Clifford E. McFarland, Chairman

Mr. McFarland is one of the co-founders of IIBEX Ltd. Mr. McFarland co-founded McFarland, Grossman & Company, Inc., an investment banking firm in Houston, Texas in 1991.

Mr. McFarland co-founded The Watkins Group, a merchant banking firm in Little Rock, Arkansas, where he served as a Managing Director from 1986 until 1991.

Prior to that, he was a co-founder of McFarland & Jones, a management consulting firm in the franchise industry.

Mr. McFarland is a director of Teletouch Communications, Inc. (AMEX: TLL) and Progressive Concepts Communications, Inc. Mr. McFarland was elected and served on the Board of Directors of the National Investment Banking Association for three years and co-manages the statewide Texas Investment Forum in Austin each year. He earned a Bachelor of Science in Business/Public Affairs from the University of Houston/Clear Lake.