Secretary, Director and Corporate Counsel

BIOGRAPHY OF DAVID L. KAHN

David L. Kahn's past positions include President of StableGate.com, Inc., Corporate Counsel-President and CEO of L.F.P., Inc., a $250 million magazine publishing and distribution company, and Assistant to the President of Avnet, Inc. A Fortune 300 company. His prior experience also includes six years legal counsel with ITT, three years with Union Carbide Corporation, and one year with Mattel Inc. During his tenure as President and CEO of L.F.P. Inc., Mr. Kahn increased the company's pre-tax income by more than $7,000,000 annually, from a loss of more than 4 million to a profit of more than 3 million.

Mr. Kahn's education includes a B.S., Magna Cum Laude from the Wharton School of Finance and a LL.B from Harvard Law School. While at the law school, Mr. Kahn won the Bull & Bear Club's investment contest for two consecutive years. Mr. Kahn's senior thesis in college was the "Profit Potential of Selling Short Warrants on the American Stock Exchange Six Months Prior to Expiration".

Some of David Kahn's past responsibilities have included:
Assistant to the President, responsible for analyzing and recommending the business decisions in various areas, including investment and dispositions; Group Controller, responsible for approving gross margins, net income, and deviations from standard policies.; Group Asset Manager, responsible for controlling the levels of receivables and inventories and for maximizing cash flow and return on assets.; Group Business Plan Coordinator, responsible for the consolidation of the unit business plans and the preparation of group strategies for maximizing cash flow, growth rates and return on assets.
Mr. Kahn joined
Market Timing Systems, Inc. in 1999.

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