Joel Mandelbaum

**** ********** ******

Chatsworth, California 91311

Cell 818-***-**** Home 818-***-****

E-mail: abgfut@r.postjobfree.com

QUALIFICATIONS

Combined accounting experience in both public and private as

1. Chief Financial Officer

. Corporate Controller

. Accountant

. Auditor

Expert in turnaround situations

3. Set up financial tracking system

. Tracked major revenue and expense categories

. Obtained bank financing

. Improved financial condition

< Management qualifications

4. Entrepreneurial

. Innovator

. Cash manager

. Team player

PROFESSIONAL EXPERIENCE

2005-2012 - VICE PRESIDENT/CHIEF FINANCIAL OFFICER/MEMBER OF THE BOARD OF

DIRECTORS

TRIGG LABORATORIES, INC. - Lubricant & Massage Oil

Manufacturer & Distribution Company

Reports directly to the Chief Operating Officer. Previously reported to

the President and Founder

Tightened up systems and controls Set up extensive financial tracking

system to monitor key areas of the company

Handled all bank relations Handled creditor relations Managed

corporation's cash Liaison to external CPA firm

Handled owner's personal finances and oversaw his investments.

RESULTS:

Increased cash collections while reducing cash outflow.

Successfully negotiated doubling line of credit and equipment line with

company's financial institution.

Cleaned up the company books and records which brought to light areas of

overspending.

Reduced costs resulting in contributing to increasing EBITDA from 4% to

15%.

Developed management reports containing key financial and operational

information in a timelier manner.

2001-2005 - CONTROLLER - Lambs & Ivy, Inc. - Consumer Products Distribution

Company

Reports directly to the CEO/President

Tightened up systems and controls Set up extensive financial tracking

system to monitor key areas of the company

Handled all bank relations Handled creditor relations Managed

corporation's cash Liaison to external CPA firm.

RESULTS:

Increased cash collections while reducing cash outflow.

Reduced inventory by pinpointing overstocked, slow and non-moving items.

Initiated inventory mini - max system.

Developed management reports containing key financial and operational

information in a more timely manner.

1994-2001 CHIEF FINANCIAL OFFICER -Hayashi For Hair, Inc.-Hair Care

Products Distribution Company

Reports directly to the CEO and Executive Vice President

Tightened up systems and controls for multi-company environment Set up

extensive financial tracking system

Handle all bank relations Handle creditor relations Manage

corporation's cash Liaison to external CPA firm.

RESULTS:

Increased cash collections while reducing cash outflow.

Reduced inventory by pinpointing slow and non-moving items.

Developed management reports containing key financial and operational

information in a more timely manner.

Successfully negotiated reduction of bank covenants while doubling line of

credit.

1989-1994 VICE PRESIDENT/CHIEF FINANCIAL OFFICER/CORPORATE SECRETARY

AMM-Management Service Company for Industrial Health

Care Network and Related Entities

Reported directly to the CEO

Responsible for six corporations Given the responsibility to increase

collections, cut/maintained costs and made consolidated parent

profitable Set up extensive financial tracking system to monitor key

areas of the company Handled bank relations Handled creditor

relations Managed consolidated corporations cash Intermediary

between outside law firms and company officials Liaison to external CPA

firm.

RESULTS:

Turned around consolidated negative net worth to positive one by

implementing the following:

Streamlined and centralized accounting department.

Increased cash collections by 20% while reducing costs company wide.

Reduced corporate staff while increasing morale and productivity.

Negotiated sub-lease of corporate headquarters resulting in over 50%

decrease of monthly rental expense.

Co-supervised corporate move resulting in "ZERO" loss of work time.

Designed and implemented system to maximize corporation's cash.

1986-1989 CORPORATE CONTROLLER/CORPORATE SECRETARY

Mary Jane Company - Apparel manufacturer

Reported to the CEO, CFO and the President.

Acted as CFO while CFO on disability.

Responsible for three corporations Managed two controllers Handled

bank relations Handled creditor relations Intermediary between

outside law firm and company officials Liaison to external big eight

CPA firm.

RESULTS:

Streamlined and merged two accounting departments.

Reduced personnel in accounting as well as other departments.

Designed and implemented system to maximize corporation's cash.

Streamlined computer and manual reports by more than 50%.

Analyzed and recommended closing of unprofitable corporations and product

lines.

Performed internal audits and enacted cost cutting/saving measures.

1984-1986 CORPORATE CONTROLLER

NU-MED Hospitals, Inc. L.A. - Health Care Company -

excess of $200 million sales.

Reported to corporate Senior V.P. Finance

Responsible for accounting staff of ten Controlled ten in house

corporation ledgers Handled bank relations

Corporate liaison to external big eight CPA firm.

RESULTS:

Designed system to integrate seventy-five bank account balances to maximize

investment in excess funds.

Designed and controlled system for tracking 401K funds from twenty company

payrolls to Bank and Actuary.

Designed and controlled system to reconcile monthly balancing of fifty

intercompany accounts.

Improved timeliness of ten separate financial statements from thirty to

fifteen days after month end.

Raised morale and productivity of accounting department.

1977-1984 CONTROLLER/CORPORATE CONTROLLER

Quantech Electronic Service, Inc., L.A (formerly

Universal Television and Teledyne Service)

- Both Consumer Electronics Service Organizations.

Reported to V.P. Finance of Universal as Corporate Controller from 1977 to

1983.

Reported to President of Universal as Acting Chief Financial Officer during

1983.

Reported to California VP Finance of Quantech as Controller during 1984.

Responsible for automating manual books and records Supervised

accounting staff of twelve prior to take-over,

twenty after take-over Managed consolidated corporation's cash

Handled bank relations Handled creditor relations

Liaison to external CPA firm...Facilitated merger and acquisition of

Universal Television by Quantech.

RESULTS:

Streamlined and merged two accounting departments.

Converted Universal/Teledyne computerized accounting systems to Quantech's.

Reduced inventory costs by implementing computerized tracking system.

Negotiated better price breaks for supplies, inventory and truck rentals.

Performed internal audits and enacted cost cutting/cost saving measures.

1971-1977 NEW YORK CITY CPA FIRMS

Responsible for supervising audit staffs in the presentation of certified

audits, set up systems and controls at clients,

and recommended areas for potential cost cutting / savings to clients.

Liaison between client and partners.

EDUCATION

B.B.A. - ACCOUNTING - 1971 Pace College, New York, New York.

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