RESULTS: Reduced expenses by thirty percent (30%), improved sales by over ten percent (10%), identified and recommended suitable funding sources for a debtor in possession asset sale (Chapter 11, Debtor in Possession, 363 Asset Sale) and restructured the company to provide some shareholder and employee incentive while settling legal actions against the company and removing ongoing liability.

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CHALLENGE: Protect the investment value of shareholders and employees from poor management practices, bad hiring decisions, preferential vendor payments, and lawsuits.

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ACTIONS: Conducted review of all vendors and payments, amended limits on signing authority, and removed bank signature authority from non-management level staff.  Changed reporting structures to promote visibility and communications between groups.  Removed poor performers and reset key performance indicators; created new revenue and sales targets. We engaged legal resources to restructure the company and hold lawsuits in abeyance while continuing operations.