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The following is an excerpt from a S-1/A SEC Filing, filed by INTERNATIONAL METAL ENTERPRISES, INC. on 5/13/2005.
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INTERNATIONAL METAL ENTERPRISES, INC. - S-1/A - 20050513 - MANAGEMENT

MANAGEMENT

Directors and Executive Officers

Our current directors and executive officers are as follows:


Name Age Position
Alan Kestenbaum   43   Chief Executive Officer and Director
Theodore Heilman   47   President and Director
Michael Barenholtz   46   Secretary and Director

Alan Kestenbaum has been our chief executive officer and a member of our board of directors since our inception. He has over 20 years' experience in metals finance, distribution, trading and manufacturing. Mr. Kestenbaum founded and has been the chief executive officer of Marco International Corp., an international finance and trading company specializing in metals, minerals and raw materials, since 1985. Mr. Kestenbaum led Marco International's expansion into China and the former Soviet Union. He also established Marco International's related private equity business and was involved in sourcing and concluding a number of private equity transactions, including ones relating to McCook Metals, Scottsboro Aluminum and Globe Metallurgical. Since 1997, Mr., Kestenbaum has also been the vice president of Marco Hitech JV LLC, a nutritional ingredient developer and supplier to the pharmaceutical and nutritional industries. From 1999 to June 2001, Mr. Kestenbaum was the chief executive officer of Aluminum.com, a provider of online metals trading services. In July 2001, following Mr. Kestenbaum's resignation and after the board of directors of Aluminum.com voted to cease operations, a group of former consultants and shareholders filed an involuntary Chapter 7 petition against Aluminum.com. This petition was subsequently dismissed by the bankruptcy court and Aluminum.com wound down its affairs in good order, including paying all its creditors and returning all surplus cash to its shareholders. Mr. Kestenbaum began his career in metals with Glencore, Inc. and Philipp Brothers in New York City. He received a B.A. in Economics cum laude from Yeshiva University, New York.

Ted Heilman has been our president and a member of our board of directors since our inception. He has over 25 years' management and financial experience in international business and commodities. Since January 2003, Mr. Heilman has been the president of the finance division of Marco International, where he has managed that company's relationship with metals producer, Globe Metallurgical. From 1999 to June 2002, Mr. Heilman served as president and chief executive officer of InterCommercial Markets LLC, an online commodity logistics and trading services and software company that he founded and merged with ExImWare, Inc., where he remained as resident founder until January 2003. From 1989 to 1999, Mr. Heilman was affiliated with the Mercon Group, a multinational commodity trading and processing group, where he served in various capacities including executive vice president and chief operating officer. From 1984 to 1989, he was affiliated with the J. Aron Commodities Division of Goldman Sachs & Co. in New York, where he was named a vice president in sales and trading, managing major U.S. Corporate accounts and Latin American supplier relationships. Mr. Heilman began his business career as an international lending officer with the Bank of New York (Irving Trust Co.). He received a B.S. in Economics from the Wharton School of the University of Pennsylvania and an M.B.A. from Harvard University. He speaks fluent Spanish.

Michael Barenholtz has been our secretary and a member of our board of directors since our inception. He has over 25 years' experience in metals and minerals trading, distribution and manufacturing. Mr. Barenholtz founded New York metals trader Baron Metals and Alloys in 1994, which merged in 1998 with Marco International, where he is currently president. Mr. Barenholtz oversees Marco's global trading and distribution businesses. From 1985 to 1994, Mr. Barenholtz was affiliated with The Metallurg Group in New York, where he developed its non-ferrous metals trading businesses and related London Metals Exchange futures trading. During this period he served as president of the American Tin Trade Association for 2 years and as a director for 6 years. Mr. Barenholtz began his career in metals with Philipp Brothers in New York City and Manila. He received a B.A. in Computer Science cum laude from Queens College, New York.

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Our board of directors is divided into three classes with only one class of directors being elected in each year and each class serving a three-year term. The term of office of the first class of directors, consisting of Michael Barenholtz, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of Ted Heilman, will expire at the second annual meeting. The term of office of the third class of directors, consisting of Alan Kestenbaum, will expire at the third annual meeting .

These individuals will play a key role in identifying and evaluating prospective acquisition candidates, selecting the target business, and structuring, negotiating and consummating its acquisition. None of these individuals has been a principal of a public company or blank check company that executed a business plan similar to our business plan. However, our management has extensive experience in identifying strategic assets in the metals and mining industries that are under-priced and underutilized, with the goal of identifying core competencies, refocusing operations, improving operating performance and thus enhancing EBITDA and value. We believe that the skills and expertise of these individuals, their collective access to acquisition opportunities and ideas, their contacts, and their transaction expertise should enable them to successfully identify and effect an acquisition.

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