Mary A. Packer, President
Boca Raton, Florida

Mary A. Packer, President of the firm, established PK Securities on August 25, 2010 and its predecessor firms, PackerKiss Securities, Inc. and PK Advisors, Inc., on May 23, 1999. The firms are nationally recognized for their innovations in the field of bond proceeds reinvestment, and PK Securities continues to provide reinvestment and derivative services to state and local issuers nationwide. Ms. Packer had co-founded PackerKane & Co., Inc. in February, 1987 and PackerKane Securities, Inc. in June, 1994, and served as President of both companies until the companies were dissolved in May, 1999. In 1984, Ms. Packer joined the New York office of Morgan Stanley & Co., Inc. to establish its tax-exempt reinvestment department, advising, structuring, and placing proceeds from numerous tax-exempt financings nationwide. Between 1979 and 1984, Ms. Packer was an Assistant Vice President in the Public Finance Department at The First Boston Corporation in New York City and was instrumental in initiating many of the innovative concepts on which the reinvestment industry is based. Prior to 1979, Ms. Packer was an Assistant Vice President in the International Asset Management Department at Merrill Lynch Government Securities, Inc, also located in New York City. As of 2006, her involvement with reinvestment totals approximately twenty-seven years.

Ms. Packer is a graduate of Syracuse University. She attended New York University School of Business and received an MBA from Fairleigh Dickinson Graduate School of Business. She holds Series 3 (National Commodities Futures), Series 7 (General Securities Representative), Series 24 (General Securities Principal) and Series 63 (Uniform Securities Agent State Law Examination) licenses with the FINRA and has been a featured speaker for numerous organizations, associations and conferences nationwide including Smith's Conference, the National Council of State Housing Agencies ("NCSHA") and the National Association of Local Housing Finance Agencies ("NALHFA").

Penny Palmer, Manager
San Rafael, California

Penny Palmer has been a resident of California for forty years and has worked in the field of California public finance for thirty-four of those years, specializing in reinvestment services since 1984. She joined PackerKiss at its inception in May, 1999 and continues working with PK Securities facilitating investment transactions for state and local issuers primarily in the Western United States. In 1984, Ms. Palmer joined Atlantic Capital Corporation, a company which acted as a principal in municipal bond reinvestment, investing the proceeds on its own behalf. After five years with Atlantic, she then spent ten years with PackerKane, a company co-founded by Mary Packer, as a broker, marketing reinvestment products for tax-exempt and taxable municipal bond financings to issuers, financial advisors and underwriters nationwide. Ms. Palmer holds Series 7 (General Securities Representative), Series 63 (Uniform Securities Agent State Law Examination) and Series 65 (Uniform Investment Advisor) licenses with the FINRA. She was educated at Plymouth College, England and at San Diego State College, California.