Unless otherwise directed, the persons named in the enclosed Proxy intend to cast all votes pursuant to proxies received for the election of Stewart Reich, Yossi Attia, Gerald Schaffer, Michael Mustafoglu, Darren C. Dunckel
and Mace Miller (collectively, the "Nominees").
...Darren C. Dunckel, age 39, from 2006 to the present, has served as President of Emvelco RE Corp., a Nevada corporation and former subsidiary of the Company ("ERC").As President, he oversees management of real estate acquisitions, development and sales in the United States and Croatia where ERC holds properties.From 2005 to the present, Mr. Dunckel has been President of Verge Living Corporation, a Nevada corporation ("Verge") and wholly owned subsidiary of ERC (f/k/a The Aquitania Corp. and AO Bonanza Las Vegas, Inc.). In connection with this position, Mr. Dunckel oversees management of the Verge Project, a 318 unit 30,000 sq ft commercial mixed use building in Las Vegas, Nevada.
The Company was the initial financier of the Verge Project.Concurrently, Mr. Dunckel is the Managing Director of The International Holdings Group Ltd. ("TIHG"), the sole shareholder of ERC and as such manages the investment portfolio of this holding company.Since 2004, Mr. Dunckel is the President of MyDaily Corporation managing the operations of this financial services company.Prior to 2004, from 2002 through 2004, Mr. Dunckel was Vice President, Regional Director for the Newport Group managing the territory for financial and consulting services.From 2000 to 2002, Mr. Dunckel was Vice President, Regional Director for New York Life Investment Management consulting with financial advisors and corporations with respect to investments and financial services.Mr. Dunckel
has entered into various transactions and agreements with the Company on behalf of ERC, Verge and TIHG
(all such transactions have been reported on the Company filings of Form 8Ks).On December 31, 2006, Mr. Dunckel
executed the Agreement and Plan of Exchange on behalf of TIHG
which was issued shares in ERC
in consideration for the exchange of TIHG
's interest in Verge
.Pursuant to that certain Stock Transfer and Assignment of Contract Rights Agreement dated as of May 14, 2007, the Company transferred its shares in ERC
in consideration for the assignment of rights to that certain Investment and Option Agreement, and amendments thereto, dated as of June 19, 2006 which gives rights to certain interests and assets.Mr. Dunckel
has represented and executed the foregoing agreements on behalf of ERC, Verge
as well as executed agreements on behalf of Verge
to transfer 100% of Verge.