Edward T. Whelan

Edward T. Whelan has most recently served as Chairman and Chief Executive Officer of Military Resale Group, Inc. He negotiated and financed the acquisition of a private company with revenue of $750,000, completed a reverse merger into a publicly traded shell, with a twelve-fold growth rate of which revenues soared to just under $10 million. From April 1998 until October 2003, Mr. Whelan also served as the President and a principal stockholder of Xcel Associates, Inc., a company engaged in providing financial consulting to small and medium-sized companies, and to high net worth individuals. From 1989 to December 2001, Mr. Whelan also served as President and a principal shareholder of Shannon Investments, Inc., a consulting firm to small and medium-sized companies. From 1984 to 1989 Mr. Whelan was a co-founder of Physicians Pharmaceutical Services, Inc. a publicly traded company that made the Inc. Magazine’s fastest growing companies in America list. From 1968 to 1971, Mr. Whelan attended St. Peters College in Jersey City, New Jersey, where he majored in Economics. Grace Holdings, Inc., “Grace” an independent consulting firm established to provide business consulting and advise regarding mergers, acquisitions, investment banking and other such services. Grace through its President Edward T. Whelan, has years of experience as an entrepreneur, business consultant and investment banker. Having provided advise on mergers, acquisitions, corporate finance and investment analysis to a wide variety of investors and small businesses in diverse industries. Grace through a propriety network of established contacts and associates has experience in all phases of establishing and growing small business. Grace is a Maryland Corporation with its principal office located at 135 First Street Unit 2-F, Keyport NJ 07735.

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