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Philip E.

Blocker, CPA


FINANCIAL/OPERATIONS EXECUTIVE Princeton, NJ 08540
Cellular phone (917) 225-7672
p.e.blocker@att.net

SUMMARY OF QUALIFICATIONS

SYSTEMS FINANCIAL OPERATIONS INDUSTRIES
Oracle / PeopleSoft / Frx Mgmt Reporting Purchasing/Inventory Manufacturing
MAS90 / QB / Sol / SBT Budgeting / M & A Audit & Logistics Retail & Distribution
M/ERP Implementation Royalty Accounting IT & SW Dev Technology & Pharma

ACCOMPLISHMENTS

M & A + SEC/IPO TRANSACTIONS: Logistical software industry - negotiated a 13x NI valuation
with 98% yield through the Due Diligence (DD) by $18 billion buyer. Amusement Park &
Photography Industry achieved 21x NI based on remaining contract value with 96% payout after
DD. Lifestyle Industry 18x NI with 90% payout after DD. Achieved successful $12MM IPO for
$60 million technology manufacturer. Two years of 10Q/Ks for a logistical software company.


VENDOR MANAGEMENT: Restructured insurance requirements that saved $320M/year.
Developed an Asset Recovery offering that added $200M/year in gross margin. Set up GPO saving
$135M/year in operating expense. Negotiated additional $85M in landlord build-out reimbursement.
Signed a retail chain to an $80MM website that resulted in a 22% revenue increase. Directed major
corporate purchases (e.g., telecommunications = $180M in annual savings). Negotiated higher
Medicaid pay-outs with HMOs that added $140M/year in gross margin.


SYSTEM DESIGN & IMPLEMENTATION: Designed and implemented systems for inventory,
warranty, MC/VISA and a new marketing program (increasing annual net income by $5MM). Within
three months installed a new MRP system (Third Shift). Conversion from Oracle to Solomon,
including FRx reports to reflect cross functional P & Ls by geographic location. Built an inventory
management system to reduce obsolescence and excess inventory, along with a new Accounts Payable
process that together provided annual savings of $140-220M. Implemented Quickbooks Enterprise for
12 assisted living facilities along with training 12 business managers as first time users, as well as at
Live Nation for reporting merchandise royalties to 52 artists on 2-300 concerts each year. Did two
month MAS90 MRP implementation for a $60MM technology manufacturer and while at Rohm &
Hass implemented an MRP system with a precious metals strategy that added $480M to gross profit.
Implemented semi-annual gain sharing for 400 employees based on budget vs. actual performance.


GOVERNMENT and TAX STRATEGIES: Set up a Venezuelan subsidiary to save $125M in annual
taxes (VAT & Income). Successful $200M+ State grant to reduce cost of MRP/ESL/technical training
initiatives. Obtained $25MM in HUD sponsored mortgages allowing a 4:1 leverage on outside equity.
Successfully submitted Assisted Living operating license requests and handled all responses.

Philip E. Blocker, CPA Page Two


EXPERIENCE

IC Technology Deployment, Inc. - $15 million roll out project at FMC clinics. 6/12-present

CFO

Secured equity and debt to cash flow roll out project.
Implemented accounting system to report gross margin on 2,000 clinics.
Monthly reporting and yearly taxes/audits.
Created Asset Recovery solution adding $180M/year in margin.
Responsible for F & A, IT, Purchasing and Logistics.

Premier Senior Living, LLC - $30 million holding company of Assisted Living properties 3/10 5/12

CFO

Acquired six properties which were absorbed in 15 months - growing from $4MM to $30MM.
Established new accounting system in hosted environment to handle expansion.
Restructured insurance requirements and brokerages that save $320M/year.
Monthly reporting and year end audits for nine properties including the consolidated entity.
Implemented semi-annual gain sharing for 400 employees based on budget vs. actual performance.
Responsible for F & A, IT, Purchasing (e.g., set up GPO saving $135M/year in operating expense).

Robert Half Management Resources 10/04 2/10

Financial consultant fulfilling $10MM - $100MM clients interim CFO/Controller
requirements in manufacturing, pharmaceuticals, software, and telecommunications

Business process reengineering - restructured workflow between multiple branch operations
M & A sold $2MM SW Division for $4MM (closed in six months).
Inventory Management Obsolescence/Accuracy/Excess Analysis
Finance, Treasury and full accounting responsibilities
Budgeting with monthly reforecasts and variance reporting
Monthly consolidated financial statements of three to eight foreign subsidiaries
FAS 50, 52, 68, 84, 91, 94, 95, 98, 109, 123R, 130, 142 and 146 + SOP 98-9 & EITF 00-10, 02-7
Supervise two eight senior accountants plus accounting clerks


ASKL Enterprises, Inc. 4/02 9/04

Financial consultant fulfilling $5MM - $50MM clients interim CFO/Project
Manager requirements in manufacturing, retail and financial services

M&A Activity: Valuations, Due Diligence and Business Planning (e.g. $2MM sale)
Signed chain to $80MM website, resulting in 10% revenue increase
Royalty accounting with quarterly reports/payments for 55 artists & 62 manufacturers
Built retail customer service, financial, MIS and purchasing departments
Implemented new MRP/Accounting system
Submitted $200M+ State grant to reduce cost of MRP/ESL/technical training initiatives
Financial reporting of $10 billion credit derivatives portfolio


Philip E. Blocker, CPA Page Three


MediaServ, Inc. - $8MM eBusiness Consulting/Product Company (ceased operations) 8/00 3/02

CFO/Vice President, Finance & Operations

Maximized cash flow during period of reduced sales through layoffs, leasing and restructured sales.
Designed new structure for consulting group to foster career development and retention.
Financial, HR, legal, MIS, Recruiting, Sales & Facilities

ECCS/FRG/POLARIS Group - $60MM Intl Computer Manufacturer/Distributor 3/94 7/00

CFO/Vice President, Finance & Operations

Set up a Venezuelan subsidiary to save $125M in annual taxes (VAT & Income).
Designed Divisional P & L, including technical service cross charges to determine technical
resources requirement and to serve as compensation model for Divisional Directors.
Successfully completed $12 MM IPO and prepared annual/quarterly SEC filings.
Managed Operations, Product Marketing, MIS, Credit/Collections and Distribution.

The Computer Factory - $400MM National Retail Chain (70 Stores) Sold in Jan. 94 6/89 2/94

Assistant Vice President, Finance

Prepared business plan and obtained $60MM credit line.
Designed and implemented systems for inventory, warranty, MC/VISA and a new marketing
program (increasing annual net income by $5MM). Supervised a staff of five professionals.
Directed major corporate purchases (e.g., telecommunications = $180M in annual savings).


EMCA/Rohm and Haas - $10MM Semiconductor Manufacturer Relocated to PA. 6/86 5/89

Controller

Implemented an MRP system and precious metals strategy; adding $500M to gross profit.
Hired, trained and supervised an accounting staff of six G/L, A/P, A/R and inventory.

IN-Wear/Matinique, Inc. - $35MM European Sportswear Manufacturer 7/83 5/86

Assistant Controller

Responsible for Credit and Collections, including chargeback resolution.
Hired, trained and supervised an accounting staff of ten G/L, A/P, invoicing and payroll.

New York City Office of the Comptroller 7/79 6/83

Management Auditor
Conducted financial audits of private companies holding NYC franchises in accordance with
generally accepted auditing standards (e.g., Honeywell, Inc., South Street Seaport)

EDUCATIONAL BACHELOR OF ARTS, June 1979
AND Queens College of the City University of New York
PROFESSIONAL
LICENSES CERTIFIED PUBLIC ACCOUNTANT (Passed all four parts of the exam)