On April 16, 2012, and in accordance with the terms of the escrow agreement, James Banister, SpectrumDNA, Inc.'s sole director, resigned as a director of the company and appointed Parrish Ketchmark as President, Chief Executive Officer and director of the company effective as of April 16, 2012. Parrish B. Ketchmark, age 46, is one of five founding members of RTP Capital Associates, serving as President and a Director from January 2010 through December 2011. In addition, Mr. Ketchmark serves as Chairman and CEO of Parrish Brian Partners, Inc. that he started in 1997.