Press Release

May 2010

Tecport Optics Inc. is please to announce that Dr. Nabil El Hag and Mr. Chris Farnworth have joined Tecport Optics Inc., an Orlando-based business that designs, manufactures, sells and services thin film vacuum deposition systems to customers throughout the world. Dr. El-Hag joins the company as its Vice-Chairman. His career spans more than thirty five years of entrepreneurial and Fortune 500, including thirteen years as a senior executive at Philip Morris' General Foods Unit. He is skilled in executive management, business development, strategic planning, business development, and capital formation.

In the early 1990’s Dr. El-Hag founded Pacific Rim Technologies, a technical venture, where he facilitated strategic alliances between US technology companies and government and private industry in Indonesia, China, Singapore, Vietnam and Cambodia. As a founding partner of Shore Capital, he negotiated a strategic relationship with a leading Middle Eastern financial advisory group to purchase US companies, and subsequently developed strategic business relationships across the MENA Region in the oil, mining, hospitality, construction and telecommunications industries.

Dr. El-Hag has founded and managed several business ventures and non-profit initiatives and currently serves as a business advisor to numerous public and private enterprises. He holds a PhD, MPh, MSc from Rutgers University, an MBA in Finance and International Finance from Fordham University and is a graduate of The Advanced Executive Management Program at Columbia University. A recipient of many industry accolades, including a DuPont Award, a Clio and a National Food Processing Award, he has also authored numerous technical patents and scientific publications. He is a member of Phi Tau Sigma Honorary Society and a former Olympian.

Chris Farnworth joins Tecport as Managing Director of Special Projects. He is a business management and corporate finance executive with over 30 years of experience in the public and private markets, oil and gas, mining, industrials and technology sectors. Mr. Farnworth has extensive worldwide high-level strategic planning, capital formation, and business development, project management and sales experience, specifically in Europe, the MENA region and Asia. Working with large and small multi-national companies he has established joint ventures, distribution channels and sub licensing agreements, identified possible M&A opportunities, analyzed new market development and business opportunities, conducted financial feasibility studies and developed proposals. To date direct financings have included both debt and equity raisings in excess of $40 million, placed in both private and public market companies. Mergers and acquisitions include stand-alone values up to and including $25 million per transaction. He is also experienced in providing advice on SEC and Sarbanes Oxley compliance, audit and 10K and 10Q matters.

“We are very pleased to welcome Dr. El Hag and Chris Farnworth to Tecport, and look forward to benefiting from their experience and counsel as we prepare to accelerate our company’s growth through the introduction of our cutting-edge cold plasma technology.” commented Tam Le, President and Founder of the company.