FUTREX ® Board of Directors

Ernest J. Berger
Board Member Ernie Berger, a past President of FUTREX, brings to the Board his considerable experience and relationships in business, education and the public sector. Mr. Berger has served as a member of the Board of the Washington Metropolitan Area Transportation Authority, which operates bus and rail transit systems in the D.C. metropolitan area, and as an elected member of the Board of Supervisors of Fairfax County, Virginia, one of the nation's largest counties. He has over 30 years of service in the telecommunications industry, having worked for AT&T, C&P Telephone, and later Bell Atlantic. Mr. Berger has served as a Vice President of George Mason University, and Assistant Dean of its School of Business.

Richard K. Gregory
Board Member Dick Gregory has developed broad management and manufacturing expertise during his distinguished 30-year career with the Electric Boat division of General Dynamics. Prior to founding and becoming president of Charleston Marine Manafacturing Company (CMMC), a key member of the FUTREX Consortium, Mr. Gregory served as General Manager of Electric Boat's Charleston nuclear submarine facility. He is active in a number of organizations in greater Charleston including the Charleston Regional Development Alliance and was the principal architect of the successful proposal to convert the Charleston Naval Complex to commercial use.

Anthony C. Stout
Board Member Anthony C. Stout is Co-Chief Executive of First Asia Transit Partners, Ltd. After receiving a juris doctorate from Harvard Law School, he practiced law with Milbank, Tweed, Hadley and McCloy in New York City from 1965 to 1969. In 1969, he founded and until 1986 was Chief Executive of the National Journal Group of companies in Washington specializing in publication of non-partisan analytical information regarding government and politics in the United States. In 1987, Mr. Stout founded and until 1998 was Chief Executive of Government Investment Management Corporation, a closed end investment fund which was part of an $800 million fund managed by Baker Nye Greenblatt LLP of New York. In conjunction with his investment work at Government Investment Management Corporation, he became an adviser to government officials in Malaysia and the Philippines and became familiar with the needs and resources of Asian governments. Mr. Stout formed First Asia Transit in 1998 to introduce System 21 to Asian governments and investors.

Byron E. Waldman
Board Member Byron Waldman also serves as FUTREX President and Chief Executive Officer, bringing the benefit of 35 years of experience in the transportation industry. Building his expertise in both the public and private sectors, he has held senior staff positions in the U.S. Department of Transportation and with the U.S. Senate Budget Committee. He also served for seven years as a member of the Commonwealth Transportation Board of Virginia, which makes all major transportation policy and funding decisions in the state, where he chaired the Budget and Finance Committee. Mr. Waldman was Assistant Vice President of IC Industries, a railroad holding company, from 1982-1987 and has consulted to transportation companies on business development and finance.