Mr. John R. Yurtchuk Founded Matrix Development Corporation in 1990 and served as its President. Mr. Yurtchuk served as an Executive Vice President of Calspan Corporation. He served as Senior Vice President of Calspan Corporation. He has been a developer since 1982. Prior to Matrix Development, he was active in development and construction in the New York City area as Vice President for Finance of Madison Construction, a full-service development and construction company. Since 1982, his development experience has included the completion of more than $100 million of projects including hotels, Class A office space, medical facilities, luxury apartments, waterfront condominiums, corporate headquarters, and single family subdivisions in Western New York, the New York metropolitan area, and in Florida. He serves as the Chairman of Calspan Holdings. He completed projects include a Class A office building for John Hancock Insurance, SofTrek's corporate headquarters and several office/medical facilities including the Dent Medical Tower, a $12 million renovation of a six story signature building in Amherst, N.Y., the $13.5 million Excelsior Musculoskeletal Center and Calspan's new state-of-the-art flight research facility at the Niagara Falls International Airport. Prior to entering Real estate development, he served as a Loan officer on Wall Street of Irving Trust Company. Mr. Yurtchuk serves on the board of Directors of American Red Cross. He is a corporate economist with National Fuel and a university instructor at SUNY Buffalo, Medaille College and SUNY Fredonia, where he taught economics, finance, accounting, and business mathematics courses at both the undergraduate and graduate levels. Mr. Yurtchuk holds a B.A., M.A. and Ph.D. (ABD) in Economics from the State University of New York at Buffalo.