Fiber-Tec Strategy

Fiber-Tec's strategy is premised on:

	Costs  -  the high laundry and inventory costs currently incurred by the medical community;
	Technology  -  the fact that there is no acceptable single-use linen on the market that can do what Fiber-Tec's can;
	Performance  -  Fiber-Tec's products fulfill the identified needs of strength, absorbency, infection control and patient comfort; and
	Savings  -  the use of Fiber-Tec single use linens in areas of known reusable linen loss generates substantial savings for its customers.

For details on the benefits of Fiber-Tec single use linens and how they compete with reusable products please review our cost calculator and detailed performance attributes.

The Fiber-Tec Team

Edward J. Waite, III is presently Chairman of the Board and CEO of the Company. He is also the President and Managing Member of Waite & Associates, L.L.C., a New Jersey based investment and acquisition company.

Until 1997, Mr. Waite, an attorney, served as Vice President, General Counsel and Secretary for General Chemical Corporation, a New Jersey based industrial and specialty chemicals manufacturer now known as Gen Tek. Prior to 1989, Mr. Waite served in a similar capacity as Chief Legal Officer and Secretary for Crompton & Knowles Corporation, a Connecticut based specialty chemicals manufacturer now known as Crompton Corporation.

Mr. Waite is also a Director of Niadyne, Inc., an Arizona based biotech company involved in skin and cardiac health, and served previously as a director of NYMagic, Inc. an insurance holding company. Mr. Waite is a graduate of Colgate University and Union University, Albany Law School, and is a member of the New York and the Federal bars.

Howard A. Nelson is President and a Director of the Company. He is also President of Nelson BDC Corp., a New Jersey based business development and strategy consulting firm specializing in health care and venture capital opportunities. Mr. Nelson has served as CEO of Octave Software, a Los Angeles based internet infrastructure company and President of Vital Health Sciences Pharmaceutical Group, based in New Jersey.

Until 1998, Mr. Nelson was Director of Business Development at Bristol-Myers Squibb serving the Worldwide Medicines Group, where he was responsible for identifying, evaluating and pursuing new U.S. and worldwide business, licensing and partnering opportunities. Prior to joining B-MS, he held several business development, financial and internal consulting roles at Pfizer Inc. and Allied-Signal. Mr. Nelson is a graduate of Princeton University with an A.B. in Economics in 1982 and an M.B.A. from Tulane University in 1985.

John F. Kroeger is a Director of the Company. He is also a broad based legal professional with a demonstrated record of achievement in the food, chemical, pharmaceutical and petroleum industries.

Mr. Kroeger is presently the Vice President and Assistant General Counsel for Pinnacle Foods Corporation, a $700 million privately held food manufacturer selling leading brands Swanson® Frozen Meals and Vlasic® Pickles. Prior to Pinnacle Foods, Mr. Kroeger was the Vice President and General Counsel of Anadigics, Inc. a NASDAQ Company. Mr. Kroeger was part of the successful turnaround team at International Home Foods and has held general management and/or legal positions with leading companies in the chemical, pharmaceutical and petroleum refining industries.

Mr. Kroeger is a graduate of William and Mary with a B.A. in Economics in 1977, J.D. in 1981 and a Masters of Law and Taxation in 1982. He is a member of the Virginia and New Jersey bars.

The Fiber-Tec Team