David Davis Email and Phone Number

• Provided guidance and leadership during the conversion to 100% employee owned (an ESOP), covering 75 employees.• Established effective procedures and controls related to inventory and jobs processing to achieve 100% reliability and accuracy of inventories and WIP, reducing carried inventory by $1 million. • Guided business through only loss year during tenure by proactively managing cash, communicating with suppliers and bankers, coming out of the downturn without additional debt or raw materials/components supply disruptions.• Successfully transitioned to a new primary bank that resulted in 500-700 basis points reduction in interest rates, shorter terms, and more flexibility from the bank to support business needs.• Used ROI and operating costs to push utilization of robotic welders up from 30%-40% to minimum 75%.• Provided key leadership to join an insurance captive, insulating premiums from traditional market trends and swings, premiums average 10%-20% less, and premiums in excess of claims are returned to the company.• Reduced month-end close and financials generation from 2 weeks to 7 days or less after completing a major project to revamp and increase utilization of the ERP software through retraining, and integration of ERP capabilities into current processes and procedures. • Took on the role of government sales coordinator, obtaining a Federal GSA contract and inclusion in a national state-municipal government buying group. This new revenue stream has grown to add $150,000 - $250,000 to the top line. • Obtained EDA loan as part financing for new dual robot welding system, saving 500 basis points in interest rate.• Implemented budgeting and forecasting based on unit sales, not dollars, and true cost drivers, resulting in highly reliable monthly/yearly financial comparatives and analysis against budget.

• Provided leadership during period of weakened working capital position and bank covenant non-compliance issues, avoiding placement into the bank’s work-out division.• Initiated department and division budgeting, giving each department, retail outlet, and division a voice in the budgeting/forecasting process achieving buy-in and accountability.

• Worked with Millwork personnel to improve, refine, analyze and establish accurate bills of materials, inventory controls, and inventory monitoring resulting in improved financial data and accuracy of inventory stock levels. Reduced stocking levels of key supplies by 10%-15%.• Re-implemented a failing new ERP software system successfully through retraining of all employees by the ERP vendor.• Provided financial leadership during significant company reorganization and restructuring during the severe recession of 2008 - 2009. Worked diligently with the bank’s work-out division to successfully exit out and return to normal banking relationship.

• Leadership during a strategic capital investment project of $2 million that resulted in the successful approval to list the company’s stock on the American Stock Exchange.• Initiated the successful merger of the company’s largest vendor to secure a key parts source, adding $2 million in new revenue, 115,000 sq. ft. of manufacturing, and an increase in headcount that doubled the size of the company.• Increased institutional ownership of the company from 12% to nearly 25% by providing key participation in onsite meetings and conference calls.• Gained the respect and trust of 4 different presidents.• Implemented capital project analysis tools that justified the purchase of an $800,000 Amada laser cutting system that increased productivity by 15% and reduced labor costs by 15% through elimination of additional labor hours to rework or prep cut parts for next steps in manufacturing process. • Used ROI analysis and operating costs analysis to and avoided spending $500,000 unnecessarily on a robotic paint line system.• Implemented a new ERP software system successfully merging two separate systems into one after merger with largest vendor.• Implemented SOX compliance initiatives improving internal processes through a plan that spread the $500,000 consulting and implementation cost over a three year period.• Prepare and file quarterly and annual financial reports with the Securities and Exchange Commission (SEC). Achieving a record of no late filings and no amended filings.• Developed and mentored staff resulting in their achieving promotions and increased responsibilities.

• Prepared and presented financial outcomes to the President and Chairman of the Board. • Provided financial leadership during significant company reorganization and restructuring resulting in a strong financial condition. • Expanded profitability margins through diligent cost analysis, budgeting and forecasting. • Managed inventory levels to maintain adequate supply, maximize turns and minimize investment. • Implement, manage and administer health insurance plan and company 401k retirement plan. • Increased floor plan revenue and product sales by eliminating a long standing sales tool that allowed dealers to rollover unsold units.