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PHILIP S. SHELDON, C.P.A., J.D.

** ******** **** *********, ** 07726

acokhm@r.postjobfree.com

***- ***-****

Proven hands-on CPA/JD with financial and

legal background and significant experience in operations and

in developing and implementing strategic plans,

turnarounds, expense reduction, negotiating financing, and

building reporting systems. Tax expertise.

Excellent leadership, problem-solving and communication skills.

2010 - Present Roman Thomas, Inc., New

York, NY

Chief Financial

Officer

Directed finance and administration for

manufacturer/retailer of custom furniture, lighting and

accessories.

. Created and implemented accounting system and

controls for start-up manufacturing division

located in

Ridgewood, NY.

. Renegotiated bank loans that were in work-out

status and corporate leases to obtain more

favorable terms.

. Obtained significant personal tax refunds for

owners resulting from the implementation of a

change in

accounting principle.

. Researched and obtained NYC commercial real

estate tax credit totaling $360,000.

2006 - 2009 Picasso Lighting, Inc.,

Hillside, NJ

Chief Financial

Officer

Directed finance, administration and

warehouse for $14 million importer/distributor/manufacturer and

retailer of

lighting products and accessories.

. Initiated production of monthly financial

statements.

. Engineered ongoing reduction of operating

expenses ($1.2 million, or 23% in 2007).

. Negotiated $7.5 million debt refinancing with

bank resulting in substantial debt

forgiveness.

2005 - 2006 Sitlax Ltd., Avenel,

N.J.

Chief Financial Officer

Directed finance and warehouse for $15

million importer/distributor of bath and kitchenware.

Company was sold to a third party.

. Reengineered purchasing function enabling company to buy

more efficiently, increasing inventory turns, and

improving customer satisfaction.

. Enhanced warehouse efficiency by introducing inventory

locator system.

. Negotiated sale of company on terms favorable to owner.

2004 - 2005 The Furniture King,

Inc., Newark, N.J.

Chief Financial

Officer

Directed financial and

administrative functions of $20 million, seven store furniture

retailer located in metropolitan area.

Company went out of business.

. Streamlined operation of warehouse increasing

efficiency of distribution process.

. Developed business plan and strategy enabling

financial survival after company sustained

large loss in 2003.

. Developed strategy with outside attorney for

declaring corporate bankruptcy.

1998 - 2003 Corporate Child Care of

America/Milestone School for Child Development, Hasbrouck

Heights, N.J.

Chief Financial Officer and Chief

Operating Officer

Directed finance and operations

for provider of childcare service and non-profit school services.

. Negotiated with government agencies to

substantially reduce liability for tuition

overpayments.

. Implemented accounting controls over billing

function significantly increasing cash flow

and earnings.

. Created and implemented business plan enabling

company to achieve profitability after

previously incurring

over $1

million in losses.

Page two

PHILIP S. SHELDON, C.P.A., J.D.

1996 - 1998 Empire State Leather

Corp., Carlstadt, N.J.

Chief Financial Officer

Directed finance and operations for $15

million manufacturer and processor of leather and leather

related products.

Company was liquidated due to death of

owner.

. Significantly improved relationship with

factor.

. Successfully negotiated terms and conditions

of exit of one of owners of company.

. Modernized and streamlined accounting system

by introducing new financial software.

PREVIOUS EXPERIENCE

After graduating from Bernard Baruch College and

receiving B.B.A. degree, obtained approximately five

years

of public accounting experience at Alexander Grant and

Company, CPAs. Audit assignments included

manufacturing,

distribution, retail and leisure industries with

strong emphasis in SEC and taxes. Obtained CPA license

from New York

State.

During the following five years, exited public

accounting for first two private accounting positions

as Special Projects

Accountant at Babcock and Wilcox, NY, NY

and American Express Company, NY, NY. Obtained Juris Doctor

degree

from New York Law School.

Moved to New Jersey and was employed for

four years at Electro-Nucleonics, Inc., Fairfield, NJ, as

Controller and at

Wellington Industries, Inc., Paterson, NJ

for five years as Chief Financial Officer/Vice President of

Finance.

The companies were $40 to $60 million

manufacturers of biomedical equipment, and outdoor furniture

and accessories,

respectively. Responsibilities included

preparation of monthly financial statements and annual report

and corporate

budgets. Also directed SEC, tax compliance

and cash management. Successfully raised capital through

initial and

secondary stock offerings. Negotiated

bank lines of credit. Finalized acquisition negotiations.

Subsequently worked at Avenues in Leather,

Inc.,Tinton Falls, NJ as Vice President of Finance. Company

was a

$28 million importer and distributor of

personal businessware. Directed finance, administration,

import and warehouse.

Maximized the value of corporate assets

enabling company to remain operational despite substantial

losses and limited

stockholder's equity. Modernized and

computerized accounting, sales entry and purchasing systems

and reengineered

import function.

Later employed at Reprise Capital

Corporation, Westbury, Long Island, NY, an investor in a

portfolio of "financially

distressed companies" serving at investee

companies in the capacities of Chief Financial Office

Secretary, Treasurer

and Chief Operating Officer, including

Howe Richardson Inc., Wayne, NJ, a $130 million international

manufacturer

of industrial weighing systems and

products, Lodge & Shipley, Cincinnati, Ohio, a $12 million

manufacturer of industrial

machinery and The Simone Group,

Inc.,Moonachie, NJ, a $60 million importer and distributor of

shoes and handbags.

Responsibilities included all internal and

external financial reporting, budgets, SEC, tax compliance,

maintenance of

relationships with bankers and factors,

and the supervision of various departments, including MIS and

Human Resources.

Served as liaison with outside counsel.

Streamlined operation of warehouse increasing efficiency of

distribution process.

Developed and implemented business plans

enabling companies to remain operational despite large losses,

severe cash

problems and limited availability of bank

credit. Performed legal work previously placed with outside

counsel,

significantly reducing legal fees.

EDUCATION Juris Doctor, New York Law

School

B.B.A., Bernard M. Baruch College of

C.U.N.Y., Cum Laude

Certified Public Accountant - New

York

COMPUTER SKILLS Utilized most financial

software systems; supervised MIS department.

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