Management Manager

FRANK C. PRESTIPINO, CPA

***** ****** ***** ****, **********, FL 34786 ? Home: 407-***-**** ?

************@*****.***

Operational AND FINANCIAL management

PROFESSIONAL SUMMARY

Expert in: Business Management ~ Manufacturing ~ Cash Control /Treasury ~

International Trade ~ Accounting

Versatile, high-energy executive who leads domestic and international

corporations through change and challenge to profitable growth. Proven self-

starter with strong technical skills enhanced by exceptional analytical and

intuitive abilities. Strategic problem-solver with a talent to analyze,

understand, and manage business performance, risks, and operations Hands-on

leader with established ability to lead projects and initiatives that drive

performance. Skilled in negotiating partnerships, alliances, and other

business transactions. Provides pro-active and collaborative financial

input as well as strategic and operational direction required to achieve

financial performance improvements and increased profitability.

CORE COMPETENCIES

Business Expansion & Development ~ Mergers & Acquisitions ~ Technology ~

Team Development & Leadership ~ HR

Financial Reporting ~ Entrepreneur ~ Controllership ~ Cost Accounting ~

GAAP/IFRS ~ Revenue Management ~ SEC Filings

Budgeting & Forecasting ~ Consolidations ~ Strategic Planning ~ Risk

Management ~ Debt Compliance & Liquidation ~ Big 4

SOX ~ Foreign Currency Translation & Procurement ~ Policy Development ~ P&L

Management ~ Revenue & Profit Growth

System Conversions & Implementation ~ Bank Relations ~ International

Business Management & Banking ~ Manufacturing Ops

PROFESSIONAL EXPERIENCE

frank c. prestipino, cpa-consulting services, Orlando, FL

2005 - 2010

Owner/President

2012- present

Provided critical input to clients' operational, financial, management,

and administrative functions to improve operations, internal controls, and

profitability within the manufacturing, distribution, trucking, services,

restaurant, and hospitality industries. Performed SOX 404 compliance and

testing work. Served as key advisor to principals' in sale of company.

. Actively enhanced and refined procedures and controls impacting cash

management and overall strategic planning for clients' operations

resulting in a positive impact on profitability and cash availability.

. Saved a manufacturing company's purchasing function $200K annually by

reengineering systems and procedures to be more responsive to pricing

issues, order lead times, and reduce excessive inventory levels.

. Successfully created facility with commercial bank resulting in reducing

line-of-credit loan balances with excess funds.

. Strategically engineered corporate operating structure for newly formed

group of companies designed to maximize operating efficiencies, controls,

and tax savings.

Zia EngiNeeriNg & eviroNmeNtal, LLC, LAS cRUCES, nm

2011 - 2012

technically diverse engineering and environmental consulting firm providing

engineering, environmental sciences and facilities support services to

Industry and Governmental Sectors

Vice President of Administration & Finance

Served as key member of Senior Management team with a strategic role in

overall management of the Company. Porfolio included planning,

implementing, managing and controlling all corporate administrative and

financial-related activities.

? Created presentation to the Bank for a successful Line of Credit

application and approval.

? Restructured and adjusted General ledger accounts to reflect proper

account balances and results of operations including preparation for

annual audit.

? Streamlined month end closing process resulting in significant

reduction in closing time.

? Developed policy and procedures for several significant areas

affecting the Company's results insuring proper allocation of expenses

for government contract reporting.

? Key participant in the Company's acquisition review process as well as

evaluating the potential value of the buy-out of a minority interest

in the Company.

? Directed the implementation of a new Accounting and Project costing

application replacing an aging predecessor.

? Development and evaluation of short and long-term Strategic Financial

Objectives of the Company.

eastwoods packaging corp., New York, NY/Palm Beach, FL

2009 - 2011

Company providing Supply Chain input, Distribution, and support services to

Manufacturing and Service Companies.

Interim Manager/Acting Treasurer/Controller

Brought on board to improve all financial, tax, and operating controls by

successfully aligning individual objectives with corporate policies in an

effort to ensure continued expansion and growth of the company.

FRANK C. PRESTIPINO, CPA

PAGE TWO

middleton pest control, inc., Orlando, FL

2007 - 2009

Provides lawn and pest control solutions to the customers of Florida.

Chief Financial Officer

Served as Senior Executive and Financial member of Acquisition Team,

accountable for due diligence, integration, and final accounting of

multiple individual entities acquired by company which was a significant

subsidiary of publicly traded company. Supervised IT, Finance, Receivable,

Payable, Debt, Purchasing, and Payroll of 600 employees. Oversaw legal

affairs and interactions including contract negotiations and coordination

with external legal counsel to resolve critical issues.

. Uncovered significant revenue shifting scheme of more than $1M and

initiated procedures to lock down access permissions and strengthen

Revenue Recognition policies.

. Challenged Workers Compensation carrier on abnormally high year-end audit

adjustment reducing by more than 50%.

. Implemented a lockbox system for cash collections which significantly

improved availability of cash.

. Managed Treasury function and Tax planning while overseeing SOX

implementation and compliance for entire company.

. Prepared financial statements and SEC filings such as 10 K and 10 Q's

with a revenue volume of $55 - $60M.

. Created procedures and controls over commissions paid that saved company

and share holders approximately $150K.

. Negotiated lease signings, renewals, and control for 28 locations, saving

$100K on lease terminations, designed and executed ERP computerized

customer relations and revenue system and restructured Purchasing

Department to ensure maximum return on purchases resulting in significant

reduction of a major expense by 59% or approximately $500K.

wico (USA), inc., New York, NY/Woodbury, NY/Palm Beach, FL

1982 - 2005

Company involved in Trading, Consulting, and Manufacturing operations in

the International arena.

COO/CFO/Partner/Director of Finance/Controller

Provided concurrent management of Subsidiaries and Affiliates, maximizing

financial, manufacturing and operational performance, by delivering

creative direction and tactical insight into planning, development, and

control of financial and manufacturing operations in support of strategic

and operational objectives for a combined $200M Group. Strengthened

company's presence while establishing strategic relationships and serving

as liaison between operating units shareholders and venture capitalists.

Refined respective market profitability analysis to assist in maintaining

appropriate product pricing. Provided effective counsel to CEO and Board

of Directors on all aspects of business and administration while providing

senior leadership, proactive financial planning, and analysis support and

direction to management team and staff.

. Restructured cost accounting methodology at manufacturing companies to

include costing calculations of raw material elements based on metrics

formed from standard bill of materials and actual usage; adjusted

overhead cost absorption methodology and specific application to

respective manufactured items to properly value inventory and COS.

. Established JIT Inventory Procurement System that limited build up of

excessive inventory, saving $375K annually.

. Key negotiator in movement and sale of manufacturing equipment to Fortune

100 Company for substantial profit.

. Formulated consignment inventory structure with overseas manufacturing

customer and 2 US companies resulting in grossing $1M in profits for

respective principals.

. Organized supply contracts with overseas customers, providing secured

payments, while creating more than $5M in profit.

. Obtained more than $10M in sales by initiating and maintaining line-of-

credit facility with Caribbean Central Bank.

. Negotiated construction and lease agreement of Foreign Manufacturing

Plant at preferential rate while managing entire operation, including

sales, which displaced Fortune 50 competitor and captured 95% of local

market within 6 months.

. Streamlined Entity-wide Treasury procedures to ensure adequate foreign

exchange availability to maintain smooth and profitable operations, saving

financing charges of $250K a year.

. Launched 10-year forecast that became the basis for successful sale of a

Manufacturing subsidiary company to a Fortune 30 corporation only 6 years

after plant start-up; negotiated and supervised sales closing and final

dissolution of Company.

PREVIOUS EXPERIENCE

paneth, haber & zimmerman, cpa's, New York, NY

Audit Manager

arthur young & company, New York, NY

Audit Manager/Senior Accountant/Staff Accountant

. Developed innovative audit approaches to complex client situations

including SEC engagements and filings.

. Supervised approximately 30 professional staff and internal auditors on

several concurrent engagements.

FRANK C. PRESTIPINO, CPA

PAGE THREE

. Served as Computer Auditor, developing tests of computer generated data

and evaluated computer system controls.

. Key contributor in the development of quality control program.

. Organized and structured planning, coordination, and supervision of many

large complex engagements, including publicly and privately-held

companies (including manufacturing, real estate.holding companies, Sports

Franchises and Arenas, Book Publishing, Record Publishing and Artist

Royalty, Entertainment, Hotels, Restaurants, Catering Operations,

Communications, International Trading Companies, Investment Companies,

Real Estate Brokerage, Retail Holding Companies, Litigation Support,

Foundation Accounting, Computer Audit Support, Service Companies, Broadway

Productions, TV Productions, Video Productions, Casino, Airline Support

Services, Corporate Office Coordination, Retail Operations, etc.)

EDUCATION AND AFFILIATIONS

Bachelor of Science in Accounting, Magna Cum

Laude, Fordham University, Bronx, NY

Certified Public Accountant, State of New York

Member, American Institute of Certified Public Accountants

Member, New York State Society of Certified Public Accountants

Committee Member, Members Benefit/International Operations, 1980 - 1997

TECHNICAL EXPERIENCE

Peachtree, Great Plains, MAS 90/200/500, Solomon, QuickBooks, ACCPAC, SAP,

JD Edwards, DacEasy, Oracle, Deltek, MS Dynamics, Office Small Business

Accounting, various report writers (Hyperion, FRX, Crystal Reports, XL

Reporter), Internet knowledge, Microsoft Office Suite

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