43, President and Director. Nyon, Switzerland. Mr. le Corre is founder of Nascendo. Previously, Mr. Le Corre was vice-president with Merrill Lynch Capital Markets AG, where he served as investment banker and financial advisor in Geneva, Switzerland. Prior to that he was an account manager with Bank of Nova Scotia in Geneva, Switzerland. Mr. le Corre holds a Master's degree in finance and management and a Bachelor of Corporate law from Paris University, France. He speaks English and French and has working knowledge of Italian.

66, Director and Nascendo's Company Secretary. Geneva, Switzerland. Mr. Berberat is co-founder of Nascendo and was a manager with Alma Capital. Mr. Berberat started his international career with the UBS in Basel, Switzerland, followed by a 4-year stay in New York. He then became a member of the UBS Swiss Investment Committee in Lausanne, Switzerland, for 5 years. In 1970 he was hired by PaineWebber and subsequently became Senior VP and Manager in Geneva, Switzerland. In 1992 Mr. Berberat decided to venture out on his own, and since then has run several financial companies, and created 3 mutual funds with Banque Pictet in Luxembourg. Mr. Berberat holds a Security Analyst diploma FROM NEW YORK INSTITUTE OF FINANCE and speaks English, French, German, Italian and Russian.

40, Vice President in charge of business development. Geneva, Switzerland. Mr. Haddad has served various companies during the past five years as consultant. He applied his expertise in management consulting, business plan development and budgeting. He is the founder of Sogest Engineering, a company active in consultancy and coaching of start-ups. Mr. Haddad has been a technical consultant for Nestle where he reorganized its maintenance operations. He also developed a technology transfer concept to add value for the European Nuclear Research Center ("CERN"). In addition, Mr. Haddad has a 10 years experience as a consulting engineer for structure computing and organization of projects in Switzerland. Mr. Haddad graduated as an engineer from the Federal Institute of Technology in Lausanne, Switzerland and obtained a MASTER OF SCIENCE in management of technology from the University of Texas at Austin, Texas, and the Ecole des Hautes Etudes Commerciales in Lausanne, Switzerland. Mr. Haddad speaks French, English, Arabic and has working knowledge of German.

37, Vice President in charge of finance. London, U.K. Mr. Darracq was most recently a director in charge of private equity investment at INVESCO Europe Asset Management. Mr. Darracq has 12 years experience in the field of private equity, Venture Capital investment and corporate finance in London. Prior to INVESCO, he was a senior banker at the European Bank and a Manager at Hill Samuel Corporate Finance (now Close Brothers). Between 1992 and 2000, Mr. Darracq was a director of several companies in which he invested and was responsible for over US$ 300 millions of investment in a portfolio of 25 established and start ups companies. He is a graduate of Paris Grande Ecole Institut National d'Agronomie with a MASTER OF SCIENCE in Biology and Finance, an individual member of Investment Management Regulatory Organization and is fluent in French and English.

28, Associate in charge of finance and accounting. Geneva, Switzerland. Mr. Pidoux was auditor with Arthur Andersen where he specialized in industry, finance and Government Agencies. He holds degrees in political sciences from the Geneva University and in International Relations from the Graduate Institute of International Studies in Geneva, Switzerland. Mr. Pidoux speaks French, English, German and Italian.

34, Vice President is in charge of IT development and consulting. Geneva, Switzerland. Mr. Santander spent 5 years with Compac, Geneva, a company active in micro and nano technology. In addition, he has a 5 years experience in network and system management. Mr. Santander graduated as an engineer at the Ecole d'Ingenieurs in Geneva, Switzerland. He speaks French, Spanish, Portuguese and English.