Richard L. Mooers
 
In 1985, Rick graduated summa cum laude from the University of Maine, United States, with a bachelor of science degree in business administration. He trained as a certified public accountant and subsequently worked at various accounting firms, including Kenneth Foster & Co CPAs and MacDade Abbot & Co CPAs, in the Northeast USA from his graduation until 1991.

In late 1991, Rick joined Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture, and environmental industries, initially as director of corporate finance. He subsequently became CEO of that company. In these roles, he gained a wide range of both international and US experience, including being involved with a number of businesses in various stages of development, including start-ups, commercializations, and public offerings.

Rick co-founded Mooers Branton & Company and MB Merchant Group, LLC with Roger Branton in 1997. Mooers Branton & Company is an international merchant bank which provides early-stage financing to emerging businesses in the technology, hospitality, and real estate sectors. Mooers Branton & Company manages its portfolio of investments through the privately held company, MB Merchant Group, LLC.

Rick's merchant banking activities have given him a wide range of international experience, including experience in restructurings, turnarounds, and mergers and acquisitions. Together with Roger Branton and Joe Bobier, Rick co-founded xG Technology, Inc. in August 2002.

As a merchant banker, Rick from time to time takes on operational roles in portfolio companies. That is the case with xG Technology Inc. where he presently serves as Chairman & CEO on a full-time basis. Drawing on his varied experiences as a serial entrepreneur from a merchant banking platform, Rick is a generalist in a world of specialists. For example, he possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, business start-ups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and most importantly risk management. Rick has both international and US-based experience. Rare and uniquely beneficial to an early stage company, he brings this multinational experience, as well as his key international relationships, to xG Technology, Inc. Rick has been involved in leading the various stages of business from start-up to private placements to commercialization to IPO to exit.

On a day–to-day basis with xG Technology Inc., Rick’s responsibilities include a) communicating the vision and message of the business; b) key relationship management; c) liaising with media and advisors; d) management of the business; and again most importantly e) risk management. He strives to effectively execute on his responsibilities while simultaneously aligning the goals of various parties. First and foremost, he ensures that the goals of the Company are aligned with those of the shareholders. Likewise, he ensures appropriate incentives are in place to provide for the alignment of the goals of various external relationships such as customers and key vendors with those of the Company.

Roger G. Branton
 
In 1989, Roger graduated from West Chester University in Pennsylvania with a bachelor of science degree in accounting. He trained as a certified public accountant and worked for Horty & Horty in Wilmington, Delaware, USA from his graduation until 1993. Roger went on to become an associate at Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture, and environmental industries, where he worked until 1997. His work at Dominion Group Limited included, but was not limited to, acting as interim chief financial officer for several companies within its investment portfolio.

Roger co-founded Mooers Branton & Company and MB Merchant Group, LLC with Rick Mooers in 1997. Mooers Branton & Company is an international merchant bank which provides early-stage financing to emerging businesses in the technology, hospitality, and real estate sectors. Mooers Branton & Company manages its portfolio of investments through the privately held company, MB Merchant Group, LLC.

Together with Rick Mooers and Joe Bobier, Roger co-founded xG Technology, Inc. in August 2002, where he presently serves as COO and CFO.

Roger takes an operational role in the companies managed by Mooers Branton & Company and he draws on a wealth of general experience through his merchant bank experience.

In his role as an officer of xG Technology, Inc., he works quite closely with Rick Mooers in a wide variety of roles including management, finance, accounting, tax; international dealings, restructurings/turnarounds, business start-ups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and risk management. Roger has invaluable international experience and relationships, and has been involved in each of the various stages of business.

On a day-to-day basis with xG Technology, Inc. Roger’s responsibilities include a) overseeing the successful execution of, and adherence to, the business plan; b) ensuring timely completion of key projects; c) facilitating efficient communication of the message and corporate vision to key employees and relationships; d) contract review; e) liaising with the financial community; f) both macro- and microeconomic analysis; and most importantly g) ensuring that the Company does not exceed its already secured resources.