In 1984 he began his entrepreneurial career as Vice President of Finance for National Applied Computer Technologies, a digital switch manufacturer and educational software developer that sold equipment and services in North and South America. Mr. Hobbs was responsible for funding activities, acquisitions, administration, and product and service pricing.

Mr. Hobbs joined GTE in 1987 and ran their west coast venture capital arm that then expanded to an international role focusing on interactive video, information services, and telecommunication services and infrastructure. Mr. Hobbs was responsible for all aspects of the venture arm, including: investment team management, management team recruitment, deal flow, due diligence, investment decisions, deals structure, negotiations, portfolio management, and board member of invested companies.

In 1993 Mr. Hobbs became President of All City Paging, Inc., the largest regional paging company on the West coast, with operations throughout California, Arizona and Nevada. He was responsible for day-to-day operations and strategic direction of this wireless communications company targeted at the consumer and small to medium size businesses. All corporate functions reported to Mr. Hobbs including: sales, marketing, customer service, engineering, administrative and financial. Under Mr. Hobbs’ leadership the company was successfully merged with Metrocall, Inc. (NASDAQ MCLL)

In 1994 – 1998 Mr. Hobbs founded and operated a financial advisory services company that provided services to and transacted financings for CEOs and executive teams of high-tech telecommunications and information technology companies located in California. He served on the board of directors of each of those companies. Financings ranged from $5 to $8 million from top tier venture capitalists in Silicon Valley (ex: Sutter Hill and Technology Crossover Ventures).

Mr. Hobbs joined Ernst & Young, LLP in 1998 as a Senior Partner initially directing and operating the company’s Los Angeles based Center For Strategic Transactions. He was responsible for operations in Southern California, Arizona, Hawaii and Colorado. The Center was responsible for providing strategic transaction advice to CEO’s. Mr. Hobbs met and advised 130 CEO’s (public and private) over a nineteen-month period ranging from Albertson’s Inc. to GoTo.com. Following this assignment, Mr. Hobbs was the senior partner in charge of Ernst and Young’s Venture Capital arm. He oversaw all investments and monitored and managed the portfolio’s performance. Investments were made in Internet related infrastructure and services located throughout the United States.

Mr. Hobbs joined Emode.com in early 2000 as its COO. He orchestrated the relocation of the company from Cambridge, MA to San Francisco, CA and led the buildup and growth of this high profile August Capital (www.augustcap.com) venture backed company. Funding totaled $9.5 million from angel and venture investors. Mr. Hobbs continues to advise the CEO and board of directors of this company.

Mr. Hobbs currently is the Founder and President of Magellan Advisory Services. Magellan provides CEO’s and their teams with transactional, marketing, and operational strategy consulting. Current customers are wireless and wireline telecommunication companies. Working closely with executive teams at client companies, Barry provides assistance in navigating through the challenges of today’s dynamic business environment. He takes a comprehensive approach to understanding client goals and in developing tangible solutions that support the company’s growth and maximize its value. Barry has earned a reputation for unquestioned integrity and superior transaction execution particularly in assisting emerging growth businesses. Magellan Advisory Services specializes in providing assistance to emerging companies typically underserved by large consulting firms and investment banks.

Mr. Hobbs has proven leadership in operating and advising companies at the executive level. He has expertise in all aspects of strategic transactions, including: mergers and acquisitions, private financing (venture and angel), joint ventures, IPO preparation and a full range of executive team development. He has successfully developed the strategy, operated, recruited the management team, and directed at the board level, high growth companies in the Internet, telecommunications and information technology space. He has hands on experience in operating high-profile start-up and “middle market” companies. Hr. Hobbs’ experience in managing venture capital operations and performing due diligence on hundreds of companies, allows him to apply that experience to the identification of solid market opportunities, ensuring proper capitalization structures, recruitment of exceptional management teams, complete due diligence, and the know how and patience to assist companies as the asset is built and shareholder value is realized.

Highlights of Mr. Hobbs experience:

• 23 years venture capital investment, strategic transaction, and operational experience including successful mergers and acquisitions with public entities
• Formerly Senior Partner in charge of Venture Capital investments of the international firms of Ernst and Young, LLP and GTE Incorporated
• Founded and operated a successful financial advisory services company that advised CEO’s on transaction strategy and implementation, financing, and operational strategy
• President, Board of Director, COO and CFO experience with high growth telecommunication, information service and Internet companies. Completing transactions including: successful mergers and acquisitions with public entities, top tier venture capital financing, debt financing, and re-capitalization
• Hands on experience in operating high-profile technology companies for both start-up and “middle market” companies
• BA from the University of Utah with a major in Accounting

Paul has substantial experience in real estate, private equity and in entrepreneurial projects as manager, limited partner, angel investor and board member.

At Ritchie Enterprises, Paul fulfilled key responsibilities across a variety of investments. These responsibilities incorporated most aspects of executing and harvesting private equity and real estate deals (both for development and investment) including sourcing deals, negotiating documents, deal structuring, managing and performing due diligence, performing detailed financial modeling, financing the acquisitions and development, directing investor relations and financial reporting, overseeing project management, and exiting investments.

Paul is a graduate of Brigham Young University, where he earned a Master of Business Administration (with an emphasis in entrepreneurship and finance) and a BA in international relations, cum laude.

After retiring from Smiths in 1997, Mr. White has started other entrepreneurial ventures and serves on a variety of boards for his leadership, retail, and managerial experience.