Reid Drescher

Reid Drescher launched Cape One Financial LP in January 2008. He has over 19 years
of experience as an Investment Manager, Investment Banker, Portfolio Manager and
as President and CEO of Spencer Clarke LLC, a full service broker dealer and investment banking firm. Mr. Drescher founded Spencer Clarke in 1997 and has built it into a prestigious diversified financial organization with a respected name in the financial services industry. He has extensive expertise in financial engineering, private placements, reverse mergers and PIPE transactions. Prior to founding Spencer Clarke, Mr. Drescher served from 1994 to 1997 as Senior Vice President, Investments and Senior Portfolio Manager with PaineWebber Inc. He also served in the same positions with Prudential Securities from 1990 to 1994. Mr. Drescher has profitably managed portfolios for individuals in excess of $100 million, using both technical and fundamental analysis. Mr. Drescher graduated from The University of Miami with a degree in business administration. He maintains the following FINRA registrations: Series 7, 9, 10, 24, 63 and 65 (RIA).