William R. Colucci
Chairman of the Board
Mr. Colucci is a recognized authority on operations and finance, he serves as an important resource for businesses ranging from start-ups to those with established revenues exceeding $20 million. His decades of hands-on executive experience are evident in the solutions he brings to GelStat. Before joining GelStat Mr. Colucci co-founded Universal Capital and brought profitability to a national ink manufacturer's regional division by reducing inventory, streamlining manufacturing and delivery systems, and rearranging sales territories. In addition to his extensive knowledge of operational troubleshooting, Mr. Colucci brings his talents as an advisor in commercial real estate including industrial land use, marinas and income properties. He earned a bachelor's degree in economics from St. Joseph's University and regularly attends continuing education seminars to stay abreast of the latest business techniques and trends.
Adrian G. Goldfarb
Consultant – Director - (Head of Audit Committee)
Mr. Goldfarb has more than 25 years experience in a number of different technology companies including IBM and a Fujitsu subsidiary. In addition to extensive international experience in a variety of management roles, he served as General Manager for the European affiliate of The Weather Channel and was responsible for turning around its European operations after multiple years of losses under previous management. He has most recently been involved in the private equity space, both as a management consultant and investor and recently concluded the sale of one of those companies to a large European investment group. Mr. Goldfarb specializes in the turnaround and growth of emerging companies with a focus on strategic planning and prudent financial management.
Mr. Goldfarb is a graduate of Rutgers University in New Jersey with a BA in Business Administration specializing in Finance.
Paul W. Bucha
Director
Mr. Bucha has over 40 years of experience, serving a number of senior executive level leadership positions within a wide range of industries including real estate, international trade, international licensing, manufacturing, marketing hospitality and defense contracting. Prior to his foray into the business world, Mr. Bucha served as a Captain and Company Commander in the elite U.S. Army Rangers, and is one of the 85 living recipients of the Congressional Medal of Honor. While serving, Mr. Bucha also earned the Bronze Star, a Purple Heart, Vietnam Cross of Gallantry, the Army Commendation Medal, the Civic Action Medal, the National Defense Service Medal, and the Vietnam Service Medal. Mr. Bucha earned his Masters of Business Administration at Stanford University Graduate School of Business and earned his undergraduate education at the United States Military Academy at West Point.

