Board of Directors

Richard A. Lisauskas, CPA
President & Chief Executive Officer

Rich joined Axxis in December of 2001. He was appointed to the Company's Board of Directors as President and Chief Executive Officer in October of 2003. Rich brings more than 15 years of industry and high technology experience including a unique blend of enterprise software, business management, sales and operations expertise. Before joining the Company, Rich was Vice President of Business Development for the Cedar Group, a UK-based publicly traded enterprise software and solutions provider. While at Cedar, Rich was responsible for many executive relationships including global partners Oracle, Business Objects and Siemens. Under Rich's leadership, Cedar's North American division was able to significantly increase its sales and service revenues.

Prior experience included eight years as an accountant and consultant with KPMG Peat Marwick and PricewaterhouseCoopers (PWC). While at PWC, Rich pioneered their first Business Process Outsourcing Unit within their compliance practice and served many high tech companies as an advisor and consultant on diverse issues such as technology integration, financial reporting and international tax structuring.

Rich is a CPA and a member of the AICPA. He is also a member of the AICPA Technology Committee. He holds a BS degree in Accounting from Bentley College.

Thurman Davis
Venture Advisor

Thurman Davis, retired from Federal service on July 3, 2003, was Deputy Administrator of the United States General Services Administration (GSA), having been appointed to that position on October 1, 1995. He has served as the number two official of the Agency with three different Administrators during two administrations. GSA, an independent agency of The Executive Branch, coordinates federal policy and provides services to other Federal agencies in the area of federal real estate and construction, supply and service procurement, telecommunications and information technology and motor vehicle and travel management.

Mr. Davis has twice been awarded the Presidential Rank of Meritorious Executive and once the rank of Distinguished Executive, the highest recognition awarded to a career federal executive. He has also received the Distinguished Service Award by the Administrator of General Services for sustained superior service to the Agency.

Mr. Davis is a member of Blacks in Government, the National Forum of Black Public Administrators, the NAACP, 100 Black Men of Greater Washington, DC, and the Senior Executive Association. He is a life member of the Alpha Phi Alpha Fraternity, Inc. and also serves as a Director for LiveWave, Inc. of Newport, Rhode Island.

Theodore Tedeschi
Special Counsel, Zero Stage Capital

Ted Tedeschi, who has had a relationship with Zero Stage Capital for approximately 20 years, has overall responsibility for the legal affairs of the firm, its relationships with its investors and portfolio companies, and corporate governance. He is an Axxis, Inc. Board Member and a Special Counsel for Zero Stage Capital.

He works closely with the firm's investment professionals and partners. His work with portfolio companies includes evaluating the legal affairs of potential investments, and post-investment monitoring, as well as all aspects of harvesting investment value, mergers and acquisitions, and implementing the firm's exit strategies. He also facilitates the maximization of value in unsuccessful portfolio companies, by workout or disposition.

In private practice Ted represented numerous diverse public and private companies, financial institutions, and governmental and quasi-governmental authorities such as the United States Pension Benefit Guaranty Corporation, the United States Federal Deposit Insurance Corporation, Resolution Trust Company, and the Massachusetts Bay Transit Authority.

Ted earned his undergraduate degree with honors from Princeton University, and a JD from Columbia Law School. He has been a practicing attorney for more than 30 years. An expert in complex business litigation strategy and settlement, he is admitted to practice in Massachusetts, and relevant United States Federal Courts including the United States Supreme Court.