Charles L. Gamber, 59: President and CEO

Mr. Gamber joined Arête's Board of Directors in September 2003, serving as an independent Director, and member of the Company's nominating, Audit, and Compensation Committees.

Mr. Gamber is currently the President and CEO of Charles L. Gamber Inc., a Colorado corporation doing Internet marketing, consulting and valuation work. Mr. Gamber has also served as a Director of Net Commerce, Inc., a public company from 2001 to the present. He has served as a consultant for Donald W. Prosser, PC and VCG Holding Corp., a publicly held company, with an emphasis in areas of organizational needs, financial projects, and business development.

Mr. Gamber has 14 years of sales and service experience in the restaurant industry. He has owned and operated All America Auto Transport of Colorado for 6 years, and was with Toyota Motor Distributors for 5 years, leaving them as a District Sales Manager to pursue his own interests.

Mr. Gamber received a bachelor's degree in Business Administration from Western State College in 1973.

John R. Herzog, 65: Director and Interim Chief Financial Officer

Mr. Herzog joined Arête's Board of Directors in September 2003, serving as Director and member of the Company's Nominating, Audit,  and Compensation Committees.

From 1998 to 2000, Mr. Herzog served as Director of Billing Services for Eglobe, Inc., where he managed daily operations, conversion of the billing system, and generating an additional $1 million per year of revenue for the company.

From 2000 to 2001, he served as Director of IT for Anything Internet, Inc.

Since 2001, Mr. Herzog has been President of Business Information Systems, Inc., developing applications, consulting on software development, business systems, and programming.

Mr. Herzog has also been a Senior Consultant for Ciber, Inc and Ascent Services Group from 2006 to 2009.

Mr. Herzog graduated from Drexel University in 1967 with a degree in Electrical Engineering, and in 1970 with a Master's degree in Biomedical Engineering.

William W. Stewart, 47: Director and Company Secretary

Mr. Stewart joined the board of directors on December 19, 2001, when he entered into an agreement with Arête to take over the operations and business plan of Eagle Capital Funding Corp. in order to pursue capital funding projects, including projects pursued by Arête and for other private and/or public ventures.

Mr. Stewart serves as a business consultant relating to corporate finance and mergers and acquisitions. Since his appointment on December 19, 2001, he has served as Company Secretary and as an outside director of Arête.

From 1986 to 1994, Mr. Stewart worked in the brokerage industry as an NASD licensed registered representative. He started his career with Boettcher and Company of Denver, Colorado and left the Principal Financial Group of Denver, Colorado in 1994 to open his own small-cap investment firm, S.W. Gordon Capital, Inc., where he has served as president from 1994 to the present. He has consulted with many small companies, both public and private, on capital formation and mergers and acquisitions.

Mr. Stewart was the CEO and co-owner of Larimer County Sports, LLC, a Colorado Limited Liability Company, which owns the Colorado Eagles Hockey team franchise of the Central Hockey League which is located in Windsor, Colorado, 40 miles north of Denver.

Currently Mr. Stewart is pursuing other opportunities in hockey and other sports related endeavors in Washington State.

Mr. Stewart was born in The Pas, Manitoba, Canada. He attended the University of Denver on a full athletic scholarship where he played ice hockey from 1979 to 1983 as right wing and served as assistant captain during his senior year. Mr. Stewart graduated with a BS, Business Administration from the University of Denver in 1983, with honors as a Student Athlete (ice hockey).

Donald W. Prosser, 59: Director

Mr. Prosser joined Arête's Board of Directors in September 2003, serving as Director and member of the Company's Nominating, Audit, and Compensation Committees. He serves as Chairman of the Audit Committee and the Company's Financial Expert under the Sarbanes Oxley Act.

Mr. Prosser is a professional CPA, specializing in tax and securities accounting, and has represented a number of private and public companies serving in the capacity of CPA, member of boards of directors, and as Chief Financial Officer. Mr. Prosser brings to the Company his great depth of expertise in tax and securities compliance and accounting, corporate finance transactions and turn-arounds.

From 1997 to 1999, Mr. Prosser served as CFO and Director for Chartwell International, Inc, a public company publishing high school athletic information and providing athletic recruiting services. From 1999 to 2000, he served as CFO and Director for Anything Internet, Inc. and from 2000 to 2001, served as CFO and Director for its successor, Inform Worldwide Holdings, Inc., which is a publicly traded company. From 2001 to the present, Mr. Prosser serves as CFO and Director for Net Commerce, Inc, a public company selling Internet services. Since November 2002 through 2007, Mr. Prosser has served as a director and CFO of VCG Holding Corp., a public company engaged in the business of acquiring, owning and operating nightclubs, which provide premium quality entertainment, restaurant, and beverage services in an up-scale environment to affluent patrons. His accounting firm performs accounting service for VCG Holding Corp. 

Mr. Prosser was named to the position of Chief Financial Officer for IPtimize on July 15, 2008. Mr. Prosser had been working as a financial consultant with IPtimize since March 1, 2008.

Mr. Prosser has been a Certified Public Accountant since 1975, and is licensed in the state of Colorado. Mr. Prosser attended the University of Colorado from 1970 to 1971 and Western State College of Colorado from 1972 to 1975, where he earned a Bachelor's degree in both accounting and history (1973) and a Masters degree in accounting - income taxation (1975).

Charles B. Davis, 52: Director

Mr. Davis joined Arête's Board of Directors in 2006. With over 25 years of experience in the oil and gas industry, Mr. Davis is a valuable addition to the board of the Company.

From January 1981 to June 1983, Mr. Davis was Operations Manager for Keba Oil and Gas Co. where he was responsible for drilling, completion and producing operations.

From July 1983 to April 1986, Mr. Davis was Vice-President of operations for Private Oil Industries.

From April 1986 till August 1988, Mr. Davis did consulting work related to Wellsite operations.

Then in August 1988 Mr. Davis joined DNR Oil & Gas Inc. as president, running the day to day operations for 150 to 200 wells, and involved in exploration activities.

Mr. Davis graduated from the University of Wyoming with a Bachelor of Science Degree.