Woodside Capital - National Investment Managers Division: Phoenix Management Services Client National Investment Managers, Inc. (“NIVM” ?) acquires and manages operating entities with recurring revenue streams that offer pension plan administration (“TPA ” ?), financial and investment advisory services (“Investment” ?) and insurance products (“Insurance” ?) to small and medium sized businesses in the United States and to high-net worth individuals. The Company was formed in March 2005 through a reverse acquisition with Duncan Capital Financial Group, Inc. with the strategy of consolidating these businesses to take advantage of cross-selling opportunities, economies of scale, efficiencies and consolidation of overhead. As of June 30, 2007, NIVM owns 12 TPA operating units, 4 Investment oper

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