Merchant Factors Corp.

President and CEO Merchant Factors Corp. Prior to joining Merchant Mr. Winters was with Hilldun Corporation, a New York based commercial finance company. At Hilldun he built up their newly formed factoring division and his responsibilities included procuring new business, making advances and maintaining the client relationship. While at Merchant, Mr. Winters lead a dynamic marketing team which became a major force in Merchant's market place. He has grown the factoring volume which has more than doubled in the past 5 years. In addition to his marketing efforts, Mr. Winters remains active in maintaining client relationships. Much of his time outside of sales and marketing is spent with the clients. He does a great deal of consulting and advising with concerns they may have about their business. Adam Winters graduated from Ithaca College with a B.S. in Finance. He is extremely active in various financial clubs and organizations in New York and New Jersey. He is a member of the Garden State Credit Club, Empire Credit Club, Checkmates Credit Club, CFA in NY and NJ, as well as an officer of the Contemporary Credit Club.

Donald Nunnari is a graduate of the St. Bonaventure University, with a BS in Finance. Mr. Nunnari has over 25 years experience in factoring in Los Angeles. He oversees the portfolio and manages new business for Merchant Factors West Coast Office. Prior to joining Merchant, Mr. Nunnari spent 15 years as a Senior Marketing Officer at Republic Factors and HSBC Business Credit. He is past President of The Textile Professional Group, and a member of the Commercial Finance Conference of California. He is also on the Board of Directors of the Textile Chapters of the City of Hope and National Jewish Hospital.