Our Team

ERIC S. SWARTZ is a principal owner of RCP and has 24 years of experience in the securities business. Mr. Swartz has been involved in leading and structuring over 130 private equity transactions in small-cap public companies. Prior to starting Roswell Capital Partners in 1994, Mr. Swartz was with American Wealth Management, Inc., from May of 1993 through March of 1994, and was a Vice President at Bear Stearns & Co. Inc., from December 1988 through May 1993 specializing in foreign institutional equity investments in U.S. securities. Prior to that, Mr. Swartz was a Vice President at Oppenheimer & Co., where he was involved in overseas placements of equity and debt for institutions in Germany, Austria, Switzerland, France, Australia and New Zealand.

MICHAEL C. KENDRICK is a principal owner of Roswell Capital Partners. Mr. Kendrick has 16 years experience in the investment banking, advisory and money management fields. As principal at RCP, Mr. Kendrick has been involved in leading and structuring over 130 private equity transactions in small-cap public companies. Mr. Kendrick has held business development positions with Electronic Data Systems (EDS) and McDonnell Douglas Corporation as well as engineering positions with Pratt and Whitney Aircraft and Harris Corporation. Mr. Kendrick earned his Bachelor of Science in Aerospace Engineering with honors from Auburn University in 1983 and an MBA from Embry Riddle University in 1985.

GLENN R. ARCHER is RCP’s Director of Analysts/Research. His main responsibilities
include the internal document reviews of private/public issuer clientele’s financial statements, SEC documents, and business plans. Prior to joining the firm in December, 1995, Mr. Archer was employed by SunTrust Bank - Atlanta. Mr. Archer began his career at SunTrust in January, 1992 as a Credit Analyst, and then Managing Analyst, responsible for 20 individuals writing Credit Memos, analyzing financial statements, and review the credit worthiness of SunTrust’s large corporate banking relationships. Mr. Archer received a BS in Management from the Georgia Institute of Technology in 1991.

CHUCK WHITEMAN is RCP’s Director of Equity Investments with primary responsibility for managing the firm’s client relationships and investing efforts. Mr. Whiteman has served in various capacities for the firm including Financial Analyst, Director of Private Placements, and Director of Corporate Finance. Prior to joining the firm in March, 1996, Mr. Whiteman was with SunTrust Bank Corporation. His positions held at SunTrust were Commercial Loan Officer, responsible for new business development in the Southeast U.S., Corporate Banking Representative and Credit Analyst. Mr. Whiteman received a BBA in Finance from Georgia State University.

PAUL GORSKI serves as a Senior Investment Officer at RCP with the task of deal origination. In his role, Paul’s responsibilities include identifying small to mid-sized public and private companies that meet the firm’s investment criteria. Paul has also been an active participant in the Structured Finance Market, assisting both public and private companies in raising capital through different financial vehicles. Mr. Gorski received his BBA in Management from Georgia Southern University.

THOMAS DAWE serves as a Senior Investment Officer and has over 22 years experience in the institutional equities, fixed income, and commercial lending industry. Mr. Dawe was a Senior Vice President in Institutional Equity Sales with the Prudential Equity Group from July of 2001 until joining RCP this past September. Prior to that, Mr. Dawe was a Vice President of Commercial Lending with the Bank of New York, ABN-Amro Bank and Rabobank Nederland respectively, structuring and closing over 150 senior debt transactions with middle-market and large corporate clients. Mr. Dawe earned his Bachelor of Arts & Sciences from the University of Virginia in 1981 and his Masters of Business Administration from the Colgate Darden Graduate Business School at the University of Virginia in 1984.

JOHN MCCARTY serves as a Senior Investment Officer with primary responsibility for deal sourcing and execution. Prior to RCP, John was a Vice President with Peachtree Equity Partners, a $110 million Atlanta-based private equity firm. At Peachtree, John was responsible for sourcing, structuring, executing, and managing growth capital investments into middle market companies. John also served as the interim CFO and as a Board member for several Peachtree portfolio companies. Prior to Peachtree, John spent five years in investment banking focused on mergers and acquisitions with The Breckenridge Group in Atlanta and CSFB/DLJ and Banc of America Securities in New York. During his career, John has completed numerous transactions as both a principal and advisor representing aggregate enterprise values of over $5 billion. John received a B.S. in Economics from the University of Pennsylvania’s Wharton School.

ERIC JACOBS serves as Senior Analyst at RCP and is primarily responsible for conducting due diligence on prospective investments and certain sales responsibilities. Prior to joining RCP in November 2006, Mr. Jacobs worked for KPMG Corporate Finance LLC, a middle-market investment bank focused on mergers and acquisitions and other financial advisory services. In this role, Mr. Jacobs executed sell-side mergers and acquisition deals, fairness opinions, and valuation opinions for companies in a wide range of industries. Mr. Jacobs began his career in the public accounting industry, having spent over eight years at PricewaterhouseCoopers performing audit, tax, and consulting assignments for a variety of middle-market and large public clients. Mr. Jacobs earned his Bachelor of Science in Accounting from Indiana University in 1991, his CPA certification in 1994 and his Masters of Business Administration from Georgetown University in 2003.

ADAM ISRAELOV serves as an Investment Officer/Analyst and is primarily responsible for originating deals and conducting due diligence on prospective investments. Prior to joining RCP in December 2006, Mr. Israelov worked for KPMG in their Financial Risk Consulting team with a concentration on identifying, measuring, and monitoring financial and business risks for large cap insurance and reinsurance companies. Mr. Israelov began his career at Marsh and McLennan Securities on the structured finance team with a focus on commercial asset backed securities. Mr. Israelov appeared on NBC and Donald Trump’s hit show “The Apprentice” where he finished in the final five. Mr. Israelov continues to stay busy in the speaking and media circuits addressing issues such as ethics in the boardroom. Mr. Israelov graduated magna cum laude and received a BBA from Georgia State University with a major in risk management and insurance.

CHAD McINTYRE serves at Director of Financial Operations and has over 13 years experience in financial management. In his role, Chad’s responsibilities include financial reporting and analysis. Prior to joining the firm, Mr. McIntyre served for four years as Associate Vice President and Director of Financial Operations for Healthcare Realty Trust in Nashville, TN and as Sr. Analyst with J.C. Bradford & Company for 7 years. Mr. McIntyre received his BBA in Accounting from Middle Tennessee State University.

Legal Department

P. BRADFORD HATHORN, ESQUIRE has been In-House Counsel since joining the firm
in April of 1995. During his tenure with the firm, Mr. Hathorn has been responsible for the legal structuring and documentation of over 100 private equity transactions for the firm. Prior to 1995, Mr. Hathorn was a member of the Pensacola, Florida branch of the AV rate law firm of Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A. (1992-1995), where he practiced general corporate, commercial, and intellectual property law, engaged in trademark, copyright, real estate litigation, and conducted business and real estate transactions. Mr. Hathorn has been a member of the Florida Bar since 1992 and the Georgia Bar since 1999. Mr. Hathorn received a BS in Mechanical Engineering from the University of Florida in 1983 (National Engineering Honor Society) after which he practiced as an engineer in the aerospace industry for 5 years with Pratt & Whitney Aircraft and GE Aerospace. Mr. Hathorn then earned his Juris Doctor degree from the University of Florida College of Law in 1992, graduating in the top 7% of his class with Honors. While in law school, Mr. Hathorn was a member of the Order of the Coif Honor Society and received Book awards for the highest test scores in the class for Tort Law and Criminal Law.

CARLTON M. JOHNSON has been In-House Legal Counsel since joining the firm in April of 1996. His responsibilities include general corporate, securities law, business litigation, and corporate governance. Mr. Johnson has been a member of the Alabama Bar since 1986, the Florida Bar since 1988, and the State Bar of Georgia since 1997. He was a shareholder in the Pensacola, Florida Bar Registered (AV rated) of Preeminent law firms, Smith, Sauer, DeMaria & Johnson from 1988-1996. In 1996 he was Vice President and President-Elect of the 600 member Escambia-Santa Rosa Bar Association. During 1993 through to 1996 he served on the Florida Bar Young Lawyers Division Board of Governors. Mr. Johnson earned a degree in History/Political Science, with high honors, at Auburn University in 1982 and Juris Doctorate at Samford University – Cumberland School of Law, with high honors in 1986. Mr. Johnson graduated in the top 5% of his class and was a member of the academic honor society, Curia Honoris. Mr. Johnson received 5 book awards in law school – having obtained the highest grade in Constitutional Law, Evidence, Corporate Law, Environmental Law, and Federal Civil Procedure. He has served on the Board of Directors for Peregrine Pharmaceuticals Inc. since 1999. He is the Chair of their Audit Committee, and has served in various positions for this emerging biotech company including assisting in business development and licensing, financing and general corporate governance. Since 2001, Mr. Johnson has served on the Board of Directors of Patriot Scientific, Inc. He is Chair of the Compensation Committee and serves on the Audit Committee, as well as the Executive Committee and is Patriot Scientific Co-Chair to the holding company for intellectual property licensing and enforcement.

Example Equity Transactions by the Partners of Roswell Capital include:

• Ancor Communications (acquired by Qlogic Corp Nasdaq NM: QLGC)
• Celgene (Nasdaq NM: CELG)
• Cellegy (Nasdaq NM: CLGY)
• Delta Petroleum (Nasdaq NM: DPTR)
• Patriot Scientific (OTC BB: PTSC)
• Peregrine Pharmaceuticals (Nasdaq SC: PPHM)
• Shopping.com (acquired by Compaq Computer)
• SuperGen (Nasdaq NM: SUPG)

Overview Roswell Capital Partners, LLC, a Georgia limited liability company, is a fund management company focused on private equity investments in small-cap publicly traded securities. Since 1994, its members have served in the Private Equity Markets as the Principal or Investment Banker for over 125 public companies The firm has a team of seasoned professionals with over 65 cumulative years of experience in the Private Equity Markets Roswell Capital’s Partners, Investment Team, in-house Analysts and in-house Legal Department have an emphasis on establishing long-term funding relationships; partnering with companies to the mutual benefit of each Target Investment Profile We are focused on investing in growing OTC BB and Nasdaq Small Cap issuers with solid fundamentals We are seeking to Invest $2,000,000 to $5,000,000 per tranche with companies seeking a long-term funding partner and a strategic partner to support its growth We are committed to investing in companies with strong management who have the ability to execute its business plan upon the receipt of growth capital Strategic Assistance Roswell Capital Partners can provide strategic assistance to its portfolio companies in the following areas: Strategic Guidance on implementation of the Company’s business plan Legal and Securities related matters Executive Management and Board Recruitment Introduction to: Public Relations/Investor Relations Firms which can execute a strategy for building and maintaining an active interest in your company within the financial community Corporate Relations Firms which can increase awareness of your company on Wall Street and to the investing public Auditors SEC Attorneys Market Makers Overview Roswell Capital Partners, LLC, a Georgia limited liability company, is a fund management company focused on private equity investments in small-cap publicly traded securities. Since 1994, its members have served in the Private Equity Markets as the Principal or Investment Banker for over 125 public companies The firm has a team of seasoned professionals with over 65 cumulative years of experience in the Private Equity Markets Roswell Capital’s Partners, Investment Team, in-house Analysts and in-house Legal Department have an emphasis on establishing long-term funding relationships; partnering with companies to the mutual benefit of each Target Investment Profile We are focused on investing in growing OTC BB and Nasdaq Small Cap issuers with solid fundamentals We are seeking to Invest $2,000,000 to $5,000,000 per tranche with companies seeking a long-term funding partner and a strategic partner to support its growth We are committed to investing in companies with strong management who have the ability to execute its business plan upon the receipt of growth capital