Mr. Obus has co-managed with Mr. Landes Wynnefield Partners Small Cap Value L.P. since its inception in November 1992, Wynnefield Partners Small Cap Value L.P. I since its inception in July 1997 and the Wynnefield Small Cap Value Offshore Fund since its inception in January 1997. His principal responsibilities are as Chief Investment Officer. From February 1990 until September 1992 he was Research Director of Schafer Capital Management, Inc. and Schafer Cullen Management, Inc. Prior thereto, Mr. Obus worked at Lazard Freres & Co., for eight years as an Analyst, Account Executive and Research Director in its institutional sales department. Before coming to Wall Street, Mr. Obus worked as an educator and land manager in the environmental field. He taught natural history for the Massachusetts Audubon Society and was Director of Interpretive Services for the Massachusetts Department of Environmental Management, beginning in 1977.