Donald M. Schaeffer has been a director of the Company since June, 2006. Mr. Schaeffer has extensive accounting and legal experience in real estate and tax. In 1982, he joined the accounting firm Kandel Schaeffer, in which he became an officer and owner. Through successor accounting firms, he became co-owner and President of Schaeffer & Sam, P.C. He graduated from the Wharton School, University of Pennsylvania, in 1972, and Columbia University School of Law in 1975. He is a licensed certified public accountant in the State of New York.