JAY M. BEHLING, CPAChatsworth, CA 91311 April 23, 1998 To: Jaanus Silla 1927 Prosser Avenue West Los Angeles, CA 90025 Dear Jaanus, I am pleased to enclose a copy of my resume, in accordance with your request. If you are able to find investors, I would, of course, be happy to help in any way that I can. Good luck on your efforts. Sincerely, Jay Behling Jay Behling QUALIFICATIONS: EXPERIENCE: Designed and installed an accounting system for a newly acquired business, insuring a timely and smooth transaction. Prepared income and cash flow forecasts to be used in connection with private placement and debt financing activities. COMMUNICATIONS AND ENTERTAINMENT CORP. Prepared and filed registration statements with SEC for shares sold in private placements, with net proceeds over $9 mi1lion. Developed three-year operating plan and computerized financial models, completing a private placement memorandum used in raising capital. Revised the a1location formulas used in the preparation of state franchise tax returns, resulting in a reduction of tax of over $100,000. Prepared analyses of potential cash flow and profitability in connection with potential acquisitions of assets and businesses, providing a tool for informed decisions. Analyzed contractual arrangements and revised royalty reports, resulting in reductions in royalty payments of over $200,000. Advised and negotiated major aspects of credit agreements with banks, securing financing for major projects. THE GUBER-PETERS ENTERT AINMENT COMP ANY Conducted an in-depth financial review involving a potential $400 mi1lion acquisition, resulting in discovery of facts which led to abandonment of purchase. Initiated planning, acquisition and implementation of MIS systems providing timely and accurate information and improved control over assets and costs. Developed computer model for motion picture projects which tracked reports provided by distributors, uncovering inaccuracies in reporting and resulting in increased collections. Administered stock option and 401(k) savings plans, providing improved benefits to employees and enhancing Company's ability to hire and retain personnel. TURNER ENTERTAINMENT CO. (Successor to MGM/UA Entertainment
Co.) During this period these above companies were involved in re-structuring operations including acquisitions and dispositions of business segments. The Turner organization became the ultimate successor. During the merger and acquisition phase, managed all financial matters, including SEC requirements, resulting in the raising of $1.6 billion through public offerings to finance transaction. Managed valuation of Company's assets required for purchase accounting, including appraisal of extensive film and television library. Served as member of executive management team, which evaluated sale of assets and businesses, resulting in receipt of $550 million of proceeds. Managed major down-sizing effort in financial department while successfully accelerating reporting of financial information. Developed financial strategy, reducing projected tax liability by more than $2 million over five year period. LORIMAR, INC. Managed development of state-of-the-art MIS accounting system to support rapid growth and expansion, producing timely and accurate information without increasing staff levels. Assisted in structuring production joint ventures and related tax financing, and negotiated a “Safe Harbor” lease, netting over $1 million. PRlCE WATERHOUSE & CO. EDUCATION Here you will find all of the members of the team. |
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