Project Manager Real Estate

MICHAEL JAMES PRESTON J.D., M.B.A.

**** ********** ***** *****: 919-***-****

Raleigh, NC 27614 abnmnd@r.postjobfree.com

Senior Management and Financial Executive. Deep experience in rapid growth organizations, acquisitions,

turnarounds, strategic planning, capital structuring, and debt/equity raises. Portfolio and Return on

Investment responsibilities working directly for equity providers and business owners. Recognizes that to

accomplish corporate objectives, must effectively communicate throughout all levels of an organization, a

short-term tactical implementation plan reflective of the Company’s strategic vision.

Broad execution experience in Profit & Loss accountability, budget planning, in-depth financial modeling,

and accounting. Significant experience communicating complex financial/strategic issues to Board of

Directors and Investors. Have managed in a wide variety of economic conditions.

TECHCFO - North Carolina Current

Provides executive level financial management to emerging, growth-stage and established

companies in the software, technology, life sciences, manufacturing and services industries.

CFO RESIDENTIAL REAL ESTATE DEVELOPMENT - North Carolina 2006 - Current

Raised more than $55 million in debt/equity financing for three residential real estate development

projects totaling 1,400 home sites, four recreation centers, and an 18-hole Championship golf course.

Managing through work-out situations in economic housing downturn.

Partner/Manager/CFO that manages $140 million of real estate projects.

Types of capital raised included traditional bank financing ($35M), equity ($7.5M), hedge fund

debt/equity ($12M), mezzanine ($1M), and angel investments ($2M).

2004 – 2005

NCSRT, INC - North Carolina

CFO / COO of a technology company that supplies downstream processing and purificat ion products

for the biopharmaceutical and food/nutrition markets.

Helped grow company from $17,100 in 03 revenues, to $1.7M in 04; to more than $6.0M 2005.

Created and implemented internal corporate procedures and policies including accounting system,

inventory system, purchasing and cost accounting procedures for a job -shop and a volume orientated

production facility.

Responsible for four term sheets, an $8M pre-money valuation, creating budgets, human resource

policies, contractual review, and other internal-office functions.

2003 – 2004

PRESTON FINANCIAL ADVISORS, LLC - North Carolina

Founded a consulting firm to assist growth companies in operational, strategic, and financial issues.

Assumed different roles including COO, CFO, Controller, and Board Advisor for several companies.

Temporary CFO for a portable mini-storage organization;

-Structured the financial and reporting controls at stores so Company could quickly open and

integrate the same financial functionality in new stores for repor ting at the Parent level;

-Standardized chart of accounts, reporting metrics, A/R policies, and other back-office

procedures that helped Company secure a $23M financing in June 2005.

Strategic Advisor-Successfully transitioned a software firm from a shrinking $500M industry to a

$5.3B market;

-Company achieved 2005 revenues to be the highest since 2001.

Hired by A.M. Pappas & Associates to “wind-down” and transition a portfolio company.

-Saved stockholders over $200,000 of additional investment and completed the transaction.

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Michael J. Preston

2000 – 2003

SOUTHEAST INTERACTIVE TECHNOLOGY FUNDS - North Carolina

Senior Principal for a $136M technology venture capital fund. Held Board of Directors seats for two portfolio

software companies. Led technology organizations on the development and tactical implementation of their

strategic plans and in the development of their financial and exit strategies. Provided strategic, financial, and

analytical guidance to CEOs and CFOs. Participated on audit committees.

Senior Principal

Initiated and led the investment for first Fund III company to become EBITDA positive- MediaSpan.

Responsible for leading and/or advising ten companies (10) with fifteen capital raises including

$75 million in Series A-C equity raises, $28 million in various debt instruments (secured,

working capital, unsecured).

Assisted in the management and development of several portfolio companies including helping CEO,

COO, and CFOs in developing the appropriate corporate strategy for company growth.

Responsible for implementing core measurement metrics for five portfolio investments.

Directed budget-planning efforts for 12 portfolio companies; reducing burn and increasing efficiency

at each.

Chief Financial Officer (SEI Portfolio Company)

Assumed CFO position in a failing company. Led it through Chapter 11 Bankruptcy with $11M in

Accounts payables, 250 employees, and less than $1M in revenues;

-Developed new strategic and financial plans for the organization;

-Completed three acquisitions, built company to $21M in revenues in 10 months;

-Turned a valueless organization into a $25-30M value during an economic downturn.

ERNST & YOUNG CORPORATE FINANCE, LLP – Maryland/North Carolina 1996 – 2000

Corporate Finance - Senior Manager

Performed corporate development, capital sourcing, and mergers & acquisition services for entrepreneurial

industry consolidators with $0 revenues to public and private organizations of up to $1 billion in revenues.

Designed and executed growth strategies including targeting acquisition candidates and, raising both debt and

equity capital. Specialized in buy-side and consolidation transactions in technology, medical, manufacturing,

and distribution.

Exceeded twice the amount of engagement revenues compared to budget - two consecutive years.

Assisted 5 clients in acquiring 13 companies and raising over $150 million in capital including:

Raised $4 million in equity and $20 million in a senior debt acquisition line; advised regarding

the development of an acquisition strategy and the closing on four acquisition targets.

Start-up Company grew from $0 revenues to $125M.

-Created consolidation strategy for entrepreneurs intent on forming national systems integration firm.

Raised $2 million in equity and $10 million in a senior debt acquisition line, developed an

acquisition pipeline and closed two acquisition targets. The capital raise was over -subscribed by

1000%.

Company grew from $0 revenues to a run-rate of $200 million of revenue in two years.

-Created extensive financial model to project a new capital structure for $1B revenue corporation.

-Prepared Confidential Memorandum for a large southeastern supermarket chain; evaluated and

negotiated commitment letters with capital providers, closed on $67.5 million in financing.

Led high-technology research team in analyzing and understanding new industries for M&A activity.

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Michael J. Preston

DINGMAN CENTER FOR ENTREPRENEURSHIP - Maryland 1993 - 1995

Mid-Atlantic Investment Network (MAIN) - Project Manager

Not-For-Profit entrepreneurship foundation with a charter to foster entrepreneurial development.

Worked with venture capitalists, corporate, and private investors advising early-stage firms seeking

capital.

WESTINGHOUSE ELECTRIC CORPORATION - Maryland 1989 - 1993

Electronic Systems Group – Manufacturing Development Program

Managed cost analysis, pricing, and control of a $9 million budget for "Surveillance” aircraft.

Led product development team in developing, financing, and marketing hand-held drug sensor.

Raised $2.1M from FBI Forensic Research Committee & Westinghouse’s CEO & development staff.

Recruited into Westinghouse’s Management Development Program.

EDUCATION

University of Maryland School of Law January 1996

Juris Doctorate

President Student Bar Association - First Year Class

Law & Entrepreneurship Scholar

University of Maryland College of Business May 1995

Master of Business Administration

Lamone Entrepreneur Scholar

Dingman Scholar

Graduated with Honors

The Ohio State University June 1989

Bachelor of Science in Business Administration (Manufacturing concentration)

Ohio State Pace Setter

Summa Cum Laude - Sixth out of 1509 graduates

Beta Gamma Sigma, Phi Kappa Phi, Summa Award

President’s Academic Excellence Award

Mr. Preston has completed the requirements for an Accounting degree, the Series 63, & Series 7 exams.

INTERNSHIPS

Calvert Social Venture Partners (6 months). International Business Machines (6 months).

Semmes, Bowen, & Semmes (Legal intern). General Motors (Two years - Co-operative program).

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