Gerard J. Leimkuhler - Managing Partner Jerry is the Managing Partner of Berwyn Capital Interests. He has extensive experience in managing and revitalizing troubled and under-performing companies and reducing creditor exposure. He also collaborates with other prominent advisers in the turnaround and corporate renewal profession. Jerry has over 30 years of experience working in credit, analysis, and acquisition management in asset backed finance, including 20 years dedicated substantially to crisis management and restructuring work. He has substantial experience working with secured and unsecured creditors and investors in private and publicly held businesses, including those operating under bankruptcy protection. He has also served as the crisis/turnaround CEO, chairman or vice chairman of various troubled companies. Jerry's experience also includes positions with clients in healthcare, chemical specialty, entertainment, mortgage secured lending and resort and community development and finance, including the Oxford Finance Companies, Inc., West Coast Entertainment Corporation, Glen Ivey Corporation and General Development Corporation. He represented the Pension Benefit Guarantee Corporation in the Trans World Airlines bankruptcy, has been a financial advisor to the Resolution Trust Corporation, and has consulted for the Florida Department of Business Regulation. Jerry is a graduate of the School of Business at Temple University in Philadelphia. He is a founding director and treasurer of the Philadelphia chapter of the Turnaround Management Association, a member of the American Bankruptcy Institute, Healthcare Financial Management Association and the Urban Land Institute.

Gary M. Murphey, CPA, CTP  - Senior Advisor Gary is a Senior Advisor at Berwyn Capital Interests. He provides corporate restructuring and crisis management services to companies, creditors and trustees throughout the United States. Gary has over 20 years of experience working in financial examinations, turnaround and corporate recovery services. Gary's efforts have been directed at bankruptcy accounting, trustee assignments and turnaround management. Gary is frequently contacted by companies, financial institutions, and creditor groups to assist in turnaround, economic and valuation issues related to financially distressed companies. Gary has extensive experience in financial examinations and acquisition due diligence. He was a Director in the Corporate Restructuring practice at Arthur Andersen, LLP.  Gary has served as an arbitrator and his testimony experience includes Federal Bankruptcy Courts in Georgia, Alabama and Tennessee, and arbitration hearings and mediations. He has also served as a Trustee of Chapter 11 Cases in the Middle District of Tennessee. Gary is a graduate of the School of Business at The University of Tennessee and is a Certified Public Accountant and is one of fewer than 200 Certified Turnaround Professionals in the United States. He is a member of the Turnaround Management Association, the American Bankruptcy Institute, the American Institute of Certified Public Accountants, and the Georgia Society of Certified Public Accountants. James V. Marmorstone, Esq. - Senior Advisor Jim has over 25 years of chief executive experience managing financial subsidiaries for both Fortune 500 and mid-sized privately held corporations in the land subdivision, timeshare, campground, and banking industries. Loan portfolios serviced and managed exceeded $2.2 billion. He also has over 27 years of worldwide resort industry experience with a focus on legal and financial structuring, loan servicing and collections, reservations and back-office services, point program design, valuation, training, implementation and management. He has served as the trustee, custodian, escrow agent, servicer and/or auditor for numerous real estate and resort developments at the request of lenders and regulators. Jim has testified as a witness in bankruptcy proceedings and served on the Finance Committee of the American Resort & Development Association. Since 1997, he has been an Adjunct Professor in the Hospitality and Tourism Management  School of Florida International University with responsibility for educating both graduate and undergraduate students on Timeshare Management, Fractional Ownership and Mixed Use developments. Jim has graduated with a J.D. degree from Loyola Law School, a MBA degree from the University of Southern California, a BA degree in Economics and a minor in Industrial Engineering and completed numerous Intermediate and Advanced Accounting, Tax and Business Acquisition courses at the University of California, Los Angeles. Richard H. Mitterling – Senior Advisor   Rick is a seasoned and highly successful financial executive having spent over thirty years working for major commercial financial institutions in roles ranging from auditing and credit analyst to loan officer to a senior executive overseeing multiple lending units. During this time he has been continuously involved in lending to the resort timeshare and fractional industry and has seen the industry grow from its infancy to where it is today.   Rick’s recent focus has been working with developers on the creation and implementation of financial strategies as well as structuring and securing debt and equity. Previously he spearheaded Wells Fargo Foothill, Inc., a wholly owned subsidiary of Wells Fargo Bank, initiative to specialize in lending to the vacation ownership industry. Prior to that Rick was Group President of Special Finance with Textron Financial Corp. where he founded the Resort Finance Division to specialize in lending to the vacation ownership business. He grew this division to be one of the major lenders to the timeshare industry. Rick began his career in finance working for Aetna Business Credit Corp. (Now Bank of America Business Credit).   Some of Rick’s major accomplishments have been:   Built the largest commercial lending business to the timeshare industry from the ground up to a $1.5 billion asset business producing $40 million in operating profit.  Established Wells Fargo Foothill and Textron Financial Corp. as major lenders to the vacation ownership industry. This included the development of policies and procedures for loan procurement, underwriting, loan servicing and auditing.  Managed multiple lending divisions with combined assets of $2.5 billion producing net operating profit of over $50 million.  In additional to his resort initiatives Rick successfully spearheaded the formation of two other lending units that specialized in lending to the media and communication industry and the syndicated bank loan industry.  Rick currently serves on the American Resort Development Association’s Investment and Ethics Committees and is a board member of the ARDA International Foundation. He is also an ARDA Registered Resort Professional.   Prior to his career in finance, he served as an officer in the U.S. Army with overseas service in Vietnam. He earned a B.A. degree from Norwich University and an M.S. in Accounting from the University of Hartford.      Anthony A. Nichols, Sr - Senior Advisor Tony is Chairman Emeritus and Trustee of Brandywine Realty Trust (NYSE: BDN), one of the largest full-service, completely integrated real estate companies in the United States. Organized as a real estate investment trust (REIT), Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 43 million square feet. He was elected Executive Chairman of the Board in 1996, Chairman of the Company in 2000 and Chairman Emeritus in 2004.  Tony  founded The Nichols Company, a private real estate development company, through a corporate joint venture with Safeguard Scientifics, Inc. and was President and Chief Executive Officer from 1982 through August 22, 1996. This company merged with Brandywine Realty Trust and subsequently completed multiple major secondary public offerings.        Tony is a former member of the Board of Governors of the Mortgage Banking Association and a member of the Executive Committee of the Greater Philadelphia Chamber of Commerce. He is Vice Chairman and Trustee of Saint Joseph's University, his alma mater, and currently serves on the Executive Committee and as Chairman of the Development Committee. He is also a Board member of Fox Chase Bank (NASDAQ) where he is a member of the Audit, Risk Management and Executive Committees.     Tony was recognized as the Boy Scouts Man of the Year,  received The Marine Corps Semper Fidelis Award and was Business Man of the Year for Saint Joseph's University Erivan K. Haub School of Business.  Jack Thomas Tomarchio- Senior Advisor Jack brings over twenty-five years of experience in law, business and government to Berwyn Capital. He has worked as a commercial litigator and government affairs counsel in three national law firms, doing a diverse variety of legal work to include Resolution Trust Corporation litigation. He also founded and successfully led two consulting firms and worked for a number of years advising investors in numerous venture capital investments. Known for his hands on approach to solving complex problems, Jack has also worked at the highest levels of the US intelligence community where he was the Deputy Under Secretary of Homeland Security for Intelligence and Analysis Operations. In that capacity he supervised the roll out and operation of federal intelligence activities in state and local intelligence fusion centers throughout the nation. He is currently the President of Agoge Group, LLC, an operational consulting firm and serves on several corporate boards. Jack is a cum laude graduate of Pennsylvania State University. He also holds his Juris Doctor from Vermont Law School, a Master of Government Administration from the University of Pennsylvania and a Master of Strategic Studies from the United States Army War College. W. Joseph Duckworth - Senior Advisor  Joe is the President of the Arcadia Land Company, a leading Smart Growth Developer.  Arcadia is creating new urbanist and conservation development communities in Pennsylvania and Missouri. He is also President of Bryn Eyre, Inc. the general partner of Bryn Eyre, LP, which has purchased 3000 acres in Morgantown, PA to create a new town which is planned to include 12,000 homes and 5 Million square feet of commercial development. Arcadia has won recognition from the Delaware Valley Smart Growth Alliance for Bryn Eyre, Sadsbury Park and Dreycott Lane.  Arcadia is the only developer to have received three such awards. He was named NATIONAL BUILDER OF THE YEAR for 1992 by Professional Builder magazine. Joe was a member of the Chester County Planning Commission from 1992 to 2002 and served as its Chair for the most recent three years of his term.  He sits on the Board of Trustees of the Natural Lands Trust, 10,000 Friends of Pennsylvania, the Franklin Institute, and The National Constitution Center (NCC). He serves on the Board of Overseers for the Penn Design, the University of Pennsylvania’s School of Design   Joe is the former President and CEO of Realen Homes, a prominent builder of residential communities.  Under his stewardship, Realen grew to $100 million per year and expanded from its Philadelphia base into the Chicago market.    He was previously Executive Vice President and Chief Operating Officer of Toll Brothers.  He has a BS degree from Carnegie-Mellon University and an MBA from the Wharton School of the University of Pennsylvania.     Peter M. Brooke, Esq. -  Senior Advisor Peter is an experienced, Board-Certified Real Estate Lawyer (AV-rated by Martindale-Hubbell) practicing in South Florida for over 35 years. He has extensive knowledge in the areas of real estate acquisitions, sales, development and financing, condominium and homeowners association filings with Federal and State Agencies, entitlement procedures and real estate workouts. Peter has represented numerous major developers and lenders throughout his career. He has provided counsel to corporate officers in major acquisitions and complex problem transactions. Peter has represented clients in the financing of major land sales, resort and timeshare projects throughout the State of Florida. In addition, he has counseled numerous firms through bankruptcy proceedings and restructurings. Peter has graduated with a J.D. degree from Fordham University and a BA degree from Queens College. He has been a member of the Florida bar since 1971 and the New York bar since 1972. He is a past president a current board member of the National Land Council. He serves as a University of Miami Business School Mentor and has been a Lecturer at the University of Miami Institute on Condominium and Cluster Developments. John B. McCormick, -- Advisor Jack has over 30 years of financial management experience gained both in the practice of Public Accounting and as a Chief Financial Officer. He has extensive experience in general accounting, corporate banking, credit & collection, taxation, strategic planning, insurance, human resources, employee benefits and corporate administration. During the course of his career Jack has successfully managed such projects as: Established Credit and Collection department and procedures including the hiring of an experienced collection manager; directed the installation of a client/server system to provide networked word processing, file sharing, e-mail, calendar, Internet access and Microsoft Office tools; structured terms of private deferred compensation stock purchase agreement; participated in selection of retirement plan administrators and composition of plan features; automated extensive cost accounting system related to computation of producer compensation and performance analysis; financial forecasting and cash flow analysis related to multi-divisional corporate workout. Jack is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants (AICPA), the AICPA technology section and the Pennsylvania Institute of Certified Public Accountants (PICPA). He has served as a planner and speaker at the "Managing your Agency's Finances" seminar presented by the Council of Insurance Agents and Brokers. His Community involvement has included service as Board President of two large non-profit social service agencies. Murray D. August, MBA - Consultant Murray is a Middle Market Asset Based Lender with over 20 years and over $1.0 billion in transaction experience. He has strong analytical, portfolio management and work-out skills developed while managing a $100 million working capital asset based portfolio. He has a skilled understanding of the syndication market and developing fee income opportunities. Murray is experienced in strategic and business plan development while working at a high growth $300 million inventory finance business unit. Some of the highlights of Murray's career include originating new lending relationships $5-$30 million with middle market companies in the Mid-Atlantic region; branding the Asset Based Lending group in the Mid-Atlantic by developing a network of referral sources among accountants, investment bankers, attorneys, consultants and private equity investors; syndicated middle market commercial finance transactions $25-$300 million to meet division's fee income budget and target concentration objectives; sourced and cultivated numerous investor relationships in the broad based bank syndication market and developed and implemented a risk rating system for new investors. Murray is a graduate of Northeastern University with a Masters of Business Administration, dual concentration in Finance & Marketing, and of the George Washington University with a Bachelor of Arts, Economics. He is a member of The Commercial Finance Association, The Turnaround Management Association and The Association for Corporate Growth.