Interim CFO / Chief Restructuring Officer (CRO) – Technology Staffing Company

Led a turnaround after several years of reoccurring losses. As Interim CFO, initiated and implemented a plan to increase gross margin and reduce operating cost, resulting in a 50% increase in gross margin within one year, as well as and its first profitable quarter

Interim CFO – Multi-Million-Dollar Electronics Distributor

Successfully restructured the balance sheet and negotiated new financing agreement with the Company’s lenders, implementing a plan for debt reduction while reducing interest expense; Created new daily and monthly reports to allow for an-depth analysis of the business

Part Time CFO – Wet Wipes and Face Mask Manufacturer

Hired to assist in buying the assets of a predecessor wet wipes manufacturer from its secured lender. Closed a multi-million dollar acquisition of a disposable wipes manufacturer with over 100% long-term financing. Reviewed monthly financials, prepared budgets and forecasts, and negotiated additional financing as needed. Restructured financials by product lines, allowing management to better understand cost and profitability structures.

Interim CFO & COO – Military Contractor

Asked by the secured lender to prepare a rescue plan; negotiated a new financing agreement for the Company; During the first year, turned around the Company from years of successive loses to an EBITDA of $1.5M, while reducing its debt by $1.0M; Company continued its profitability and debt reduction in the following 2 years. Improved Manufacturing productivity by over 75%

Chief Restructuring Officer – Black Car Company

Asked by secured lender to prepare a rescue plan. Streamlined operations, changed sales team, and hired an outside company for business development; Sold the company at a price that paid off all secured and most unsecured debtors; owner was hired by the buyer

Interim CFO – Publicly Held Prescription Drugs Benefit Company

Stepped in when Company lacked cash; reduced cost and assisted in closing a convertible note round of financing; Advised Board of Directors on finance and operations

CFO & COO – Manufacturer & Distributor of Pet Toys and Apparel

Worked with the Company and its asset-based lender to liquidate assets; Successfully paid all secured debt to lender and released Vo-Toys owners from their personal guarantees.

Chief Restructuring Officer – DVD & CD Distributor

Acted on behalf of its secured lender to successfully liquidate all assets while avoiding bankruptcy; Secured lender was paid in full and the owner was released from all personal guarantees

CFO & Acting COO, Medical Device Public Company

Increased manufacturing productivity (up 224% in 5 months) and restructured the balance-sheet, allowing for fast growth on an improved financial and operational infrastructure; Analyzed operations of 2 factories and created improved efficiencies and reduced cost (savings of $800K); Sold a product line that allowed the Company to develop a new product line.

CFO / Turnaround, Public Telecom Company

Directed successful turnaround from $4.5M loss, to $2M and 2.8M profit in following 2 years; Reviewed product line and eliminated losing products; Restructured Accounting Dept. and accelerated the monthly closing from 17 days to 5 days; Implemented new IT system, improving efficiency and management reports.

Workouts & Liquidation

For an Asset Based Lender – liquidated the assets of 2 companies, with 100% of its outstanding debt paid in full. Also, successfully sold the assets of a debtor company within a week, before the company was forced to shut down due to lack of cash.