Finistar Corporate Info

Finistar is a fixed rate cash management solution, offering easy and stable access to capital for community banks and FDIC insured and competitive rates to our depositors.

Depositors have traditionally traded returns for liquidity and market risk. Now depositors can enjoy a unique blend of CD level returns, high liquidity, and FDIC insured deposit with the Finistar offering. Finistar has positioned itself to be the innovative leader in Insured Deposits.

This table shows the Finistar offering relative to other cash management options (based on June 2006 published rates):

Depositors such as pension fund managers, trustees, clerks of the court, non-profit organizations, money market portfolio managers, credit unions, insurance companies and private individuals have a new alternative to manage cash that is more secure, daily liquid without sacrificing returns. In addition, depositors may call their money at any time using the Finistar's patented web-based technology.

Finistar receives cash deposits through our custodial bank from Finistar depositors. Community banks request these funds from Finistar using Finistar's secure web-based technology (see Figure 1). Finistar then allocates funds to these community banks using the same online technology. Allocations are made to stay within the FDIC limits on insured funds of $100,000 per account per bank (or $250,000 per sub-account for qualified retirement plans). Finistar offers competitive rates to depositors while providing liquidity and FDIC insurance.

Each community bank may receive up to $100,000 per depositor account. In the case that depositors have sub-accounts the community banks may receive up to $100,000 per sub-account (or $250,000 per sub-account for qualified retirement plans) to stay within the FDIC insurance requirements.

Finistar's patent-pending web-based technology enables each stake holder to securely and seamlessly interact with Finistar. Depositors can make deposits, make withdrawals, request reports and monitor their funds real-time through secure transactions in their web browser. Community banks can request funds, generate reports and receive transaction audits using the technology. The custodial banks and Finistar keep detailed secure transaction audits and meet regular reporting requirements.

The Federal Deposit Insurance Corporation ("FDIC") administers the Savings Association Insurance Fund ("SAIF"), the insurance fund for deposits in thrifts, and the Bank Insurance Fund ("BIF"), the insurance fund for deposits in banks. All deposits made by depositors are insured by either SAIF or BIF.

Management Team

Kim B. Winslow, FINISTAR's President/CEO. Mr. Winslow also serves on the board of FINISTAR as its Chairman. Mr. Winslow has 28 years executive management, entrepreneurial, and technical experience including Chevron Geosciences, United Energy Resources, and Convest Energy Corporation. He founded and successfully merged four related companies into U.S. Environmental Group, Inc., a national engineering, and consulting firm which he served as President/CEO from 1986-1997. In 1997, he founded with Tully Ryan, Broad Street Software Group, a software technology firm, and was President/CEO from 2002-2004. In 2003 he co-founded FINISTAR, Inc., and has served as FINISTAR's CEO since that time. During this period he has been responsible for the development of the business model, corporate governance, equity investment, software development, patent applications, hiring the management team, strategic alliances, and evolution of FINISTAR into a fully operational company that is currently seeking to expand nationally. He graduated with a BS from the University of Florida in 1978. Mr. Winslow serves on the BOD of Broad Street Software Group, TireWare, CharitEnet, and U.S. Environmental Group.

David D. Butler, CFP®, CFSC - Senior Vice President of Banking Network. Mr. Butler has 20+ years experience in the Trust and Investment Management field, including relationship and portfolio management, wealth management sales, risk assessment and compliance management, financial analysis, and auditing. He has experience as a Trust and Investment Manager Division head, Chief Operating Officer in a private trust company, as well as experience in managing operations and corporate trusts in a regional bank setting. David also was a National Trust Examiner with the United States Comptroller of the Currency. David is a Certified Financial Planner and Certified Financial Services Counselor. He has a Masters in Trust and Investment Management from Campbell University as well as a BBA from Campbell University. David is also an honors graduate of the American Bankers Association National Graduate Trust School. David has been a faculty member of the Southeastern Trust School since 1991 and is a director and past president of the Trust Education Foundation of Campbell University. He currently holds his series 7 and 63 securities licenses.

Dionne van Zyl PhD, MBA, BSc (Eng), BA, VP of Business Development. Dr. van Zyl has served as Chairman and CEO of three different technology companies in the financial services industry spanning an 11-year period. He led the development of groundbreaking technology in e-commerce, raising significant capital and developing new markets. Dr. van Zyl started his career in the development of electronic warfare systems in his native home of South Africa. He has extensive international business experience in strategic planning, mergers, joint ventures, and international transactions in the United States, the British Isles, Europe, East Africa, and South Africa. He has invested in a wide range of companies in technology development, and real estate development. He has made his home in Atlanta since 1994, where he, his wife, and four children are active members of the community. In 2002, he and his family became American citizens.

Paul G. Glenn, Vice President of Depositor Sales. Paul has extensive experience with local government sales and banking having been VP of Governmental Finance at Branch Banking & Trust Company (BB&T) from 1995-2003 - originating and underwriting local government financings throughout NC, VA & MD. His annual production averaged $80-100 million during his tenure. From 1991-95 he was with the NC State Treasurer, Local Government Commission, as a Financial Analyst to over 600 units of local government throughout NC. He oversaw the authorization of debt financing through installment purchase agreements, GO bonds, and COPs - $2.3 billion in debt authorization to NC local governments. Also he was a Branch Manager/Assistant Treasurer at Central Carolina Bank and Trust from 1986-90. He has an MBA from Florida State University and holds Series 7 and Series 64 securities licenses.

Victor Briabrin, CTO/CIO, Mr. Briabrin is an IT professional with more than 30 years experience including working with government and commercial organizations in the United States, Austria, Germany, Eastern/Central Europe including the United Nations' International Atomic Energy Agency. He has command of a wide range of technologies including, client/server and web-applications, object-oriented design, Oracle, SQL Server, and Sybase, data warehousing, expert systems, and team leader for the popular electronic game Tetris. He holds a Ph.D., in Computer Science from Lebedev Institute of Computer Technology in Moscow, and participated in the scientific exchange program at MIT Computer Science laboratory and Stanford University's Artificial Intelligence Laboratory. Mr. Briabrin is a contract employee from Finistar's technology partner Broad Street Software Group, Inc.

Dawn Bunch, MBA, BSc (Eng), BS, Operations Manager, Ms. Bunch is responsible for the day to day operational issues of Finistar including; transactions, reconciliation of accounts, reporting, and oversight of new account set-up. In addition she oversees Program Management of IT Staff including; scope of work, personnel allocation, milestones, testing and status reporting. Prior to joining Finistar in 2005 Ms. Bunch was AVP Operations with Finistar's technology partner Broad Street Software Group (2003-2005) where she was directly involved in operational support for customized development of inventory management and procurement software applications. Previous experience includes procurement and as an import buyer for Channel Master, a satellite systems manufacturer, and Weyerhaeuser, in the pulp and paper industry. Ms. Bunch has a BS in Chemical Engineering (1998) and an MBA from North Carolina State University (2001).

Chuck Skinner, Principle Systems Architect. Mr. Skinner oversees all customization and integration of all software applications and solutions. Mr. Skinner combines 20 years of industry, laboratory, university, and government experience in managing programs including Department of Energy's National Renewable Energy Laboratory, Lawrence Livermore National Laboratory and CH2M Hill. He holds a B.S. in Mechanical & Environmental Engineering from Duke University and a MBA in Finance and Operations Management from Northwestern University. Mr. Skinner is a contract employee from Finistar's technology partner Broad Street Software Group, Inc.

Board of Directors

FINISTAR's Board of Directors consists of Kim B. Winslow, Leslie A. Nicholson, Esq. and Tully M. Ryan.

Leslie A. Nicholson, Esq. FINISTAR's Consultant/General Counsel, also serves as a Director of FINISTAR. Mr. Nicholson, a lawyer, was a member of the Management Committee and Chaired the Litigation Department at Shaw Pittman, an international law firm with offices in Washington, D.C., New York, Los Angeles, and London, now known as Pillsbury Winthrop Shaw Pittman. From 1996 to 2002, he was Executive Vice President and General Counsel of Chevy Chase Bank, a $12 billion bank head quartered in Bethesda, Md. While at Chevy Chase Bank, Mr. Nicholson was active in the American Bankers Association, serving as the Vice Chair of its Fraud Prevention Task Force and as a member of the Administrative Committee of the ABA's Government Relations Council. Upon leaving the bank in 2002, Mr. Nicholson co-founded Kenwood Capital, LLC, a start-up investment fund. Mr. Nicholson received his Bachelor of Arts from Louisiana State University and his Juris Doctorate from Vanderbilt University School of Law.

Tully M. Ryan, in 1995 Mr. Ryan founded BROAD STREET SOFTWARE GROUP, a provider of customized Artificial Intelligence software solutions and in May of 2006 he was appointed President/CEO of TireWare, Inc. a majority subsidiary of BROAD STREET. Mr. Ryan also serves on the board of BROAD STREET and its subsidiaries. In 1993 Tully helped co-found FINISTAR with Mr. Winslow. Mr. Ryan initially assisted with the organizational, patents and financial aspects of FINISTAR's founding. Mr. Ryan has been featured in various industry publications and has been a guest speaker at various conferences. He holds a B.S. in Geology from East Carolina University. Mr. Ryan serves on the board of directors of the North Carolina Economic Education Council. Mr. Ryan sits on The Walter R. Davis School of Business & Economics Advisory Board at Elizabeth City State University and most recently was elected to the East Carolina University Board of Visitors.

Finistar currently has two custodial banks namely, State Street Corporation and Gateway Bank & Trust Company, Inc.

State Street Corporation

With $9.5 trillion in assets under custody, $1.4 trillion under management (as of 12/31/04), and 200 years of operating experience, State Street serves as the company's national custodian and is a world leader in financial services.

To meet the specific needs within the state of North Carolina, Gateway Bank & Trust Company, Inc. provides custodial services with regard to depositor funds. Gateway, headquartered in Elizabeth City, North Carolina, is a regional bank servicing customers in North Carolina and Virginia with total assets of $1 billion.