Board of Directors

Peter Rinfret

Chairman

Peter is the co-founder and CEO of Iris. He gained a great deal of global experience in the telecom and technology fields as a founder, CFO and Board Member of Chase Telecommunications (acquired by Qualcomm and now Leap Wireless); as advisor of CellularVision, an LMDS provider, from inception through its initial public offering (when he was also the Acting CFO and Board Member); and as part of the startup team and CFO for Pontio Communications (sold to El Paso Energy). Formerly, as President of Rinfret & Co., he advised companies such as Bell Atlantic/Verizon, Phillips Electronics NA, Kinray and USA Mobility as well as dozens of growth and venture stage companies. Early in his career, Peter served as President of Rinfret Associates, an international economic and financial advisory firm, where he advised Fortune 300 clients including Chrysler, Revlon, Technicolor, and Citibank. His political experience includes serving in the White House as Special Assistant to Ambassador Robert Strauss, Legislative Aide for Foreign Affairs to Senator Orrin Hatch, Special Assistant to the National Campaign Manager for John Connally’s Presidential campaign and Legislative Aide for Tax Policy to Congressman William Archer, Chairman of the House Ways & Means Committee. He remains active in politics. Peter received a B.A. in International Political Science from the University of Pennsylvania, and a J.D. from the University of Texas School of Law, where he was an editor of the Texas Law Review.

Rick Cho

Director

Rick has been a Director of the company since April 2001, pursuant to the investment made in Iris by Pacificap Ventures, a private investment fund primarily involved in technology and communications. Rick is currently a Partner with Pacificap. Previously he worked with Morgan Stanley, was a Vice President for King Street Capital Management, and worked at Jones Lang LaSalle.

Steven G. Chrust

Steven is founder and a Senior Principal, Member of Centripetal Capital Partners, LLC., a private equity investment firm. He is also a member of the Executive Committee of Alpha Financial Technologies, LLC and a partner in Enhanced Alpha Management, a creator of alternative asset management products and structured instruments. He is also Founder and President of SGC Advisory Services, Inc. a financial services company. In addition, he co-founded WinStar Communications in 1994 and served as its Vice Chairman. Steven began his career in 1970 at Sanford C. Bernstein & Co., a financial institution that handled more than $88 billion in client assets at its peak and is currently a part of Alliance Capital, an AXA company. He became a partner in 1976 and served as its Director of Technology Research. While at Bernstein, he ranked in the top tier of analysts each year for more than a decade (including a first-place ranking in his sector for five consecutive years), as ranked by Institutional Investor. He has testified before Congress on various regulatory matters. He has been on the Board of Directors of a number of private and public companies, has served as Chairman of ALTS, the industry association of local carriers. He has also served as a featured lecturer at the Harvard Business School. Steven is a member of the Association for Investment Management and Research and the New York Society of Security Analysts.

Alan Kessman

Director

Alan was Entrepreneur of the Year in 1987. He successfully started two companies: Rolm/Illinois and ISOETEC Communications Inc., which merged in stepped up transactions for shareholders. He served as Chairman of Executone Information Systems, Inc until 1998, establishing the plan for splitting the company into three distinct operating segments including the creation of the first Internet lottery operation. In January 1999, after serving on the board of Vion Pharmaceuticals, Inc, a cancer research company, Alan was asked as part of a PS Capital consulting assignment to step in as CEO of the company and help guide the development of Vion’s unique cancer drug development programs. Alan is an active board member of many public and private companies in the telecommunications, Internet and healthcare fields. With these board positions, he applies his extensive expertise in maximizing shareholder value while developing and executing successful strategies for growth.

William McCormick

Director

Bill brings nearly 40 years of executive, strategic, financial, and management experience to Iris. He previously served as Chairman & CEO of Fireman's Fund Insurance. Bill held various positions with American Express, including Executive Vice President, President of the Card Division and President of Travel Related Services of American Express. Prior to joining American Express, Bill served as CEO of PennCorp Financial Group and Chairman of the Executive Advisory Board for Inverness Group. His broad experience also includes serving as a Management Consultant for McKinsey & Co., investment banker at Donaldson Lufkin & Jenrette, and Lieutenant in the U.S. Navy in the Atomic Energy Commission under Admiral Rickover.