Mr. Armona oversees the Meruelo Group managed a family of companies, having equity interests in and sitting on the board of many of those companies, most notably, Meruelo Enterprises, Inc., a holding company owning Southern California utility construction contractors Herman Weissker, Inc., Herman Weissker Power, Inc., Doty Bros. Equipment Company, and Tidwell Excavation, Inc., and electrical contractors Neal Electric Corp., and Select Electric, Inc. Those companies work extensively on major private and public construction projects. Other Meruelo Group-affiliated operating companies include La Pizza Loca, Inc., Fuji Food Product, Inc., and Fujisan Franchising Corp. Since 1987, Mr. Armona has participated in the successful development of over 25 apartment communities and 20 shopping centers in Southern California and Southern Florida, primarily in Hispanic neighborhoods. He provides exclusive management of maintenance services to Cantamar Property Management, Inc., which manages residential and commercial properties throughout Southern California. Since 1990 Mr. Armona is the owner and CEO of the real estate development and management firm, Merona Enterprises, Inc. Since 2004, Mr. Armona is the owner and CEO of Mambises Enterprises, Inc., a real estate development firm. In 2011,

Mr. Armona entered the gaming and hospitality industry acquiring an ownership interest in the Grand Sierra Resort and Casino located in Reno, Nevada. The resort features luxury accommodations, gaming, fine dining, quality entertainment and activities, and large convention facilities. He is also a strategic consultant to the iconic Sahara Las Vegas Casino and Hotel located on the “Fabulous Strip” in Las Vegas, Nevada. In that same year, Mr. Armona also diversified into broadcast media through the acquisition of an ownership interest in KWHY-TV (22), a Spanish-language television station in Los Angeles, California, and has since expanded to include an ownership interest in Meruelo Media LLC which owns and operates iconic Southern California radios stations KPWR-FM 106, KLOS-FM 95.5, KDAY-FM 93.5, and CALI-FM 93.9. Mr. Armona has ownership interests in and sits on the board of NCAL Bancorp which does business as Commercial Bank of California. Mr. Armona serves as an alternate governor of the National Hockey League Arizona Coyotes Club Franchise.