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CRISIS AND TRANSITION MANAGEMENT

Radio Stations
Appointed Designated Agent by the U.S. Bankruptcy Court. Successfully operated and sold AM FM combo. During assignment sales tripled and became the #3 station among adult listeners in Albuquerque. Licenses were assigned to John D. Emery. Served as valuation expert in the Bankruptcy Court for an AM/FM radio station.

Electrical Sign Company
Appointed Designated Agent by the U.S. Bankruptcy Court. Operated and sold the company for three times liquidation value (bank's estimate). The company was the oldest and largest electrical sign manufacturer, installer and financier of signs in New Mexico. Served as valuation expert in the Bankruptcy Court.

Sports Club
Appointed Designated Agent by U.S. Bankruptcy Court. Successfully operated club for eighteen months. Attempts to reorganize club were thwarted by determined unsecured creditors who ultimately received nothing. The Reorganization Plan provided the unsecured creditors 10% of their claims and a total package of consideration which exceeded the value of the club by 125%. Health club was the oldest club in New Mexico with over 4,500 members. Secured creditors foreclosed. Provided expert valuation testimony in the Bankruptcy Court.

Large Chain of Night Clubs
Appointed Financial Advisor in successful reorganization of chain of large night. Devised successful Reorganization Plan which was approved by the Court in which the unsecured creditors received ownership of the firm. Provided expert testimony.

Prepress Services Company
Appointed Financial Advisor in the successful reorganization of New Mexico's oldest and largest electronic pre-press service company. Reorganization completed in less than eight months. Company discharged approximately 75% of its debt in a consensual Plan. Provided expert valuation testimony.

Chain Restaurant
Appointed Financial Advisor in the unsuccessful efforts of a 424 seat restaurant to reorganize its financial affairs.

Video Technology Company
Appointed Designated Agent in a publicly traded, video technology company. After bringing the company into operating profitability and submitting a viable reorganization plan, the company was forced into Chapter 7 when the Japanese obsolesced the company's technology through new advancements.

Public Company
Served as Acting President and Chairman of a small public shell to assist the controlling stockholder clean up the shell so that operating assets would be able to be invested in the company. The shell under SEC scrutiny, had lost its Delaware Charter and had numerous lawsuits and claims against it.

Landmark Hotel
Appointed Sales Consultant to sell of an Albuquerque landmark hotel. Transaction value to the bankruptcy estate exceeded $5,000,000. Hotel was the second hotel built by Conrad Hilton in the 1930's.

Defense Contractor
Managed defense contractor bankruptcy. Plan of Reorganization was approved in less than seven months. Company received the SBA Prime Contractor of the Year Award within two years. Oversaw splitting the company into two in order to maximize non-Federal information technology opportunities.

Durable Medical Equipment Company (DME)
Appointed Receiver in Federal Court at the behest of the US Attorney's Office to determine whether the company could be salvaged after the government seized its assets for alleged Medicaid fraud. Determined that the company could be sold as a "going concern," two-thirds of the work force was terminated, instituted a campaign to bring operations into compliance with government regulations, operations were streamlined, and began an immediate search for a buyer. Consummated a sale to an industry giant was consummated within 75 days of appointment, yielding $1,500,000 in cash for the business whose liquidation value was less that $100,000. Provided fairness opinion to the US Attorney's Office and other attorneys overseeing the case. Largest fraud case in New Mexico history.

California Clinical Laboratories
Appointed as Administrator at the behest of the US Attorney's Office to oversee the company's operations during the FBI investigation into potential Medicare and Medical fraud. Took over one day before the company was going to shut its doors, negotiated the release of enough working capital from the state of California to jump start the business, and achieved monthly sales of $1,000,000 with discretionary cash flow of $300,000. Company was the largest independent clinical laboratory in Southern California. Had 150 employees from 8 different language groups. Provided valuations to the parties throughout the case.

California Pollution Control Company
Restructured a California Pollution Control company operating in the semiconductor industry. The company lost over $6,000,000 from operations during its first three and a half years. Within four months the company posted a small profit from operations. Subsequently, the owners decided to abandon the business. Closed the business without incurring any lawsuits. Investors have licensed products to a major industrial firm. Worked on behalf of two wealthy families. (Forbes 400 Wealthiest Families)

Contractor with Delinquent Trade Union Dues
Assisted a New Mexico trade union negotiate a work-out agreement with a contractor that was delinquent in its payment of union dues. A payment schedule was negotiated. The Union was paid and the contractor is still in business. Under normal circumstances the union would have put the contractor out of business.

Auto After Market Industry
Worked as an Intermediary among lenders, creditors, principals and employees to save a potentially litigious, distress situation in the auto after market industry from bankruptcy. This gave the entrepreneur an additional eight months of operating time to try to correct a difficult situation. Assisted in fending off major creditors and ultimately negotiated a friendly foreclosure.

Boutique Landmark Hotel
Assisted wealthy owners deal with lender and partner problems so as to avoid bankruptcy for a historic boutique hotel in Taos, NM.

Natural Gas Distribution Company
Assisted a New Mexico natural gas distribution company with 2,500 customers to reorganize its financial/legal affairs. Negotiated consensual plan between the major creditor and the owner. Resulting agreement created a strong, healthy working relationship between the two former adversaries.

Sports Equipment Wholesale Distribution Company
Provided strategic planning for the reorganization of New Mexico's oldest and largest sports equipment wholesale distribution company. Eventually, assisted a buyer identified by the owner to negotiate the acquisition of his business through the Bankruptcy Court. Served as valuation expert in proceedings.

Fast Food Franchise
Served as Financial Consultant to an eight-store fast food franchise. Drafted a strategy that turned operation from losses exceeding a rate of $480,000 per year into a positive cash flow within six months. Also prepared valuations relied upon by the Resolution Trust Company (RTC) to reach successful settlement negotiations on a large non-dischargeable debt.

Solar Products Company
Assisted solar products company avert Chapter 11. Directed owner's retaking control of a company whose management had been "professionalized." Eliminated 50% of the payroll within one week and repositioned company to pursue strategic alliances within the telecommunications and utilities industries.

Mortuary Company
Assisted an Albuquerque (NM) local mortuary in battle against the RTC and a national consolidator.

Health Club
Worked with small town health club to restructure affairs. Engagement ended with the successful sale of the business.

Retail Chain Company
Assisted a six-store retail chain company that had two consecutive years of losses turnaround the company. Strategy involved closing down a wholesale division and an under performing store, coupled with opening a store in a better market. Company refocused its priorities, arranged a 40% increase in financing, reorganized its administrative staff and upgraded its management information system.

Oil Field Supplier
Assisted a client acquire a large oil field supplier from his employer prior to the company entering bankruptcy. Required securing the release of liens by the taxing authorities and secured lender in order to accomplish the transfer in ownership. Subsequently negotiated a release of liens against the accounts receivable so that the acquirer could finance its growth through the use of this collateral. Arranged financing for the transaction.

Contract Manufacturer
Assisted a contract manufacturer develop an operational survival plan. Strategy included filing a $50,000,000 lawsuit against a Fortune 100 company and file Chapter 11.