Mark A Newgreen
Los Angeles,CA
Overview
38
38
years of professional experience
6
6
years of post-secondary education
Work History
CFO
STANSPORT LLC
Los Angeles, CA
01.2022 - 01.2025
- Oversaw all financial functions including reporting on $9M asset based line of credit, audits, etc.
- Maintaining bank relationship during turnaround & key role in refinancing $3M of excess inventory resulting from pandemic supply chain issues followed by slow-down in camping market after pandemic.
- Achievements: Achieved merger with larger company, TORG Holdings.
CFO / DIRECTOR
GENIE GATEWAY & ALLCOM
Calabasas, CA
01.2015 - 01.2021
- Managed all financial activities of publicly-traded e-wallet, interactive multi-media communications hub.
- Oversaw all accounting and reporting activities ensuring adherence to regulatory requirements.
- Filing of 10-Q, 10-K and other Securities and Exchange Commission forms.
- Involved in design & development of e-wallet and proprietary e-commerce solutions.
- Guided company’s risk mitigation strategies.
- Achievements: Partnered with legal counsel and auditors to execute reverse-merger, prepare 14-C filing for company name and ticker symbol changes, and a reverse stock split.
CHIEF FINANICAL OFFICER
CASCADE FINANCE PARTNERS
Chatsworth & Glendale, CA
01.2008 - 01.2014
- Oversaw private equity portfolio leading all financial activities including acquisitions, mergers, financing, reporting, budgeting, analysis, cash management, internal controls, and compliance.
- Directed and managed accounting department, and oversaw payroll for approximately 1000 employees.
- Created new legal entities and established accounting and operating systems from ground up;
- Designed and managed all due diligence programs for new acquisitions and coordinated with legal.
- Integrated and or converted existing systems of new acquisitions and established portfolio reporting;
- Established all tax IDs, banking, merchant accounts, payroll processing, insurance, sales tax permits, etc.
- Portfolio Achievements: GameWorks Entertainment – Acquisition and turnaround of seven arcade / restaurants owned by Sega.
- Subsequently acquired and integrated JBC Entertainment with its additional eight venues.
- Turned company around within two years.
- Colorlabs Enterprises - Stabilized struggling manufacturer of compatible and recycled ink cartridges
- Chatsworth Data – Chapter 7 asset acquisition. Organized assets into two entities; IOG LLC, manufacturer of data sensors used in shipping, and CDC Data LLC, manufacturer of scanners used in lotteries, education, etc. Secured International contracts after arranging Letters of Credit. Both profitable within a year.
- State Crane – Acquisition and re-structured of a Crane rental and fabrication service
- Kamako Manufacturing – Start-up manufacturer of proprietary automated equipment for oil rigs.
CFO & ACTING PRESIDENT
SLEEPWELL LABORATORIES, INC.
Woodland Hills, CA
01.2006 - 01.2007
- Stepped in to manage 6 sleep labs in 4 states experiencing extreme vendor pressure and positioned company for an acquisition by Avastra, an Australian public company that was rolling up sleep labs.
- Participated in negotiations for acquisition, due diligence and closing.
- Achievements: Preserved $2M in equity for Sleepwell shareholders after settling payables of over $1M.
CHIEF FINANCIAL OFFICER (PART-TIME)
COLDWELL BANKER COMMERCIAL
Manhattan Beach, CA
01.2000 - 01.2005
- Company Overview: ADVISORY SERVICES GROUP
- Also assisted in appraisals, business valuations, feasibility studies, defect reports, and litigation support.
CEO, CO-FOUNDER, 50% OWNER
ECLIPSE CUSTOM BOATS
Temecula, CA
01.2000 - 01.2005
- Established successful custom boat manufacturer – sold interest after 4 years to Partner
FREELANCE CONSULTANT – LENDER DUE DILIGENCE
01.2000 - 01.2005
- Performed ABL audits, underwriting and other engagements on per-diem basis for CBC, Deloitte, etc.
SVP UNDERWRITER
COAST BUSINESS CREDIT
Los Angeles, CA
01.1998 - 01.1999
- Prepared underwriting of $5M - $30M ABL transactions and led presentations to Credit Committee.
- Collateral included; accounts receivable, inventory, real estate, subscription base, and intangibles.
- Coordinated with auditors and appraisal firms to determine appropriate advance rates.
- Worked closely with internal and external legal counsel to finalize UCC filings and legal documents.
- Authored credit write-ups for participation in larger syndicated deals from large Wall Street firms.
- Achievements: Led underwriting of a complex $30M credit that was taken out within a year by BofA $90M refinancing resulting in $600,000 prepayment penalty paid to Coast Business Credit.
SENIOR MANAGER, AUDIT & LENDING SERVICES DEPARTMENT
SINGER LEWAK ACCOUNTANTS & CONSULTANTS
Los Angeles & O.C.
01.1990 - 01.1997
- Managed audit and review engagements across a broad spectrum of industries.
- Performed and managed 100s of due diligence engagements for numerous financial institutions.
- Member of Technology Committee - EDP audit coordination, software selection, and staff training.
AUDIT STAFF & COMPUTER PROCESSING SPECIALIST
KPMG PEAT MARWICK
01.1987 - 01.1989
Education
Bachelor of Arts - Accounting & Management Information System
California State University, Fullerton
Fullerton, CA 09.1983 - 05.1987
No Degree - Engineering & Computer Science
University of California, Irvine
Irvine, CA 09.1980 - 06.1983
Summary
Financial Executive and Business Consultant with proven accomplishments from startup to $100M in annual revenues. Offering keen financial acumen to lead businesses to profitability in both lean times and periods of growth. Experience in M&A, Due Diligence and Asset Based Lending. Also a strong background in management information systems.
Skills
- Financial analysis expertise
- Audit coordination
- Strategic financial planning
- Cash flow management
- Performance metrics analysis
- Cost reduction strategies
- Operational management
- Financial reporting
- Budget development
- Financial management
Certification
Certified Puclic Acccountant
Former CA Real Estate Broker
Timeline
CFO
STANSPORT LLC
01.2022 - 01.2025
CFO / DIRECTOR
GENIE GATEWAY & ALLCOM
01.2015 - 01.2021
CHIEF FINANICAL OFFICER
CASCADE FINANCE PARTNERS
01.2008 - 01.2014
CFO & ACTING PRESIDENT
SLEEPWELL LABORATORIES, INC.
01.2006 - 01.2007
CHIEF FINANCIAL OFFICER (PART-TIME)
COLDWELL BANKER COMMERCIAL
01.2000 - 01.2005
CEO, CO-FOUNDER, 50% OWNER
ECLIPSE CUSTOM BOATS
01.2000 - 01.2005
FREELANCE CONSULTANT – LENDER DUE DILIGENCE
01.2000 - 01.2005
SVP UNDERWRITER
COAST BUSINESS CREDIT
01.1998 - 01.1999
SENIOR MANAGER, AUDIT & LENDING SERVICES DEPARTMENT
SINGER LEWAK ACCOUNTANTS & CONSULTANTS
01.1990 - 01.1997
AUDIT STAFF & COMPUTER PROCESSING SPECIALIST
KPMG PEAT MARWICK
01.1987 - 01.1989
Bachelor of Arts - Accounting & Management Information System
California State University, Fullerton
09.1983 - 05.1987
No Degree - Engineering & Computer Science
University of California, Irvine
09.1980 - 06.1983
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