Bobby S. Bowers

Cell: 615-***-****

Email address: actfd2@r.postjobfree.com

Summary

Years of progressive management experience ranging from military (Retired LTC) to COO/CFO. Strong leadership skills with proven track record of motivating employees to achieve strategic goals and objectives. An MBA graduate of Syracuse University, with extensive experience in manufacturing environments and the preparation, execution, and monitoring of multi-million dollar budgets. Adept at strategic planning and developing financial strategies to maximize operating cash flow. Strong management experience with a proven track record of leading organizations to higher levels of excellence in performance. A highly skilled leader and administrator, an effective communicator at all levels. Willing to relocate for the right opportunity.

Experience

April 2015– Current Ecom-Engine, Inc. Los Angeles, CA Consultant / CFO

Financial Analysis and Planning for the merger/acquisition of 3 companies to launch a new Data Center/Connectivity/Cloud business with combined Sales of $22M.

Conducted detailed Due Diligence of the 3 companies being acquired.

Developing/Arranging financing options for the merger/acquisition that could include shareholders committing equity/cash infusion or by financing through Investment Banking or commercial bank loans from Wells Fargo.

Meet with CEO and principals of the proposed acquired companies to negotiate terms and conditions of the Merger/Acquisition to include structure of the new organization, staffing, and integration of the businesses to include Sales, Administration, Accounting/Finance and Operations.

April 2013– February 2015 Key Information Systems, Inc.(Key Info) Agoura Hills, CA CFO/COO - Director, Data Center Operations

Launch a new business segment for Key Info in the Data Center/Connectivity/Cloud business segments.

Continue to pursue/convince the shareholders of Key Info to consider the option of buying my former employer, ISWest, out of bankruptcy to enter those business segments immediately as opposed to a startup which would take a minimum of 9 – 15 months.

In July 2013, the option of purchasing ISWest’s assets out of bankruptcy became an option. Working with the shareholders of Key Information Systems, Inc., the Chief Restructuring Officer of ISWest ( appointed by the Bankruptcy Court) and my contacts at Wells Fargo, structured and closed a deal in August 2013.

Since, August 2013 to present, I have served in the role of integrating the two companies in the areas of accounting, operations and sales.

2006 – April 2013 Internet Specialties West (ISWest) Agoura Hills, CA COO/CFO ( 2011 – 2013 ) Controller (2006 – 2011)

COO/CFO for ISWest during Receivership and Bankruptcy

Controller for an ISP that has been consistently rated in the Deloitte Fast 50 for Los Angeles the past 5 years.

Implemented new Cash Management procedures that increased interest earned by over $60,000 per year

Responsible for all aspects of the Budgeting Process, implementing budgeting as a process for the first time for this company.

Responsible for all aspect of the accounting process.

Responsible for Financial Reporting of the company which is reviewed by an outside CPA Firm

Successfully renegotiated agreement with credit card processing company resulting in $5,000 annual savings.

Participating in Revised Risk Insurance program through broker selection and policy changes that will result in savings and increased coverage for the company.

Integral member of the senior management team (2 owners, IT and Sales Director in review and selections of new ERP system that will allow the company to transition from an in house system that is not fully integrated.

2005 – 2006 Bowtie Inc. Los Angeles, CA Assistant Controller

Assumed responsibility as Assistant Controller of a Publishing Company going through restructuring of the finance department (combined two accounting manager positions into the Assistant Controller position).

Successfully renegotiated agreement with credit card processing company resulting in an annual savings of over $100,000.

Successfully implemented update of mail processing procedures company wide (machinery and policies) that will achieve approximately $10,000 annual savings.

Participating in Revised Risk Insurance program through broker selection and policy changes that will result in savings and increased coverage for the company.

Integral team member in review and selections of new ERP system that will allow the company to transition from an in house system that is not fully integrated.

Responsible for all aspect of the accounting process, less Credit and Collections, to include month end and year end close and preparation of financial statements.

2004 – 2005 Sprague & Associates Agoura Hills, CA Consultant

Consultant for a major biomedical company and an internet based Real Estate Company.

2003 – 2004 Go Rhino Products / Xtreme Metal Fab, Inc Brea,CA Controller / CFO

Assumed responsibility as Controller of a Manufacturing company going through refinancing. Determined within 30 days the Holding Company that owned the company was going bankrupt. Negotiated and arranged successful purchase of assets from Bankruptcy by the previous owner, assuming role of Controller for the new company and assuming CFO role for three other companies owned by the same person.

Successfully implemented transfer of Accounting Software package (Cost Accounting, Accounts Payable, Accounts Receivable, etc )

Successfully renegotiated contracts, leases, etc, that resulted in the new company (Go Rhino) saving over $25,000 a month.

Relocated company, resulting in savings of almost $20,000 a month in lease expenses.

Revised Risk Insurance program through broker selection and policy changes that resulted in increased coverage at a 25% reduction in premium cost.

Responsibilities included Budget Development/Execution, General Ledger/Bank Account/Accounts Receivable and Payable Reconciliations, Payroll and Monthly/Quarterly/Annual Financial Reporting (CPA Audited).

2000 – 2002 Holley Performance Products, Inc Bowling Green, KY

Director, Revenue Cycle (Controller) & Treasurer

Responsibilities for this manufacturing company included Budget Development/Execution, General Ledger/Bank Account/Accounts Receivable and Payable Reconciliations, Payroll, Monthly/Quarterly/Annual Financial Reporting (to include Monthly Bond Holders Report and 10Q & K Reports) – audited by Ernest & Young)

Responsible for accounting processes for this over $150M manufacturing operation to include areas of Cost, Accounts Receivable, and Accounts Payable.

Established an Active Engagement Program that resulted in a reduction in past due account receivables from 23% to under 4%.

Successfully negotiated two asset based working capital loans that increased liquidity and reduced interest expense.

As Treasurer, developed cash flow forecasting methodology, and daily cash management system that ensured sufficient availability to support operations and to meet high yield bond interest payments through management of Cash Collections (within 2% of projections) and Accounts Payable.

Developed and implemented sales policy changes resulting in reduced Days Sales Outstanding (DSO’s) of 12 days without negatively impacting order activity.

Revised Risk Insurance program through broker selection and policy changes that resulted in increased coverage at a 15% reduction in premium cost.

Integral Member of Two Segments of the Industry’s National Credit Group, Motor and Equipment Manufacturer’s Association (MEMA) - the Aftermarket Credit Group (ACG) and the Specialty Equipment Manufacturer’s Association (SEMA).

1997–2000 PACCAR Corp, Peterbilt Division Madison, TN

Materials Handling Manager

Led an Organization with over 200 employees to increase production by 100% during numerous market demand changes, while achieving record low production man-hours and overtime

Developed and implemented an inventory management system that resulted in a $1 million reduction in inventory investment and achieved a record 45 times turnover rate.

1994 – 1997 Nashville Military Entrance Processing Station (MEPS) Nashville, TN

Commander

Selected as Best Manager out of 65 managers nationwide.

Selected a Best Service Organization out of a four state region.

1991 – 1993 24th Personnel Service Company/Center Fort Stewart, GA

Commander

Directly responsible for developing and training a data processing unit that was selected as the top data processing unit worldwide by the U.S. Army.

Responsible for all administrative support functions for 24,000 personnel at three locations: Fort Stewart -- Fort Stewart, GA, Hunter Army Airfield – Savannah, GA, and McDill Air Force Base -- Tampa, FL.

1990 – 1991 24th Personnel Service Company/Center Fort Stewart, GA

Personnel Officer/Chief Personnel Management

Responsible for staffing a 24,000-person division deployed to Saudi Arabia for the Gulf War (Operations Desert Storm/Desert Shield).

Prepared the Division for redeployment from overseas (Saudi Arabia) to the United States (Fort Stewart, GA).

1988 – 1990 Community, Family Support Center Seoul, Korea

Controller (Resource Management Officer)

Developed and implemented policy and program changes that resulted in a $5.2 million improvement in operating cash flow.

Developed and implemented an exchange rate hedging program that resulted in cost savings of over $250,000 per year.

Reduced cost base by $10 million through eliminating redundant functions, improving scheduling, and streamlining local work processes, while concurrently retaining $ 10 million in federal funding.

Education

MBA, Financial Management, Syracuse University, Syracuse, NY

BS, Business Administration, Western Kentucky University, Bowling Green, KY

Affiliations:

American Society of Military Comptrollers, Adjutant General’s Corp Regimental Association, Honorable Order of Kentucky Colonels, Syracuse Alumni Association, Western Kentucky University Alumni Association, Motor and Equipment Manufacturer’s Association (MEMA)

References:

Available on Request

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