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<br /> <br /> <br /> <br /> STEVEN J. PIWNICA <br /> 142 Jasmine Creek Drive <br /> Corona del Mar, CA 92625 <br /> (949) 721-1052 <br /> e-mail: steveniwgi?~yalloo.cont <br /> SENIOR FINANCIAL EXECUTIVE - PROFILE <br /> A goal-oriented executive with 25+ years experience who combines a big picture perspective with <br /> detailed process knowledge and strong interpersonal skills to develop strategies, promote concepts <br /> and resolve complex problems. A proven leader and analytical manager with a track record of <br /> contributing strong profit improvement through systems development, organizational restructuring, <br /> and a value-oriented focus in manufacturing and distribution. <br /> • Strategic Planning & Consulting • Corporate Finance & Accounting <br /> • Mergers & Acquisitions • Management Information Systems <br /> • Private Equity - Leveraged Buyouts • Contract Negotiations <br /> • Supply Chain Management • Energy Management <br /> PROFESSIONAL EXPERIENCE <br /> i <br /> i <br /> ChicfF/nnnc/nL Officer 8c C/eieflnforrnrcfion 0 <br /> ff7cer 1999 to present <br /> Royalty Carpet Mills, Hrc. <br /> Privately-held carpet and yarn manufacturer with annual revenues exceeding $100 million. <br /> Responsibilities include all financial and accounting functions, the development and management <br /> of all information systems, oversight of warehousing operations, shipping, factory planning & <br /> scheduling, inventory planning and control, energy management, factory regulatory compliance and <br /> various administrative functions. Also responsible for contract negotiations, risk management, <br /> property management and all real estate transactions. <br /> • During 2006, worked with a major investment banking firm and equity buyers to arrange a buy- <br /> out offer at very favorable EBITDA multiples. Royalty's owners chose not to accept the offer. <br /> • "Rescued" the company from a near collapse of information systems through quick, decisive <br /> action in switching software vendors and devising a viable strategy for new system <br /> implementation. <br /> • Installed factory cogeneration systems to achieve more reliable and cheaper energy sourcing. <br /> • Developed fill standard costing, comprehensive data mining & factory analysis. <br /> • Revamped demand forecasting systems, policies and procedures with sophisticated new cut <br /> table and order fill logic, resulting in reduced inventory losses and enhanced sale of aged and <br /> distressed goods. <br /> • Consolidated, integrated and streamlined all information systems, administrative and <br /> warehousing operations after the acquisition of another carpet mill. <br /> • Directed the litigation strategy in a major lawsuit and won a large award for damages. <br /> • Instituted a new and sophisticated freight invoicing system that achieved major repeat savings <br /> in (eight costs. <br /> Exhibit 1 <br /> 13A-3 <br />