CONFIDENTIAL

David William Friend, CPA, MBA

**** ****** **** ****.

Windermere, FL 34786

321-***-****

acpgq6@r.postjobfree.com

Chief Financial Officer

Related Accomplishments

• Praised for remarkably increasing by $12.3 million shareholder value by creatively

mortgaging Special Use Marine Oil Spill Response Vessel causing proceeds to be

immediately distributed to appreciative shareholders.

• Implemented a new financial system for a $60 million revenue construction company

delivering significantly improved financial data and business intelligence.

• Negotiated the acquisition of a $1.3 million operating facility reducing operational costs by

62%.

• Saved a $55 million construction project that was on the verge of being lost to a

competitor by innovatively recommending cost optimization strategy reducing project

costs by $1.2 million, thus saving the project.

• Reduced by 23% annual audit expenses of $130k in first year by honing and transforming

inherited four member staff into a far more effective team.

• Renegotiated a 19,000 square foot long-term office lease with five years remaining to

take advantage of favorable market conditions resulting in reductions of related expenses

of 34%.

Professional Experience

ODC CONSTRUCTION LLC, Orlando, FL 01/14 – 02/15

($60 Million Revenue Turnkey Residential Shell Contractor).

Chief Financial Officer

Responsible for all financial operations of company. Implemented a new financial system.

Developed the company’s first annual Plan. Created internal reporting formats and receivables

monitoring resulting in a reduction of $3.2 million in line of credit borrowings. Negotiated the

acquisition of a new $1.3 million operating facility. Renegotiated the company’s line of credit

facility. Reviewed all construction contracts. Oversaw all activities of external counsel.

ADVISORY FINANCIAL GROUP, Orlando, FL 05/12 – 01/14

(An Accounting and Finance consultancy).

Managing Director and Independent Consultant

Providing various finance, accounting, auditing and interim CFO services to small and mid-size

companies. Performed an engagement to convert an insurance industry client from cash basis

to accrual basis accounting, assist in completion of several audits by Ernst & Young, implement

Great Plains software, complete a SOX 404 internal controls remediation and take the client

public on the NASDAQ through the filing of its S-1.

David William Friend, CPA, MBA, p. 2 – 321-***-****

TURNER CONSTRUCTION COMPANY, Orlando, FL 02/04 –

05/12

($8 billion revenue 5,000 employees 1,200 projects Ranked 1st or 2nd in major market segments).

Financial Manager (Business Unit CFO/Controller)

Directed Orlando’s Largest Commercial Construction Company’s Business Unit, a 12 member

dept. (accounting & project engineering pros) and $1 million budget. Developed Unit’s five-year

Strategic Plan, 12-month revolving forecasts and annual plan. Supervised Unit’s Monthly,

Quarterly, and Annual reporting. Primary Internal & External Audit contact. Acted as financial

advisor to Operational Leadership. Analyzed high risk projects to determine required reserves

and develop Mitigation Plans. Audited project controls group to ensure quarterly financial

reviews of projects were completed in accordance with company financial and operational

policies. Assisted Estimating Department in developing initial project budgets. Tracked project

results from inception to post-construction close-out. Designated business unit Compliance

Officer. Responsible for implementing SAP within business unit. Managed the company’s

captive insurance and surety programs. Reviewed construction contracts. Directed activities of

external counsel.

CFO SERVICES, INC., Boca Raton, FL 08/03 – 02/04

(A staffing and consulting firm that places on interim basis High Level Financial Management).

Interim Controller

Reported to Interim CFO of Boca Raton Community Hospital, 350-bed acute care not-for-profit

medical facility serving a diverse patient base. Provided month-end and year-end closes,

preparation of monthly reporting packages for Board of Directors, and coordinated year-end

audit.

INDEPENDENT FINANCIAL CONTRACTOR – Coral Springs, FL 01/03 – 08/03

(Self-employed consulting firm).

Financial Consultant

Performed pro forma financial analyses and feasibility studies for a UK-based investment group

seeking to import and market a line of Chinese-manufactured electronic security devices in the

U.S.

STATIA TERMINALS, INC., Deerfield Beach, FL 03/98 – 01/03

(Terminal services to oil and gas industry. NASDAQ listed. Admin HQ Deerfield Beach).

Finance Director (Acting Controller in absence of Controller)

Directed filings S-1, 10K, and 10Q (including footnotes), MD&A, and pro forma financial statement

preparation and quarterly review of compliance with complex bond indenture covenants. Designated liaison

to banks, trustees, and external auditors’ primary contact. Reviewed and analyzed new FASB accounting

pronouncements’ impact. Performed five-year Strategic Plan - Income Statement - Balance Sheet - Cash

Flow & Capital Project projections. Represented company at Caribbean and Canadian facilities’ annual

budget meetings. Prepared Annual Budget - income and balance sheet statements - cash flow budgets.

• Singled-out by CFO and legal counsel for flawless end-products related to five New York-based IPO

prospectus drafting sessions. Collaborated with company’s Senior Executives, Internal and External

Counsel, Auditors, and Investment Bankers.

• Recognized as effective Investor Relations Liaison with stock analysts and for vetting analysts’

financial models that estimated company’s equity value. Successfully supported CFO’s quarterly

analysts’ conference calls.

• Praised for keen financial models analysis and prep for six proposed development projects,

computation of internal rates of return, and on-time delivery of five-year income statement and cash

flow projections.

David William Friend, CPA, MBA, p. 3 – 321-***-****

Earlier Professional Experience

Two years, Controller, Paragon Construction, Inc., World Headquarters, North Palm Beach, FL, $30

million revenue International Construction Company, operations in U.S., Mexico, China, and Southeast

Asia. Four years, Supervisor Corporate Reporting, Sensormatic Electronics Corporation, HQ in Boca

Raton, FL, $1 billion revenue NYSE-listed firm, 35 Domestic and International subsidiaries, now Tyco

International unit. Four years Big 4 Public Accounting, Ernst & Young, KPMG, West Palm Beach, FL

Senior & Staff Auditor, Commercial Banking, Savings & Loan Associations, Healthcare, Manufacturing

(High Technology), Construction, Insurance, and Hospitality.

Education

Florida CPA - Elijah Watt Sells*

Certificate of High Performance on CPA exam – 1989

* Elijah Watt Sells award earned by David W. Friend for exemplary performance on all four sections of the Uniform CPA Examination!

MBA – Finance - 2004 & BS – Accounting w/honors – 1988

University of Florida, Gainesville, FL

Skills

Filings: S-1 – 10K – 10Q – MD&A

Expert: Excel – Access – Word

Fluent: SAP – Timberline – Macola – Lawson – Pathways & FRx

Financings: IPO, Private Equity, Complex Debt Agreements

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