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Dan Sudduth

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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