Founder And Managing Director Neocon Associates, Inc.
Current
Neocon Associates, Inc/ Patrick Burns And Associates
We provide expert services on an interim or as-long-as-needed basis to help companies and stockholders in times of crisis, transition, expansion, acquisitions, divestitures, refinancing, mentoring and team building (Interim CEO, CFO, CTO) and other Sr. Mgmt positions. We have successfully assisted over 40 companies ranging from start-up thru IPO. I have personally completed over 29 engagements as interim CEO with a high success rate. These include, but are not limited to, the following: (just a sample)- kHw - software for auditing energy efficiency in structures..- Mincom (software): 5 month fin restructuring, $10m cash burn reduction, reorged foreign subs, resulting in $27m rev improvement (acquired by ABB)- Lumenare Networks (software): 26 month crisis turn-around, resulting in rev increase from $2.5m to $22m (acquired by Dell Computer)- Lightspeed Interactive (software): 25 months, reduced monthly burn by $600k, bought and integrated 2 acquisitions, increasing annual revs from $720k to $8m (sold to Astoria Software)- Rita Medical (Medtech): 24 month start-up, launch, acquired funding, moved from pre-rev op loss of $6.2m to $5m operating profit. IPO- SPATCO (environmental, distribution and engineering): 20 mo re-org of 3 entities, implemented growth plan- doubled revs from $11m to $22m. One division acquired; the other merged into a public company. - VitaMed (medtech): 15 mo turn-around from $5m oper loss to $8m oper profit (acquired by Medtronic) - EndoMedix (medtech): 20 mo re-alignment of 2 distinct businesses, resulting in 75% rev growth from $18m to $27m (spin off from Baxter)- Eyecare USA (Optometric HMO): 39 mo assignment to turn-around company that had been infiltrated/damaged by organized crime. Revenues grew during tenure from $16m to $34m, then company/assets sold/liquidated. - One Point (micro-PC/software distribution): 27 month assignment to grow and exit for shareholders. Increased rev ~3x, from $9m to $22m (acquired by Egghead)