Sales Real Estate

AMERICAN BUSINESS APPRAISERS, LLP

**** ********* ****, #***, ********, CA 94506 Voice: 925-***-**** / Fax: 925-***-****

***@*****.*** www.businessval.com

MICHAEL J. EGGERS, CPA/ABV, MCBA, ASA, ABAR, FIBA

BIOGRAPHICAL SKETCH

Fellow, Institute of Business Appraisers, FIBA

PROFESSIONAL

Master Certified Business Appraiser, MCBA Institute of Business Appraisers

DESIGNATION Accredited Senior Appraiser, ASA American Society of Appraisers

Advanced Accreditation Business Valuation Designation, American Institute of Certified Public Accountants

Certificate Educational Achievement Business Valuation, American Institute of Certified Public Accountants

Accredited Business Appraisal Review, ABAR Institute of Business Appraisers

B.S.C., Santa Clara University, 1972; Business major with accounting emphasis

EDUCATION C.P.A. - California, 1975

California Junior College certificated instructor, 1982

Annual Valuation conference sponsored by California C.P.A. foundation, AICPA or ASA, 1984-2010

American Business Appraisers LLP

EMPLOYMENT

Principal,1989 to Present

Hornblower Yachts

President and CEO, 1992 and 1993 (Engagement / Assignment)

Arthur Young / Gabbard, Moore & Eggers

Partner, 1979 - 1989

Contract Office Group 1977-79

Vice President Finance,

NCAA/WBL/NBA Basketball

Part-Time Basketball Official 1977-Present

Arthur Andersen & Co.

Manager 1972-77

Court appointed and approved expert in business valuations and lost profits claims. Special Master and

BUSINESS VALUATION

Mediator (court appointed and stipulated agreement). Valuations prepared in connection with estate tax

EXPERIENCE preparation and probate, preferred stock issuance, mergers and acquisitions, shareholder disputes, family

law and buy/sell agreements.

Royalties from Recordings Loan Servicing Company

Distribution Companies Manufacturing Rep Agencies

Medical practices and related specialties Mortgage Brokerage

Auto Dealership Communications Company

Construction and contractors Book Publisher

Pharmaceutical manufacturing Licensed Patents & Royalty Agreements

Manufacturing Franchise Operator

Leasehold Interest Professional Sports Franchise

Leasing Company Systems Integrator

Restaurants Software Development Company

Travel Agencies (Wholesale and Retail) Software Manufacturer

Retail - sporting goods, shoe stores Professional Services -

Heavy equipment operators Law firm, Architects, & Accountants

Hornblower Yachts, Inc. Real Estate - Syndicator, Project Value

Others

At the request of client Board of Directors, appointed President and CEO Hornblower Yachts, with

EXPERIENCE SKILLS

AND

"bottom-line" responsibility to effect operations and implement strategies to "turnaround" company with

EXECUTIVE: poor operating performance. The company has 450 employees, 4 regional locations and 22 vessels.

Within 18 months (assignment completed), company had $2.3 million bottom line improvement (break

even). Interfaced with company managers, port authorities, sales and marketing managers and staff,

systems and both vessel and food/beverage operations to effect change, improve morale and implement

strategy.

Directed and participated in professional services sales presentations approximating $1,000,000 of new

SALES MARKETING:

AND

business annually. Designed strategic marketing and operating plans, implemented sales and contact

reporting systems, counseled and trained staff in sales presentations skills/strategies. Considered "Top

Salesman" and significant marketing and new business source for firm.

AMERICAN BUSINESS APPRAISERS, LLP

3800 Blackhawk Road, #140, Danville, CA 94506 Voice: 925-***-**** / Fax: 925-***-****

***@*****.*** www.businessval.com

ENTREPRENEURIAL

Founded local accounting firm that merged with national big Eight firm (1988). Sold founder's interest in

LEADERSHIP:

furniture dealership to other shareholders (1979). Directed Arthur Young Entrepreneurial services Group

and provided business advice to rapidly growing emerging businesses. Equity participation in real estate

development ventures, Creo-Cycle Energy LLC, Car-Smart, Inc., E-Officials, Seabridge and Roto

Distributors. Minority ownership Frank Electric Co., Inc.

FINANCE:

Supervised business plan preparation (including financial statement projections) and negotiated credit

lines and term loans with financial institutions. Provided professional services to clients and interfaced

with investment bankers, venture capital firms, and private limited partnership (Reg D) placements.

Provided personal financial planning to significant net worth individuals and prepared integrated

corporate/individual income and estate tax plans. Advisor and counsel to M&A activities, ESOP

formation and leverage buyout transactions (LBO's).

STRATEGY:

Consulted on business valuations, merger and acquisitions, corporate structuring and reorganizations.

With consensus executive management agreement, defined and determined business strategies regarding

marketing and product distribution methods, product and services pricing, long term goals/plans, new

product development and staff training/development.

SYSTEMS:

Designed ticketing and reservation systems, professional services time and billing systems, job cost and

construction management systems. Selected application software per client needs, and managed

implementation and installation of application software. Technically aware of database uses, stochastic

modeling software and data mining. Former chairman AICPA Computer Applications Committee an d

author of Local Area Network Practice Aid.

STAFF DEVELOPMENT

AND TRAINING Certified instructor for ASA, IBA, AMA, & AICPA for business valuation.

Co-Chairman of the Qualifications Review Committee, IBA.

Chairman, Professional Standards Committee, IBA.

TECHNICAL PRESENTATIONS

Presentations to AICPA Annual Meeting (1985); Judicial Council (1993, 1994); East Bay Chapter of

CPA.'s (continuing basis); National NAPVO Convention (1982, 1995) and continuing education of

California Bar Association (local chapter) continuing basis. California Judges Association / Rutter Group,

1998. National IBA Convention (1999, 2003, 2008, 2009), National AICPA Business Valuation

Conference, 2000. Contributing Author to Valuation for M&A text, National NACVA/IBA Business

Valuation Conference of 2009.

REFERENCES

FOR MICHAEL J. EGGERS Mr. John Domingos, Attorney at Jonas, Matthews, Domingos, et al 415-***-****

Mr. Terry MacRae, Owner, Hornblower Yachts, Inc. 415-***-****

Pier 3, The Embarcadero, San Francisco, CA 94111 (x241)

Mr. Alan Neckritz, Law office of Alan Neckritz 925-***-****

2099 Mt. Diablo Boulevard, Walnut Creek, Ca 94596

Mr. Joe Colmery, Chairman and CEO, Retired 925-***-****

California BancShares, Alamo, CA 94507

Judge Harry Sheppard, Retired, JAMS, Walnut Creek, CA 925-***-****

Judge Robert Freedman, Alameda County Superior Court 510-***-****

Alameda County Superior Court, Oakland, CA

Justice Patricia Sepulveda, California Court of Appeals, 925-***-****

350 McAllister St., San Francisco, CA

Justice Donald B. King, California Appelate Judge, Retired 415-***-****

35 Rockwood Ct., San Francisco, Ca 94127-1031

Mr. Chip Lion, Attorney at Morrison Foerester, Palo Alto 650-***-****

Judge Daniel Weinstein, Retired, JAMS San Francisco Office 415-***-****

CURRENT AND FORMER

BOARD OF DIRECTOR APPOINTMENTS

Hornblower Yachts, Inc.

Navlet s Garden Center

Trader Vic s Restaurants

Baron s Jewelers

Car-Smart, Inc.

E-Officials

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