Human Resources Company

FRED J. DREIBHOLZ, CPA, MBA

***** **** ***** ****** • Centennial, CO 80016 • 720-***-**** • **********@*******.***

CHIEF FINANCIAL OFFICER – Retail, Restaurant, or Hospitality

Micro- & Mid-Cap Companies Mergers, Acquisitions & Integrations Public/Private Equity & Debt

Catalyst for positioning finance as a vital business partner to all areas of the business, with 20+ years of experience as

CFO in both public and private hospitality/retail environments for companies ranging from early stage to $300M.

Reputation for driving revenue and business growth while creating a strong financial infrastructure that includes

processes and best practices integral to producing substantial cost savings and delivering profit directly to the bottom

line. Innate ability to keep executive teams focused on real business issues and priorities that provide ROI and increase

shareholder value. Functional expertise includes oversight of:

• SEC Reporting & Investor • Accounting • Human Resources &

Relations Benefits

• Tax & Treasury

• Financial Planning & Analysis • Capital Asset

• Business

Management

• Mergers, Acquisitions & Valuations

• Information Technology

Integrations • Risk

• Pricing & Marketing Spend • Banking Relationships

Management

Analysis • Legal • Cash Flow

• Real Estate

PROFESSIONAL EXPERIENCE

CMF ASSOCIATES – Philadelphia, PA / San Francisco, CA 2/11 – Present

Consulting firm providing financial services for some of the country’s top private equity firms. Currently on assignment

for Castanea Partners.

Interim Chief Financial Officer – TRX Training/Fitness Anywhere LLC

Serving as the interim CFO of a multi-national manufacturer, wholesaler and retailer of fitness equipment. Company

also provides fitness training and educational services. Company is ranked #111 on the Inc 500 list of high growth

companies. Enlisted to complete documentation related to an equity investment by Castanea Partners. Also, tasked

with completing a Dynamics/Great Plains ERP installation and bringing the Company’s books into GAAP compliance.

PRO RODEO LEAGUE – Houston, TX 9/10 – Present

Startup organization that intends to film and distribute rodeo events and begin a rodeo league targeted to compete with

the Pro Rodeo Cowboy Association and the Pro Bull Riders’ Tour.

Chief Financial Officer

Worked with founder to complete business plan and all marketing collateral necessary to raise $40M. Participated in

presentations with prospective investors that resulted in seed funding.

SSI GROUP HOLDINGS, INC. – Lewisville, TX / San Antonio, TX 5/09 – 8/10

Owner, operator, and franchisor of the Souper Salad and Grandy’s restaurant concepts, with 80 corporate-owned and

66 franchisee-owned units; owned by leading private equity firm Sun Capital Partners.

Chief Financial Officer

Enlisted to fill a two-month-long vacancy and scrutinize the financials of both concepts’ operations in order to identify

opportunities to lower costs, increase cash flow, and improve the bottom line in the wake of declining sales. Brought

heightened visibility to the true state of the company’s financials and introduced new levels of fiscal discipline, expense

control, and overall management. Drove continued improvements in soft costs including fees associated with tax

preparation, auditing, insurance, and employee benefits.

• Cut G&A expenses 19% ($6.7M in 2008 to $5.4M in 2010) by instituting strict cost controls and “right sizing”

G&A expenses.

• Secured a $1M infusion of cash from equity partners that provided the capital needed to sustain operations

during a period of declining sales.

• Led renegotiations with leaseholders and captured $1.9M+ in rent reductions, abatements, and deferrals over

next three years. Captured nearly $1M in savings through outsourcing of back-office functions and completing

a 2nd round of G&A “right sizing”.

FREDERICK J. DREIBHOLZ, CPA, MBA Resume, Page 2

720-***-**** • **********@*******.***

FITNESS TOGETHER HOLDINGS, INC. – Highlands Ranch, CO 8/06 – 4/09

One of the world’s largest wellness organizations operating two concepts ( Fitness Together and Elements Therapeutic

Massage) with 500+ franchises and 400+ studios operating in 42 states and four foreign countries. Acquired by

private equity firm Enhanced Equity at start of employment; ranked #77 on Inc. 500 list of high growth companies.

Chief Financial Officer

Joined company during a period of dynamic growth, directing its transformation from a small entrepreneurial group to

a professionally managed global enterprise by instituting formal accounting structure, processes, and controls that had

been lacking. Rectified issues with staffing and replaced the company’s antiquated accounting package and network

computing environment, which increased productivity and efficiency dramatically.

• Played an instrumental role in the development and rollout of the Elements massage concept, which debuted to

phenomenal success and produced $6M+ in its first two years in the marketplace. Contributed to the sale of

over 320 franchises (across both concepts) throughout tenure.

• Drove cash flow EBITDA by 70%+ in first full year of tenure; improved revenue yield significantly from prior

reporting periods by implementing sound accounting and control systems.

• Completed a three-year restatement of the company’s financials to GAAP during initial year-end after majority

acquisition by a private equity firm.

• Achieved a three-year deferral for payment of corporate income taxes as a result of changes to the company’s

tax accounting methods.

CHAMPPS ENTERTAINMENT, INC. – Littleton, CO (NASDAQ: CMPP) 11/99 – 4/05

$350M+ public company with 53 corporate-owned and 12-franchise-owned Champps Americana restaurant concept

units with 7,000 active employees.

Chief Financial Officer

Brought onboard seven years into the company’s lifecycle and provided the oversight critical to turning around a

struggling concept with a weak economic model. Grew the company fourfold while rolling out the internal controls

necessary to sustain healthy management of corporate financials, ensure SOX compliance, and withstand the scrutiny of

three re-audits and two SEC reviews with no restatements, errors, or other findings. Eliminated $16M in material tax

assessments incurred by prior CFO.

• Provided the financial leadership and strategy that fueled company expansion from 17 restaurants to 53 and

241% revenue growth (from $88M to $300M+) within three years

• Drove a 600% appreciation in stock value (from under $2 to over $14) during first 24 months of tenure.

Improved earnings per share (EPS) from a $1.21 loss (1999) to a profit of $1.28 (2003) per share.

• Built an investor relations program successful in garnering seven new reportable investors holding 50%+ of

the company’s equity and coverage by 11 analysts granting “buy” or “strong buy” ratings.

• Raised $40M+ in capital to drive build-out of new units through a convertible debt offering and note payable

revolver. Convertible debt offering was oversubscribed threefold.

• Lowered worker’s compensation claims 78% (from $1.8M to $400K) by placing a stronger emphasis on risk

management company-wide: introduced new controls, accountability measures, and staff training.

• Orchestrated the relocation of Corporate HQ from Boston to Denver, managing the hiring and training of 14

new staff while implementing all new systems and processes.

FLIK INTERNATIONAL CORPORATION – Rye Brook, NY 11/87 – 4/98

$160M+ foodservice contractor focused on management of institutional food service operations in executive,

corporate, and education settings; acquired by Compass Holdings in 1996.

Chief Financial Officer

Worked shoulder-to-shoulder with other members of the executive team to develop and deploy growth strategies that

were ultimately successful in positioning company as the premier food service contractor in the United States. Led

conversions and enhancement of accounting and human resources management information systems as company grew.

• Drove revenue growth of 900% during tenure (from $16M to $160M), with the company expanding from 17 to

330 foodservice operations and 42 HQ departments (2,800+ employees) in nine years.

• Retained 99%+ of 330 clients over a 10-year span accuracy of the fiduciary accounting process was a key

driver of retention. Clients encompassed some of the top legal and financial firms and educational institutions

in the U.S. (i.e., Bear Stearns, Credit Suisse, Sarah Lawrence College, and others).

FREDERICK J. DREIBHOLZ, CPA, MBA Resume, Page 3

720-***-**** • **********@*******.***

• Increased the company’s value exponentially, positioning it for lucrative acquisition by Compass Holdings, the

world’s largest foodservice operator.

• Improved cash flow over 80% through the development and implementation of a strategy that improved the

company’s efficiencies related to soft costs.

• Led integration of the $380M Service America line of business, as well as the regional offices for the Eurest

and Canteen business, into the FLIK organization.

EARLIER EXPERIENCE: Advanced through financial analysis, operations, and controllership roles with leading airline

catering and airport concessions company, Sky Chefs. Held tenure with Carlson Companies as a cycle lead of its Oracle

Implementation Team. Retained by restaurant clients including Dennis Max, Mark Milletello, and Steve Hanson.

EDUCATION & CREDENTIALS

Master of Business Administration – Finance & Accounting, Marquette University

Bachelor of Science – Hotel Administration, Cornell University

Certified Public Accountant

PROFESSIONAL AFFILIATIONS: American Institute of CPAs, Financial Executives International

BOARD APPOINTMENTS: Cancer League of Colorado, Chaine de Rotisseurs, Financial Executives International

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