Team

Stephen Zadrick - Chairman

Stephen A. Zadrick is Founder of CenterPoint LLC. (www.centerpointcs.com) and CEO/Chairman of Source China. For the second year in a row he was recognized as one of Builder and Developer Magazine's Who's Who in the Building Industry (Jan 2005 & 2004) and MultiFamily Executive for 2006, and was listed in Florida International Magazine's People edition titled Power Players: 100 A-List Floridians (April 2005) where he was included as an Innovator: People Who Use Originality to Reinvent the Status Quo.

The International Real Estate Trade Organization recently awarded CenterPoint and Mr. Zadrick Financing Idea of the Year in the '05 Awards & Directory Issue and the Chairman of the BIS awarded CenterPoint the International Business Innovation award for its efforts in forming Source China. Source China was also presented with the Golden Sourcing award at the CIHAF in Shanghai China by IRETO. Source China, of which Mr. Zadrick serves as Chairman of the Board, is a joint venture for sourcing Chinese vendors for all industries (specializing in the real estate industry). Source China was informed it will be presented with the 5th China Housing Industry Contribution Award, Golden International Partnership at the upcoming CIEHI conference in Beijing China.

Mr. Zadrick is an Urban Land Institute Sustaining Member (www.uli.org), was recently invited to serve on the President's Circle of the Board of Experts of IRETO, the International Real Estate Trade Organization (www.ireto.org) and is also a member of the National Association of Home Builders (www.nahb.org), the Building Industry Association (www.biasc.org), the Builder Marketing Society (www.buildermarketingsociety.com), the National Sales & Marketing Council and the National Council of the Housing Industry.

As an independent broker Mr. Zadrick then went on to become one of the first to organize a substantial corporate real estate trade, a multiple property Real Estate media barter contracts with Citicorp (Bank) Worldwide totaling approximately eight figures. This transaction, exchanging prime commercial real estate for media for use in funding the companies Visa and MasterCard spot radio and television advertising budgets, was the beginning of an industry trend. In 1992 the first project of this transaction (a property in Washington DC) was featured on the cover of Barter News as "Real Estate: Barter's Newest Venue".

In 1999 Mr. Zadrick, as co-CEO and Founder, incubated an 'in kind' media-based venture capital fund that closed-out in 2001 following the fall of the tech stock surge. The $15 million OneTravel.com investment that led to its formation has proven to be a strategic move for the parties involved in the transaction. Mr. Zadrick then went on to personally bankroll yet another new corporate barter company in 2001. The company officially became known as IGT Corporate Services, where Mr. Zadrick served as co-CEO. Their list of clients included Avon, Microsoft, SuperClubs Resorts, Allegro Resorts, Herbalife, Damiani Jewelry and many others. In December 2003 Mr. Zadrick left to form CenterPoint LLC.

Steve resides "on the road" between CenterPoint's various offices and clients and his horse ranch in Ocala, Florida. Steve's wife Karin is a professional photographer and artist from Europe, where she received her Masters in the Arts. Something you may find interesting about Steve is that he attended magic classes at the age of 12 and is renowned as one of the better magicians in the world (Google him) for his behind-the-scenes stage illusion development and production. He also has produced multiple TV shows, live stage touring shows and US and Foreign TV specials including a CBS primetime Walt Disney Special for which he received the Executive Producer of the Year award from the IMS in 1999 which was in recognition of his accomplishments.

Michael N. Hering - President

As an accomplished entrepreneur for over three decades Michael has always had a keen eye for cutting edge companies for whom innovation is the rule, not the exception. He has founded and built numerous companies that are going concerns today in the areas of travel, media, publishing, auctioning, marketing, sourcing and more recently real estate finance and from there real estate development services through his investment and participation in CenterPoint LLC.

Born in New York Michael founded his flagship company Magical Holidays Inc. in 1981, a specialty tour operation which has been responsible for the sale of hundreds of millions of dollars in travel products over its tenure. Still headquartered in the same physical location after 25 years in operation, Magical Holidays Inc. has a broad reach throughout the industry via a wide range of subsidiary companies that specialize in Non-Profit and Specialty Travel, Cruises, Tour Programs and Auctioning Travel via the Internet. Combined, Michaels various travel related companies (SkyAuction.com, Magical Holidays Inc., Intermissions, World InService Inc., and Springfield Travel Inc.) produce some $400 million dollars in annual travel sales.

Thinking strategically in order to expand his reach beyond travel, Michael created Virtual Internet Group LLC, to explore and secure partnership relationships in various industries where he could leverage his expertise in the creation of Internet based marketing initiatives as well as technology distribution systems. That plan led to the creation of several organizations with powerful synergies attracting some of the major operating companies in each of the concentrated segments. For example, Virtual Internet Group shares ownership in its publishing endeavors with The Miami Herald and NatCom Marketing Communications (Wave Magazine). And in turn these companies have teamed with Genmar Holdings, one of the world's largest boat manufactures, to create what is the premier e-commerce auction portal for boats on the Internet. (WaveLife.com) In the area of media Michael has centralized the purchasing of print, video, outdoor and online advertising, marketed primarily to the travel and real estate industry in conjunction with Sky Radio Corp., Affluent Media Inc. and One-Stop Media.

Over the past ten years, Michael has progressively become involved operationally in a field that has long been a passion for him, real estate. Owning many properties in different U.S. and foreign locations, Michael has become one of the founders of the most innovative real estate boutique financing house, CenterPoint. Additionally, he is an owner in three of CenterPoint's affiliate companies, Madison International Venture Partners, Source China and One-Stop Media. One-Stop Media (www.one-stopmedia.com) is a one-stop shop for real estate developers for strategic media planning, placement, and post-analysis. Source China is the real estate developer's sourcing solution, providing developers with direct sourcing access into China. Today Madison International is rapidly being seen throughout the real estate development industry as the premier Presales and Conversion focused Investment Company in North America.

Michael currently lives in New Jersey with his wife and three children.