Salvatore Zizza

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Description


Salvatore Zizza was appointed by the Board of Directors as the Chief Executive Officer of the Registrant effective December 23, 2009. Mr. Zizza, our new Chief Executive Officer, is 64 years old and had no prior relationship with the Registrant or any officers, directors or employees of the Registrant other than as a consultant to the Chairman of the Board of Directors. Mr. Zizza served as the President and Treasurer of Initial Acquisition Corp., from 1992 until March 1997, at which time Initial Acquisition Corp. merged with Hollis-Eden Pharmaceuticals, Inc (Hollis-Eden) and has served as a member of the board of directors of Hollis-Eden since March 1997 and the non-executive Chairman of the board of directors since March 2009 . Mr. Zizza is presently Chairman of Metropolitan Paper Recycling, Inc. and also the Chairman of Bethlehem Advanced Materials. Mr. Zizza was President and Chief Financial Officer of NICO Construction Company, Inc. until 1985, when NICO merged with The LVI Group, Inc. Prior to joining The LVI Group, Inc., Mr. Zizza was an independent financial consultant and had been a lending officer for Chemical Bank. Mr. Zizza?s current and former directorships include: The Gabelli Equity Trust (NYSE), The Gabelli Asset Fund, The Gabelli Growth Fund, The Gabelli Convertible and Income Securities Fund, The Gabelli Utility Trust Fund (NYSE), The Gabelli Global Multimedia Trust (NYSE), The Gabelli Equity Series Fund, The Gabelli Dividend and Income Trust, The Gabelli Gold Fund, the Gabelli International Growth Fund, The Gabelli Global Gold Natural Resources, Westwood Funds, Earl Scheib Inc (NASDAQ), and St. David?s School. Mr. Zizza received a B.A. in Political Science and an M.B.A. from St. John?s University. On January 8, 2010, the Company?s board of directors named Salvatore J. Zizza to fill a vacancy on the board. Mr. Zizza has served as the Company?s Chief Executive Officer since December 23, 2009.

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