Feb. 24, 2007 —

RUBAR S. SANDI
Chairman and CEO

Mr. Sandi is the Founder, Chairman and CEO of The Sandi Group. For the past twenty years, he has directed, financed and managed various international projects worldwide. Mr. Sandi led The Sandi Group in the assessment of business opportunity, negotiation of governmental acceptance, arranging and structuring of project equity and debt financing, restructuring companies, and assembly of multinational team to insure success of the projects and those companies. He also has established residency in many countries including Middle East and Asia Pacific countries, to oversee and insure the success of the operations. Mr. Sandi’s engagement in the US political arena complements his worldwide network and reputation. Mr. Sandi holds a Bachelor’s of Science degree in Management Information Systems and a MBA degree in international business from Hamilton University, Virginia Campus. He has received numerous awards from national and international institutions for his leadership, achievement and contribution worldwide, and is currently a member of many of these institutions.
EMINE E. CETINKAYA
President
Ms. Cetinkaya is an international executive with comprehensive experience in international business. Her expertise includes building corporate value, managing projects, identifying and implementing strategies to sustain growth for international companies. Ms. Cetinkaya received her Bachelor’s of Science degree in finance and international business from Georgetown University in Washington, DC. She has received her MBA degree in international business from Johns Hopkins University.
ANTOINE S. KHOURY
Executive Vice President
Mr. Khoury has extensive experience in heading various types of accounting, taxes and financial services for private and public companies. He is an expert in improving operational efficiency and organizational structure from a management accounting or tax service’s side. His main focus is strategic planning and financial reporting worldwide. Mr. Khoury has a Bachelor’s of Science degree in accounting and finance and a Master’s of Science degree in accounting and business management. Mr. Khoury holds CPA, CTP, CFP certifications. He is entitled to practice before the Internal Revenue Service in Washington, DC.
LOUIS BROWN
Director of Operations
Louis Brown is the Director of Operations for The Sandi Group and manages the Iraq operation on ground from the Company’s Baghdad office. Louis Brown, a former special agent of the United States Air Force, has performed in over one hundred executive protective services operations. He is skilled in all facets of security missions including defensive driving and proficiency with fire arms. Mr. Brown has served as personal security advisor for the Secretary of the United States Air Force from 1980 until 1983. He was selected as the AFOSI Special Agent of the Year in 1980. Louis Brown has served as a security advisor and support for the Vice President, Secretary of Defense, Secretary of the Air Force, Chairman of the Joint Chiefs of Staff, James Brown, The Chicago Bulls, Chicago White Sox, Janet Jackson, Elizabeth Taylor, Michael Jackson, Celine Dione, and Louis Gossett, Jr to name a few.
DR. IBRAHIM SINDI
In House Counselor, Iraq
Dr. Ibrahim Sindi acts as the in house legal counsel and advisor of The Sandi Group. Dr. Sindi has three decades of experience in Iraqi and international law. Dr. Sindi specializes in private and civil law. Prior to Gulf War, he represented several multinational companies in Europe and the Middle East region. Dr. Sindi received his degree from University of Baghdad and is fluent in Arabic, English and Kurdish.
MUGE KARSLIOGLU
Vice President
At The Sandi Group, Muge Karslioglu heads the business development department. With her 20 years of expertise in management, tourism and logistics, she plays an important role in developing strategic business partnerships and further opportunities with multinational companies in boosting business in Iraq. Mrs. Karslioglu was born in New York, but lived in Washington, DC for 24 years, and considers herself a native Washingtonian. After graduating from George Mason University in International Relations, she focused on business development and developing opportunities in the tourism industry. Prior to joining The Sandi Group, Muge Karslioglu was generating USD 5 million in sales in her own tourism company which she founded at age 25 and successfully run for 12 years. She has won numerous awards and was featured on CNN, Washington Post, Travel Agent magazine and others, and was nominated as “Business Woman of the Year, 2000” by FOX TV. She has received an Oustanding Fundraiser plaque from Best Buddies. She also received Outstanding Achievement Award and Outstanding Service in the Diplomatic Community from ATC.
HAZIM ALASAD
Managing Director, Contracting
Mr. Hazim Alasad manages and further develops the The Sandi Group’s general trade, real estate and other development projects. He currently resides in Baghdad, and has 32 years of progressively responsible experience include proficiencies in fields ranging from geological surveying, project management, site engineering, export/import and general trading, to business and political consulting, organizational management, business analysis, and commercial management, to name a few. Furthermore, his skillfulness and familiarity with most, if not all, Middle-Eastern cultures and business methodologies, as well as European, Russian, Far-East Asian, and American cultures and trade practices is an added value to companies that want to work The Sandi Group in Iraq.
DOUGLAS TREADWELL
Vice President, Contracts and Business Development
Mr. Treadwell has extensive contracting experience with U.S. Government entities and Multi-lateral Funding Agencies developing privatization projects and concessions in Latin America. He brings strong Telecommunications & Infrastructure Project and Technical Management skills, which are essential in developing competitive RFP responses to Iraq’s rebuilding efforts. Prior to joining The Sandi Group, Mr. Treadwell was Chief Financial Officer and VP – Business Development at ACC Telecom in Columbia, Maryland. In addition to his duties as CFO, he developed business relationships to market & integrated Next-Generation Technology from Telcordia, Alcatel USA and Broadsoft. He also expanded marketing efforts into Federal & E-rate markets via teaming agreement with TKC Communications, an (8)a Native Alaskan Corporation (market value of RFP projects for Funding Year 2005 are in excess of $140 million). Mr. Treadwell received a B.S. in Economics from the University of Maryland, an M.S. in Finance from Loyola College in Maryland, an M.S. in Taxation & Business Law from the University of Baltimore School of Law and while at Georgetown University in Washington D.C., he completed the Executive International Business Certificate Program.
MARWAN KAIS ABBAS
AL-ABBASI
Mr. Al-Abbasi has had a diverse professional background, including being part of the management team at Levant Oversear Development LTD, a British/French trading and industrial group. He has been associated with the United Nations Memorendum of Understanding and he has provided interpretation services for high level secutiry officials. Mr. Al-Abbasi received his Dentistry certification from the College of Dentistry in Bagdad in 1998. He has spent significant time in the United States and is fluent in English, Kurdish and Arabic.
NADER KAMALI
Mr. Kamali is a highly accomplished IT professional and system analyst with extensive domestic and international experience with high-growth organizations. He is a results-oriented leader with proven success in strategic thinking, planning and problem solving. Mr. Kamali has experience in Project Management, System Analysis, System Design, System Integrations, Networking, Telecommunication, Oil & Gas, directing small business, professional sales, military service and teaching programming languages at technology institutes. His employment history includes work for GMG (Computer Modeling Group), Bell West, SAIT (Southern Alberta Institute of Technology), Fekete Associates Inc., IBM Canada and managing his own business for ten years. Mr. Kamali received a B.S. in Computer Engineering form Syracuse University in upstate New York.
JANNA LIPMAN
Manager
Janna Lipman manages the daily operation in The Sandi Group’s Baghdad, Iraq office. Ms. Lipman has several years of experience in operations, professional services including her specialty in the tourism and hospitality industry. After graduating from James Madison University in Hospitality, she began working as a senior event coordinator for one of Washington, DC’s high profile Speaker Bureaus, where she acted as a liaison between clients and speakers. Four years later, her strong capabilities in the delivery of professional services promoted her to a new position in a prestigious entertainment company.
MEDEA JAFF
Project Manager, Business Development
Medea is a native Kurdish-Iraqi and currently resides in Baghdad. She lived in England and Ireland where she completed her primary and secondary education. In 1996, she graduated from the University of Mustansiria with a degree is biology. Since 1999, Medea worked for the World Health Organization of the United Nations under the Oil-for-Food Programme in the Registry Unit, responsible for training the newly recruited staff, conducting workshops introducing advanced techniques to local Iraqis and overseeing the distribution of the UN pouch to the local WHO offices throughout Iraq. She is fluent in English, Arabic and Kurdish.
MUN FAI LOKE
Director – Asia Pacific
Mr. Loke manages The Sandi Group’s Asia Pacific operations, which include business development, investment, financial arrangement, and governmental relationship in various sectors of real estate and technology projects. He has over 40 years experience in the engineering and manufacturing sectors, and was responsible for development and set-up of various airline operation and manufacturing plants, as well as avionics shops including those for the Singapore and Malaysian Airlines. Mr. Loke left the airline business to set up manufacturing companies in Singapore for the production of electronic components and equipments with technology transfer from Toshiba, Tatung, and other Japanese and Taiwanese companies. Prior to joining The Sandi Group, he was involved in setting up manufacturing plants in China to produce high and low technology products, including liquid crystal panels, telephones, and televisions.
ROBERT PENG
Director – China
Mr. Peng leads The Sandi Group’s operations in China. He has comprehensive experience in project investment and business development in the Asia-Pacific region, and especially in China. His responsibilities include the development of our Magplane high speed magnetic levitation transportation system in China as well as to oversee the governmental relationships with the Chinese Government. Mr. Peng has excellent communication and financial engineering skills, is an excellent negotiator and has expertise in implementing and creating business solutions and management strategies for international projects. Mr. Peng holds a Bachelor’s of Science degree in electrical power plant engineering and a Master’s of Science degree in social economic systems engineering.
HENRY H. KOLM, Ph.D.
President – Magplane Technology Inc.
Dr. Kolm is the president of Magplane Technology, Inc., an affiliate and partner company of The Sandi Group. He invented the Magplane system of magnetically levitated transportation (with co-inventor Dr. Richard Thornton), and developed the first practical synchronous electromagnetic launchers. Dr. Kolm is one of the founders of the Massachusetts Institute of Technology (MIT) Francis Bitter National Magnet Laboratory, an authority on electromagnetic technology with over 30 years of experience, and a recognized inventor, innovator, and industrialist. He has consulted extensively for industry and government. He has also published three Scientific American articles, approximately 60 professional papers, made several science films, contributed to several NOVA programs, and is an author of over 30 United States patents and their foreign counterparts in cryogenic, magnetic and piezoelectric applications. Dr. Kolm was also a member of the US Army Intelligence team responsible for the successful safe passage of Dr. Werner von Braun and other key German scientists to the United States.
D. BRUCE MONTGOMERY, Ph.D.
Chief Technical Officer – Magplane Technology, Inc.
Dr. Montgomery is a recognized expert in the generation of magnetic fields for applications including magnetic levitation and propulsion, Magnetic Resonance Imaging (MRI), and nuclear fusion confinement devices. His book on Solenoid Magnet Design, first published in 1969 remains a standard reference in the field. He is the author of more than 100 papers on magnet design, superconductivity, and a wide range of magnetic field applications. Prior to being Emeritus Professor of the prestigious MIT in 1996, Dr. Montgomery was the Associate Director of the Plasma Science and Fusion Center – the largest interdisciplinary on campus research center at the University. He was elected to the prestigious National Academy of Engineering in 1998.
PETER MARSTON, Ph.D.
President – Cambridge Water Technology LLC
Dr. Marston is the President of Cambridge Water Technology LLC, an affiliate of The Sandi Group, that developed the innovative CoMag water purification and treatment process. He has over 30 years experience in the development, design and commercialization of magnetic systems, including the first practical industrial HGMS systems. Following a long industrial career, which included several high-tech start-ups and leading Sala Magnetics, Dr. Marston joined MlT Plasma Science and Fusion Center as head of the Magnetohydrodynamics and High Energy Physics Technology groups. He is a full member of the prestigious International Academy of Electrotechnical Sciences.
ALI A. RIZVI, P.E.
President – United Design Engineers, P.C.
As President of United Design Engineers, P.C. (UDE), of which The Sandi Group is a major shareholder and partner, Mr. Rizvi assumes the administrative responsibilities of the office. He oversees the technical execution of each project and supervises the professional staff to maintain UDE’s quality standards at the highest level. Mr. Rizvi has over 30 years of experience in civil and utility design, construction management of subdivisions and community developments, highways, airfields, power plants, roadways and utilities, and rapid transit-related facility services. His responsibilities include the preparation of studies, preliminary and final designs, contract drawing and document preparation, cost analyses and estimates, as well as management of construction. He is registered as a professional engineer in several jurisdictions, and is a member of numerous technical societies and associations. Mr. Rizvi and UDE worldwide project experience include the New Hong Kong International City in Hainan, China; First Lahore Urban Development Project in Pakistan; Blue Plains Wastewater Treatment Plant in Washington DC; Upper Ping Basin Dams in Thailand; Housing Projects in Angola and Nigeria; Central Luzon Basin Water Resources Master Plan in the Philippines, Airbase Complexes in Saudi Arabia; Columbus International Airport in Ohio and Reagan National Airport in Washington DC; Anacostia and Southwest Freeways in Washington DC; and others.