Stephen Jouzapaitis
President

Mr. Jouzapaitis is the president of Arbus Capital, Ltd. where he has specialized in structuring and completing merger and acquisition transactions and managing private equity investments. Mr. Jouzapaitis has participated and advised in over 300 merger/acquisition and corporate finance transactions in his career. Mr. Jouzapaitis had taken an investment role in 16 emerging growth companies through Arbus Capital acting as General Partner on behalf of nine limited partnerships from 1999-2001. Several of these portfolio companies have gone public or have been purchased by public entities in the last several years, including public registration, and swap of convertible preferred shares into free trading common stock. All of these partnerships have filed final tax returns.

In 2001 Mr. Jouzapaitis also sponsored the formation of United Land Development to acquire, entitle and sell/build residential and commercial development. Mr. Jouzapaitis also sponsored the acquisition of the 256-acre Kemper Lakes Golf Course in 2002.

Prior to forming Arbus Capital, Ltd., Mr. Jouzapaitis worked for a national mergers and acquisitions firm with over 1,500 consultants, where he ranked No. 1 nationally in transactions completed for two consecutive years. Mr. Jouzapaitis attended the Illinois Institute of Technology for Electrical Engineering and is a member of the Association for Corporate Growth (ACG). In addition, he is a Registered Business Broker with the Illinois Department of Securities and holds an Illinois Real Estate Brokers License.

Mr. Jouzapaitis remains the Manager of United Land / Kemper, LLC which owns a controlling interest and operates Kemper Lakes Golf Club, LLC. The golf course has a full-time management staff and is overseen day-to-day by Crown Golf Properties, LP, a golf course management company and minority investor in the property.

Mr. Jouzapaitis also remains the Manager of United Land Development, LLC located in Schaumburg, Illinois. Mr. Jouzapaitis’ duties include land procurement, entitlement, financing and legal. All development projects have been sold except for the 208-unit Kemper Lakes Club for which a contract is pending.  United Land Development will be dissolved after its sale is effectuated.