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Chief Financial Officer

Location:
Milwaukee, WI, 53202
Salary:
200000
Posted:
February 06, 2025

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Resume:

Thomas Iwanski, CPA (inactive)

Franklin, Wisconsin

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

714-***-**** mobile

www.linkedin.com/in/thomas-iwanski-56194958/

Professional Summary

CEO/CFO/COO: Start-Up, Turnaround, IPO, SEC, M&A & High Growth Organizations Competent, decisive and dedicated executive with an extensive knowledge of sophisticated software development, technology hardware including digital and analog integrated circuits, heavy manufacturing operations, consumer products and medical product delivery services. Visionary, strategic and conceptual thinker. Able to generate new ideas and initiate change. Results driven. Works judiciously, and methodically to achieve and exceed company goals. Thrives on challenge, can critically scrutinize and evaluate financial and business issues. Combine sophisticated financial expertise with tactical execution to successfully increase value for employees and shareholders. Comprehensive skill set in contract law, human resources, banking, capital raising, forecasting, information systems, sales and marketing. Strong SEC, Internal Controls and Sarbanes-Oxley experience and a roll up your sleeves accountant. Worked with over 75 companies over career. Career Highlights

• Beginning in February 2018 started with preparing the IPO and NASDAQ Capital Markets listing efforts for Humavox Ltd. This effort was indefinitely deferred in December 2018 due to lower enthusiasm from potential investors during the testing of the waters process. Company is in a similar industry as Energous Corporation as indicated below.

• In March 2014 participated in the IPO and NASDAQ Capital Markets listing raising $27.6 million for Energous Corporation and assisted in a follow-on direct registration of common stock raising over $20 million. Company went from a valuation of approximately $11 million when first introduced to a peak of $130 million shortly after the IPO, then to over $500 million. Company got on NASDAQ Capital Markets with zero revenue and 17 months of operating history.

• Increased market value of Procom Technology by $47,000,000.

• Actively involved in M&A sales transactions aggregating over $400 million with Intel, Cabletron Systems, Broadcom and Sun Microsystems.

• Worked and consulted with over 75 domestic and international companies from multiple industries.

• Currently hold Board position with one charity. Diverse experience with publicly-held, venture backed, family controlled and angel investor funded companies.

• Founded two companies, and became a significant owner of a third, Live- Vu Communications.

• Ten years of Big 4 audit experience with KPMG LLP including four years as senior audit manager. Work Experience

American Metals Technologies, LLC

Interim Chief Financial Officer (July 2024-Current) The Company is a Tier 1 precision machine manufacturer to the automobile industry with operations in Wisconsin and India. Working with Company to develop and implement strategic plan for their manufacturing operations and growth plans.

Fuell, Inc.

Interim Chief Financial Officer (November 2023-June 2024) The Company is a designer and assembler of electronic bicycles with markets in the USA and Europe. Installed NetSuite ERP system and advised CEO on financial matters. Solar Integrated Roofing Corporation (Traded as SIRC) CEO special projects (Feb 2023-June 2023)

The Company is a vertical integrated provider of solar and roofing systems to residential and commercial customers. Company trades on Pink Sheets as SIRC.

Perform special projects for the Company’s CEO.

Triad Semiconductor, Inc. (North Carolina) (55-Employees) Interim Chief Financial Officer and Secretary- (Dec 2021-October 2022) The Company is a growing analog integrated circuit (“IC”) designer and fabless semiconductor company serving the fortune 500 customers. Significant expertise in Virtual Reality and Augmented Reality IC design and supply.

• Individual investor and raised $1.6M in bridge funding

• Modified financials to be in compliance with US GAAP

• Restructured $35M in debt financing

• Built accounting team to handle future IPO

Vantage Point Corporation (Wisconsin) (25-Employees) Interim Chief Financial Officer (Feb 2021-December 2021) Company is one of the leading ecommerce companies for Information Technology equipment in the Midwest and one of Amazon’s largest midwestern based partners. Ecommerce is driven by the company’s own proprietary operating system.

• Revamped the accounting department and the closing process to expedite the time to close to a few days.

• Provided strategic direction to multiple business opportunities

• Completed getting the company in full compliance with all sales tax filings and payments Humavox Ltd. (Israel) (21-Employees)

Interim Chief Financial Officer and Secretary- (Feb 2018-Feb 2021)

• Led the IPO process until indefinitely deferred as the Company’s financial and administrative person to secure a listing on NASDAQ Capital Markets that is also complaint with Israeli Companies Law.

• Point person to install new accounting system, payroll, compensation programs and infrastructure for this fast growing company

• In-depth involvement with various audits, valuation work and SEC Form F-1 regulatory filings for the registration of stock

• Actively involved in commercial contract formulation and negotiations

• Developed financial model and annual operating plan across all the departments Energous Corporation (NASDAQ “WATT”) (Market capitalization about $300,000,000; 65-Employees) Interim Chief Financial Officer and Secretary- (December 2013 – June 2014); Operational Consultant (June 2014- Nov 2014); Vice President (Employee) (Nov 2014-Feb 2017); Consultant (Feb 2017-Oct 2017)

• As CFO was point financial and administrative person to orchestrate the raising of approx. $27,600,000 in IPO proceeds and gathered a listing on NASDAQ Capital Markets

• Point person to install new accounting system, payroll and infrastructure for this fast growing company

• In-depth involvement with various audits, valuation work and SEC Form S-1 regulatory filings for the registration of stock

• Post IPO transitioned to a strategic planning and operational role with the company and assisted in the raising of an additional $20,000,000 direct registered offering of common stock. Medbox, Inc. (OTCBB “MDBX”) (Market capitalization was in excess of $250,000,000) Vaporfection International, Inc.

Senior Financial/Operational Consultant – (April 2013-March 2014); Interim CFO (March 2014 – October 2014)

• Financial and Operational Consultant for what was once the industry leading consulting company to the Herbal Medicine Industry

• Drove the change in Board of Director membership to a majority of independent directors and recruited new CEO.

• Point person to install new accounting system, payroll and infrastructure for this fast growing company

• Point person to clean up past acquisitions and business dealings. Colour Concepts, Inc. ($20M in Revenue; 100 employees) Top Financial Employee/Consultant to Company and Owner (Jan 2012-Aug 2012) (Company sold in Bankruptcy)

• Led leading web to print e-commerce Company through difficult battles with over 35 lessors and lenders and led the company through the chapter 11 process on behalf of the debtor-in-possession.

• Cleaned up the accounting records and prepared numerous analysis of the Company operating results for creditors and potential investors.

Live-Vu Communications, Inc. (April 2007-December 2011) ($<1M-Revenue; 6-Employee/Consultants) Consultant with role of Chief Executive Officer, Chief Financial Officer, Co-Founder, Director and Angel Investor Self funded start-up monetizing patented next generation video communication technologies, low bandwidth video phones and cutting edge telemedicine/telehealth solutions.

• Negotiated and consummated reorganization of Predecessor Company.

• Raised approximately $600,000 in angel financing.

• Positioned company for leadership position in Healthcare Industry’s telemedicine space.

• Developed top level business contacts in Healthcare. Communicado, Inc. formerly SyncVoice Communications, Inc. (September 2006-June 2007)

($2M-Revenue; 40-Employees)

Chief Financial Officer

Venture funded start-up delivering Software as a Service for call accounting and VoIP implementation and monitoring.

• Established venture banking relationship and $1,750,000 credit facility.

• Cleaned up the Company’s accounting and revenue recognition policy.

• Assisted in the $11 million Series C financing that successfully closed in June 2007.

• Established offsite hosting center and revamped corporate IT infrastructure. IP3 Networks, Inc. (April 2005-July 2006) ($5M-Revenue; 40-Employees) Senior Vice President, Chief Financial Officer and Corporate Secretary Venture funded start-up focusing on network access control appliances.

• Negotiated contingent patent infringement lawsuit settlement.

• Raised $2 million in follow on funding from existing venture firm shareholders.

• Led the successful relocation of the operations to a more cost effective 10,000 sf location.

• Delivered buyer of the assets for the lead bank under an Assignment for the Benefit of Creditors arrangement. Procom Technology, Inc. (February 2003-June 2005) ($25M-Revenue; 47-Employees) Advisor to the Chairman and Chief Executive Officer Initially a publicly listed company, with international operations, that developed, marketed, manufactured and supported proprietary Network Attached Storage (“NAS”) software and systems.

• Stock price 02/2003 was at $0.24 from a high of $80; Company subsequently sold its intellectual property to Sun Microsystems in June 2005 for $50 million or $2.75 per share.

• Engineered major turnaround and implemented new corporate strategies, operational and financial plans.

• Handled numerous contract negotiations which resulted in cost reductions of $1,000,000.

• Orchestrated taking the Company private.

• Negotiated buyout of critical embedded source code from previously hostile vendor allowing Company to license its technology.

• Effective teamwork utilized to negotiate complex licensing agreement of technology to Sun Microsystems, Inc. which resulted in bottom line profitability.

• Took the lead in the settlement of damaging shareholder suit and complex audit issues.

• Led the sale of the $12 million corporate headquarters facility and the relocation of the operations to a more cost effective 9,000 sf location.

Memlink Ltd. / Memlink USA, Inc. (January 2001-December 2002) (Pre-Revenue; 45-Employees) Vice President Corporate Development (Ltd)/Chief Financial Officer and Director (USA) Israel-based company developed 3D-Digital MEMS based optical switch sub-module.

• Coordinated operational control of domestic operations.

• Traveled to Israel and worked with local management on restructuring development budgets.

• Company assets sold in December 2002.

Xponent Photonics Inc. (July 2001-May 2002) (Pre-Revenue; 46-Employees) Acting Interim Chief Financial Officer, Consultant Innovative optical component process technology to efficiently connect fiber to optical devices using waveguides.

• Conducted document review for an $18 million private placement.

• Obtained a $3 million equipment financing line with a venture bank.

• Established practice to buy capital equipment through used equipment venders and online sources which saved the Company over $500,000 in upfront costs.

Cognet Microsystems, Inc. / Intel (October 2000-June 2001) (Pre-Revenue; 35-Employees) Chief Financial Officer, Consultant

High-speed CMOS based chips. Sold to Intel in April 2001 in excess of $200 million.

• Negotiated terms for $5 million private equity investment, $3 million convertible bridge loan and $2 million real estate lease for 19,000 sf.

• Led tenant improvement team on design of open space and procurement of capital equipment and workstations.

• Oversaw due diligence work associated with the sale. Coordinated financial and legal system integration issues with Intel following the sale.

Kimalink, Inc. (October 2000-July 2001) (Pre-Revenue; 10-Employees) Co-founder, Director, Secretary and Chief Financial Officer Passive components used in the wireless industry. Sold to Broadcom in July 2001.

• Handled all daily financial and operational issues.

• Coordinated successful sale negotiations and closing with Broadcom. Prolong International Corporation (symbol “PRL”) (October 1999–April 2000) ($18M-Rev; 40-EE) Senior Vice President Corporate Development, Chief Operating Officer and Director Auto lubrication and appearance product lines marketed to nations largest mass merchandisers.

• Revised customer contracts producing a savings of over $4 million per year.

• Developed additional revenue opportunities that capitalized on brand position and technological advantages.

• Re-initiated the development of “short form” infomercials.

• Installed new primary banking and lending relationship to replace the cancelled credit relationship.

• Returned Company to profitability within 4 months. NetVantage, Inc. (ticker symbol "NETVA") (June 1997–September 1999) ($25M-Rev; 47-Employees) Vice President Finance, Chief Financial Officer and Secretary Designs, manufactures, licenses and sells advanced Fast Ethernet Workgroup Switches based on highly integrated ASIC designs.

• Managed accounting, tax, SEC reporting, legal activities, stockholders, risk management, strategic financial planning, budgeting and investor relations.

• Performed massive "clean up" the Company's accounting practices for potential sale.

• Developed complex financial strategies to capitalize on significant tax NOL position.

• Assisted in the negotiation and closing of the sale for $100 million to Cabletron Systems, Inc.

• Initiated, coordinated and won a lawsuit against a vendor for $1 million.

• Assisted in the preparation of the buyer’s Form S-4 as part of sale. Previous Professional Experience

Computer Marketplace, Inc. (ticker symbol "MKPL") ($20M-Revenue; 45-Employees) Vice President Finance, Chief Financial Officer and Director Brokers the purchase and sale of used and new computer and medical equipment.

• Built medical equipment subsidiary from start-up to sales of $4 million within 2 years.

• Implemented aggressive internal transportation claim management program which minimized both the value and the number of transportation claims made.

• Automated tasks to reduce headcount and provide timely information Wahlco Environmental Systems, Inc. ($80M-Revenue; 500-Employees) Corporate Controller and Officer for this NYSE-listed international company World leader in air pollution control systems.

Managed, developed and coordinated the financial reporting, annual operating plans, annual audits and cash forecasting of 20 subsidiaries with locations in the United Kingdom, Italy, Australia, Canada and Puerto Rico. Performed acquisition due diligence, participated in purchase contract negotiations, actively involved in $10 million restructuring program, tax and legal matters for Canadian plant closure, provided worldwide issuances of letters of credit and bank guarantees from both domestic and foreign financial institutions. Performed 9 bank financing deals with 6 different banks totaling $57 million.

Phase Medical, Inc. (Pre-Rev; 5-Employees)/ Imaging Plus, Inc ($10M-Revenue; 20-Employees) Financial Consultant.

Negotiated new bank credit line, evaluation and negotiation with leasing companies for customer financing, restructuring of Company’s balance sheet, developing financial forecasts, developed production, detailed product costing and pricing plans. Drafted $5 million private placement document.

KPMG LLP - Milwaukee, Wisconsin and Orange County, California Senior Manager, Audit Department

During 10-year career was responsible for the management of financial and compliance audits from 50 to 4,000 hours. Participated in all phases of the audit process including planning, tax and audit technical support, electronic data processing controls review, report preparation, interacting with bankers, venture capitalists and attorneys. Affiliations/Leadership

• Founded the SARA 4 Kids Foundation whose mission is to enable special needs children to receive therapies and care that might not otherwise be available to them.

• Independent Outside Board of Director 11/2004 till 10/2016 for Pacific Healthcare Organization, Inc. “PFHO”

• Scholarship Recipient from the Evans Scholars Foundation

• Member of the Varsity Golf Team, University Wisconsin -Madison Education

• University of Wisconsin, Madison

Bachelor of Business Administration Degree, Major in Accounting

• Executive Education UCLA Mergers and Acquisitions Program



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