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Sample Advisory and Interim Management Assignments

  Sample Advisory and Interim Management Assignments

Manufacturer of Gauges: Advisor to a $13 million manufacturer of gauges on financial matters, banking relationships and strategic planning. Worked with the company on a plan to roll out a new product line including review of financing alternatives and preparation of a find-raising memorandum.

Software Engineering Design Services: Chief Restructuring Officer for a firm providing engineers on a contract basis for client software engineering projects. Substantially reduced costs, restructured operations, obtained new financing and returned the company to profitability.

Service Franchise Operation: Chief Restructuring Officer for national franchise operation in Chapter 11 with 180 locations throughout the United States, Canada and Europe. Maintained the integrity of the company thru crisis caused by an NBC spotlight team report, re-focused the organization and implemented a new business strategy.

Musical Instrument Company: Interim CEO of a $15 million company selling and renting musical instruments from 5 locations in the Northeast. Reorganized the operations and instituted new financial information systems, procedures and reporting. Restructured $8 million of debt and raised $4 million of senior, mezzanine and equity capital.

Franchise Insurance Company: Interim CEO for an e-commerce business-to-business technology company, providing an end-to-end solution for issuing property and casualty insurance policies nationally. At its peak, the company had 500 employees operating in 14 states with three operating divisions. Reduced burn rate, reorganized operations and negotiated sales, alliances and mergers for portions of the company.

Consumer Goods Manufacturer: Engaged to act as Chief Restructuring Officer for a $220 million branded consumer product company, in the event a sale of the company was not successfully consummated. Develop employee transition plans and assisted in the sale process.

Food Distribution Business: Managed the successful sale of a $20 million food distribution business with operations throughout New England.

Energy Service Company: Interim CEO for a publicly owned, energy management company with four operating divisions in five states and Canada. Sold two divisions, reduced operating costs and reorganized and refocused the sales force. Raised capital through merger with a public utility company.

Real Estate Development Company: Creditor Trustee for a $120 million real estate development company with seven separate Chapter 11 cases. Responsible for the sale of more than 200 assets in 50 partnerships. Managed real estate operations for hotels, apartments, golf resorts, and R$D and warehouse properties during the liquidation of the assets. Creditors received a dividend of approximately 80 cents.

Steel Building Fabrication Company: Chief Restructuring Officer for a $30 million steel building fabrication company. Restructured the balance sheet, raised working capital, increased sales, improved gross margins and lowered the breakeven point - all resulting in increased profits.

Not-For-Profit: Co-Receiver for a not-for-profit organization with substantial cash and real estate holdings. Worked with the Attorney General's Office concerning improper administration by the Trustees for the non-profit. Sold the assets and re-established the not-for-profit status of the organization.

Charter Airline: Crisis Manager for an insolvent charter airline. Discontinued unprofitable routes, managed cash and vendor relations through period of insolvency.

National Mortgage Company: Interim CFO for a national mortgage company with more than $100 million in unfunded closing commitments. Determined unhedged/unrealized losses and minimized consumer claims.