Imho, as stated below, Mr. Packer worked for Shoreline Partners for 10 years in Investment Banking. Shoreline Partners specializes in Mergers & Acquisitions. So..... he definately has the experience for type of transaction. Now, he is on the board of directors for e.Digital as an independent Director and on the Company’s Audit committee. Whether or not he is on the board for this reason is unclear. I imagine something like this is HIGHLY CONFIDENTIAL and has to be kept on the down low. So.... as usual with e.Digital, more will be revealed... stay tuned. If he is not on the board for this reason, he is still on the board for some damn reason... he did not just wake up one day and say... I would like to be on the board of directors for e.Digital...lol

RUSSELL H. PACKER JOINS eDIGITAL BOARD OF DIRECTORS

Mr. Packer is the former CFO of Geometric Results Incorporated (“GRI”), a Ford Motor Company business and technology services subsidiary. During his eight-year tenure at GRI, revenue increased from $3 million per month to over $800 million per year. Russ previously spent five years as a financial executive with Coca-Cola, including work on the IPO of Coca-Cola Enterprises, and ten years in investment banking with Shoreline Partners and Delphos Group. He holds a B.S. in Business Administration and an MBA from USC.

http://www.shoreline.com/

Shoreline Partners

Our team of experienced M&A advisors successfully markets, negotiates, and closes sale, acquisition and financing transactions for the owners of privately held companies. Since 1992, our licensed professionals have closed transactions across a wide variety of industries. We use our decades of business experience to understand our clients' objectives and achieve optimal results. Our core strengths include:

• Preserving confidentiality - a must for privately held companies.​

• Identifying and communicating the core value propositions of our clients.

• Negotiating with multiple parties in a private auction setting to obtain the highest and best deal terms.

• Creatively solving problems in deal structure and transaction documents.

• Shepherding each transaction from beginning to closing, working closely with our clients' other advisors including attorneys, CPAs and wealth advisors.

• Representing our clients beyond closing in future payments including escrows, earnouts and seller notes.