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Chairman/CEO / COO / CFO New Business Development / Operations / Corporate Strategic Planning / Strategic Partnerships Performance Turnaround / Mergers

& Acquisitions / Capital Raises * Established record of entrepreneurial success and corporate contribution as a leader in multiple industries. Strong general management talent founded two-tech nology start-ups, re-engineered turnaround in distribution, and managed smooth m erger transition and integration for manufacturing industry. Chairman of the Board for Laurus and board member for First step not-for-profit organization. * Business verticals include technology, manufacturing, wholesale distribution, construction, public accounting, and B2B services industries with multi-function al and multi-market background, including accounting, finance, marketing, sales, human resources, taxes, mergers and acquisitions, and strategic planning. Key c ontributions include: Directed technology services start-up and drove to profit yearly, with sales in excess of $65 million with a total of 85 employees. Created flexible business model in support of $65 million business in technolog y services. Lead organization-wide process re-engineering to transition from loss to profit . Directed merger integration of $18 million business acquisition for public comp any. Wrote private placement memorandum for sale of private company stock and prepar ed S-1 for public company. * MBA, Lake Forest Graduate School of Management, 1995 B.G.S., Computer Science, Roosevelt University of Chicago, 1988 BBA, Accounting, Loyola University of Chicago, 1980. CPA Illinois SELECTED ACCOMPLISHMENTS Two Technology company start-ups, revenue growth, and successful sale in seven y ears for the first one and the second is currently in operation Wrote strategic plans for each company and evaluated plan each year. Evaluated technology for s trategic fit to companys niche markets. Managed all functional areas, and develo ped programs to retain 99% workforce for seven years. Developed and maintained c ritical financial, supplier and distribution relationships to ensure positive ca sh flow and debt free yearly. Managed and negotiated successful sale of the comp any. Wrote private placement memorandum for sale of private company stock Developed extensive documentation of business plan, market analysis, risk assessment, and offering details. Prepared SEC filing per governmental requirements. Merger & acquisition in technology services industry Developed and executed tra nsition strategy for $18 million company integration for a major subsidiary acqu isition whose management team had departed. Performed due diligence and risk ana lysis on target company prior to acquisition. Reduced operating cost by 15% in s ix month period and completed successful integration. John E. Udelhofen Page Two

Performance turnaround of a wholesale paper distribution company - Led company-w ide process and productivity improvements to increase sales by 20% annually. Res tructured company financing, increased inventory turns by 33%, and reduced headc ount by 20%. Managed multiple changes to product and service offering Worked with several ve ndors, service providers and other technical resources to develop offerings acro ss multiple industries. Being three years in front of customers requires though t leadership. Established critical strategic relationships for start-up of successful technolo gy business Engaged product vendors Sun Micro Systems, Oracle, HP, EMC, SAP and others to create new service offerings for customers. Aligned distribution chan nels with product and services plan. Created multiple asset base lending allianc es with bank and credit agencies in support of business growth. Strategy impleme ntation and alliances took business from startup to $65 million run rate. Structured bond offering Key member of management team preparing $55 million bo nd offering for a build out of a compact disk manufacturing company. Performed a udit and legal due diligence. Prepared red herring and final review for company presentation. CAREER SUMMARY Founder/CEO/CFO/COO, Laurus Technologies, Inc, 1999 to present. Wrote strategic plan. Established all critical financial, distribution, and strategic vendor rel ationships, raising $1.35 million startup capital. Implemented and managed opera tional infrastructure for this technology solution service company. Have managed growth into three states and to a current level of employment of 75 persons. C urrently, company is a $65 million company with profitability achieved in each o f the last nine years. Osage Systems Group, Wood Dale, IL, 1998 to 1999. Grew business unit revenues fr om $18 million to $28 million for this value added reseller of Sun Micro Systems hardware with sales in excess of $100 million. General Manager. Analyzed acquisition candidates. Implemented an internal matrix organization structure for managing internal and external customer expectations . Director of Strategic Projects. Managed and implemented the financial system for the entire organization including Lawson financials, sales force automation and project and resource management tools. Prepared the company wide sales compensa tion plan. Founder/CFO, Open Business Systems, Wood Dale, IL, 1991 to 1998. One of the foun ding partners of this $18 million Sun Micro Systems value added reseller with em phasis in systems integration/custom application development shop using Java. Ma naged sale of company to Osage Systems Group. Consultant/Controller, Runge Paper Company, Elk Grove Village, IL, 1991 to 1996. Led the evaluation of all business processes to drive performance turnaround. ( Note: Runge was a client of Open Business Systems and I worked at both)

John E. Udelhofen

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Corporate Accounting Manager, Quixote Corporation, Chicago, IL, 1986 to 1991. Pr

epared and consolidated financial statements, 10k, 10q, annual reports and tax r eturns. Analyzed all merger and acquisition activity. Performed due diligence re views. Consolidated and coordinated company wide benefits programs, handled busi ness insurance vendors. Controller, David Berg, Chicago, IL, 1986. Handled all day-to-day accounting fun ctions for this $32 million retail food manufacturer. Internal Audit Supervisor, Fansteel, Inc. North Chicago, IL, 1981 to 1986. Assis ted in the start-up of audit function and planning, managing and communicating o perational, financial and EDP audit for this $265 million manufacturer of steel products. Established internal reviews d irectly saving the company $30K in audit fees. Staff Auditor, Bansley & Kiener, CPA, 1980 to 1981. Performed financial audits, review and compilations, at banks and small manufacturing companies, for this pu blic accounting firm. TEACHING SUMMARY Lecture at UIC Certificate in Business Planning program for small businesses, t opics include strategic planning and change management. 2009 to present. Adjunct faculty, College of DuPage, 2001 to present. Teach courses on Introduct ion to Business, Entrepreneurship and Small Business Management. Adjunct faculty, Aurora University, Dunham School of Business, 2004 to 2008. Ha ve taught Finance in the graduate program and undergraduate programs. Adjunct faculty at DeVry and Northwestern Business College, 1992 to 2000. Taugh t all accounting related courses, including economics and business math.

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