• Reorganized company and successfully emerged from Chapter 11 process within 12 months through reductions in labor and manufacturing costs while maintaining revenue base. Restored employee, customer, ownership and vendor morale. For more information, click here.
  
  
• Restructured struggling company’s finances to post first profit in two years, subsequently attracting a buyer and successfully emerging from Chapter 11 reorganization. For more information, click here.
  
  
• Lauded for reorganizing company by orchestrating benchmark Chapter 11 case that allowed company to post first profit in more than five years and accumulate positive cash flow balance of $1M+ that allowed enough financial strength to attract purchaser willing to pay all creditors 100% of claims. Entire Chapter 11 process was recognized by the Cleveland Plain Dealer as a model of how formal reorganization process should work. For more information, click here.
  
  
• Exacted turnaround of teleservices company: coordinated payment arrangements with all vendors to bring them current within nine months utilizing a sophisticated cash flow model; negotiated new terms with bank stakeholders for reorganization of company; analyzed, developed plan and supervised closing of three plant sites; and met with foreign governments in Caribbean to explore outsourcing.
  
  
• Trained executive management on steps to be completed for a successful turnaround and reduced expenses by approximately 35% by reorganizing executive and management team.

• Spearheaded complex acquisition that enabled company to leverage property and tax software customer base to increase revenue by $1M within one year and boost total revenue by 50% in three years. Company became leading provider of property tax software in the market. For more information, click here.
  
  
• Reaped 67% profit increase and $900K ROI for holding company by negotiating capital infusion for acquisition of software company. For more information, click here.
  
  
• Cultivated creative acquisition plans for Sento Telemarketing and Clinix Software companies, developed extensive cash flow model, and completed due diligence. Acted as lead negotiator for the Clinix acquisition and subsequent divestiture.
  
  
• Led due diligence and subsequent acquisition of a Computer-Assisted Mass Appraisal (CAMA) software company.
  
  
• Instrumental in divestiture of a $40M teleservices company.
  
  
• Performed due diligence for reverse acquisition, wherein previous personal advisement to Board of Directors against acquisition of the company was justified when acquired company entered Chapter 11 within six months of acquisition.
  
  
• Assisted in negotiations and purchase agreement review for acquisitions of multimillion-dollar assets, such as MRI machines and acquisitions/divestitures of hospital operating units.

• Streamlined company’s accounting process by cross-training all employees and centralizing general accounting functions within corporate HQ, saving company 25% in accounting and payroll costs and boosting productivity by more than 30%. For more information, click here.
  
  
• Automated company’s labor and production reporting through development of IVR (Internet Voice Response) technology, streamlining the processing of 1,500+ payroll and production efficiency monitoring. For more information, click here.
  
  
• Evolved job cost system utilizing Real World Accounting software for $10M software/services company.
  
  
• Converted outdated accounting software to state-of-the-art system, allowing company to exchange financial data between all offices on a relatively “thin” client server network.
  
  
• Diminished accounting department’s monthly reporting cycle to five business days from nearly six months of delinquency.
  
  
• Reengineered cash position workbook, allowing company to track cash positions at all 14 operating hospital units and invest excess cash on a daily basis.

• Championed favorable buyout strategy for shareholders, wherein 87% beneficial holders received $900K ROI and remaining 13% equity holder maintained position with minority shareholder rights and protection for any downside event. For more information, click here.
  
  
• Delineated turnaround plan and liquidation contingency to eight bank lenders, successfully securing deferment of past due principal and interest for acquired company, saving holding company more than $400K in total cash. For more information, click here.
  
  
• Led development of business plans for startup enterprises and their organization, formation and funding.
  
  
• Created comprehensive business plan for company as a blueprint for expansion into franchise concept.

• Solved cash flow shortage by collaborating with largest customer to secure payments for work in process, ensuring continued payroll and vendor payments and salvaging continued operation of the company. For more information, click here.
  
  
• Secured new line of credit with A/R financing company that boosted cash flow $500K, 17% higher than previous $3M line of credit from bank. For more information, click here.
  
  
• Instilled cash flow management in severely distressed company with negative cash flow, allowing company to survive long enough to be sold.

• Leveraged personal relationships and good will with key employees to influence their cooperation and ensure smooth closure of company operations. Assisted all remaining employees in finding new employment. For more information, click here.
  
  
• Boosted revenue 8% to $3.5M and grew EBITDA 64% over two years through strong emphasis on marketing and restructuring of company’s financials. Established new corporate office in Nashville (central to healthcare industry) and reduced President’s travel time by approximately 60%. Created business plan and company budget, and negotiated $500K working capital line and $1.5M loan used to purchase company.
  
  
• Provided outsourced CFO and COO services to a variety of small- to medium-sized businesses, concentrating on turning around distressed companies in the high-tech and software industries.
  
  
• Proven communicator and teacher, exhibited by 90%+ student evaluation rating in teaching college level courses in such areas as Finance, Mergers and Acquisitions, Business Planning, Accounting and Auditing.

• Captured $9.4M purchase agreement reconciliation, 56% of purchase price, through audit of working capital accounts. For more information, click here.
  
  
• Acquired five new clients, providing approximately 10% of company’s annualized consulting revenue ($2M) and representing more than 50% of new revenue acquired during personal tenure.
  
  
• Directed monthly financial close, as well as financial statement and account analysis for $500M research hospital.

• Negotiated significant lines of credit for $40M teleservices company: $5M bank line of credit, $350K lease line, $3.5M receivable line of credit, and financial terms for new $3.1M computer system. Developed complex cash flow models and reorganization plan, which included liquidation analysis and financial and cash forecasts.
  
  
• Amplified company’s available cash by $5M through negotiation of new line of credit with Comerica Bank.
  
  
• Enabled $100K purchase-price refund for client by identifying discrepancies in working capital section of purchase agreement.
  
  
• Established analysis matrix utilized for corporation’s selection of investment bank firm.

• Developed model via Lotus 1-2-3 to track investment portion of endowment fund.
  
  
• Designed and implemented analytical model that achieved unprecedented (more than 70%) accuracy level in predicting daily cash flow needs.
  
  
• Created three advanced job-costing systems for software development and manufacturing companies.

• Stabilized major holding and sold one division for more than purchase price of entire company.
  
  
• Identified and championed acquisition of software division of healthcare billing company and subsequently sold 87% of the equity for $900K, representing ROI of 69% on the purchase price, within 2½ years of purchase date.
  
  
• Negotiated sale of distressed high-tech manufacturing company under guidelines of Chapter 11 proceedings to allow for creditors to receive some value for their debt and enable creditors to become restricted shareholders of the new company.