Mr. Turner is the founder, President and Chief Executive Officer of Tangarine Concepts. He has held these positions since its incorporation in May 1999. Prior to founding Tangarine, he was an independent business consultant. From 1993 to 1998, Mr. Turner was the Director of Sales and Marketing for the Bourne Leisure Group, a resort management company based in Great Britain. His vision and drive have developed Tangarine into the largest private distributor of POS terminals in Canada. Creative thinking, the ability to bring value added programs and products to market have allowed Tangarine to become a leader in the prepaid product delivery industry.

Mr. Knudsen joined Tangarine in 1999. He is primarily responsible for the design and implementation of the distribution program of Tangarine. From 1993 to 1999, he was the President of Matrix Science and Research Corp., a private sales, marketing and financial consulting company. Mr. Knudsen has over 20 years experience in sales and financing. Mr. Knudsen’s ability to implement successful distribution programs have been vital to the continued success of Tangarine promoting new products.

Mr. Elliott has held the position of Chief Financial Officer with Tangarine since January 1, 2005. From September 2003 through December 2004, Mr. Elliott was a consultant to Tangarine. Since 1987, he has also been the President of CFE Financial Inc., a private investment banking company. From 1998 to 1999, he was VP - Finance, Chief Financial Officer and Secretary of Vital Retirement Living Inc. (“VRL”), a public company listed on the Exchange. He has been a director of VRL since 1998. Mr. Elliott sits on the boards of various charities and foundations as time permits.

Mr. Chadwick has been the owner of RKC Consulting since January 2005. Previously, he was employed by Emergis (previously BCE Emergis) from November 1999 to December 2004, holding various positions related to the payment processing business of Emergis, including General Manager of POS Services. He was also a member of the board of directors of the Interac® Association of Canada as Emergis’s representative between August 2003 and December 2004. Prior to Emergis, from September 1995 to November 1999, Mr. Chadwick was Senior Vice President and General Manager of POS Transaction Services at SNS/Assure. From 1968 to 1995, he was employed at NCR Canada, including as Vice President, Public Sector Sales for Canada. He is a graduate of Ryerson Polytechnical Institute, Business Administration, Computer Science Major.

Mr. Gagnon is an Associate of the Institute for Canadian Bankers. In 1988, he joined Brukar Inc., a manufacturer of industrial components for the food equipment industry as President. He continues as Chairman of its parent company. In 2001, he became President of IP Devco Inc., a contract software developer. Mr. Gagnon is a director of numerous private companies. Mr. Gagnon is currently the President of Chancery Investments Inc., an investment company.

Mr. McCutcheon of Toronto, Ontario has broad experience in the financing of both public and private companies and has participated in all aspects of private equity investing at Lawrence & Company Inc. (“Lawrence & Company”), a Toronto based investment management firm, since its inception. Mr. McCutcheon is a partner and director of Lawrence & Company a position he has held since January 1996. At Lawrence & Company, following the investment stage, Mr. McCutcheon contributes his expertise and business acumen to supporting investee companies with the development of business plans, building management teams, corporate finance, and strategic issues. Mr. McCutcheon often participates as a member of the board of directors, presently serving on a number of public and private company boards. Mr. McCutcheon practiced corporate and securities law, from 1987-1992, in Toronto with the predecessor of Fasken Martineau DuMoulin, a major Canadian law firm. Mr. McCutcheon received a Masters degree in International Management from The American Graduate School of International Management.

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