Mark E. Schwarz

Mark E. Schwarz has served as a member of MedQuist's board of directors since December 2007 and currently serves as a member of the Audit Committee, the Compensation Committee and the Nominating Committee. Since 1993, Schwarz has served, directly or indirectly through entities he controls, as the sole general partner of Newcastle Partners, L.P., a private investment firm. Since 2000, he has also served as the President and sole Managing Member of Newcastle Capital Group, L.L.C., the general partner of Newcastle Capital Management, L.P., a private investment management firm. From 1995 until 1999, Schwarz was also a Vice President of Sandera Capital Management, L.L.C. and, from 1993 until 1996, was a securities analyst and portfolio manager for SCM Advisors, L.L.C., both of which were private investment management firms associated with the Lamar Hunt family.

Schwarz presently serves as Chairman of the boards of directors of Pizza Inn Inc., an operator and franchisor of pizza restaurants; Bell Industries Inc., a company primarily engaged in providing computer systems integration services; and New Century Equity Holdings Corp., a company in transition that is currently seeking potential merger and acquisition candidates. Schwarz is also a director of Nashua Corporation, a manufacturer of specialty papers, labels and printing supplies; Hallmark Financial Services Inc., an insurance holding company that engages in the sale of property/casualty insurance products to businesses and individuals; and SL Industries Inc., a developer of power systems used in a variety of aerospace, computer, datacom, industrial, medical, telecom, transportation and utility equipment applications.