Chief Financial Officer or Chief Operating Officer or VP Finance

MICHAEL WALLACE 951 Graland Place Highlands Ranch, CO 80126 [email protected] 303-725-1805 CFO / COO / VP FINANCE Consistent focus on organizational effectiveness and growing revenue and earning s including during periods of complex change. Accomplished, innovative and versatile leader with demonstrated and sustained st rategic level success across a range of roles. Proven effectiveness in: financia l control and establishing best-practice corporate accounting policies, linking business strategy to business operations, motivating staff to embrace cultural a nd process change, managing projects from concept to completion, and corporate c ommunications. Determined, tenacious and creative. An effective business and tea m builder able to deliver results through inspiring trust, motivating key stakeh olders, and leading change. Core Competencies: Asset Management Corporate Governance Strategic Planning Board Participation Customer and Vendor Relationships Project Management Chan ge Management P&L Project Management Startups and Turnarounds Team Leadership and Motivation Supply Chain Management IT Strategy Negotiations Presentatio ns Human Resources Management EXPERIENCE ARROW ENTERPRISE COMPUTING SOLUTIONS, INC. / ALTERNATIVE TECHNOLOGY GROUP Englewood, CO 1999-2010 $4.9 billion technology distribution division of Arrow Electronics, Inc., with o perations in 26 countries, 75 suppliers and 18,000 customers. Arrow purchased Al ternative Data Technology in 2006. ALTERNATIVE TECHNOLOGY GROUP - CFO (2009-2010) $840 million technology distribution company operating in the U.S. and Canada; 4 0+ suppliers and 3,000 customers. Alternative Technology Group was acquired by A rrow in 2006 and remained a wholly-owned subsidiary until 2009. Retained after the acquisition by Arrow to continue Alternative Data Technology( tm)s growth trajectory and alignment with Arrow. Ultimately managed integration into Arrow ECS, with virtually all employees finding positions. Integrated five vendors and 200+ customers of a $180 million revenue software g roup of Arrow ECS into Alternative Data Technology, in less than 90 days, with a core team of seven and a contributing team of 25. Retained Arrow ECS customer base while managing B2B conversion, assignment of c ontracts, financial system migration, network change, compensation changes and n ew reporting structure. Increased available sales time by 30-40%, improved organizational speed and enh anced accountability by identifying the need to change the sales order process a nd managing the change implementation team. Coached the Alternative Technology Group to a successful Oracle ERP conversion in 2009 with a relatively low loss of customers and revenue. ALTERNATIVE DATA TECHNOLOGY INC. - CFO (1999-2009); CORPORATE SECRETARY (2000-20 06) Enabled revenue growth from $62 million to $840 million over ten years in the te chnology distribution industry. Built and managed six teams, with a staff of 33 responsible for accounting, credit, IT, operations and administrative activitie s. Achieved an eight year EBITDA CAGR of 24% by growing top line revenue and aggre ssively managing costs. Streamlined monthly closing time from one week to eight hours or less by reorga nizing workflow, prioritizing critical tasks, changing performance standards, mo difying behavior and increasing staff commitment to customers. Reduced bad debt by nearly 80% over three years while continuing to retain cust omers and grow business. Achieved reduction by rationalizing processes, creatin g new forms, promoting alternative forms of payment, revising credit standards,

and changing decision points without adding Identified EDI as a competitive imperative d EDI and related B2B web store development ted in automating more than 40% of business for 40 customers and 11 vendors, each with

headcount. vital to growing the business and le from startup to roll out which resul transactions in less than four years unique requirements.

ALTERNATIVE DATA TECHNOLOGY - Cont(tm)d. from Page 1 Improved and maintained key liquidity ratios over a nine year period through tw o economic cycles. Improved purchasing decisions, collection efficiency, and dis bursement timing. Renegotiated contracts with suppliers and customers to receive better payment terms and increased discounts. Built relationships with bank and private equity partners by consistently deliv ering results. Strengthened relationships through ongoing open communication and eliminating surprises. Prevented at least $3 million of inventory losses by being first distributor to break with industry standard practices and moving to a sustainable inventory mo del. This change was vital to surviving an economic downturn. Early career: COCHLEAR CORPORATION, Englewood, Colorado US operations for Cochlear, Ltd the world leader in advanced hearing loss soluti ons; revenues of $734.8 million in 2010. VP FINANCE Accomplishments: Created a data-driven, consumer friendly pricing and trade-in program which ena bled the launch of the Spectra 22 to become, at that time, the most successful n ew product launch in company history, and exceeded the project(tm)s forecast gro ss profit by nearly 500% Recovered $750,000 in paid duty and eliminated a contingent duty liability of n early $2 million by leading a complex, seven-year series of negotiations with U. S. Customs. Navigated a significant barrier to company growth by creating an industry model reimbursement strategy that actively managed the reimbursement decision from pr eauthorization request through payment. Identified business opportunities that reduced costs, increased revenue from ne w and existing customers, and improved operational efficiency, resulting in capt uring a 90% market share in the medical device industry. Co-authored a robust disaster recovery plan that was used as a model for client s worldwide. Promoted from role as Controller. EDUCATION & CREDENTIALS MBA, Finance - Regis University BS, Accounting - University of Kentucky Completed 18 graduate course hours focused on Strategy and Leadership - Universi ty of Denver Certified Public Accountant - Colorado License 8306 Highlands Ranch Metropolitan District Board Member, 1998-2001 Accounting Instructor, University of Phoenix, 1999-2001 http://www.linkedin.com/in/mawallacecolorado