2008 Annual Meeting
April 16-18, 2008
Baltimore's Inner Harbor

Tremont Plaza Hotel
222 St. Paul Place
Baltimore, MD 21202
(410)-727-2222

April 2008 Meeting Presentators
Brad Davidson * Bob Arzt * Donald Blanton
BACK TO ANNUAL MEETING INFORMATION

Brad Davidson, President of SPARDATA
(The closely held business evaluation company)
www.spardata.com
“Key Ingredients for Sales Success with Small Business Owners”

Brad Davidson is President of Securities Pricing And Research, Inc. Since 1991 SPARDATA has evaluated thousands of non-traded securities worth millions of dollars for owners, CPAs, attorneys, government institutions and many of the nation's largest financial service firms.

He is a recognized expert in the valuations field. Organizations which have invited Mr. Davidson to lecture including the Internal Revenue Service, the Securities and Exchange Commission, the North American Securities Administrators Association, the Department of Labor, the Federal Financial Institution Examination Council, the Federal Reserve, the Michigan Bankers Association, the Virginia Bankers Association and the American Society of Pension Actuaries. The Company's valuation reports have been cited on numerous occasions by the Wall Street Journal as well as other publications.

A 1977 graduate of St. John's College, Mr. Davidson has worked on Capitol Hill for a United States Congressman (1977-1980); as a stockbroker with Merrill Lynch (1981-1983) and with Prudential Bache (1984-1986), where he was promoted to Vice President/Investments. In 1986 he formed the predecessor firm to SPAR. Until 1991 he engaged in a broad range of partnership related activities; since then SPAR's sole business has been the production and sale of valuation reports.

Mr. Davidson lives in Annapolis, Maryland with his wife and two children. He is a Captain in the United States Army Reserve. In 1981 he became the youngest person ever elected to the Annapolis City Council; he was reelected without opposition in 1985. In 1987 Governor William Donald Schaefer appointed him Chairman of the State Commission on the Capital City, a position he continues to hold. In addition, Mr. Davidson is a Director of Microsemi Corporation of Santa Ana, California, a publicly-held manufacturer of electronic products; and serves on the boards of non-profit organizations in Maryland and New York.

In December 1995, Mr. Davidson was featured on two 20-minute segments of "Skylink", a broadcast educational service beamed to over 600 community banks by the American Bankers Association. In the first segment, he discussed valuation regulatory requirements. The second segment covered technology solutions to the problem.

Background in the Securities Industry. Mr. Davidson began his career in the securities industry in 1981 as an Account Executive with Merrill Lynch, Pierce, Fenner & Smith in Annapolis, Maryland. In 1983 he joined Prudential-Bache Securities as an Associate Vice President, Investments. In 1984 he was promoted to Vice President/Investments. At both Merrill Lynch and Prudential-Bache he specialized in direct participation programs including real estate, oil and gas, and equipment leasing partnerships.
In 1986 Mr. Davidson left Prudential-Bache in order to form Securities Pricing And Research, Inc. ("SPAR"), and to engage in a broad range of partnership related activities.

Expert Witness. Mr. Davidson has been recognized as an expert witness by the National Association of Securities Dealers arbitration boards; and has provided expert testimony in a variety of disputes.

Active in the Community. Mr. Davidson graduated with a Bachelor of Arts degree from St. John's College in Annapolis, Maryland in 1977. He is a Captain in the United States Army Reserve and presently serves as Chairman of the State Commission on the Capital City, to which he was appointed by the Governor of Maryland. He previously was elected twice to the Annapolis City Council, serving from 1981 to 1987.

In addition, Mr. Davidson served a Director of Microsemi Corporation of Santa Ana, California, a publicly-held manufacturer of electronic products from 1984-2002; and serves on the boards of non-profit organizations in Maryland and New York.