Mr. Timothy Brog has been the president of Pembridge Capital Management LLC and portfolio manager of Pembridge Value Opportunity Fund since 2004. Pembridge Value is known as a “deep value” hedge fund that follows an activist approach. He had also held the post of a managing director of The Edwards Andrews Group Inc., a boutique investment bank from 1996 to 2004. This group had its focus on the printing, direct mail, computer services, letter shop, fulfillment, imaging and archival storage industries, Mr. Timothy Brog was a corporate finance and mergers and acquisition associate of the law firm Skadden, Arps, Slate, Meagher & Flom LLP. He earned a Juris Doctorate from Fordham University School of Law in 1989. Earlier in 1986, Mr. Brog got a BA from Tufts University.

Under Mr. Brog, Pembridge Capital Management is an investment management firm investing mainly in undervalued, small-capitalization companies. The company and its principals are experienced value-added investors who played key roles in helping management teams to create or improve shareholder value. In June, 2005 Pembridge Value Opportunity Fund LLP reached an agreement with the Topps Company, Inc., under which Pembridge agreed to cease all efforts with respect to its previously announced proxy solicitation. While commenting on the pact, Mr. Brog said he was pleased that Topps retained Lehman Brothers in February 2005 to explore means of maximizing stockholder value. He wished the company good luck and said he would look forward to the outcome of their efforts. As part of the accord, Pembridge agreed to terminate its proxy solicitation and withdraw its slate of nominees to the company's board of directors with respect to the company's 2005 Annual Meeting of the Stockholders. Pembridge also agreed not to engage in certain activities involving the company until December 31, 2005, including a proxy solicitation, other stockholder proposals or seeking board representation. Topps agreed to pay Pembridge for expenses incurred or expected to be incurred by Pembridge in connection with its proxy solicitation.