Mr. Christenson’s recent experiences include the following:

• Focused an 80 million Euro revenue Pan-European Telecom Network Provider for survival at the time of a dramatic industry shakeout during 2001 - 2003 by shedding all access businesses and concentrating on the company’s optical fiber broadband network. Before this turnaround, the company had expended nearly $400 million of the $600 million invested capital in just less than one year. Concluded the turnaround in November 2003 with a transfer of ownership by the private equity holders to a US public ISP network operator.
  
• Restructured the Spanish optical fiber broadband network company under a Suspension of Payment procedure in just under 6 months.
  


• Saved a $30 million government contractor and commercial Health Physics and Staff Augmentation service provider from imminent bankruptcy by:
  
  • Reducing overhead $3.6 million through consolidating government contracts administration, corporate and operational headquarters.
    
  • Sold “Enterprise networking” start-up activity to operational management.
    
• Concluded outstanding litigation matters.
  • Settled $10 million suit by former President/CEO at minimal cost.
  • Concluded and settled Securities and Exchange Commission (“SEC”) investigation of company, former officers and directors with no financial penalty to company.
  • Settled various employee wrongful discharge/harassment suits.
    
• Completed “Incurred Costs Audits” on Government cost plus contracts with the Defense Contracting Audit Agency ("DCAA") resulting in an excess of $2.0 million cost and cash recovery to the company.
        
• Sold company through cash merger to number two industry competitor returning market-value to shareholders.
  
• Led operational reorganization and financial restructure of $75 million, international, public, data communications and networking software/hardware manufacturer.
  
• Reorganized operating divisions and returned company to debt free operation by closing two foreign subsidiaries, consolidating two domestic subsidiaries, selling an $11 million unprofitable consumer electronics subsidiary.
  


• Managed $18 million Drexel junk bond exchange, the nucleus of a $35 million senior and subordinated debt restructure, returning the company to a positive cash position of $10 million in five years after being in default on all its debt.
  
• Directed two secondary public equity and one senior subordinated debt offering.

Mr. Christenson received his Bachelors Degree in Accounting from Fairfield University, Fairfield, CT and his Masters Degree from the University of New Haven, CT. While active in various business ventures and professional organizations Mr. Christenson served as an adjunct professor in foundational studies for the Graduate program at Johns Hopkins University, Baltimore, MD. Currently he is a Director of the Florida Chapter of the Turnaround Management Association and a member of the National Association of Corporate Directors.

Corporate Director Addendum

Committee interest – Audit committee, willing to serve as chairman and qualified as Audit Committee Financial Expert under the US Securities and Exchange Commission rules .

First served as corporate director 1990, primarily public company experience.

Company annual revenue sizes:
From less than $1 million, to over $25 up to $70 million.

Previous committees served on: