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Richard B. Steele - Chairman and Founding Member, River Valley Investors

To Whom It May Concern:

Paul Silva has worked for River Valley Investors (“RVI”) since the early days of its formation.  Paul was originally recruited to assist in the administration of our angel group and he became Manager in 2005.

During his tenure, Paul has successfully coordinated the many facets of running an angel group - improving and tracking deal flow, coordinating member due diligence activities, actively marketing and promoting membership and efficiently managing the logistics of RVI to ensure the smooth functioning of its activities.  He has implemented many web-based processes that have enabled our group to operate in a very efficient and professional manner.

I believe Paul has been a significant and valuable resource to RVI.  I would not hesitate to recommend that you consider Paul Silva to provide management coordination and administration services for your group.
 
If you have any questions feel free to contact me.

                    Very truly yours,

                    Richard B. Steele,
                    Chairman of the Executive Committee
                    River Valley Investors