Preferred Spectrum Investments' Management Committee is made up of seven Class B Members who are also shareholders, noteholders and warrant holders in Preferred Communication Systems, Inc. ("Preferred"). Together they plan to help fund the build-out of a 4G wireless network in Puerto Rico and the continental U.S. BIOS Michael Judy serves as PSI's President. Mr. Judy is one of Preferred's initial investors and held an 800 MHz SMR General Category license in Mayaguez, Puerto Rico, which he sold to Preferred in 1998. He recently worked as a finder for Preferred (2007-2008) and a finder and marketing representative for Smartcomm License Services, LLC and PSI. Prior to serving in such capacities, Mr. Judy owned and operated businesses relating to the Industrial Electronics, Automation and Control, and Car Racing industries. He also has participated actively as a real estate investor and operates his own Professional Race Team. Paul Tucker is one of Preferred's initial investors and held an 800 MHz SMR General Category license in San Juan, Puerto Rico, which he sold to Preferred in 1998. He also held 800 MHz SMR GX licenses in Charleston, South Carolina and Greenville, South Carolina. Through his participation in Third Mobile, Ltd., he owned an equity interest in Chadmoore Wireless Group, Inc., a publicly-traded company that owned and operated several thousand 800 MHz SMR General Category licenses located in over 100 markets. He presently owns an interest in Delta Communications, LLC and Clearwave Communications, LLC. He served as a pilot for United Airlines from 1965-2003. During this period he also served in management positions for several businesses and has been an active real estate investor. From 1956-1977 he served as a U.S. Navy pilot. Paul graduated from Long Island University in 1963 with a B.A. He majored in both Russian Studies and Political Science. Ken Fry is a Preferred investor and held an 800 MHz SMR General Category license in San Juan, Puerto Rico, which he sold to Preferred in 1998. He also held 800 MHz SMR GX licenses in Portland, Maine, Montgomery, Alabama, Augusta, Georgia, Barabo, Wisconsin, Charleston, South Carolina, Greenville, South Carolina, Jackson, Mississippi and Key West, Florida. He sold all but the Key West, Florida license to Chadmoore Wireless Group, Inc. in the early to mid-1990s. During 1998-2000, Ken worked as a Senior Programmer/Analyst for Copeland Company, a commercial bank. From 2000 to 2010 he worked as a Senior Programmer/Analyst for GUND, Inc., a toy/gift distributor. Linda Allen serves as PSI's Treasurer. She also is a Preferred investor. She is following in the footsteps of her father, C. Robert Allen , who began as an investor in Bravo Cellular Holdings, LLC. In 2001, Bravo Cellular sold its constructed and operating cellular system in RSA North Carolina 15 -- Cabarrus for $118 Million. Robert continued his investments in PCSI, PSI and Smartcomm, LLC, including stocks, warrants, notes and site licenses in New York City and Los Angeles. Linda inherited her father's investments upon his death in April, 2009. Like her father, she is excited to be a part of this growing industry. Linda has purchased additional licenses in San Diego, CA and Louisville, KY along with other investments. Linda attended Palomar College and received her degree in Mortuary Science in 1986. She is a licensed embalmer and funeral director and president of Allen Brothers Mortuary, Inc., which was founded in 1964 by her father and his brother Frank W. Allen. Alan Pelton is a Preferred investor. He participated as an investor in Bravo Cellular Holdings, LLC, a Nevada limited liability that participated in the FCC's RSA cellular lottery conducted during 1988-1990. It was awarded the A Frequency Block license for RSA North Carolina #15 -- Cabarrus, a market adjoining Charlotte and Greensboro-Winston Salem in which 455,000 people resided. In 2001 Bravo Cellular sold its constructed and operating cellular system to Verizon Wireless for $118 million. Since 1993 he has owned Squeekee Squeegee, a cleaning services company. Alan graduated from San Diego State University in 1973 with a B.S. degree. He majored in Child Development. Michael Scott is a Preferred investor. He participated in Bravo Cellular Holdings, LLC, a Nevada limited liability that participated in the FCC's RSA cellular lottery conducted during 1988-1990. It was awarded the A Frequency Block license for RSA North Carolina #15 - Cabarrus, a market adjoining Charlotte and Greensboro-Winston Salem in which 455,000 people resided. In 2001 Bravo Cellular sold its constructed and operating cellular system to Verizon Wireless for $118 million. Since 2006, Mr. Scott served as Vice-President, Active Products for Mouser Electronics, Inc., a global distributor of electronic components. In such capacity he is responsible for global business relationships with suppliers of electronic components and leading a team of supplier product managers. From 1998-2006, he served as Corporate Sales Director for Freescale Semiconductor, Inc. In such capacity he served in various sales and sales/marketing roles including responsibility for a significant portion of its global distribution network and its policies, procedures and contracts. Michael graduated from DeVry University in 1984 with a BSEET degree. Carole Downs serves as Company Secretary. Ms Downs owns First Award Real Estate Company, a real estate brokerage firm in Phoenix, Arizona. During 1971-2007 she worked as a real estate broker in the Phoenix metropolitan area. In late 2007 she co-founded and is a principal owner of Smartcomm, LLC (www.smartcommllc.com), an Arizona limited liability company that provides FCC license application preparation services and a variety of business and financial advisory services to client companies seeking to acquire 700 MHz, 800 MHz, 900 MHz and 1.9 GHz Band licenses either through the FCC's public auctions or purchases in the secondary market. Through a network of finders, marketing representatives and consultants, Smartcomm seeks to raise equity capital and arrange debt financing both for its client companies and its own account.