PAUL SINGER

EXPERIENCE AND EDUCATION

Since forming Singer Financial Corp. in 1992 Mr. Paul Singer has served continuously as its President, Chief Executive Officer, Chief Financial Officer, and Secretary.

Mr. Singer received a Bachelor of Science Degree in Finance from Philadelphia College of Textiles and Science (now Philadelphia University) in 1988. From October 1990 through August 1992, Mr. Singer brokered residential and commercial loans for Treecorp Financial Inc. From 1988 to 1990, Mr. Singer was employed by Scott Finance Company and Scott Consumer Discount Co., where he managed all phases of the business. From 1986 to 1988, Mr. Singer was the founder and President of Credit Recovery System and Collection Agency, which specialized in collecting delinquent accounts for small businesses.

Additionally, from 1988 to 1996, Mr. Singer was a member of the Board of Directors of Market Street Building and Loan Association.