CFO

John R. Wendt

* ****** ***** *****

Fairfield, Ohio 45014

Education:

Purdue University – B.S. in Accounting; Minor in Computer Science

Passed Uniform Certified Public Accountant’s examination – November 1990

Current license is inactive (effective January 1, 2003)

Certificate of Educational Achievement – business valuations – 2000

Summary:

In 1989, I co-founded the accounting and consulting firm of H. K. Campbell & Company and served as a tax partner and business consultant to my clients. Additionally, I was the Managing Partner at this firm and oversaw a practice of more than 20 professionals. During the 1999/2000 year, I was named President of the Young Entrepreneurs Organization in Cincinnati (An international organization for young entrepreneurs). My entrepreneurial attitude, business insights, and leadership experiences make me a very effective and well-rounded leader that has the ability to get things done. In the past twenty years, I have helped hundreds of Midwest businesses to enhance their success through creative planning and results-oriented business counseling. My experience in the real estate market covers the range from development, redevelopment, construction, financing (construction and permanent), equity placement and property management.

Ackermann Group – Cincinnati, Ohio 7+ Years

Chief Financial Officer & Development Partner

 Responsible for all aspects of finance for new real estate development

o Acquisition financing for new properties

 Recourse & Non-recourse

 Mezzanine financing

 Deal negotiations

 Due diligence

 Loan document review and consultation with legal counsel

o Construction financing

 Negotiation non-recourse carve outs

 Loan document review

o Municipal finance (TIF, Special Assessment, G.O., Grants, etc.)

 Successfully negotiated TIF deal from $3,000,000 to $12,500,000 and delivered

 Successfully created a hybrid TIF for city taxes only that resulted in $8,000,000 of incentives to start a project.

 Successfully negotiated IRB/IDB along with tourism development act incentives worth about $12,000,000 for a $52,000,000 hotel development.

o Emphasis placed on reducing/eliminating cash equity requirements

 Able to start a $120,000,000 office/retail/condo project for less than $400,000 of equity.

 Able to acquire real estate to start a $27,000,000 condo development with no money contributed.

o Negotiated reduced levels of guarantees and interest rates

 Responsible for equity placement and maintenance

o Negotiate, document and close equity and mezzanine financing

 Update and report progress to equity partners

 Responsible for all outside CPA interaction

o Financial reporting standards

o Annual tax preparation

 Direct controller/office manager/accounting staff to implement policies and procedures

 Lease and sale negotiations with tenants and/or builders

o Negotiated leases and renewals for 260,000 sq. ft of new office space in a down market with record setting net rental rates.

o Key negotiator on all leases for various properties

 Provide oversight and accountability for multi-family development

o Negotiate and close on new acquisitions (legal compliance, deal terms, 1031, etc.)

o Refinance of current properties (CMBS, Agency and Life companies)

o Setup and implement new reporting procedures that increased bottom line cash flow by 50% in first year

 Research, select and implement new accounting/property management software (Skyline and Yardi)

o Design and implement custom reporting

o Oversee policies and procedures for new software

o Key contact for all software implementation

 Responsible for all contract review and negotiations

 Develop and maintain complex computer models (Argus & Excel) for analyzing risk and returns on a development-by-development basis. Complex financial models developed for:

o Office

o Retail

o Hotel

o Time Share

o Multi-Family Rental Property

 Strategic plan facilitation and ongoing review of business model to plan

 General fixing of issues when they occur

o Development

o Construction

o Finance

o Personal and corporate tax planning

Knox Machinery, Inc. – Franklin, Ohio 3 Years

Chief Executive Officer/Chief Financial Officer

 Originally hired as CFO, but promoted to CEO within one month

 Evaluated all businesses process from sales through back office to determine areas of improvement.

 Implemented sales reporting and meeting system for sales people

 Directed weekly sales meetings

 Redrafted and changed sales compensation plan from being based on gross sales to gross profit with incentives for selling to targeted customer groups

 Implemented accounting systems and controls

 Changed accounting system to allow tracking of profitability by department

 Implemented new procedures to allow the sole shareholder to work smarter and reduce hours worked

 Developed new accountable systems for the service department to track hours, utilization and profitability

 Reviewed and implemented changes to the banking and investment relationships of the company

H. K. Campbell & Company 12 Years

Managing Partner

Professional Services Provided

 Performed merger and acquisitions analysis and support

 Facilitated client discussions and negotiations with venture capital groups and private investors

 Served clients by providing traditional services including tax and financial statement preparation, federal, state and local tax workouts, and tax consulting and planning

 Provided business consulting services to clients including executive coaching, litigation support, strategic planning and implementation, divorce consulting, partner entry and exit negotiations, expert witness testimony, bank, investment, insurance and investor relations coaching and negotiations and business valuations

Sales & Marketing

 Primarily responsible for sales, marketing and public relations

 Developed strategic alliances with Big 5 accounting firms, banks, investment firms and other professionals

 Developed series of public speaking presentations to promote the firm and its expertise (9 Deadly Sins of the Entrepreneur, Advanced Tax Planning, Buy & Selling a Business, etc.)

 Promoted firm expertise through substantial networking and radio shows

Operations

 Maintain, analyze and negotiate vendor contracts

 Evaluate, train and review professional and administrative staff

 Facilitate and lead executive team retreats

 Review and analyze monthly financial statements

 Develop and implement daily, weekly and monthly critical success factor reports

 Review and challenge manager’s billings to ensure budgets are met and to maximize client profitability

 Develop, build and negotiate 3 leasehold spaces as the firm grew

 Develop, implement and maintain employee accountability programs

 Evaluate, implement and manage upgrades of network and workstation hardware and software

 Analyze technology solutions and implement changes

Personal

Trinity Lutheran Church

 President of congregation (2003 to 2006) – responsible for implementing business plan and coordinating over 10 different reporting boards; presided over major rehabilitation of sanctuary; presided over a capital campaign to build new space; chairperson of building addition team.

 Director of the board of stewardship (1998 – 2002) – responsible for all financial programs of the church. Oversaw a 4 year program of record breaking donations and growth of financial assets of the church

 Financial secretary (1995 – 2003) – regular counting and reconciliation of weekly contributions

 Appointed to the audit and investment committee of Lutheran Social Services of Miami Valley

City of Fairfield

 Member of Charter Review Committee (2002 to 2005) – Responsible for advising city council on constitutional issues, recommending changes and follow through on implementation.

Young Entrepreneurs Organization

 Elected by peers to be Education Chair, Finance Chair and ultimately President of the local chapter of the Young Entrepreneurs Organization

 Developed, solicited and retained corporate sponsorship that double the annual budget of our chapter

Key Accomplishments

1. Ackermann Group, Knox Machinery & H. K. Campbell & Company - Maintained all computer systems from new server installations to complete replacement of all desktop units.

2. Ackermann Group - Successfully closed real estate deals worth over $30,000,000 with no cash equity

3. Ackermann Group - Primary player arranging for financing on over $200,000,000 in new development

4. Ackermann Group - Increased municipal funding from $3,000,000 to $12,500,000 on one development

5. Ackermann Group - Developed and successfully negotiated municipal participation in two other developments

6. Ackermann Group - Standardized reporting and monthly accounting for all facets of the real estate business unit.

7. Ackermann Group - Developed monthly reporting and accountability for multi-family units that resulted in a 50% increase in net cash flow in one year.

8. Ackermann Group - Reviewed current loan documents and negotiated a 25% reduction in interest rates and removal of loan covenants deemed too restrictive.

9. H. K. Campbell & Company - Increased average billing rate of professionals from $44 per hour to $97 per hour.

10. H. K. Campbell & Company - Grew firm from 2 professional to over 25

11. H. K. Campbell & Company - Responsible for over $300,000 per year in new revenue

12. H. K. Campbell & Company - Fully computerized all accounting, tax and client documentation

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