Management

Joseph D. Lancia will be the Chief Executive Officer of the Company. He will also initially serve as the Company’s chief financial officer. Mr. Lancia has 20+ years’ upper management experience and a track record of repeated success in working with high-growth companies. Mr. Lancia most recently served for nine years as president and CEO of D&W Fine Pack, a manufacturer of disposable packaging products for the food industry with locations in California, Indiana, Nebraska, Texas and South Carolina (“D&W”). D&W was the entity resulting from the 2009 merger of Dispoz-o Products, Inc. (“Dispozo-o”) and two other companies. When Mr. Lancia assumed the CEO position at Dispoz-o in 2002, the company had 630 employees, revenues of $48,000,000 and EBITDA of $6,900,000. During the first six years of his tenure at Dispoz-o Mr. Lancia oversaw organic growth to $106,000,000 in revenues and $21,700,000 in EBITDA with 570 employees. After the aforementioned merger, Mr. Lancia was retained as President and CEO of D & W and the company grew to $320,000,000 in revenue with EBITDA in excess of $50,000,000.

Mr. Lancia also has experience as an investment banker and private investor, having worked with and invested in many private equity and investment companies. He has completed over 40 mergers including 14 outside of the United States across a wide range of industries. In addition to his mergers and acquisitions experience, Mr. Lancia has extensive experience in operations, sales, marketing and the integration of businesses for both private and public companies.

Patrick J. Doering is also a co-founder of the Diamond Technology and will serve as the technology consultant for Scio Diamond. Mr. Doering formerly served as the Vice President of Technology at Apollo Diamond, Inc. Prior to his time with Apollo, Mr. Doering was a lead scientist at Spectrum Technology Inc., a Boston based company that was the U.S. leading supplier and number two global supplier of bulk gallium arsenide. Mr. Doering has managed an extensive diamond and gallium nitride process development since inception and has worked with the CVD process since approximately 1990. Mr. Doering received his BS and MS in Physics at the University of Massachusetts.

Dr. Robert C. Linares is a co-founder of the Diamond Technology and will serve as a technology consultant of Scio Diamond. Dr. Linares brings with him extensive and diverse experience in the field of crystal growth technologies. Dr. Linares holds a doctorate in chemical engineering as well as a master’s in business administration. He began his career at Bell Laboratories and Perkin Elmer, where in each case he was responsible for the development of single-crystal substrates necessary for specific technologies, including some of the first high-powered ruby and YAG lasers. Later, as head of a development team at M/A-COM (now part of Tyco Electronics), his work focused on the development of single crystal Gallium Arsenide (GaAs) as a viable semiconductor medium. He subsequently founded Spectrum Technology, Inc., which designed and built a very efficient manufacturing facility that within three years became the number one manufacturer of GaAs wafers in the U.S. (and number two in the world, second only to Sumitomo in Japan). Following the sale of Spectrum to NERCO Advanced Materials (NYSE: NER), Dr. Linares began fundamental research into a number of advanced semiconductor materials, especially diamond, that would allow electronics and optics technology to move beyond the limitations of silicon based devices.

Michael W. McMahon will be the Chief Operating Officer. Mr. McMahon has 35 years of executive experience in operations and business development of fortune 100 companies such as Fluor and Jacobs. Throughout his career he has been responsible for over $19B of engineering, construction, startup and commissioning of facilities worldwide primarily serving clients in the high tech industry, DOE and DOD. He has compiled a record of personal achievement in project turnarounds, business development, process controls & improvements, startups, joint ventures, mergers & acquisitions and profit improvement initiatives. He recognizes issues vital to organizational success and then focuses his team on overcoming all obstacles to progress. His management skills are complemented by a talent for translating creative thought into an actionable strategies and his ability to recognize, communicate and keep his teams focused on the core issues at hand.