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Dan Sudduth possesses over thirty-one years
of experience in executive management and corporate
directorships, with an emphasis on entrepreneurial ventures. Mr. Sudduth has been instrumental in the financial success of
several companies through the initial public offering (IPO)
process, and through acquisition and sale of corporations or
their divisions.
Mr. Sudduth currently serves as Chief
Financial Officer and Director for iOffice, Inc., a process
software company specializing in operational supply chain
management for Fortune 1000 companies.
Prior to his arrival at iOffice, Inc.,
Mr. Sudduth held Vice President, CFO and Director positions at
Henley Healthcare, Inc., the world’s largest publicly held
manufacturer and distributor of physical therapy, rehabilitation
and pain management equipment and products. While with Henley,
Mr. Sudduth was responsible for all financial and accounting
functions during growth from $500,000 in annual revenue to an
annual rate of $60 million. While performing his executive
duties, Mr. Sudduth successfully managed all the financial
functions of the company through 14 acquisitions in both
domestic and international markets.
In the span of three years, Mr. Sudduth
effectively applied his entrepreneurial abilities in the
formation of two companies, the acquisition and subsequent sale
of a third company, and the shepherding of two companies through
the initial public offering (IPO) process.
At Mezzanine Financial Relations, Inc.,
in Houston, Texas. Mr. Sudduth was one of two partners to start
and maintain all operation for this merchant banking firm
specializing in merger & acquisition consulting for public
companies, as well as capital raising, seed-capital contribution
and managerial duties for self-owned companies. As Chairman and
Chief Executive Officer, Mr. Sudduth worked with client
companies to develop business plans, long-term growth strategy
and investor relations to raise capital through initial public
offering, private placement or venture capital. Mr Sudduth also
located and secured acquisition or buyer candidates for client
companies, and developed and implemented the structure for deal
closing.
As one of five founders of Creative
Communications International, Inc., in Houston, Texas, Mr.
Sudduth held the position of President/CEO and performed all
executive officer duties for this provider of long-distance
services and developer/marketer of pre-paid phone card
technologies. Mr. Sudduth made a significant financial
contribution to the start-up of this company, and raised the
remaining necessary capital. At the end of this relationship,
the company’s pre-paid phone card division was acquired by
EqualNet Corp. for approximately $1 million.
Mr. Sudduth was one of three partners who
acquired AMC Medical Corporation in Houston, Texas during its
liquidation process. This company was a provider and supplier of
home healthcare related products and services throughout the
Houston area. Mr. Sudduth served as President/CEO until the
company was acquired by Henley Healthcare, Inc. for
approximately $500,000 approximately one year later.
An influential mentor and trainer in the
initial public offering process, Mr. Sudduth provided oversight
to Mitcham Industries, a 3D seismic equipment leasing firm in
Huntsville, TX, providing investor relations and corporate
training to company executives. Mr. Sudduth also consulted with
the legal and accounting departments in drafting an S-3
registration statement. Following the IPO, the share price
increased from $8 to $34. Mr. Sudduth provided a similar
function to Heart Labs of America in Boca Raton, Florida. Upon
effectiveness of the IPO, he was appointed Director. At the
death of the founder, Mr. Sudduth was appointed President/CEO,
and managed the sale of the founder’s shares to the current
controlling investor group.
Subsequent to this experience, Mr.
Sudduth served in the roles of President, CFO and Director for
American BioMed, Inc. in Houston, Texas. This development stage
company specialized in the marketing and distribution of latex
embolectomy catheters and other complimentary products. While at
American BioMed, Mr. Sudduth performed all executive officer and
director functions, and managed all corporate financial
functions of the company through an Initial Public Offering,
several private placements and a secondary public offering,
while raising in excess of $15 million for the company.
In addition to these achievements, Mr.
Sudduth has thirteen years of experience in commercial banking,
including roles as Chairman, President and Chief Executive
Officer, and eleven years experience in commercial real estate
brokerage and development. Mr. Sudduth holds a B.B.A from Lamar
University, with an emphasis on industrial management.
Mr. Sudduth is a member of the Board of Directors for iOffice,
Inc., and the Dean’s Executive Advisory Board for the University
of Houston’s Bauer School of Business. In addition, Mr. Sudduth
also serves as a Mentor to the Houston Technology Center.
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