Joseph A. Heater- CPA, MBA

*** *********** ***** • Downingtown, PA 19335

Cell: 610-***-**** • Home: 610-***-**** • Email: ac748j@r.postjobfree.com

SUMMARY OF QUALIFICATIONS

Successful senior financial executive with over thirty years of accounting and finance experience in telecommunications/construction, pharmaceutical, information technology, distribution and financial services.

Extensive experience in strategic planning, corporate financing and capital structure, mergers & acquisitions, SEC Reporting, P&L management and budgeting for both public and private companies.

Works collaboratively with executive management team to direct corporate strategy and operations, presenting regular results to board of directors and shareholders.

Leads organizations experiencing significant growth and change by combining professional dedication with excellent management and interpersonal skills.

PROFESSIONAL EXPERIENCE & ACCOMPLISHMENTS

Unitek Global Services, Inc., King of Prussia, PA 2016 to Present

$400 million private-equity (PE) owned telecommunications company providing fulfillment, engineering & construction services for major telecommunications and cable providers.

Chief Financial Officer

Hands-on executive officer responsible for leading accounting and finance functions of six operating units.

Responsibilities include board of directors reporting, strategic planning, mergers & acquisition, debt restructuring, insurance risk management, treasury management, accounting research, and financial analysis.

Lead due diligence, deal structure, closing, integration and post-closing settlements for three acquisitions with operations spanning fifteen states.

Coordinated $120 million debt refinancing and credit facility with new lending syndicate.

Raised $50 million in preferred stock equity for acquisition funding.

Restructured finance organization, brought discipline to monthly closing, and retooled reporting package.

Organized monthly and quarterly financial board presentations with PE ownership and independent directors.

Prepared pro forma financial analysis and ROI related to new project opportunities and capital investments.

Directed selection process for new ERP solution and recommended other IT solutions for business units.

Engaged in wind-down and divestiture of non-core, under-performing business unit.

AC Lordi Consulting, Inc., Malvern, PA 2014 to 2016

80-person accounting and finance services firm, providing resources to organizations on important initiatives, including interim regional transition management, SEC & financial reporting, and acquisition integration.

Director, Accounting Services

Financial leadership and controllership to a PE-backed $400 million chemical manufacturer.

oProvided purchase accounting and finance support for $900 million acquisition, including settlement of final working capital adjustment, and valuation.

oManaged debt analysis and accounting for $555 million senior term loan facility and $200 million unsecured senior notes.

oPrepared quarterly financial statements and MD&A for private equity management and lenders, and audit-ready financial statements using predecessor and successor statements.

Financial consulting to PE-owned $500 million health and fitness manufacturer and distributor.

oCompleted $390 million debt restructuring with multiple lenders for senior and subordinated debt.

oRedesign closing process to accelerate monthly close and tighten reporting requirements in preparation for initial public offering (IPO).

oPrepared audited financial statements and S-1 in connection with IPO.

Analyzed financial viability and divestiture of non-regulated business units for publicly-traded water utility.

Joseph A. Heater- CPA, MBA Page 2

WPCS International Incorporated, Exton, PA 2003 to 2014

$100 million publicly- traded international company providing communications infrastructure electrical contracting services and developing a bitcoin trading platform. (NASDAQ: WPCS).

Chief Financial Officer

Responsible for all accounting and finance functions and operations of the company and its ten operating units, spanning twenty states and three countries.

Responsibilities included strategic planning, mergers & acquisition and related integration, board reporting, insurance risk management and surety bonding, cash management and banking, investor relations, accounting research, debt restructuring, SEC reporting branding, and financial analysis.

Spearheaded the raising of $30 million in private placement common equity capital, and $6.5 million of hedge fund-held senior convertible notes and convertible preferred stock.

Secured three separate commercial bank lines of credit, ranging from $5 to $15 million in borrowing capacity, in conjunction with the evolution of the company’s business, including bank covenant management.

Negotiated the acquisition of seventeen companies, including identifying target companies, developing business/operating plans, valuation, due diligence, and deal structure for domestic and international targets.

Successfully integrated the acquisition transactions into the operations, resulting in company growth from $500,000 to $100 million in annual revenue.

Led expansion of international operations in China and Australia, via acquisition and full integration.

Managed the divestiture of four (4) operations to raise additional capital.

Developed 13-week cash management forecasting tool to build longer term cash “runway” in a cash-constrained environment.

Implemented Timberline accounting system to support growth of company and job costing analytics.

Solved complex accounting issues including convertible debt, purchase accounting, percentage completion revenue recognition, capitalization of software development costs, goodwill impairment, and Sarbanes-Oxley 404 compliance reporting.

Locus Pharmaceuticals, Inc., Blue Bell, PA 2001 to 2003

Development stage pharmaceutical company using proprietary computational technology to develop small molecule therapeutics targeting specific diseases.

Corporate Controller

Hands-on management of internal and external financial reporting including the board, venture capital investors and ad hoc reporting and projects with CFO, annual audit, monthly closing, accounts payable, fixed assets.

Lead budgeting and forecasting process, working with each department and R&D to manage costs and effectively budget each specific research program, and perform related cash burn analysis.

Selected and implemented Great Plains Dynamics and FRx accounting system, to improve timing and scope of financial deliverables and analysis to manage the business.

Financial administration of company transactions including Delaware holding company, foreign research licensing, name change, equipment loan facility, letters of credit.

Esavio CORPORATION (formerly Netera, Inc.), Devon, PA 1999 to 2001

Pre-IPO technology consulting company, providing application development and network services in 12 locations, with annual revenues of $70 million.

Director of Finance & Corporate Controller, Acting Chief Financial Officer

Senior management team-member building the company and preparing for planned IPO, including S-1 registration, financial projections, and coordination of due diligence with bankers.

Complete responsibility for all internal and external reporting, monthly closing, management reporting, restructuring, budgeting, business insurance, financial controls, managing an eight (8)-person department.

Cash forecasting in connection with raising venture capital and private investment capital.

Joseph A. Heater- CPA, MBA Page 3

AIRGAS, INC., Radnor, PA 1995 to 1999

Largest distributor of industrial gases in North America; revenues of over $4 billion and over 1,000 locations; (NYSE: ARG).

Director of Financial Planning & Analysis 1998 to 1999

Assistant Corporate Controller 1995 to 1998

Prepared three-year financial forecasts linked to strategic plan, management decisions and key metrics.

Designed integrated forecast model for projecting consolidated and business unit results, derived key ratios, and introduced ROA and ROE investment return measures for company investments.

Prepared all SEC reports on Form 10-K, 10-Q, 8-K; Form S-3 for several acquisitions.

Managed three-person team responsible for the purchase accounting and integration of over 100 acquisitions.

Guided merger of $65 million carbon dioxide manufacturer and integrated all aspects of a unique $45 million carbon dioxide production facility.

Directed a $20 million restructuring charge related to operations reorganization.

FERRELLGAS PARTNERS, L.P., Kansas City, MO 1992 to 1995

One of the nation’s largest distributors of propane with annual revenues more than $2 billion and over 800 locations; (NYSE:FGP).

Manager, Financial Accounting

Successfully completed a $275 million IPO for a newly formed limited partnership, concurrent with a $250 million senior note offering, including SEC S-1 filings, deal structure modeling, and underwriter due diligence.

Managed all SEC reporting, monthly internal and external financial results, key performance metric reporting, while supervising a ten (10)-person department.

Administered the purchase accounting and integration of a $45 million acquisition.

ARTHUR ANDERSEN LLP, Philadelphia, PA; Omaha, NE 1985 to 1992

Former Big 8 professional accounting and tax advisory firm

Manager, Audit and Business Advisory Services

Seven years of progressive responsibility serving clients in the insurance, real estate and banking industries.

Successfully managed all aspects of client engagements for public and privately- held life, health and property-casualty insurance carriers.

EDUCATION

VILLANOVA UNIVERSITY, Villanova, PA - Master of Business Administration December 2002

UNIVERSITY OF NEBRASKA, Lincoln, NE – BS, Business Administration; Major: Accounting May 1985

PROFESSIONAL ASSOCIATIONS

Certified Public Accountant, Member American Institute of Certified Public Accountants

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