Michael J. Wagner

eToys Direct, Inc. sells toys, custom dolls, video games and baby products to online and catalog shoppers through its web sites and its retail partnerships. The company owns eToys and the My Twinn doll brands and operates KBtoys.com under a long-term licensing agreement. eToys Direct, Inc. was founded in 2004 and is headquartered in Denver, CO.

The Parent Co. operates as a commerce, content, and new media company for growing families. The company provides eCommerce and eContent resources to help families plan, play, and grow. Its family of brands includes seven eCommerce sites, and three eContent and new media sites. The company operates KBtoys.com Web site that sells toys, video games, electronics, party goods, movies, videos, baby products, costumes and accessories; mytwinn.com Web site, which sells personalized dolls; and DreamtimeBaby.com Web site that sells toddler and maternity products, and baby products, such as strollers, car seats, high chairs, nursery furniture, bedding, feeding, and bathing items. It also offers high-end home furniture, bedding and wall decor, lighting, gifts, and home accessories through PoshLiving.com Web site. It has strategic retail relationships with stores, such as Amazon, Buy.com, Kmart, Macys, QVC, and Sears. The company was founded on May 10, 2004 and is headquartered in Denver, CO.

Value Merchants, Inc. is a company based in Milwaukee, WI.

National Retail Fund III is a closed-end investment company. The Fund is an investment vehicle for a professionally managed, non-diversified portfolio of below-investment grade and investment grade consumer notes representing loans to prime borrowers that the Adviser believes offer attractive yield. The company was founded on February 28, 2008 and is headquartered in Omaha, NE.

Part of The Parent Co., PoshTots LLC is a company that helps parents navigate through the exciting yet challenging period of raising a child. The company is based in Glen Allen, VA. PoshTots was acquired by BabyUniverse, Inc. on January 17, 2006 for $13.93 million. The company provides high-end clothing for stylish and polished babies, and is a top resource for children and baby product reviews. The company was founded by Karen Booth Adams and the CEO is Michael J. Wagner.