DENNIS M. LEE

** ******* 714-***-****

Irvine, California 92606

acwz3q@r.postjobfree.com

Financial professional with a 30+ year track record in developing and

implementing financial controls critical to a company's growth. Strategic

advisor to CEO developing models using key financial information to make

timely fact based decisions. Lead and developed administrative teams

including accounting, human resources, and information technology, by

recruiting, training, and monitoring results. Worked in start-ups to raise

and manage more than $80 million with revenue growth from inception to more

than $25 million. Worked in turnaround operations negotiating with vendors

and streamlining operations. CPA with a bachelor's degree in business

administration from University of California at Berkeley.

Project Consultant from June 2000 to Current. Worked for start-up and

other companies preparing financial statements, forecasts, invoices,

account reconciliations. Analyzed variances and propose corrective action.

Consolidated purchase of subsidiary operations. Analyze capital

structure, review stock option plans and propose changes. Analyze

financing proposals, suggest alternative terms and conditions.

Chief Financial Officer for Credit Card Services, Inc. from July 2012 to

July 2015. The company is one of the largest Merchant Service Provider

serving over 19,000 merchants and processing more than $3.2 billion in

credit card transactions throughout the United States. Revenues exceed

$80.0 million with more than 225 employees.

. Renegotiated processing agreement resulting in a savings of $500,000

annually

. Negotiate increase in line of credit to provide additional liquidity

for growth

. Directly responsible for Accounting, Payroll, Office Administration,

and Human Resources departments.

. Review, revise, and establish policies and procedures to position the

Company for growth

Chief Financial Officer for USC Clinical Research Organization from

February 2005 to November 2011, a non-profit corporation providing clinical

trial management support for University of Southern California's sponsored

clinical research programs generating revenues of $21.0 million.

. Redesigned financial reporting to provide more meaningful and timely

information

. Maintained more than 600 individual project accounts measuring monthly

and project-to-date results based on budget, profitability and cash

flow

. Improved building operations by selectively spending on deferred

maintenance and increasing rent resulting in increased cash flow of

$400,000 annually

. Reorganized departments by reducing redundant staff and adding

appropriately where needed

. Evaluated internally developed software; assisted in design and

implementation of upgrades to better meet company reporting and

operational needs

Chief Financial Officer for Developmentor, Inc. from January 2002 to April

2004, an in-depth, instructor-led training company for experienced software

developers using contract and employee instructors with locations in Los

Angeles, Boston, and London

. Reduced overhead by more than $100,000 per month by identifying key

elements of business and reducing costs in non-core areas

. Negotiate with vendors to reduce outstanding balances - Reductions

ranged from 10% to 80% of original balances. Restored confidence of

vendors to allow terms on recurring services and products

. Redesigned financial reporting identifying key financial drivers of the

business and highlighted performance each month. Reduced month end

closing from 45 days to 12 days by streamlining closing procedures

Dennis M. Lee ... p. 2

Chief Financial Officer for ETM Entertainment Network, Inc. from October

1994 to June 2000 - Responsible for all financial matters for start-up

ticketing company which grew to $28.0 million including the acquisition of

three companies

. Coordinated efforts of attorneys and accountants to prepare Private

Placement Memorandums used to raise more than $80.0 million in debt and

equity; set up accounting records to provide financial information on a

timely and efficient manner

. Prepare monthly financial statements and forecasts to determine funding

and monitor performance

. Negotiate with vendors for terms and specifications; established credit

card relationship allowing company to process transactions without

personal guarantees or security deposits

Chief Financial Officer for 24 Hour Fitness from July 1991 to October 1994,

a multi-location health club with more than 3,000 employees and revenues of

$42.0 million. Responsible for all financial and administrative functions.

. Established their initial banking relationship allowing company to

obtain its first line of credit, reduced credit card processing

charges by 50% generating savings of more than $300,000 in the first

year

. Perform due diligence for acquisitions, negotiate capital

expenditures, manage legal, outside auditors and other key

relationships

. Prepared and analyzed monthly financial statements, provided analysis

of variances of individual clubs as well as overall company

performance. Prepared Company budget and forecast

. Administration of real estate leases; analyzed CAM charges, rent

increases, and TI Allowances; received reductions due to incorrect

calculations or interpretation of lease terms

Vice President Finance for Specialized Bicycle Components Inc. from October

1984 to June 1991, import/distributor of bicycles and components throughout

the US, Canada, and Europe. Responsible for all financial matters including

R & D projects, capital expenditures, establishing subsidiaries, and

managing other important external relationships. Directly supervised

Accounting, Purchasing, Information Services, and Collection Departments

. Negotiated lines of credit allowing the company to grow from $18.0 to

$140.0 million in revenue. Credit facility increased from $6.0 million

with owner's Personal Guarantee to a $50.0 million, two year facility

without a personal guarantee

. Managed $30.0 million foreign exchange risk exposure for USA and foreign

subsidiaries

Audit Manager for Moss Adams, a Regional CPA firm with offices located in

Washington, Oregon, and California from January 1977 to October 1984.

Managed and reviewed audits of manufacturers, distributors, and service

organizations. Industry experience includes Real Estate (builders and

property management), Apparel, Manufacturing and Distribution, and Service.

Authorized to sign Firm name to financial statements.

Education

University of California at Berkeley - Received Bachelor of Science from

the School of Business Administration in 1973

Certified Public Accountant - Received Certification from State of

California in 1978

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