Manager Management

GENERAL MANAGEMENT / FINANCIAL EXECUTIVE

EXECUTIVE WITH A GOVERNMENT CLEARANCE AND OVER 15 YEARS EXPERIENCE

INCLUDING 6 AS PRESIDENT AND 10 AS CFO. SOLID RECORD OF LEADING PERSONNEL,

MANAGING OPERATIONS, IMPROVING PERFORMANCE, AND EXCEEDING SHAREHOLDER

EXPECTATIONS FOR BOTH PUBLIC AND PRIVATE COMPANIES. OPERATIONAL EXECUTION

FROM ACQUISITION OR START-UP TO SALE, THROUGH COMPLEX RESTRUCTURINGS, AND

RAPID GROWTH, BOTH DOMESTICALLY AND INTERNATIONALLY.

MANAGEMENT EXPERIENCE

Vanadium Enterprises Corporation and subsidiaries 2000 -

Present

Chief Financial Officer, Treasurer - Financial and operational executive

for a portfolio of operating entities including: SSI Services, Inc. a

$90MM operations and maintenance service provider to the US government,

Crown Division a $30MM software / outsourcing division, Knowledge Center,

Inc. an incident command software firm, FIT Optimized Solutions an

environmental controls products / service company, Construction Rental and

Supply Company, SE Technologies an environmental engineering firm, and

Vanadium Real Estate Co. Accomplishments include:

> Through profitability and distributions, raised ROIC from

1.7% to 25%, Return on Assets from .5% to 16%, and Return on

Equity from 1.3% to 35%

> REDUCED AVERAGE WORKING CAPITAL FROM $7.4MM ANNUALLY TO

$2.6MM, AND AVERAGE LINE OF CREDIT BALANCE BY 26% THROUGH

IMPROVED CUSTOMER TERMS, BILLING EFFICIENCIES, AND ASSET

MANAGEMENT. THOSE ACTIONS CREATED THE CAPACITY TO FUND AN

80% INCREASE IN FUTURE OPERATIONS, AND AFFORDED A $9.5MM

EQUITY DISTRIBUTION

> RECOVERED OVER $.5M IN PAID TAXES THROUGH RESTRUCTURING,

PLANNING AND MANAGEMENT

> ACQUIRED 6 COMPANIES / PROPERTIES, AND DIVESTED 3 OPERATING

ENTITIES

> ELIMINATED $1.5M OF DEBT AND MET COVENANTS FOR FIRST TIME IN

CORPORATE HISTORY

> IMPLEMENTED A NEW ACCOUNTING SYSTEM ACROSS 10 ENTITIES IN

LESS THAN 8 MONTHS

> REDUCED MONTH-END FINANCIAL STATEMENT PRODUCTION-DAYS FROM 45

TO 5

PRESIDENT - SE TECHNOLOGIES, A VANADIUM SUBSIDIARY 2001

- 2006

LED THE 40 PERSON, $3.5M IN REVENUE, ENVIRONMENTAL ENGINEERING FIRM FROM

DISTRESS TO PROFITABILITY, TO ULTIMATE SALE. BY DIVESTING UNPROFITABLE

DIVISIONS AND FOCUSING ON CORE SALES BASE, THE SUBSIDIARY WAS ABLE TO

REPAY DEBT AND PROVIDE A MATERIAL RETURN OF INVESTED CAPITAL TO THE

SHAREHOLDER. NOTABLY:

> Turned the firm profitable in 2 months and debt-free in under

2 years

> MANAGED THE COMPANY TO PROFITABILITY FROM $6M OF LOSSES IN

THE PREVIOUS 6 YEARS

> EARNED PRE-TAX INCOME OF $200K AND $350K FOR FIRST & SECOND

YEARS OF MANAGEMENT

> DIVESTED AN UNPROFITABLE BUSINESS LINE AND CONSEQUENTLY

ELIMINATED LONG-TERM DEBT

> INCREASED GROSS MARGIN BY 18% AND NET PROFIT BY 245% IN THE

CORE-SALES BASE

> SUCCESSFULLY LED LITIGATION OF AN UNCOLLECTED RECEIVABLE TO

AN AWARD OF $400K

> REDUCED NON-BILLABLE ADMINISTRATIVE OVERHEAD BY 50% IN THE

FIRST TWO YEARS

ECKERD DRUG, INC. (ACQUIRED THRIFT DRUG, INC.)

1994 - 2000

Accounting & Finance Manager - Eckerd Health Services (subsidiary)

1997 - 2000

Financially managed the Fortune 500's second-largest gross profit

generating subsidiary from start-up to profitability. Responsible for

$1.6B of annual receivables, 32 associates, and 3 departments.

> Acquired 2 multi-million dollar companies, and evaluated

other targets worth $.5B

> REDUCED ACCOUNTS RECEIVABLE DAYS OUTSTANDING FROM 45 TO 24

> MANAGED THE REBATE DEPARTMENT WHICH GENERATED 35% OF THE

SUBSIDIARY'S GROSS PROFIT

> PROVIDED LITIGATION SUPPORT WHICH RESULTED IN OVER $7.5M OF

RECOVERED GROSS PROFIT

> DESIGNED THE PROTOTYPE AND CO-MANAGED THE IMPLEMENTATION OF A

$250K REBATE SYSTEM

Manager of Contract Analysis - Thrift Drug, Inc.

1995 - 1997

Administered pharmaceutical rebate contracts worth $18M in annual gross

profit

> Improved invoice-processing speed by 25% and reduced A/R

collections by 30 days

> IDENTIFIED AND RECOVERED $1.5M OF UNRECORDED, AND $.6M OF

DEFRAUDED GROSS PROFIT

FINANCIAL ANALYST - TDI MANAGED CARE, INC., (SUBSIDIARY)

1994 - 1995

Capital and multi-department budgeting & forecasting, variance,

acquisition, & industry analyses.

> Created pricing models for over 50 at-risk and 30 fee-for-

service clients / prospects

> Calculated capitated & at-risk pricing and contract

valuations for Board approval

Robert Bartolacci, CPA - Private practice CPA

1992 - 1994

> Clients included: NEC, Waste Management, City of Pittsburgh, Thrift

Drug, Inc.

Deloitte & Touche - Staff II Auditor

1990 - 1992

> Audit services to client concentrations of brokerages, banks &

manufacturing

EDUCATION & ACADEMICS

CARNEGIE MELLON UNIVERSITY - ADJUNCT ASSISTANT PROFESSOR OF GRADUATE

FINANCE 1995 - PRESENT

Duquesne University - Adjunct Graduate Instructor of Leadership

2004 - Present

Master of Science Financial Analysis & Management - Carnegie Mellon

University 1990

Bachelor of Science Business Systems & Accounting - St. Vincent College

1986

Non-Profit Board Governance

Jubilee Kitchen: Secretary St. Anthony Schools: Treasurer (past)

Global Links: Secretary (past)

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