Arnold Kezsbom

**** ***** **** ******, *******, FL 32771

♦407-***-**** ♦ ha2ciz@r.postjobfree.com

ACCOMPLISHED INTERNATIONAL EXECUTIVE

Strategic Planning / P&L / Accounting / Finance / Global Multi-Site Operations / Mergers & Acquisitions / Divestitures / Cash Flow and Treasury Management / Budgeting / Strategic Alliances / Turnarounds / Start Up / Investor Relations / IPO and Secondary Offerings / SEC Reporting and Sarbanes-Oxley Compliance/ Information Technology / Human Resources

Dynamic leader and change agent with extensive track record turning around and growing companies both domestically and internationally. Blend financial acumen with broad general management expertise including strong sales, marketing, and operations experience. Utilizes innovative business strategies and financing techniques to increase revenues and dramatically improve profitability. Consistently adds to bottom line by streamlining operations to create cost-saving efficiencies. Articulate communicator, dynamic negotiator and skilled at cultivating strategic partnerships. Experienced at building strong professional teams.

MBA, Finance, (awarded with honors and distinction), Long Island University.

BBA, Finance, City University of NY, Bernard Baruch College of Business.

Key Accomplishments

Established Start up operation that has secured over $12 million in revenue resulting in profitable operations for the initial year of business. Established product lines, sources of supply, pricing, sales and marketing, operations and distribution.

Key participant in senior management team in growing company from $75 million to $750 million in revenues in seven years. Developed and implemented sales and marketing strategies emphasizing brand development and brand management. On the financial side, negotiated all financing, including debt, debentures, and equity offerings, generating in excess of $200 million to stimulate internal growth and fund acquisitions.

Orchestrated mergers and acquisitions on a domestic and international basis, ranging in value from $10 million to $100 million. Crafted synergy plans and piloted critical mergers and acquisitions including purchase price negotiations, complete due diligence process and legal documentation.

Turned around Recoton’s Canadian operation, growing revenues from $9 to $40 million. Canadian operation was losing approximately $2 million annually. Took over as GM, restructured management team, sales, warehouse and distribution. Turned around operation in 12 months, within five years grew annual profit to over $4 million.

Improved EBITDA, exceeding $30 million, refinanced bank debt, saving $8 million in interest. Two of Recoton’s three principle business segments were faltering, negatively impacting the Company’s overall EBITDA. Developed overall re-structure plan that increased EBITDA. Consolidated operations in Europe and the US, eliminated unprofitable product lines and redundant positions resulting in EBITDA improvement of $30 million. Negotiated new financing that resulted in approximately $8 million in annual interest savings.

Career History

neuroVasix, Inc. Heathrow, Florida May 2010 to Present

Retained as a financial consultant, on an as needed basis, for this manufacturer of a non evasive medical devise. Projects included; Preparing financial statements and financial documentation for the company and preparing reports and documentation for the CEO in support of his presentation to the Board of Directors. Supporting CEO in the preparation of documentation in support of company ongoing patent infringement litigation. Prepare other financial and related documentation and reports as requested by the company CEO.

EARNEST PRODUCTS, Inc. Longwood, Florida February 2007 to May 2010

Chief Operating Officer / Chief Financial Officer

Recruited by this manufacturer and sheet metal fabricating company to design and develop systems, policies and procedures and to direct all aspects of the company including: Accounting and all financial management, Sales, Marketing, Human Resources, IT, Engineering and Manufacturing. Successfully developed systems, procedures, working capital and capital equipment financing that enabled this contract manufacturing company to grow over 400% over a two year period. Similarly, successfully assisted in the development of policies, procedures and operating matrix that enabled company to obtain ISO certification.

MICRO INNOVATIONS, Edison New Jersey - November 2005 to June 2006.

President and Co-CEO

Recruited by this distributor of computer peripherals with revenue in excess of $50 million to help effectuate and lead its turnaround efforts.

GIBSON GUITAR CORPORATION, Nashville Tennessee - September 2004 to November 2005.

President / General Manager - Gibson Baldwin Music Education division.

Recruited to establish an introductory line of products with a channel of distribution to mass merchants, national and regional consumer electronics retailers and specialty retailers in North America. Responsibilities include establishing product lines, pricing, sales, marketing, sources of supply, operations and distribution with full P&L responsibility. In its initial year, the division generated over $12 million in revenue and produced an EBITDA of approximately 20%.

RECOTON CORPORATION, Lake Mary, Florida – August 1991 to May 2004.

Publicly Traded, Global manufacturer, distributor and retailer of consumer electronic products with annual revenues that exceeded $750 million. Recoton distributed products under various brand names including: Jensen, Advent, AAMP of America, Stinger, Interact, Gameshark, Ambico, Discwasher, Acoustic Research (AR) and NHT (Now Hear This). Products were distributed to mass-market retailers, specialty electronics retailers, automotive retailers, home centers, food and drug chains, regional chains and independent retailers around the world and through the companies direct to consumer retail stores and internet web sites. The Company maintained operations in North America, Europe and Asia with a peak global workforce in excess of 5,000. Elected to Company Board of Directors in 1999

Executive Vice President and Chief Financial Officer 1998 to 2004

Managed $750 million budget and over 100 staff for this publicly traded consumer electronics accessory manufacturing and distribution company. Directed global cash management, budgets and planning, accounting, tax, internal auditing and financial reporting, including all SEC reporting and Sarbanes-Oxley compliance issues. Re-engineered entire global accounting process moving from centralized to decentralized accounting, retaining only corporate consolidation group and tax department at the holding company level including establishing a Shared Service Company. Established and implemented global accounting policies and procedures. Part of Senior Executive team established to oversee the successful implementation of a global SAP information system. Negotiated all financing debt and equity. Principal liaison with all commercial bankers, investment bankers, analysts and institutional investors. Principal participant in all road show activity and directed all investor relations activity. Prepared company Video Game segment for spin off and IPO. Responsible for all merger and acquisition activity. Liaison with investment bankers, negotiating divestitures generating in excess of $150 million.

Member of company executive committee that provided overall corporate direction for:

• Global brand management

• Sales and Marketing strategy

• Strategic Mergers and Acquisitions

• Overall global budgeting and strategic planning

• Internet based direct to consumer sales strategy.

Held concurrent role as company Senior Executive in charge of European Operations

Senior Vice President –Finance (Acting CFO) 1996 to 1998

Responsible for all accounting, financial reporting, budgeting, financial and strategic planning, mergers and acquisitions, SEC reporting and all commercial and investment banking activities. Principal participant in all road show activity and directed all investor relations activity. Spearheaded numerous acquisitions ranging in value from $8 million to $100 million including legal documentation, due diligence and synergy planning and post acquisition integration. Developed global budgeting process and cash management systems. Negotiated all financing for both internal growth and acquisitions.

Vice President Sales and Marketing 1993 to 1996

• Head of Sales and Marketing for 3 divisions of the company.

• Grew sales over 30% in 3-year period including the successful development of an internet based direct to consumer

web site.

• Key customer account management.

• Established all product costing and sales pricing.

• Formulated strategic sales and marketing plans including brand management and positioning.

• Designed and developed complete product lines to insure continued customer support.

• Developed and established relationships with sources of supply.

Vice President and General Manager Recoton Canada 1993 to 1999

Held concurrent role as Vice President and General Manager for Canadian subsidiary with complete P&L responsibility. Turned operation profitable in one year. Reversed losses of approximately $2 million annually on revenue of $9 million to profits in excess of $4 million on revenues exceeding $40 million by FYE 1999. Redesigned business model for this distributor that included:

• Re-engineered sales structure resulting in over $30 million increase in revenue over a 5 year period.

• Developed a national marketing campaign emphasizing various brands and brand positioning.

• Restructured purchasing and distribution process that enhanced both inventory control and customer order

fulfillment.

• Eliminated redundant back office positions that could be absorbed at the corporate level without incurring any

incremental cost.

Vice President and General Manager –AMBICO Division 1991 to 1993

Full P&L responsibility for this global distributor of camera and camcorder accessories including lights, tripods, carry cases, batteries and lenses:

• Directed all accounting and financial functions of the company including: budgeting, cash flow forecasting and

financial reporting.

• Established all product costing and sales pricing.

• Directed all sales and marketing activities of the company including the successful development of a direct to

consumer catalog business.

• Expanded annual revenue from $16 million to $25 million in 1 year while increasing pre-tax profits from $2 million

to $4 million.

• Designed and developed strategic sales and marketing plan to enhance revenue growth and profitability.

• Directed new product development process that included working with the company’s key customer base to insure

product commitment.

• Developed purchasing and inventory control process that both enhanced cash flow and minimized inventory risk.

• Successfully implemented new information system that enhanced information availability and analysis.

• Successfully negotiated and documented the sale of Ambico to Recoton.

SERVICE MANUFACTURING CO. INC., Hastings on Hudson, New York 1985 to 1991.

President and COO 1988 to 1991.

Managed $45 million in revenue and over 300 staff for this manufacturer and distributor of storage cases for audio, camera and video products, stationary products and medical devices. Directed all aspects of corporate development, organizational structure, sales & marketing, manufacturing, accounting, finance and business strategies. Established Mexican manufacturing facility that included: land acquisition, factory construction, production layout and staffing. Within 12 months factory was operating at full capacity at near 100% efficiency level. Responsible for key account management and retention.

Executive Vice President and Chief Financial Officer 1985 to 1988.

Recruited to develop effective strategies to turn around company with reported losses of $2 million on revenues in excess of $25 million. Negotiated and documented all financing. Responsible for all accounting, cost accounting, taxes, financial reporting, budgeting, cash flow projections and cash management, Human Resources and IT.

Early Career: Vice President and Senior Lending Officer, Asset Based Lending and Factoring division Connecticut Bank and

Trust. Extensive experience managing high risk and workout situations.

Vice President Asset Based Lending, Chase Bank. Position required both managing a portfolio of

clients including both high risk and workout situations. Position was also responsible for new business

development.

Contact this candidate