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SeQuin Hospital Bed Corporation <br /> • Page 6 <br /> Mr. Singleton received his undergraduate degree in business from the University of <br /> Colorado. He holds a MBA from Regis University, graduating with honors. He has <br /> taught at both the graduate and undergraduate levels in business at the University of <br /> Phoenix and Regis University. He current serves on the Board of Directors of the <br /> Colorado Medical Device Association (CDMA). <br /> Jack W. Payne, Executive Vice President and Secretary <br /> Mr. Payne has extensive experience in the medical device industry. Mr. Payne worked <br /> 19 years as a Vice President with Baxter International in sales, marketing, and operations. <br /> This tenure also included wide-ranging experience in the areas of dealer relations, <br /> government controls and regulatory affairs. <br /> Mr. Payne has also held executive positions in several other medical companies and <br /> serves on the board of two public companies. He holds an undergraduate degree from <br /> DePaul University and completed the Executive Management program at the University <br /> of Virginia. <br /> COMPANY NEEDS: <br /> Personnel: <br /> The Company anticipates that it will be hiring an additional 7 persons during the first <br /> year of operation. This will increase as follows: <br /> Year l - 7 <br /> Year 2 - 20 <br /> Year 3 - 35 <br /> Year 4 - 56 <br /> Year 5 - 85 <br /> The Company anticipates paying between $8.00 - $12.00 per hour depending on local <br /> labor conditions. It also plans to offer benefits and an employee stock plan. <br /> • <br />