investment banking firms. The tenants included Aurora Health Care, BlueCross-BlueShield, Pamida (Shopko), Home Depot, Kmart, Builders Square, and Furr's Supermarkets. In the late 1990's, retailers continued to fail, consolidate, and vacate traditional shopping centers. Anticipating the opportunity this widespread dislocation created, Frank Crivello focused on the redevelopment of large vacant shopping centers. Frank Crivello and his team developed a formula for the redevelopment of these assets into non-retail uses that included call centers, corporate back room operations, and health care operations. These opportunities continued until the late 1990's.

Paul Schwabe, Secretary - Mr. Schwabe has been our Secretary since April 2004. Since April 1994, Mr. Schwabe has served as vice president for Phoenix Investors, LLC. In that capacity he has also served as an officer for many subsidiaries of Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 and their affiliates. Mr. Schwabe has extensive experience in the management of real estate and the administration of various businesses.