GERARD F.

AGOGLIA, CPA, CGMA, MBA

Cell: 203-258-5834
Home: 203-445-0452
Fax: 203-445-0453

Trumbull, CT 06611
gagoglia@earthlink.net

Chief Financial / Operations Officer

Proven Turnaround Success, Capital Financing/Equity Placement, Factoring, IPO, SEC/IFRS Experience

Industry Expertise: Apparel, Sportswear and Accessories with 15+ years executive finance experience in
manufacturing and retail operations with marquee brand names (Calvin Klein, Lacoste, Izod, Evan Picone,
Champion, Gant, Monet, Hind, Seventeen, Tommy Hilfiger, Donna Karan and Ray-Ban); Dinnerware,
Crystal and Home Products (Mikasa); Interactive Entertainment Software (Video Game) developer and publisher
(Acclaim Entertainment) and Home Textiles & Bedding (Berkshire Blanket & Latex Pillows & Mattresses).

Capital Financing/ Equity Placement: Secured a $195M syndicated 3-year loan facility with several banks.
Raised over $100M in several PIPE and convertible debt financings. Hands-on receivable factoring experience.

SEC/IFRS/NASDAQ: Implemented Sarbanes-Oxley internal control standards (COSO) in a global company as

well as International Financial Reporting Standards (IFRS). Prepared and filed Forms S-1 and S-3 as well as
Forms 10K, 10Q, 8K and Annual Proxy Statements with the SEC.

Investor Relations-IPO: Participated in investment bank forums, conducted road show presentations and met
regularly with industry analysts and investment bankers. Brought Crystal Brands, Inc. public.

Mergers and Acquisitions: Led due diligence teams on two $500M acquisitions.

ERP System Implementations: Led ERP implementations of SAP, Oracle, JD Edwards, Navision, Microsoft
Dynamics, QlikView, FRx and Lawson to streamline operations and produce timely management reports.

Corporate Turnarounds: Engineered four successful business turnarounds. Restructured organizations,

redesigned business processes and developed strategic operating plans to contain costs and grow profits.
Professional Experience

INTERNATIONAL APPAREL GROUP. New York, NY (Private)

February 2010 Present
$425M international manufacturer, licensee and distributor of childrens, mens and womens apparel & sportswear
Chief Financial Officer
Recruited by CEO to lead Finance, Tax, IT, Operations and HR functions. Responsible for all financial reporting
functions, strategic business planning, IT, HR, logistics, treasury, banking, legal, risk management and taxation.
Restructured and upgraded Finance and IT departments to lower operating costs and improve efficiencies.
Upgraded Microsofts Dynamics ERP system (Solomon Version).
Integrated Co-Metrics international freight & brokerage software with Microsoft Dynamics inventory purchases.
Improved monthly financial closing to 7-days from over 45-days and introduced executive MD&A and financial
scorecard of Key Performance Indicators to review operational performance vs. budget and prior year.
Strengthened internal controls through use of controllers closing checklist and standardized journal entries.
Implemented QlickView enterprise-wide instant reporting system software for use with AS-400 main frame.
Secured a $195M syndicated 3-year loan facility with (HSBC, JP Morgan Chase, IDB and Wells Fargo).
Established foreign exchange currency hedges in Chinese RMB and Canadian dollars.
DRINKS AMERICA HOLDINGS, LTD. (OTC: DKAM) Wilton, CT
January 2009 February 2010
$2M Wine, spirit, beer and non-alcoholic beverages distributor and licensor. (i.e., Rheingold & Paul Newman)
Chief Financial Officer (Interim Consultant)
Responsible for all SEC financial reporting, business planning, treasury, banking, legal and taxation.
Prepared and filed several Form 10-Qs with SEC as well as several Form 8-Ks.
Prepared and filed annual Form 10-K with SEC and managed year-end audit.
Prepared and filed Form S-8; 2010 and 2011 Incentive Stock Plan Registrations for $30M each with SEC.
Prepared and filed Form S-1 for a $6.7M Preferred Stock offering.
Conducted Board of Director and Audit Committee Meetings. Prepared earnings press release.
Implemented reverse stock split and prepared and filed Form 14C annual proxy statement with SEC.

Gerard F. Agoglia, CPA, CGMA, MBA

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BERKSHIRE BLANKET HOLDINGS, INC. Ware, MA (Private Equity)
2007 - 2009
$110M international designer and wholesale distributor of blankets and home textile products.
Chief Financial Officer
Recruited by private equity firm to lead Finance, IT and HR functions. Responsible for all financial reporting,
business planning, IT, HR, treasury, banking, legal, risk management, taxation and operational logistics.
Refinanced $31M revolving line of credit and $30M term loan with banks.
Implemented Lawson ERP system that improved management reporting and lowered chargeback expenses.
Consolidated warehousing & distribution operations with third party logistics operator.
Formed and hired in-country China factory sourcing quality control operations team to ensure compliance with
Target, Wal-Mart, BJs, Costco, K-Mart, Kohls, Sams and other big-box retailer quality manufacturing criteria.
LATEX INTERNATIONAL, Shelton, CT (Private Equity)
2006 - 2007
$80M international manufacturer and distributor of latex foam mattresses and pillows.
Chief Financial Officer
Recruited by CEO and private equity firm to lead Finance, IT and HR functions. Responsible for all financial
reporting functions, business planning, IT, HR, treasury, banking, legal, risk management and taxation.
Obtained $750K Connecticut Department of Public Utility Corporation Energy Grant.
Secured favorable tax ruling on appeal for $130K and $3K from Connecticut Department of Taxation.
Negotiated multi-year purchase hedge contracts for electric, gas and latex material to reduce expenses $1.5M.
Restructured Finance, IT and HR departments to lower operating costs and improve efficiencies.
Implemented LEAN manufacturing and finance procedures throughout manufacturing plant.
Incorporated standard cost and perpetual inventory accounting into Microsofts Great Plains ERP system.
Negotiated a two-year property insurance coverage agreement resulting in $50K per annum in savings.
Established redundant mirror image disaster recovery back-up systems and procedures.
Replaced 401(k) plan administrator to improve plan investment returns.
ARC INTERNATIONAL NORTH AMERICA, New York, NY (Private)
2004 - 2006
$500M international dinnerware, crystal and industrial glassware manufacturer, retailer and wholesaler (Mikasa).
Chief Financial Officer
Recruited by CEO to lead turnaround for conglomerate experiencing financial distress. Developed cost reduction
business plan with CEO. Led team of 80 with accountability for finance functions in the areas of business planning,
IT, HR, manufacturing, retail, treasury, US Customs, legal, risk management and taxation.
Negotiated $75M revolving credit facility with Bank of America at LIBOR plus 1% and retired $37.5M of 9.0%
senior term debt.
Negotiated $40M sale-lease back financing with GE Capital.
Monetized excess acreage on industrial landsite for $15M cash and $10M book gain in 2006.
Instituted a tax strategy to utilize subsidiaries NOLs through the formation of a US holding company to provide
$20M in lower tax payments over 5 years.
Implemented defined benefit pension plan curtailment within 3 operating subsidiaries that contributed $4M to
2005 earnings and reduced pension expense by $60M over following 10 years.
Reduced 2005 operating expenses by $15M through the strategic restructuring of retail stores and reorganization
of accounting, tax, IT and HR functions into a shared services center.
Established a $35M inventory reserve to dispose of discontinued, excess and slow-moving product.
Drove and monitored $16M+ inventory liquidation in 2005.
Implemented SAP ERP in 3 subsidiaries along with Hyperion and centralized payroll operations with ADP.
Directed manufacturing Controller to establish revised standard costing system that yielded a $12M benefit.
Manufactured various glassware products for the US Armed Services under government contracts.
ACCLAIM ENTERTAINMENT, INC., (NASDAQ. SC: AKLM) Glen Cove, NY
2000 - 2004
$300M international interactive entertainment software developer and publisher.
Executive Vice President & Chief Financial Officer
Recruited by Co-Chairmen to lead turnaround for company experiencing financial distress. Developed a profitable,
cash-flow positive, strategic business plan with Board of Directors and Co-Chairmen. Led international team of 60+
with accountability for finance, IT, operations, HR, treasury, investor relations, legal, risk management and taxation.

Gerard F. Agoglia, CPA, CGMA, MBA

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Raised over $100M in several PIPE and convertible debt financings, and retired $50M of convertible bonds.
Reduced fiscal 2001 operating expenses 45% or $91M through the strategic restructuring of the organization and
the implementation of company-wide expenditure controls.
Engineered a business turnaround from a $131M annual loss in fiscal 2000 to an $8.4M annual profit in fiscal
2001 which contributed to the Companys stock appreciation from $0.30 to $6.00 per common share.
Upgraded information systems by implementing Oracle 11i ERP, Navision, Hyperion and a worldwide HRIS
innovative hiring system (Employease) that reduced recruitment costs by $0.7M+ in 2002 2003.
Implemented Sarbanes-Oxley internationally as well as IFRS compliance.

LANTIS EYEWEAR CORPORATION, LLP, New York, NY (Private)

1998 - 2000
$200M international sunglass and optical frame manufacturer, licensor and wholesaler.
(Tommy Hilfiger, Donna Karan, Ray-Ban)
Senior Vice President Finance & Chief Financial Officer
Hired by CEO to lead structural and organizational change for this privately held organization in preparation for IPO.
Hired senior executives in IT, HR and finance and led change efforts throughout company. Managed staff of 30+
employees. Reported directly to Majority Shareholder, Chairman and CEO.
Directed successful acquisitions of a $20M optical frame manufacturer, $1.5M European warehouse and
distribution firm and a $5M domestic manufacturer.
Sponsored/installed J.D. Edwards enterprise-wide system, a $3.5M partnership with PWC.
Collaborated with investment bank Merrill-Lynch and raised $550M for acquisition financing.
Directed 7-month due diligence acquisition project in an unsuccessful bid at auction for the $450M Bausch &
Lomb Ray-Ban sunglass division.
Negotiated syndication of $72M senior secured revolving credit facility with PNC bank.
CALVIN KLEIN, INC., New York, NY (Private)
1997 - 1998
$250M international apparel & accessory designer, manufacturer, wholesaler, retailer & licensor.
Vice President Corporate Controller
Recruited by CFO to prepare Company for IPO. Global responsibility for finance, treasury, budgeting, information
technology and tax operations. Directed 5 Divisional VP Controllers as well as all Corporate financial and tax
accounting functions through a staff of 40+ employees. Reported to CFO.
Implemented Balanced Scorecard strategic budgeting initiatives into companys annual planning.
Developed foreign currency hedging policies, procedures, and derivative trades which minimized exposure on
global royalty revenue and operating foreign currency exchanges.
Led information technology project team in the successful design and installation of Lawson and Navision
enterprise system software, a $2.5M capital project partnership with Deloitte & Touche.
Developed bank sponsored financing plan to monetize the projected royalty revenue proceeds of over 30
worldwide licenses into a trust fund in lieu of an initial public offering.
BAXTER INTERNATIONAL, LTD., New York, NY (Private)
1991 - 1997
$60M sports apparel manufacturer and wholesaler. Alexander Julian, Ron Chereskin and Henry Grethel.
Vice President Finance and Operations
Hired by CEO/Principal to lead the turnaround of this privately-held apparel manufacturer. Managed a team of 21+
in finance, tax, accounting, IT, warehouse operations and HR. Designed, implemented and executed corporate
strategies to provide growth and profit improvement. Reported to CEO/Principal and Board of Director Investors.

Planned and executed strategic restructuring of company operations resulting in a $2.4M turnaround.
Established on-line cash management treasury operations.
Implemented the use of barcode and EDI technology in warehouse operations and directed freight broker to
consolidate all international shipments that saved over $0.3M annually.
Consolidated three warehouse and distribution facilities into one location saving over $0.5M annually.
Developed and negotiated a $15M three-year sportswear apparel license with Jockey International, Inc.
Developed and negotiated a $12M two-year design and manufacturing agreement with Lee Apparel.
Installed IBM AS-400 and CAD/CAM systems that improved operational efficiency.

Gerard F. Agoglia, CPA, CGMA, MBA

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CRYSTAL BRANDS, INC., NYSE, Southport, CT
1985 - 1991
$1.0B international apparel & accessories manufacturer, licensor, wholesaler & retailer
Lacoste, Izod, Gant, Evan Picone, Haspel, Monet and Trifari.
Vice President Finance - Divisional Controller Accessories Group
Monet & Trifari Costume Jewelry & Handbags ($350M division)
1989 - 1991
Assistant Corporate Controller (1985 1989)
Recruited by CFO to launch IPO and establish corporate finance organization for this General Mills IPO/spin-off
before being selected to merge the financial and administrative operations of $275M and $75M accessory businesses.
Coordinated due diligence for acquisitions of $450M apparel business and $75M accessory business.
Addressed key acquisition accounting issues, directed all SEC reporting, independent public auditor examinations
and negotiated and resolved acquisition agreement issues.
Developed and implemented cost accounting, perpetual inventory and transfer pricing systems that integrated
domestic weaving mill with two Caribbean 807 manufacturing plants, saving $0.5 annually.
Participated in bank covenant discussions for placement of $200M term-loan facility with bank consortium.
Established company-wide uniform accounting principles and a common chart of accounts.
Installed corporate LAN, FASTAR and FRx financial systems to report monthly divisional and consolidated
operating results, forecasts and budgets uniformly throughout company.
Negotiated agreements for Canadian distributor and Japanese license increasing sales $7M.
TIGON CORPORATION, Stamford, CT (Private Equity)
$4 M Telecommunications Company
Vice President, Controller

1984 - 1985

RAYMARK CORPORATION, NYSE, Trumbull, CT

$350M international OEM & Aftermarket automotive parts manufacturer
Assistant Corporate Controller & Treasurer (1982 1984)
Director, Internal Audit (1981 1982)

1981 - 1984

DELOITTE & TOUCHE, LLP, Stamford, CT

1975 - 1981
International Public Accounting Firm
Senior Audit Manager (United Parcel Service, R.H. Macys, Boehringer-Ingelheim and Litton Industries)

EDUCATION
Certified Public Accountant: New York and Connecticut
Chartered Global Management Accountant: New York and Connecticut
MBA Finance: St. Johns University, New York, NY
BA: Fairfield University, Fairfield, CT
PROFESSIONAL & COMMUNITY AFFILIATIONS

American Institute of Certified Public Accountants.

Chartered Global Management Accountant.
Connecticut Society of Certified Public Accountants.
New York State Society of Certified Public Accountants.
Financial Executives International.
Member St. Stephen Catholic Church Finance Committee & Parish Council
Director and Treasurer International Alliance for Children, Inc. - Adoption Agency.
Adjunct Accounting Professor Fairfield University and Western Connecticut State University.
Cubmaster for Cub Scout Pack 164, Tashua School, Trumbull, CT.
Financial Advisor Boy Scouts of America; Eagle Scout.
Trumbull Little League coach for boys baseball and girls softball teams.