PIPEs Tapa dura - 2005

Steven Dresner is publisher of The PIPEs Report (www.pipesreport.com), the first publication dedicated to providing news, information, and analysis of private investments in public equity. Formerly, Mr. Dresner was a vice president in the investment banking group at Ladenburg Thalmann & Co., a top-performing placement agent for PIPE transactions as ranked by independent sources. Mr. Dresner was also chairman and chief executive officer of the telecommunications company and software developer VCOM Corporation. In addition to publishing The PIPEs Report, Mr. Dresner is publisher of The Small Cap Report (www.smallcapreport.com), a monthly research publication focused on small- and micro-cap equity analysis and market trends and The Reverse Merger Report, a quarterly focused on the business of shell mergers and SPACs. As president of DealFlow Media, Mr. Dresner also produces one of Wall Street's largest annual events, The PIPEs Conference.

E. Kurt Kim is the founder and chief executive officer of PrivateRaise, LLC (www.PrivateRaise.com), the leading research consultancy for comprehensive market intelligence and analysis pertaining to private placements of equity and equity-linked securities executed by public companies. PrivateRaise.com was awarded Forbes's 2002 Best of the Web designation in the Financial Content Provider category. Mr. Kim has spent the past decade in various advisory and deal-making capacities within the financial-services sector.