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the attached exhibits are incorporated herein by this
reference. Petitioner William Whelpley, Jr., resided in
Morris Plains, New Jersey, at the time he filed his
petition in the case at docket No. 21644-93. Petitioners
William Whelpley, Sr., and Sara Whelpley resided in
Randolph, New Jersey, at the time they filed their joint
petition in the case at docket No. 21690-93. Petitioner
William Whelpley, Jr., is the son of petitioners William
and Sara Whelpley. References to Mr. Whelpley are to
Mr. William Whelpley, Sr.
Mr. Whelpley is a physicist who specializes in
computers and telecommunications. He studied physics at
the University of Iowa from 1957 to 1962. After 1962, he
worked as a research physicist for the University of Iowa
and as a manager for Sperry Corp. He was also employed by
American Telephone and Telegraph and Automatic Data
Processing. In 1981, Mr. Whelpley and several other
persons founded DAMA Telecommunications Corp. Mr. Whelpley
served on the board of directors of that company from its
inception until 1986.
After Mr. Whelpley resigned from the board of
directors of DAMA Telecommunications Corp., he began to
provide consulting services to Weeden Capital Management,
Inc. (Weeden). Weeden is wholly owned by Weeden & Co., and
is unrelated to petitioners. Weeden acts as the management
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