Launched in 1999, Creditntell.com is a retail credit consulting firm monitoring public and private retailers across several sectors, including apparel, auto parts, electronics, mass merchandise, home center sporting goods, and department stores, among others. Headquartered in Great Neck, NY, Creditntell.com is a privately held company affiliated with Information Clearinghouse, Inc. (ICI) through common principals and officers. The three key executives of Creditntell.com collectively have over 100 years of credit and insolvency management experience and, as such, the Company is uniquely positioned to provide a perspective superior to other financial reporting services.

The Creditntell Team
LAWRENCE SARF Chief Executive Officer
larrys@creditntell.com 800-789-0123 Ext. 102

Lawrence Sarf has over 40 years of hands-on, practical experience in numerous retail industries. Larry's experience and industry knowledge has made him a recognized and respected expert in financial, operational, marketing and insolvency matters. He has served as a consultant and/or advisor to creditors' committees in both bankruptcy-law and out-of-court settings and has participated in well over 1,000 insolvency proceedings. He has been formally appointed as operating receiver and Bankruptcy Advisor in a number of proceedings, including several high-profile cases in the New York area. Larry's intimate knowledge of the ins and outs of insolvency cases gives him a unique ability to spot the signs of a troubled company heading for a reorganization and impart that knowledge to subscribers. In many instances, Larry's insights have afforded subscribers the ability to avoid "costly" involvement in Chapter 11 case filings.

KEVIN SLACK President
kevins@creditntell.com 800-789-0123 Ext. 103

Kevin Slack's areas of expertise are in the retail and wholesale food and drug industries, where he spent 25 years in senior credit management positions with Sterling Drug Co. and Ward Foods. While in these positions, he gained extensive experience in all facets of the order cycle, including Credit Risk, DSO, Deductions/Dilution and Bad Debt Best Practice receivable process improvements, as well as A/R Systems implementation and integration. Kevin was an industry peer group leader in food, health and beauty care and pharmaceuticals. Kevin served as chairman of the National Health & Beauty Care Credit Group, as a member on the Trade Relations Committee of the NHBCG and the National Food Manufacturers Credit Group, and was a co-founder of the National Candy and Tobacco Manufacturers Credit Corp.

STEVEN DOVE Executive Vice President / President - F&D Reports
steved@creditntell.com 800-789-0123 Ext. 121

During Steve Dove's 25-year career with Borden, Inc. (a multi-national conglomerate), he gained extensive knowledge of virtually all facets of treasury, from finances and credit/receivable management to distribution and marketing. In addition, Steve participated in bank facility negotiations, M&A activity and rating agency presentations, and was active on the board of directors of several national trade credit groups, including the National Food Manufacturers Credit Group where he served as vice chairman of the Trade Relations Committee and vice chairman of the Claims Committee, and the National Chemical Credit Association.

DENNIS CANTALUPO MBA, Chief Operating Officer - Creditntell
dennisc@creditntell.com 800-789-0123 Ext. 110

Before joining Creditntell, Dennis began his career with Chase Manhattan Bank's Corporate Bond Underwriting group. In this position, Dennis helped high-profile corporations raise needed capital through the issuance of debt instruments. Since joining the Creditntell analyst team in May 2000, Dennis has conducted in depth analyses of high-risk companies and has been especially instrumental in the continued development of Creditntell's products & services. In his current role as Chief Operating Officer, Dennis manages the day-to-day operations of Creditntell, including the analyst department, product development, marketing, and web development. Dennis is frequently invited to speak at numerous retail industry group meetings including: International Council of Shopping Centers, Toy Industry Association, National Consumer Products Credit Group, Athletic Credit Exchange, Golf Manufacturers Credit Group, Outdoor Products Manufacturers Group, and others. Dennis received a BS in Finance from the University of South Florida and his MBA in Accounting from Colorado Technical University.

CHUCK LeWINTER Vice President of Sales & Marketing
chuck@creditntell.com 800-789-0123 Ext. 150

When Chuck joined Creditntell.com, he brought with him over 25 years of sales and marketing experience. As a previous owner of a sportswear manufacturing company, Chuck has maintained relationships with the leading department stores, mass merchants and specialty retailers throughout the country. He has firsthand knowledge in all areas of "compliance," including chargebacks, deductions, freight, packaging, assortments and markdowns. Chuck has served on a creditors' committees and fully understands the demands and challenges of a credit department. His comprehensive understanding of all products and services at Creditntell.com have contributed greatly to Creditntell.com's growth.

ANTHONY LOBOSCO Senior Vice President, Marketing
anthony@fdreports.com 800-789-0123 Ext. 113

Tony spent 25 years with the Bell System in various positions in sales, marketing, product management and personnel. As director of sales and marketing, he was responsible for managing several Fortune 500 companies' telecommunications needs and overseeing a revenue stream of over $25 million. He began at F&D Reports in 1996 in customer service, for which he visited customers nationwide and gathered critical intelligence. Tony has since spearheaded many of the Company?s new product introductions, such as its Credit Executive Study Program, Customer & Market Insights and Hot Market reports. He is responsible for servicing a portion of F&D's national account portfolio.

ALBERT FURST MBA, Chief Operating Officer - F&D Reports
albertf@creditntell.com 800-789-0123 Ext. 147

Albert joined F&D Reports/Creditntell.com as a Senior Financial Analyst in 1998. As Chief Operating Officer, today Albert oversees the daily operations of F&D Reports and the analyst department. He has been the lead analyst in the Food Sector and grocery space since 2001 and is responsible for analyzing high-risk accounts, overall retail coverage and products as well as a client liaison. Albert was previously with The Chase Manhattan Bank, where he headed up the multi-billion dollar cash management operations of its Franklin Templeton Mutual Fund relationship. Albert received a BS in Accounting from Binghamton University and an MBA in Corporate Finance from Hofstra University's Frank G. Zarb School of Business.

MICHAEL BLACKBURN MBA, CCM, Vice President
mikeb@creditntell.com 800-789-0123 Ext. 131

Prior to joining Creditntell.com, Michael had over 10 years of corporate treasury and risk management experience in the manufacturing, service and retail industries. Immediately prior to joining Creditntell.com, Michael was responsible for all the treasury management and financial planning functions with a retail golf company then in Chapter 11, and also managed that company's financial and vendor relations during its reorganization. Michael is responsible for monitoring the food and drug retail segments as well as conducting educational and training programs for customers, covering various financial topics and retail segments. Michael received his MBA from the University of Colorado at Boulder and a BS in Finance from the State University of New York at Albany.

ROBERT MARZO President - ARMS
robertm@fdreports.com 800-789-0123 Ext. 173

Robert Marzo joined F&D Reports as a financial analyst in June 2004. Prior to joining F&D Reports, Robert gained experience as a business analyst at a Fortune 500 Company where he provided business support in various areas, including the preparation and submission of monthly and year-end P&L reports. Robert is now the Director of Credit, overseeing the daily operations of the credit department, including managing the website, developing products as well as client relations. Robert is also the head analyst of the foodservice segment. Robert graduated from Stony Brook University with a degree in Economics and Business.

DAVID SILVERMAN MBA, JD, CPA, Vice President - Creditntell
daves@creditntell.com 800-789-0123 Ext. 119

David joined ICI as a Financial Analyst in September 1995. Previously, David was a financial analyst for Data Broadcasting Corporation, a provider of business financial information. At Data Broadcasting, David was responsible for budgeting, cash flow, variance and merger and acquisition analysis, including evaluation of debt financing alternatives. At F&D Reports, David monitors the electronics and home center industries. David helped develop the Company's Credit Executive Training Program and has conducted several of the seminars. David has also prepared Debt & Covenant Analyses on monitored companies. David received a BS in Management and an MBA in Accounting from the University of Florida.

AMY O'CONNOR Controller
amy@creditntell.com 800-789-0123 Ext. 111

Amy has been with ICI since the Company was launched in 1992. Her degrees in accounting and business administration enabled her to become an integral part in the development of the accounting department, and she implemented and monitored numerous internal accounting policies and procedures. Amy is responsible for all finance, personnel and IT accounting activities within the organization.

JESSICA SHUSTERMAN President - Research
jessical@creditntell.com 800-789-0123 Ext. 109

A graduate of Columbia University, Jessica joined Creditntell in June 2000. With almost a decade of experience, she has acquired extensive financial research, writing and editorial skills, primarily within the food and drug sectors. Jessica's editorial pieces can be found in the Company's weekly newsletters, and she is a primary contributor to Private Retail Drug RxTRA Reports.

JOSEPH COSTELLO Chief Information Officer
josephc@creditntell.com 800-789-0123 Ext. 112

Joseph Costello serves as Chief Information Officer of Information Clearinghouse Inc., providing overall technology leadership for the corporation and its businesses and working with business management to expand the application of effective technology solutions across the enterprise. Joseph brings to our organization over 18 years of global information technology experience with Fortune 500 companies like Citigroup and McGraw-Hill, and across several industries including financial, education, publishing and information services.

HAROLD CITRON MBA, Senior Analyst
haroldc@creditntell.com 800-789-0123 Ext. 132

Harold joined Creditntell.com as a Senior Financial Analyst in August of 2002. Previously, Harold spent seven years as an equity analyst on Wall St., starting at Value Line Inc. and then working for several firms covering the retail and apparel industries for institutional and individual investors. Prior to that, he was employed at Itochu International Inc. a Japanese general trading company, where he was involved importing and exporting textile products. He received a MBA from the Olin School of Business at Washington University in St. Louis, and a BBA in international trade from the George Washington University.

JAMES RICE Vice President - Creditntell
jimr@creditntell.com 800-789-0123 Ext. 127

Jim joined Creditntell.com/F&D Reports as a senior analyst in February 2007, bringing with him 30 years of credit industry experience. Previously, Jim was an equities analyst for Susquehanna Financial Group and spent 14 years as an EVP of Bernard Sands. Jim also worked in various credit capacities in the factoring industry. At Creditntell.com, Jim monitors Mass Merchandisers and Department Stores. Jim received his BA from Hunter College and did his post-graduate studies at St. John's University.

JEFF CORPIEL Senior Analyst
jeffc@creditntell.com 800-789-0123 Ext. 129

Trained at a major money market center bank, Jeff has 30 years experience as a credit professional, performing complex credit analyses in areas that support the lending function. During his last ten years in banking, he joined Loan Review, where he worked with bank management to analyze different types of loans. Most recently, he served as a senior analyst for the home center industry, a role he continued upon joining Creditntell in May 2007. Jeff received a BA from City College of New York.

MICHAEL INFRANCO Senior Analyst - Food Retail and Wholesale, Convenience Stores
mikei@fdreports.com 800-789-0123 Ext. 126

Prior to joining F&D Reports, Michael served in various analytical capacities during a 20 year career at Standard & Poor's where he was responsible for designing and managing financial models, providing investment recommendations, and performing financial valuations and research necessary to rank portfolios of stocks. In addition, Michael played a key role in developing and implementing new products and content for their equity research group. Michael received his MBA from Regis University in Denver and a BBA in Finance & Investments from Baruch College, City University of New York.

GARY WEBER Senior Analyst
garyw@fdreports.com 800-789-0123 Ext. 152

Prior to joining F&D Reports in early 2015, Gary was a finance manager in the payments industry. He has also been a director of finance in the software industry, where he was responsible for analyzing performance results as well as forecasting expected financial results. In addition, he spent several years as a biotechnology equity analyst and has been a business analyst in the pharmaceutical industry, where he evaluated products, product lines, and companies for potential acquisition. As a Senior Analyst at F&D, Gary covers pharmaceutical wholesaler/distributors and healthcare companies as well as deep discount retailers and mass merchandisers. Gary received a BS in Biology from Cornell University and an MBA in Finance from the University of Rochester.

JESSE LEE Retail Analyst
jessel@fdreports.com 800-789-0123 Ext. 114

Jesse joined F&D Reports in September 2013. His coverage includes the restaurant, movie theatre, and specialty retail segments. Previously, Jesse was an investment research analyst at a wealth management group, creating investment solutions for his clients. He received his BA in Finance from Villanova University.

ALAN LEE Retail Analyst
alanl@fdreports.com 800-789-0123 Ext. 146

Alan joined F&D Reports as a Retail Analyst in April 2014. He covers multiple companies in retail and wholesale food with an emphasis on the healthy living space as well as Canadian food coverage. Alan received a BS in Finance and Accounting and a MS in Accounting from the Stern School of Business at NYU.

RAMONA DRACEA Analyst
ramonad@creditntell.com 800-789-0123 Ext. 124

Ramona joined F&D Reports as a financial analyst in February 2008. Since joining our team, she has gained extensive industry expertise and proved a valuable addition to our analyst department. Ramona received a BA in Finance & Investments from Baruch College, City University of New York. She is a member of the Golden Key International Honor Society and is actively involved in the not-for-profit finance and investments activities of Baruch's Wall Street Club.

JENNIFER COLEMAN Project Analyst
jenniferc@creditntell.com 800-789-0123 Ext. 122

Jennifer joined Creditntell.com in 2003 as a member of the sales department, where for several years she successfully met client needs and gained vast knowledge of all aspects of the business. Because of her understanding of the financial industry, Jennifer seamlessly shifted to the Analyst Department. In addition to preparing Monthly Sales Reports, Quarterly Retail Sales Reports, Executive Reviews, and a number of other Creditntell products, she plays a key role in the development and maintenance of the Company's websites. Jennifer earned her bachelor's degree from St. John's University.

MARYELLEN COLLOM Operations Manager
maryellenc@creditntell.com 800-789-0123 Ext. 125

Mary Ellen joined the Company as an analyst in October 2000, after working in banking, credit and accounting roles across various organizations. She has taken a lead role in developing operational efficiencies, integrating financial software and creating new products such as the Executive Review. In 2006, she was promoted to Operations Manager, where she now oversees daily operational issues, SEC filing reviews, new project initiatives, training and website quality control issues. Mary Ellen graduated with high honors with a BS in International Business from Johnson & Wales University.

LORI ZIEGLER Sales Representative
loriz@creditntell.com 800-789-0123 Ext. 148

Before joining the Creditntell sales team and completing her educational programs, Lori made a name for herself in the real estate community, heading up the sales team for a National Title Insurance Company. Lori has become an integral part of Creditntell.com's customer service initiatives and sales efforts.

CASSANDRA KASPARIAN Director of Research
cassiek@creditntell.com 800-789-0123 Ext. 136

A graduate of the University of Pennsylvania, Cassandra Kasparian has over ten years' experience as a writer, editor and web developer within a variety of organizations, including a literacy research center at a major university, a management consulting firm and an insurance company. Since joining F&D, Cassandra has been a key member of the research team and has taken a lead role in the production of newsletters and reports as well as contributed to the Company's web development initiatives.

MARY BETH MULLARKEY Research Analyst
marybethm@creditntell.com 800-789-0123 Ext. 188

After developing her writing and editing skills as an undergraduate at York College of Pennsylvania, Mary Beth joined the Research Team at Creditntell in June 2008. Since then, she has been responsible for the content of weekly newsletters and reports, including the Foodservice Sector Newsletter and Foodservice Sector Reports. She is currently the primary contributor to monthly Strategic Growth Insights and Customer & Market Insights reports.

JULIE HAN Executive Assistant
julieh@creditntell.com 800-789-0123 Ext. 130

Julie joined Creditntell as Executive Assistant in March 2007. Julie's exceptional customer service and organizational skills are fully utilized in her role as Assistant to the Vice President. She also is responsible for performing website usage analysis, managing database records, updating case files, and providing vital support for the sales team. Julie earned her bachelor's degree from New York University.