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MANAGEMENT PROFILES

Key Officers

MICHAEL J. SIMON, Co-Founder, is CEO and majority owner of the Smart Systems group of companies, which develop and market proprietary technology for the acceptance of contactless bankcards at public transportation turnstiles and fareboxes. Before Smart Systems, Michael provided angel investments to ventures in New York and Japan. He has an extensive background in industrial real estate development, including science and laboratory uses. Michael lives in New York and Tokyo. He holds degrees from Columbia and Brown Universities.

MARTIN SILBERNAGL, CTO, has been developing and managing software and hardware for the past 20 years. Before holding the CTO position at the New York incubator and venture capital firm LC39, he owned and ran HCS, a project rescue consultancy with clients ranging from JPMorgan Chase to Avon and Gillette. Originally working in the field of video games, he has created titles for Microsoft, Viacom, Virgin, and others and helped take developer Wanderlust Interactive public on the NASDAQ. Born in Germany, he has lived in New York City for 11 years.

JAMES M. KOPLEY, CFO, has a track record in both turn around and start-up situations, including IPOs and acquisitions, with more than two decades of senior level experience in marketing, operations, finance and strategic planning. He holds series 7, 24, 27 and 63 securities licenses. He has worked for Citibank, ADP, and the international management consulting firm PA International and has founded several companies. He served as a Member of the NJ Investment Council, responsible for investment policy of $70 billion in state pension funds. He was appointed to Governor Whitman’s transition team, evaluated operations of two cabinet departments and made recommendations for cabinet-level appointments. A resident of Princeton, NJ, he has a BS from the George Washington University and an MBA from The Wharton School of Business.

Board of Directors

NATHANIEL POLISH, Ph.D. is President of Daedalus Technology Group, Inc., where his clients include Placecorp, Savos, deliverENow, Togglethis, JuniorNet, One Click Charge, Swatch, Instant Video Technologies, Inc./Burst.com, Assurenet, New Zealand Antarctic Project (NZAP) and US Antarctic Program (USAP), American Veterinary Identification Devices, Inc., Bannon & Co., Amprobe Instrument, Inc., and The Dun & Bradstreet Corporation. He has been Co-Founder, Director CTO and/or Principal Product Designer of I-Recall, Inc., Soliloquy, Inc., Simplicity Computing, Inc., Measurement & Control Products, Inc. Mr. Polish has a Ph.D. in Computer Science from Columbia University, where he has also lectured. He is author of many scientific publications and a professional litigation witness for AT&T v. Microsoft, Unisys v. Rockwell, KBT v. IBM, among others.

ADAM N. ATLAS, B.C.L., LL.B. (1997), is a lawyer admitted in Quebec and New York, with a roster of clients in card-transaction acquiring and banking. At Stikeman Elliott, he counseled principally knowledge-based clients on large mergers and acquisition transactions, science and technology contracts, anti-trust law and venture capital financing. Adam is the Legal Editor of The Green Sheet, the leading U.S. electronic transactions periodical, and the Editor in Chief of The Frontier Times, Canada's electronic transactions journal.