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Background: �- <br />Initially founded as Ice Ventures over 10 years ago, The Company began as benevolent venture to <br />protect the family values mission of the only private ice rink in Wake County NC: The Cary Ice <br />House. After installing professional business practices and a new general manager (Brenda Stock, <br />wife and business partner of John Stock, one of the Ice Ventures founders), The Cary House began to <br />prosper and the partnership decided to build a second rink in Garner, NC. Six years ago the only two <br />rinks in Charlotte were acquired as well as the only rink in Greensboro. Wilmington was built by <br />affiliated partners. When the decision was made to acquire Charlotte /Greensboro in 1998, the major <br />equity partner, John Stock left his other business interests to concentrate fully on developing Ice <br />Ventures, as well as establishing a new division, Ice Ventures Partners, to seek out management <br />contracts, consulting engagements and other new projects or acquisitions. <br />The preceding lead to the decision to invest in the building a new concept based on multi -venue <br />recreation and related venues. The major capital required to acquire, renovate and up fit a 200,000 <br />square foot building on 40 acres required a further restructure of the company. Ice Ventures continues <br />as the affiliated operating arm of the original ice rinks and Recreation Factory Partners was established <br />as the division to manage and oversee both the multi -venue Factory as well as new management <br />engagements. All necessary support resources such as preventative admittance, finance, legal, <br />logistics, strategy planning and day to day management have been incorporated into Recreation <br />Factory Partners. <br />Our Peoule: <br />Managing Partner and Chief Operating Officer <br />John Stock: A Canadian economics and commerce graduate from the University of Western Ontario <br />and University of Toronto respectively, John is also a Chartered Accountant. He began his career with <br />Price Waterhouse in Toronto and quickly moved into their management consulting practice. After an <br />eight year career with PW, John held senior finance position with Fortune 500 companies culminating <br />in CFO assignments prior to moving into general management 20 years ago. He has served in chief <br />operating officer capacities prior to being moved by his parent company to North Carolina 12 years <br />ago as CEO of Emco Wheaton. John served as a board member and advisor to Ice Ventures/RFP until <br />he assumed managing partner responsibilities 6 years ago. He also serves as a board member of USA <br />Hockey. <br />Preventative Maintenance: <br />Given the inherent complexities and risk associated with the complex refrigeration infrastructure <br />required for ice rinks, the company utilizes internal support for weekly preventative visits to all <br />installations. These intensive preventative maintenance visits are performed by Randy Lee and Sandy <br />Lamarre who collectively have 18 years of management and ice rink maintenance experience and have <br />EPA refrigeration certification, Certified Ice Technician (STAR) and are enrolled in continuing <br />education for associates level degrees in refrigeration technology. <br />Accounting: <br />David Hushek, CPA: David provides CFO level support for all RFP locations. <br />Brenda Stock: Brenda has maintained the books and records of all Ice House facilities for the past 8 <br />years and will lend practical day to day support for all business processes. <br />