Chief Financial And Operating Officer, Co-Founder
Global Medical Technologies Inc.
Established profitable foreign joint venture company, ISTOK-Audio International, OAO,Raised Capital:- Won U.S. DOD, AID and TDA grant funding and in-kind assets in excess of $12 million to build state of the art hearing aid factory in former WMD defense plant.- Won US Export-Import Bank Approval for the first phase $17 million medical technology transfer to Poland, plus scheduled, subsequent phases totaling $39 million pending Polish sovereign bank guarantee.- Raised $3.5 Million and negotiated deal for legacy software reengineering venture with IBM, Ernst & Young and Russian Ministry of Defense Negotiated:- Joint-Venture Structure, capital investment and operating agreement,- Structure of four-way legacy software re-engineering and investment deal.Co-Founded Joint-Venture Manufacturing and Distribution: - Converted a portion of one of the premier Eastern European, high tech defense electronics plants converted to the production of hearing instruments of U.S. design and to ISO 9000 standards. Exports under contract and private labeling.Developed Key Relationships:- Cabinet Level U.S. Administration; Vice President, Departments of Defense, Commerce, and State, - Ministry Level: Ministry of Defense, - Advisory Board of Directors: Included Dr. C. Everett Koop, former U.S. Surgeon General,Recognized:- As the only successful, surviving and profitable defense conversion initiative supported by the two governments, - As a model program by the Secretary of Defense, and at the Presidential level of both governments.Successfully Monetized Equity:- Negotiated sale of Global Medical’s interests and monetization of equity.