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Sample Advisory and Interim Management Assignments

  Sample Advisory and Interim Management Assignments

Manufacturer of Gauges: Advisor to an industrial guage manufacturer 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 fund-raising memorandum.

Software Engineering Design Services: Chief Restructuring Officer for a national service company 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.

Gas Distributor: Consultant to $30 million gas distributor engaged to assist in cost reductions, financial restructuring and refinancing of the bank debt. Was able to significantly improve performance and finance out the current lender.

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.

Non-Performing Condominium Project: Financial Advisor for the bank on a $60 million, 126 unit condominium project. Responsible for managing the funding and completion of $20 million of construction. Assisted in the sale process.

Musical Instrument Company: Interim CEO of a company selling and renting musical instruments from five 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.

Furniture Manufacturer: Assignee for the Benefit of the Creditors for a well known New England based manufacturer of solid wood bedroom and juvenile furniture. Operated the company, reduced non-essential operations and sought a buyer for the company. Sold the company, repaid senior debt and provided a 40 cent dividend to unsecured creditors.

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.

Stalled Condominium Project: Restructuring Consultant to developer of a stalled 493 unit condominium, single family and townhouse master-planned community on 217 acres with 113 units sold and 45 partially completed. Completed a viability analysis, developed restructuring scenarios and located new financing.

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. Developed employee transition plans and assisted in the sale process.

Distributor of Kitchen Equipment: Advisor to a distributor of equipment and supplies to the Foodservice Industry. Maintained key customer and vendor relationships, managed cash and sought buyers. Sold to industry buyer and repaid secured and unsecured creditors in full.

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, R&D and warehouse properties during the disposition of the assets. Creditors received a dividend of approximately 80 cents.

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

Specialty Textile Manufacturer: Advisor to a $40 million manufacturer providing assistance with cash flow management and cost reductions. Was able to substantially reduce cash burn while concurrently seeking a buyer for the company. Sold the company to a strategic buyer.

Stalled Condominium Project: Consultant to the developer of a $90 million, 32 story, 104 unit high rise condominium project. Assisted in the refinancing of the project and repositioning the project from condos to rental apartments.