ROSE TURNER PAYNE, CPA Carrollton, Texas 75006 rt17bd7bc@westpost.

net Summary:

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Texas CPA with extensive experience in consumer product manufacturing, distribut ion and retail operations - both food and non food. Served as Chief Financial O fficer or Senior Financial Executive for public and private entities ranging fro m 12M to 250M and served in a consulting capacity for companies up to 3B. Excel lent technology skills having installed or re-installed most major software pack ages including SAP and Lawson. Substantial experience in turnaround environment s, bankruptcy avoidance and bankruptcy management. Strengths: Turnaround Management ERP system Installation - SAP, Lawson, Solomon Restructuring Design and Implementation Process Analysis and Design Vendor Management Cash Management Mergers and Acquisitions SEC Public Reporting Financial Reporting and Analysis Bankruptcy Management Retail Multi Unit Monitoring Manufacturing - Domestic and International Distribution - Mass Merchandisers Inventory Costing Benefit Administration International Accounting Audit Preparation - GAAP compliance Financing - Refinancing alternatives Legal Oversight and Negotiation Human Resource Administration Experience: Rose Turner Payne, CPA - Carrollton, TX 2003 - Present Executive and entrepreneurial experience guiding and managing a multitude of com panies spanning a wide variety of industries in a CFO / Senior VP capacity inclu ding: Russell Newman Brands, Denton, TX $165M wholesale women`s clothing. Mattress Giant, Addison, TX $250M retail bedding. Haggar Clothing Co, Dallas, TX $275M wholesale and retail men`s clothing. Sun Capital Portfolio Companies: Stila Cosmetics, Glendale CA $150M luxury cosmetic distributor. Mervyn`s LLC, Hayward, CA, $3.1B retail clothing and home furnishings chain. The Rag Shop, Inc, Hawthorne NJ, $130M retail fabric and craft chain. Souper Salad, Inc, San Antonio TX, $75M retail restaurant chain. BMK, LP - Carrollton, TX, $150M general merchandise distributor. Virbac Corporation, Fort Worth, TX, $75M veterinary pharmaceutical manufacturer. Universal Power Group, Carrollton, TX, $60M battery distributor. Shiloh Foods, Inc, Savannah TN, $12M food manufacturer.

Bollinger Industries, Grand Prairie, Texas 1995 - 2003 $80M Fitness Equipment manufacturer & distributor Chief Operating Officer, Chief Financial Officer, Executive Vice President of Fi nance * Selected and installed SAP fully integrated enterprise system in five months. * Led turnaround initiatives to reverse losses of $7M per year to break even.

* Negotiated with IRS to maintain qualified 401K plan, adopted new plan format, administered employee benefits including cafeteria plans. * Resolved DOL investigation, reduced turnover, established Human Resource funct ion, updated employee benefits and review procedures. * Operational unit won SPARC award twice for operational excellence at Mass Merc handisers. Mission Foods Corporation, Dallas, Texas 1992-1995 $60M Tortilla & Tortilla Chip manufacturer & distributor Regional Controller * Implemented system-wide standard cost and inventory control processes for thr ee multi-lined manufacturing facilities. * Integrated purchase of $17 MM Company, installed system, established standard cost files, customer and pricing files. Hercules Distributing Company, Miami, Florida 1987-1991 $22M Distributor of Borden Snack Foods Controller Borden Inc. Snack Food Division, Western Zone 1981-1987 Snack Food Manufacturer & Distributor Director of Accounting Operations, Kansas City Mo. Controller, Dallas, TX Lerner Shops, North Texas, Clothing Retailer 1978-1981 Store Manager, District Trainer Education: Certified Public Accountant, Current license Bachelor of Science, Retail Management, University of Illinois, Urbana-Champaign . Accounting and Graduate Courses, University of Texas, Dallas. Civic: Elder, First Christian Church, Carrollton Treasurer and Board Member, Metrocrest Family Medical Clinic Treasurer and Board Member, American Sewing Guild, DFW Sponsor, Boy Scouts of America