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                                                                  EXHIBIT 10.119

                              EMPLOYMENT AGREEMENT

        AGREEMENT dated as of January 1, 2003 by and between I.F.S. of NJ, Inc.,
a New Jersey corporation, with its principal offices located at 5100 Park Road,
Benicia, California 94510 (the "Company"), and JACK B. HOOD, an individual
residing at 389 Gallagher Drive, Benicia, California 94510 ("Executive").

                                    RECITALS:

        WHEREAS, the Company desires to employ Executive and Executive is
desirous of and wishes to enter into such an employment arrangement, on the
terms and conditions hereinafter set forth.

        NOW, THEREFORE, it is agreed as follows:

1.   DEFINITIONS

                As used in this Agreement, the following terms shall have the
meanings set forth below:

        1.1     "Affiliate" shall mean a corporation which, directly or
indirectly, controls, is controlled by or is under common control with the
Company, and for purposes hereof, "control" shall mean the ownership of 20% or
more of the Voting Stock of the corporation in question.

        1.2     "Basic Salary" shall have the meaning assigned to that term in
Section 5.1 of this Agreement.

        1.3     "Board" shall mean the Board of Directors of the Company as duly
constituted from time to time.

        1.4     "Business" shall mean the fund raising business to be conducted
by the Company or any Subsidiary or Affiliate of any thereof, directly or
indirectly.

        1.5     "Cause" shall mean any of the following:

                (a) If Executive is convicted of (i) fraud, (ii) embezzlement,
or (iii) any other crime involving moral turpitude,

                (b) The commission by Executive of a material breach of any of
the provisions of this Agreement, on his part to be performed (including
material breach of the representation and warranty of Section 8); or

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                (c) If Executive declines to follow any significant instruction
formally directed by the CEO and formally communicated to Executive, and if
Executive adheres to such persistent refusal or neglect to follow such
instructions or policy; or


                (d) If Executive breaches his duty of loyalty to the Company
according to the laws of the State of California pursuant to California
Corporations Code Section 310.

                For purposes of this subparagraph, no act, or failure to act, on
Executive's part shall be considered "willful" unless done, or omitted to be
done, by him not in good faith and without reasonable belief that his action or
omission was in the best interest of the Company or a Subsidiary. The
determination of whether Cause exists for purposes of Section 7.4 or a
Disability exists for purposes of Section 7.2 shall be made by the CEO without
Executive's participation. For purposes of this subparagraph (b) through (d),
Executive will be given written notice of the specific factual and legal basis
of the Company's decision for determining that Cause exists. Executive shall
have thirty (30) days to cure the allegation of wrongdoing.

        1.6     "Code" shall mean the Internal Revenue Code of 1986, as amended,
and the rules, regulations and interpretations issued thereunder.

        1.7     "Commencement Date" shall be January 1, 2003.

        1.8     "Confidential Information" shall be interpreted according to
Uniform Trade Secrets Act, California Civil Code, Section 3426.

        1.9     "Disability" shall mean the inability of Executive to perform
Executive's Duties for the Company, if employed by the Company or a Subsidiary,
pursuant to the terms of this Agreement and the by-laws of the Company as
hereinafter provided, because of physical or mental disability, where such
disability shall have existed for a period of more than 90 consecutive days or
an aggregate of 120 days in any 365 day period. The existence of a Disability
means that Executive's mental and/or physical condition substantially interferes
with Executive's performance of his Duties for the Company and/or its
Subsidiaries as specified in this Agreement. The fact of whether or not a
Disability exists hereunder shall be determined by appropriate medical experts
selected by the Board without Executive's participation as a director.
Notwithstanding anything to the contrary, should the Company provide a
disability insurance policy to Executive pursuant to his employment with
Company, then the terms and conditions of the disability policy shall control
the definition of when Executive is "disabled" within the meaning of this
Section 1.9.

        1.10    "Duties" shall mean that Executive shall perform such duties as
the Company may reasonably direct, that are reasonably consistent, in the
Company's reasonable judgment, with Executive's duties as in effect on January
1, 2003.

        1.11    "Employment Year" shall mean each twelve-month period, or part
thereof, during which Executive is employed hereunder, commencing on the
Commencement Date and on the same day of the subsequent calendar year.

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        1.12    "Initial Term Date" shall have the meaning assigned to that term
in Section 3 of this Agreement.

        1.13    "Person" shall mean any individual, sole proprietorship,
partnership, joint venture, trust, unincorporated organization, association,
corporation, limited liability company, institution, public benefit corporation,
entity or government (whether federal, state, county, city, municipal or
otherwise, including without limitation any instrumentality, division, agency,
body or department thereof).

        1.14    "Restricted Period" shall have the meaning assigned to that term
in Section 10 of this Agreement.

        1.15    "Service Area" shall mean every state of the United States and
any foreign country where the Company offers its services.

        1.16    "Subsidiary" shall mean a corporation of which more than 50% of
the Voting Stock is owned, directly or indirectly, by the Company.

        1.17    "Term" shall mean the term of employment of Executive under this
Agreement.

        1.18    "Term Date" shall mean the Initial Term Date, or any date upon
which this Agreement shall terminate pursuant to Section 7 hereof.

        1.19    "Voting Stock" shall mean capital stock of a corporation which
gives the holder the right to vote in the election of directors for such
corporation in the ordinary course of business and not as the result of, or
contingent upon, the happening of any event.

        Wherever from the context it appears appropriate, each word or phrase
stated in either the singular or the plural shall include the singular and the
plural, and each pronoun stated in the masculine, feminine or neuter gender
shall include the masculine, feminine and neuter.

2.   EMPLOYMENT AND DUTIES OF EXECUTIVE

        2.1     Employment; Title; Duties. The Company hereby employs Executive,
and Executive hereby accepts appointment, as Vice President Finance, Treasurer
and Chief Financial Officer of the Company, which duty shall be performed in
Benicia, Solano County, California. The duties of Executive shall be to perform
those services set forth on Exhibit A attached hereto and incorporated herein,
to pursue the objectives of the Business, to perform generally those
responsibilities assigned to him by the CEO, and to render services as are
necessary and desirable to protect and to advance the best interests of the
Company and any Subsidiary (collectively, the "Duties"), acting, in all
instances, under the supervision of the CEO and in accordance with the policies
set by the Board. Without further compensation, Executive agrees to serve as a
director the Company.

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        2.2     Performance of Duties. Executive shall devote such time as is
reasonably necessary to perform the Duties as an executive of the Company and
for the performance of such other executive duties as are assigned to him from
time-to-time by the CEO. During the Term, Executive: (i) shall comply with all
laws, statutes, ordinances, rules and regulations relating to the Business, and
(ii) shall not engage in or become employed, directly or indirectly, in a
business which competes with the Business of the Company and any Subsidiary,
without the prior written consent of the CEO, nor shall he act as a consultant
to or provide any services to, whether on a remunerative basis or otherwise, the
commercial or professional business of any other Person which competes with the
Business.

3.   TERM OF EMPLOYMENT

        The employment of Executive pursuant to this Agreement shall commence as
of the Commencement Date and shall end on December 31, 2005 (the "Initial Term
Date"), unless sooner terminated pursuant to Section 7. This contract shall
automatically extend for a one year period beyond December 31, 2005 or any one
year extension thereafter, unless notification of not to extend is granted by
either party at least 90 days before December 31, 2005 or any one year extension
thereafter. If intention not to renew is given, severance will be provided
executive in accordance with Section 7.5.

4.   COMPENSATION AND BENEFITS

        The Company shall pay the Executive, as compensation for all of the
services to be rendered by him hereunder during the Term, and in consideration
of the various restrictions imposed upon Executive during the Term and the
Restricted Period, and otherwise under this Agreement, the Basic Salary and
other benefits as provided, for and determined pursuant to Sections 5 and 6,
inclusive, of this Agreement; provided, however, that no compensation shall be
paid to the Executive under this Agreement for any period subsequent to the
termination of employment of the Executive for any reason whatsoever, except as
provided in Section 7.

5.   BASIC SALARY

        5.1     Basic Salary. The Company shall pay Executive, as compensation
for all of the services to be rendered by him hereunder during each Employment
Year, a salary as determined by Company from time to time, provided that
Executive's base salary as in effect on January 1, 2003 shall not be reduced.
Said salary is payable in substantially equal bi-monthly payments, less such
deductions or amounts as are required to be deducted or withheld by applicable
laws or regulations, deductions for employee contributions to welfare benefits
provided by the Company to Executive and such other deductions or amounts, if
any, as are authorized by Executive. The Basic Salary shall be prorated for the
month in which employment by the Company commences or terminates, and for any
Employment Year which is less than twelve (12) months in duration. The Basic
Salary will be reviewed annually by the Board and may be increased from
time-to-time by the Board (without Executive's participation as a director).

        5.2     Additional Basic Salary. The Basic Salary payable to Executive
under this Agreement shall be subject to increase by an annual inflation
adjustment tied to the San
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Francisco-Oakland Consumer Price Index of Urban Wage Earners and Clerical
Workers (the "index") but in no event less that three percent (3%) adjusted on
each anniversary date of this Agreement. If the index for December of any year
beginning the initial calendar year following this Agreement (the "current
index") exceeds the index for the month in which this Agreement is dated (the
"base index"), the Company shall pay to Executive as an inflation adjustment the
amount by which the product of the Basic Salary for the given year and the
fraction whose numerator is the current index of that year and whose denominator
is the base index, exceeds the Basic Salary, in accordance with the following
formula:

        Inflation Adjustment = (Basic Salary for Given Year X Current Index /
Basic Index) - Basic Salary

        In no event shall the inflation adjustment under this provision be less
than three (3%) percent of the Basic Salary of the given year. This inflation
adjustment shall be effective January 1 of each year this Agreement is in
effect.

        In addition to the inflation adjustment set forth above, Executive may
receive such annual increases in Basic Salary as may be determined by the Board.
For purposes of Basic Salary increases, Executive's performance shall be
reviewed each January by the CEO and Compensation Committee of the Board of
Directors. Any Basic Salary increase approved by the Board shall be effective
January 1, following the annual review.

        Under no circumstances shall Executive's Basic Salary be decreased for
any reason.

        5.3     Bonus. In addition to the compensation set forth in this Section
5, Executive shall be considered for a cash bonus at the sole discretion of the
Company based upon Company performance standards including but not limited to
gross revenue, operating profits, and other goals and objectives accomplished by
Executive.

6.   ADDITIONAL BENEFITS AND REIMBURSEMENT FOR EXPENSES

        6.1     Additional Benefits. The Company shall provide the following
additional benefits to Executive during the Term:

                (i)     vacation with pay in each Employment Year in accordance
with the prevailing vacation policy of the Company. Executive shall also be
entitled to all holiday privileges as defined by Company policy;

                (ii)    participation in the Company defined contribution
pension plan, 401(k) plan and life, medical and disability insurance plans
currently maintained by the Company for Executive and his dependents, but only
to the extent Executive is eligible for participation under the provisions of
such plans;

                (iii)   business credit card for business use;

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                (iv)    Car allowance prorated for partial months, payable on
the first day of each month;

                (v)     Life insurance on the life of Executive in accordance
with the prevailing life insurance policy of the Company. Company agrees to make
that insurance policy payable to the beneficiary designated by Executive.

                (vi)    Disability insurance for Executive in accordance with
prevailing disability insurance policy of the Company.

                (vii)   Such other benefits as the Board shall lawfully adopt
and approve for Executive.

        6.2     Reimbursement for Expenses. The Company shall pay or reimburse
Executive for all reasonable expenses actually incurred or paid by him during
the Term in the performance of his services under this Agreement, including but
not limited to business telephone expenses, upon presentation of such bills,
expense statements, vouchers or such other supporting information as the CEO may
reasonably require. In the event the Company requires Executive to travel on
business during the Term, Executive shall be reimbursed for any travel expenses
in accordance with this Section 6.2.

        6.3     Indemnification of Losses of Executive. The Company shall, to
the maximum extent permitted by law, and the Articles and Bylaws of the Company,
indemnify and hold Executive harmless for any acts or decisions made in good
faith while performing services for the Company. These services include, but are
not limited to, acts as Vice President/CFO in the course and scope of employment
with customers, vendors, employees, and any other persons associated or
affiliated with the Company. To the same extent, the Company will pay, and
subject to any legal limitations, advance all expenses, including reasonable
attorneys' fees and costs of court-approved settlements, actually and
necessarily incurred by Executive in connection with the defense of any action,
suit, claim or proceeding and in connection with any appeal, which has been
brought against Executive by reason of his service as an employee or agent of
the Company.

        The Company shall use its best efforts to obtain insurance coverage,
including but not limited to Director's and Officer's Liability Insurance and
Employment Practice Liability Insurance for Executive (provided it may be
obtained at a reasonable cost) under any liability insurance policy or policies
now in force or hereafter obtained during the term of this Agreement that cover
other officers of the Company having comparable or lesser status and
responsibility.

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7.   TERMINATION OF EMPLOYMENT

        7.1     Death. If Executive dies during the Term, his employment under
this Agreement shall automatically terminate on the date of his death and no
further compensation shall be due hereunder to Executive or Executive's estate,
except to the extent required by law or to the extent payments are accrued and
due to Executive and which have not yet been paid.

        7.2     Disability. If, during the Term, Executive has a Disability, the
Company may, at any time after Executive has a Disability, terminate Executive's
employment by written notice to him. The date on which the Company sends written
notice of Termination under this Section 7.2 shall be the Term Date hereunder.
In the event that Executive's employment is terminated as a result of a
Disability, Executive shall cease to receive any further compensation hereunder,
except to the extent required by law or to the extent payments are accrued and
due to Executive and which have not yet been paid.

        7.3     Voluntary Termination. The Agreement may be terminated by
Executive at any time without cause upon thirty-(30) days' prior written notice
to the Company.

        7.4     Termination for Cause. The Company may terminate Executive's
employment hereunder for Cause at any time by written notice given to Executive
by the CEO. The date on which the Company sends written notice of termination
under this Section 7.4 shall be the Term Date hereunder. If Executive's
employment is terminated for Cause, he shall be entitled to receive only the
portion of his Basic Salary accrued to the Term Date and not theretofore paid to
him and reimbursement for any expenses properly incurred by Executive and
supported by appropriate vouchers, which expenses have been incurred prior to
the Term Date and not theretofore reimbursed. Except as set forth in the
immediately preceding sentence and as otherwise required by law, all of
Executive's rights to compensation hereunder shall be terminated, in the event
of termination for Cause, as of the Term Date.

        7.5     Termination without Cause. If the Company terminates Executive's
employment hereunder without Cause, Executive shall be entitled to receive, in
lieu of any other compensation hereunder, a lump sum cash payment equal to one
times the then current Basic Salary, plus continued benefit coverage consistent
with coverage provided at the time of termination in accordance with paragraph
6.1, for six months from date of termination. In addition, the Company shall
reimburse Executive for any expenses properly incurred by Executive and
supported by proper vouchers, which expenses have been incurred prior to the
date of such termination and not theretofore reimbursed and benefits otherwise
required to be provided by law.

        7.6     Effect of Merger, Transfer of Assets, or Dissolution.

                (a) This Agreement shall not be terminated by a voluntary or
involuntary dissolution of the Company resulting from either a merger or
consolidation in which the Company is not the consolidated or surviving
corporation, or a transfer of all or substantially all of the assets of the
Company.

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                (b) In the event of any such merger or consolidation or transfer
of assets, Executive's rights, benefits, and obligations hereunder shall be
assigned to the surviving or resulting corporation or the transferee of the
Company's assets.

                (c) Should any individual or entity succeed the Company as
controlling member, owner, Executive may elect not to have this Agreement
assigned to said successor.

                (d) Executive shall have the right to have this Agreement
terminated due to any of the following conditions: (i) Executive is required to
relocate from his principal place of business in Benicia, Solano County,
California; (ii) Executive's reporting relationship is materially changed; or,
(iii) Executive's Duties are materially changed. In such case, at Executive's
election, this Agreement shall be considered terminated and the Company shall
pay Executive in accordance with paragraph 7.5 herein.

                (e) Should Executive elect not to have this Agreement assigned,
the Agreement shall be considered terminated and the Company shall pay Executive
in accordance with paragraph 7.5 herein.

8.   REPRESENTATION AND WARRANTY BY EXECUTIVE

        Executive hereby represents and warrants to the Company, the same being
part of the essence of this Agreement that, as of the Commencement Date, he is
not a party to any agreement, contract or understanding, and that no facts or
circumstances exist, which would in any way restrict or prohibit him in any
material way form undertaking or performing any of his obligations under this
Agreement. The foregoing representation and warranty shall remain in effect
throughout the Term.

9.   CONFIDENTIAL INFORMATION AND PROPRIETARY INTERESTS

        9.1     Acknowledgment of Confidentiality. Executive understands and
acknowledges that he may obtain Confidential Information during the course of
his employment by the Company. Executive further acknowledges that the services
to be rendered by him are of a special, unique and extraordinary character and
that, in connection with such services, he will have access to Confidential
Information vital to the Business. Accordingly, Executive agrees that he shall
not, either during the Term or at any time during the Restricted Period, (i) use
or disclose any such Confidential Information outside the Company and any
Subsidiaries and Affiliates; (ii) publish any works, speeches or articles with
respect thereto; or (iii) except as required in the proper performance of his
services hereunder, remove or aid in the removal of any Confidential Information
or any property or material relating thereto from the premises of the Company or
an Subsidiary or Affiliate.

        The foregoing confidentiality provisions shall cease to be applicable to
any Confidential Information which becomes generally available to the public
(except by reason of or as a consequence of a breach by Executive of his
obligations under this Section 9).

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        In the event Executive is required by law or a court order to disclose
any such Confidential Information, he shall promptly notify the Company of such
requirement and provide the Company with a copy of any court order or of any law
which in his opinion requires such disclosure and, if the Company so elects, to
the extent that it is legally able, permit the Company an adequate opportunity,
at its own expense, to contest such law or court order.

        9.2     Delivery of Material. Unless authorized in writing to the
contrary, Executive shall promptly, and without charge, deliver to the Company
on the termination of his employment hereunder, or at any other time the Company
may so request, all memoranda, notes, records, reports, manuals, computer disks,
videotapes, drawings, blueprints and other documents (and all copies thereof)
relating to the Business, and all property associated therewith, which he may
then possess or have under his control.

        9.3.    Confidential Information.

                (a) The parties acknowledge and agree that during the term of
this Agreement and in the course of the discharge of his duties hereunder,
Executive shall have access to and become acquainted with information concerning
the operation processes of the Company, including without limitation, market
strategies, financial, personnel, sales, scientific, and other information that
is owned by the Company and regularly used in the operation of the Company's
business, and that such information constitutes the Company's trade secrets as
defined in paragraph 1.8.

                (b) Executive specifically agrees that he shall not misuse,
misappropriate, or disclose any such trade secrets, directly or indirectly, to
any other person or use them in any way, either during the term of this
Agreement or at any other time thereafter, except as is required in the course
of his employment hereunder.

                (c) Executive acknowledges and agrees that the sale or
unauthorized use or disclosure of any of the Company's trade secrets obtained by
Executive during the course of his employment under this Agreement, including
information concerning the Company's current or any future and proposed work,
services, or products, the facts that any such work, services, or product are
planned, under consideration, or in production, as well as any descriptions
thereof, constitute unfair competition. Executive promises and agrees not to
engage in any unfair competition with the Company, either during the term of
this Agreement or at any other time thereafter.

                (d) Executive further agrees that all files, records, documents,
drawings, specifications, equipment, and similar items relating to the Company's
business, whether prepared by Executive or others, are and shall remain
exclusively the property of the Company.

10.  NON-COMPETITION PROVISIONS

        Executive agrees that he will not during the Term and, for a period of
one year following the Term Date (the "Restricted Period"), directly or
indirectly, individually or on behalf of any Person:

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        (i)     Within the Service Area, upon receipt of consideration, take any
action or engage, or participate in or within or associated with a Person that
is engaged or becomes engaged, in a business or activity which is similar to or
competitive with the Business as presently conducted and as said Business may
evolve in the ordinary course during the Restricted Period. For purposes of this
Section 10, the terms "business or activity which is similar to or competitive
with" shall mean the marketing, promotion and selling of product-based fund
raising programs to schools and other organizations.

        (ii)    Retain as an executive, consultant or otherwise, or hire or
offer employment to, any person whom the Company, and Subsidiary or any
Affiliate engages as an executive, consultant or otherwise, where such
engagement by the Company, any Subsidiary or Affiliate related to the Business
or any business of the Company, and Subsidiary or any Affiliate similar to the
Business.

11.  DISPUTES AND REMEDIES

        11.1    Waiver of Jury Trial. EXECUTIVE AND THE COMPANY HEREBY WAIVE THE
RIGHT TO A TRIAL BY JURY IN THE EVENT OF ANY DISPUTE WHICH ARISES UNDER THIS
AGREEMENT.

        11.2    Injunctive Relief. If Executive commits a breach, or threatens
to commit a breach, of any of the provisions of Sections 9 or 10, the Company
shall have the following rights and remedies (each of which shall be independent
of the other, and shall be severally enforceable, and all of which shall be in
addition to, and not in lieu of, any other rights and remedies available to the
Company at law or in equity):

                (i)     the right and remedy to have the provisions of this
Agreement specifically enforced by any court having equity jurisdiction, it
being acknowledged by Executive that any such breach or threatened breach will
or may cause irreparable injury to the Company and that money damages will or
may not provide an adequate remedy to the Company; and

                (ii)    the right and remedy to require Executive to account for
and pay over to the Company all compensation, profits, money, increments, things
of value or other benefits, derived or received by Executive as the result of
any acts or transactions constituting a breach of any of the provisions of
Sections 9 or 10 of this Agreement, and Executive hereby agrees to account for
and pay over all such compensation, profits, money, increments, things of value
or other benefits to the Company.

        11.3    Partial Enforceability. If any provision contained in Sections 9
or 10, or any part thereof, is construed to be invalid or unenforceable, the
same shall not affect the remainder of Executive's agreements, covenants and
undertakings, or the other restrictions which he has accepted, in Sections 9 or
10, and the remaining such agreements, covenants, undertakings and restrictions
shall be given the fullest possible effect, without regard to the invalid parts.

        11.4    Adjustment of Restrictions. Despite the prior provisions of
this Section 11, if any covenant or agreement contained in Sections 9 or 10, or
any part thereof, is held by any court of

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competent jurisdiction to be unenforceable because of the duration of such
provision or the geographic area covered thereby, the court making such
determination shall have the power to reduce the duration or geographic area of
such provisions and, in its reduced form, such provision shall be enforceable.

        11.5    Attorneys Fees and Expenses. In the event that any action, suit
or other proceeding at law or in equity is brought to enforce the provisions of
this Agreement, or to obtain money damages for the breach thereof, and such
action results in the award of a judgment for money damages or in the granting
of any injuction in favor of the Company, then all reasonable expenses,
including but not limited to, reasonable attorneys' fees and disbursements
(including those incurred on appeal) of the Company in such action, suit or
other proceeding shall (on demand of the Company) forthwith be paid by
Executive. If such action results in a judgment in favor of Executive, then all
reasonable expenses, including but not limited to, reasonable attorneys' fees
and disbursements (including those incurred on appeal) of Executive in such
action, suit, costs and attorneys fees of enforcing any judgment or other
proceeding shall (on demand of Executive) forthwith be paid by the Company.

12.  SURVIVAL

        The provisions of Sections 7, 8, 9, 10, and 11 and this Section 12 shall
survive termination of this Agreement and remain enforceable according to their
terms.

13.  SEVERABILITY

        The invalidity or unenforceability of any provision of this Agreement
shall in no way affect the validity or enforceability of any other provisions
hereof.

14.  NOTICES

        All notices, demands and requests required or permitted to be given
under the provisions of this Agreement shall be deemed duly given if made in
writing and delivered personally or mailed by postage prepaid certified or
registered mail, return receipt requested, accompanied by a second copy sent by
ordinary mail, which notices shall be addressed as follows:

        If to the Company:

        IFS of N.J., Inc.
        c/o  Mr. James M. Cascino, CEO
        5100 Park Road
        Benicia, CA  94510

        If to Executive:

        Jack B. Hood
        389 Gallagher Drive
        Benicia, CA  94510

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        By notifying the other parties in writing, given as aforesaid, any party
may from time-to-time change its address or the name of any person to whose
attention notice is to be given, or may add another person to whose attention
notice is to be given, in connection with notice to any party.

15.  ASSIGNMENT AND SUCCESSORS

        Neither this Agreement nor any of his rights or duties hereunder may be
assigned or delegated by Executive. This Agreement is not assignable by the
Company without the consent of Executive, except to any successor in interest
which takes over all or substantially all of the business of the Company, as it
is conducted at the time of such assignment. Any corporation into or with which
the Company is merged or consolidated or which takes over all or substantially
all of the business of the Company shall be deemed to be a successor of the
Company for purposes hereof. This Agreement shall be binding upon and, except as
aforesaid, shall inure to the benefit of the parties and their respective
successors and permitted assigns.

16.  ENTIRE AGREEMENT, WAIVER AND OTHER

        16.1    Integration. This Agreement contains the entire agreement of the
parties hereto on its subject matter and supersedes all previous agreements
between the parties hereto, written or oral, express or implied, covering the
subject matter hereof. No representations, inducements, promises or agreement,
oral or otherwise, not embodied herein, shall be of any force or effect.

        16.2    No Waiver. No waiver or modification of any of the provisions of
this Agreement shall be valid unless in writing and signed by or on behalf of
the party granting such waiver or modification. No waiver by any party of any
breach or default hereunder shall be deemed a waiver of any repetition of such
breach or default or shall be deemed a waiver of any other breach or default,
nor shall it in any way affect any of the other terms or conditions of this
Agreement or the enforceability thereof. No failure of the Company to exercise
any power given it hereunder or to insist upon strict compliance by Executive
with any obligation hereunder, and no customer or practice at variance with the
terms hereof, shall constitute a waiver of the right of the Company to demand
strict compliance with the terms hereof.

        Executive shall not have the right to sign any waiver or modification of
any provisions of this Agreement on behalf of the Company, nor shall any action
taken by Executive reduce his obligations under this Agreement.

        This Agreement may not be supplemented or rescinded except by instrument
in writing signed by all of the parties hereto after the date hereof. Neither
this Agreement nor any of the rights of any of the parties hereunder may be
terminated except as provided herein. No waiver of any provision of this
Agreement or any amendment of this Agreement shall be binding upon the Company
unless approved by the Board.

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17.  GOVERNING LAW

        This Agreement shall be governed by and construed, and the rights and
obligations of the parties hereto enforced, in accordance with the laws of the
State of California.

18.  HEADINGS

        The Section and Subsection headings contained herein are for reference
purposes only and shall not in any way affect the meaning or interpretation of
this Agreement.

19.  REPLACEMENT OF PRIOR AGREEMENTS

        This Agreement replaces all previous written or oral employment
agreements between IFS and Executive all of which are hereby terminated without
any further liability of the Company, or Executive.

20.  CORPORATE AUTHORITY

        The execution, delivery, and performance of this Agreement have been
duly authorized by all necessary corporate action on the party of the Company.

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above, to be effective as of the Commencement Date.

                               IFS of N.J., Inc.


                           By: /s/ JAMES M. CASCINO
                               ---------------------------
                               Name:  James M. Cascino
                               Title: CEO


                               /s/ JACK B. HOOD
                               ---------------------------
                               Jack B. Hood

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<PAGE>

                                    EXHIBIT A

        The principal duty of Executive as Vice President and Chief Financial
Officer of the Company shall be to perform the services set forth below:

        (1)     Assist in development and implementation of a strategic plan for
                the Company.

        (2)     Develop annual budgets for the Corporation.

        (3)     Establish proper controls, procedures and safeguards to ensure
                proper financial reporting and safeguarding of company assets.

        (4)     Supervise and manage the financial and reporting operations of
                the Company.

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