Alan
P. Donenfeld is President of Bristol Investment Group, and General
Partner of Bristol Capital Partners, a private equity firm. Mr. Donenfeld
has assisted on over $2 billion of financing and acquisitions of high
growth companies in the Internet, telecommunications, software and
information technology industries. Prior to establishing Bristol in
1990, Mr. Donenfeld was Vice President in the Merger and Acquisitions
Group at Bear, Stearns & Co. Inc. in New York from 1987 to 1990 where
he directed numerous acquisitions, valuations, fairness opinions and
exclusive sale representation. Prior to working at Bear Stearns, Mr.
Donenfeld managed the Principal Investment Group at E.F. Hutton from
1985 to 1987. Prior to joining Hutton, Mr. Donenfeld helped establish
Quadrex Securities Corporation, where he assisted in raising a leveraged
buyout fund. Mr. Donenfeld started his career at Cowen and then at
Schroders. Mr. Donenfeld graduated with honors from Tufts University
in 1979 with a BA in Economics and received his MBA from the Fuqua
School of Business at Duke University in 1981, where he was a member
of the Investment Policy Committee.