Janice L. Shields
 Managing Director
 AB Albertus Magnus College, MBA The Stern School of Business at New York
 University, ALM Harvard University

Mrs. Shields specializes in mergers and acquisitions, capital raising and restructuring, and financial advisory services. She is also president of Shields Securities, Inc., an NASD broker/dealer and Registered Investment Advisor firm.  She is a former vice president in the corporate banking groups of Irving Bancorp and Citicorp.  She was also an investment officer with Cabot, Cabot, and Forbes, Boston.  Mrs. Shields is currently president of the Boston Chapter of the Association for Corporate Growth and serves on the boards of private companies.

E-mail: jshields@shieldsco.com     v-card

 Richard W. Newman
 Managing Director
 AB Bowdoin College, MS The Stern School of Business at New York University

Mr. Newman directs the valuation and fairness opinion practice at Shields & Company, where he also assists clients in buy- and sell-side transactions. He has over twenty-five years of experience in mergers and acquisitions, business valuations and valuation-related consulting, and has served as an expert witness for several New England-based companies. Mr. Newman previously managed his own corporate finance activity, specializing in the valuation of businesses. Prior to establishing his own business, he was the Director of KPMG Peat Marwick's New England Mergers and Acquisitions Group.

E-mail: rnewman@shieldsco.com     v-card

 Laura M. Moruzzi
 Managing Director
 BS Babson College

During her career at Shields & Company, Ms. Moruzzi has gained extensive professional experience working on a variety of corporate finance transactions for both public and private clients. In addition, she has worked on a broad range of projects including middle-market mergers and acquisitions, capital raising, hostile takeover defenses, fairness opinions, and business and intellectual property valuation assignments.

E-mail: lmoruzzi@shieldsco.com      v-card 

 Timothy M. White, CFA
 Managing Director
 BS Babson College

Mr. White has developed a broad range of transaction experience focusing on middle-market mergers and acquisitions, divestitures, capital raising, and valuation assignments. Prior to joining Shields & Company in 1998, Mr. White was an associate with TM Capital Corp., a New York-based investment banking boutique. He began his career as a financial analyst with Barclay Bank's BZW division in the high-technology group. Mr. White holds the Chartered Financial Analyst designation.

E-mail: twhite@shieldsco.com     v-card

 Eric M. Zink
 Vice President
 BA Middlebury College

Prior to joining Shields & Company in 2003 as an analyst, Mr. Zink worked in the Private Wealth Management group at Mellon Financial Services. He received an undergraduate degree from Middlebury College with a concentration in Economics.

E-mail: ezink@shieldsco.com     v-card

 Austin S. Olney
 Associate
 BA Connecticut College

Prior to joining Shields & Company, in 2005, Mr. Olney worked as a fund accountant at Investors Bank and Trust Company. He received an undergraduate degree from Connecticut College with a concentration in Economics.

E-mail: aolney@shieldsco.com     v-card

 Jonathan P. Conelias
 Analyst
 BS Bentley College

Mr. Conelias joined Shields & Company in 2007.  He received an undergraduate degree from Bentley College with a concentration in Finance and Economics.

E-mail: jconelias@shieldsco.com     v-card

SHIELDS & COMPANY, INC. 890 WINTER STREET WALTHAM, MA 02451
Phone: 781-890-7033 Fax: 781-890-7034 Website: www.shieldsco.com