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Greg Schneider Joins Meadowbrook Lane Capital

Greg Schneider Joins Meadowbrook Lane Capital

Published 02-22-05

Submitted by Meadowbrook Lane Capital

SPRINGFIELD, MA - Meadowbrook Lane Capital ("MBLC") announced today that Greg Schneider has joined the firm in the position of Director of Portfolio Development.

Most recently, Mr. Schneider served as founder and CEO of a northeast payroll processing and tax administration firm, which he sold in 2004. The firm provided outsourced processing services directly to small businesses throughout the Northeast, as well as serving as the back room for a larger payroll processing reseller.

Prior to that, Mr. Schneider served as President and CEO of Corporate Staffing Concepts ("CSC"), which he founded in 1996. CSC was a Human Resource Management company providing payroll and employee benefits administration to employers throughout New England. Additionally, the firm provided HR consulting services focused on employee relations, retention strategies and compliance. CSC was acquired by TeamStaff (NASDAQ: TSTF), a New Jersey based staffing firm in January 2002. While at TeamStaff, Mr. Schneider held the position of Area Vice President for the Northeast region with overall sales and operational responsibility for the Professional Employer Organization division with annual sales of more than $50 million.

Before Corporate Staffing Concepts, Mr. Schneider was co-founder and CEO of International Research Communications ("IRC"), a medical and biotechnology educational company, which he sold in 1995. IRC developed, promoted and facilitated multi-day conferences focused on the latest medical and scientific advances in the diagnosis and treatment of specific diseases.

"It is rare to get a combination of talents like Greg's. His philosophy background helps him understand our goals, his biology education clearly reflects his understanding that we are all connected and his practical business success will facilitate executing our plans. We are honored to have him share our journey." said Joe Sibilia President of Meadowbrook Lane Capital.

Mr. Schneider commented, "I am excited to have found a business environment where I can apply my skills in combination with the broader charge of engaging in business as a catalyst for social change. I look forward to working with the entire team at Meadowbrook Lane in support of our mission - "Turning Values into Valuation".

Mr. Schneider holds a Masters of Science in Biochemistry and Molecular Biology from the University of Massachusetts. While at the University he also earned a Bachelor's degree in Philosophy. His wife, Sallie, is a breast cancer researcher at the Pioneer Valley Life Sciences Institute. They live in western Massachusetts with their two boys, Joe and Ben.

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