Managers and Directors: newAX, Inc.

Manager	Title	Age	Since
John C. Loring CEO	Chief Executive Officer	73	01/01/1988
David Zlatin PSD	President	66	-

Director	Title	Age	Since
Howard Amster BRD	Director/Board Member	78	07/12/2009
John C. Loring CHM	Chairman	73	01/01/1988
David Zlatin BRD	Director/Board Member	66	-

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newAX, Inc. is a distributor of interconnect products and services. The Company's wholly owned subsidiary is AVest, Inc. As of March 31, 2008, the Company had not generated any revenues. On September 2, 2008, it acquired certain assets of RAD Electronics, Inc., a designer and manufacturer of electro-mechanical parts and systems.

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