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Waypoint Technologies, Inc. <br /> Page 4 <br /> Log) has a much higher price point and doesn't include state or county base maps with <br /> • their product. Currently in the Minnesota market there are paper/vinyl lake maps <br /> available along with a WEB based subscription product which has a limited number of <br /> image only lakes available on their site. None of the WEB based competitors lake <br /> maps have any GPS (Lat/Long) capabilities and their site is extremely difficult to find. <br /> There are other lake map software competitors, however, these products vary in <br /> quality, function and price and only one of the competitors has a product for the <br /> Midwest fishing market. CD-Mapit has a large raster image only map database for the <br /> State of Wisconsin. Essentially this product has a set of 1400 Wisconsin <br /> DNR lake images on a CD-ROM. The only function this product has is the ability to <br /> display black and white low quality images and print each lake. Essentially all they <br /> have done is take a flat lake map, scan the map and put it on an image display software <br /> without any GIS correction for distortion or warping. <br /> MANAGEMENT: <br /> Mike Wood, President <br /> ID As one of the original founders Mr. Wood directed the development and release of the <br /> first MLS integrated GIS mapping software in the Real Estate industry. This <br /> established WayPoint as the leader in custom MLS mapping systems throughout the <br /> United States. Extensive knowledge of the real estate market and past experience as the <br /> President of the Saint Paul Area Association of Realtors in Minnesota, helped lead the <br /> way to promoting GIS mapping to Realtor Associations throughout the country. <br /> Past appointments by the Minnesota State Legislature include the Agency Law Review <br /> Committee, the Real Estate Property Tax Reduction Task Force Committee. Past <br /> business experience and education include Land Planning, Land Development, Land <br /> Surveys, Environmental Impact Studies with Professional Testimony, Registered and <br /> Licensed Landscape Architect and a BLA from the University of Minnesota. <br /> Jeff Edelstein — Vice President Corporate Development <br /> Mr. Edelstein founded WayPoint Technologies in the fall of 1992. Before working with <br /> WayPoint, Mr. Edelstein spent 8 1 years with CNS, Inc. designing and implementing <br /> mission critical intraoperative brain monitoring equipment for cardiac and <br /> neurosurgery, and clinical diagnostic equipment for the sleep lab. In total, Jeff <br /> designed and implemented five medical instruments for CNS before the company <br /> switched its charter to the BreathRight nasal dilator OTC family of products. <br />