BOARD OF DIRECTORS

Patricia Palmer Chairman and CEO

Patricia Palmer brings more than 25 years of general management, sales/marketing, financial and operational experience in leading technology companies, together with financial experience developed more recently at Littlebanc Advisors, Morgan Stanley, and Oceana Partners. Ms. Palmer has led technology start-ups as well as units/brands for some of the most respected companies in the world. Her technology experience has included leading a Silicon Valley software start-up group, XSoft, which sold over 9 million licenses,  and executive roles as: Northeast Regional Sales Manager for Dell Corporation; COO, Global Telecommunications Group for Unisys Corporation; Vice President/General Manager of Publishing Software for Xerox Corporation; and over 15 years with IBM Corporation where she held management roles in sales, marketing, and finance, including the role of Senior Manager of Worldwide Marketing & Product Management for the IBM PC and Branch Manager of a $400+ million sales office. Ms. Palmer is a member of the Advisory Board of the Florida Institute for the Commercialization of Public Research.

Michael Margolies Director

Michael Margolies has more than 25 years of capital markets experience. During his long career, Mr. Margolies has been involved in hundreds of transactions as both a seller and a buyer of company equity and assets. Mr. Margolies started his career on the floor of the New York Stock Exchange before moving up to manage long/short discretionary accounts worth hundreds of millions of dollars for both Oppenheimer and Company and M.A. Berman & Co., a boutique money management and brokerage firm. In 1995, Mr. Margolies founded Avalon Research Group, Inc., one of Wall Street’s top-rated independent research companies with more than 100 hedge fund and mutual fund clients. In addition to being founding member of Investorside Research Association, a non-profit trade association of investment research providers not engaging in investment banking, Mr. Margolies served as CEO of Avalon until its sale in 2004. Currently, Mr. Margolies serves as CEO of Littlebanc Advisors, a boutique investment banking firm he founded in 2009.

Kevin J. Gadawski Director

Kevin J. Gadawski, CPA, CVA, Managing Director, Littlebanc Advisors, has more than 20 years of financial, operations and sales experience.  Prior to joining Littlebanc, Mr. Gadawski was the President of NL Strategies, Inc., a consulting firm that delivered financial and operationalleadership to companies across a variety of industries, as well as provided forensic analysis services for both valuation and forensic accounting matters.  Prior to founding NL Strategies, Mr. Gadawski was President of First Check Diagnostics, LLC, a successful medical device company.  While at First Check, Mr. Gadawski obtained regulatory clearance for new and unique products, expanded distribution with all major retail accounts, grew revenues more than 350% more than 350%, and negotiated the sale of the company to a key supplier at nearly seven times ROI. Mr. Gadawski also served as President of Worldwide Medical, Inc., where he developed and implemented a turnaround plan leading the company out of bankruptcy to financial solvency, ultimately culminating in the sale of the company at nearly two times investor dollars in less than 18 months. In addition to his executive leadership at medical device companies, Mr. Gadawski is a seasoned financial professional and has held Chief Financial Officer roles at several public companies. Mr. Gadawski holds a B.S. degree in Accounting from Northern Kentucky University and is a Certified Public Accountant and a Certified Valuation Analyst.