A WHITE & YELLOW CAB, INC 1 - 2005

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Hossein Nabati : President A White and Yellow Cab Inc. Prior to immigrating to the United States, Mr. Nabati was a manager in the oil well machin- ery vehicle maintenance division of the Iranian National Oil Company. His duties included overseeing the acquisition, stocking and delivery of all parts for all oil well pumping ma- chinery and vehicle maintenance in Iran. Because of the nature of the oil pumping business, his management needed to be geared up to deliver parts anywhere in the country on an instant response basis, 24 -hours a day. In 1971, the operation included a fleet of 100 vehicles and several helicopters, delivering parts to the country's pumping installations from a parts inventory valued at $11 million. It was as a player in this particularly complex, but critical industry that Mr. Nabati developed a keen sense of machinery, its maintenance, and the need for programmed maintenance intervals, the logistics of fleet operations, and most importantly, a zero tolerance for mainte- nance- related breakdowns. Oil well pumping operations could not be permitted to be down; downtime meant lost revenues from liquid gold. The fleet of vehicles, their drivers, and parts suppliers were organized to respond quickly. Delays and excuses were of no value to the consortium of the giant multi - national corporations including Royal Dutch Shell, Chev- ron, British Petroleum, and other oil exploration companies for which he worked. Mr. Nabati left Iran for opportunities in the United States before the Revolution and before anti - American sentiment reached it's fever pitch. The religious fervor was a turn off to a rational man. Upon arrival to the United States, Mr. Nabati fast studied English and then attended California State University, Fullerton (CSUF). Mule completing his studies, he made his living by operating his own vending truck selling frozen ice cream in residential neighborhoods. Mr. Nabati proved a great success in this venture and soon was invited to join the Tropical Ice Cream Company in Santa Ana. Still a student, he learned the mobile ice cream vending business. His experience in Iran was well suited to the business, as it in- volved the maintenance and operation of vehicles used to deliver the ice cream products. These vehicles needed to be maintained in operating order at all times and their refrigeration capabilities could not be out of service for any reason, including maintenance failures. After completing his studies and graduating from Cal State Fullerton in 1979 with a bach- elors degree in Computer Science, he set out to secure the necessary financing to purchase the Tropical Ice Cream Company of Santa Ana. By then the business consisted of 12 trucks. After completing the acquisition, Mr. Nabati ran the business for five years during which the business grew to a fleet of 55 trucks. In 1986, with now more than 15 years experience in fleet management, and the successful sale of the ice cream businesses, Mr. Nabati established AAA Yellow Cab with an original fleet of five cars. His concept of superior service and equipment had grown from a seedling of a dream into every Americans concept of success. By 1996, just a decade later, the busi- ness had grown to over 100 cars and had evolved into A White and Yellow Cab Inc. with its own unique trademark brand name.