David A. Musser
2117 El Rancho Vista
Fullerton, California 92833
EXPERIENCE:
CONSULTANCIES:
STEPUP, LLC
Stepup, LLC was a startup to manufacture a product for the pet market. The object was to test market it to determine the feasibility of producing it on a large scale. We designed a rotational mold for the production of the product, producing and marketing it in test markets in Arizona. The volume price would have required an injection molded product and molds for the costs to allow a profit. The designer and financier decided to abandon his idea.
AMERICAN DEVELOPMENT CORPORATION
The owner was the divorced wife of gentleman who was the general partner of the managed Partnership properties - approximately 1800 low-income units in Middle West and California. She obtained ownership as security for loans made to her former husband which were unpaid. I became President of the company, changed the operating management and increased the occupancy of the various properties and their cash flow. The relationship with the various HUD offices was improved and an existing defalcation was corrected and the prosecution turned over to the US Attorney's Office in Los Angeles. The former husband (general partner) repurchased the ownership of the Company at a price and terms acceptable to the owner. My relationship with the former owner and the company was discontinued when she collected the debts due to her.
BARMASTER, INTERNATIONAL
An investment group had funded Condiment Master, a developmental corporation. It was
decided that a combination with a former parent company, BarMaster, International (a manufacturing firm) would allow a second round of financing to the benefit of stockholders in both firms. I was asked to prepare BarMaster, International financial reports for the three year history necessary for a S-1 or Reg. D offering. Unfortunately, after examination, the firm did not have a profitable history despite the management's and outside auditors presentations of results. The new President, brought in to correct a perceived management problem, and I sold the BarMaster company to IMI Cornelius (an international conglomerate). We also arranged for a purchaser for Condiment Master, but a product royalty holder prevented the sale from consummating. Condiment Master went out of business.BECKER CPA
Successfully installed computerized accounting and reporting system for this multi-state organization which teaches CPA candidates how to pass the qualification examinations to become a Certified Public Accountant.
PRIVATE FAMILY TRUST
A J. Paul Getty, Jr. Trust, in Reno, Nevada (over $800 million in assets) required the establishment of the Trustee's unconditional control of the trust assets. Chase Manhattan Bank's Custodial Department in New York, NY and some 18 money managers around the world were investing the funds of this Trust with the aid of an analysis and advisory group from Boston, Massachusetts. A standard microcomputer accounting package was designed to accommodate the reporting, and the data from Chase Manhattan Bank was converted into the source information for automatic transfer to the Trust accounting system. Chase's internal controls were substantially increased as a result of the investigations. Subsequent audit expenses were reduced to ¼ of the auditing firm's first year's costs. The control of the Trustees was satisfactorily established
CENTURY PACIFIC INVESTMENT CORPORATION
Performed functions of CFO, including financial statements, tax returns and administrative functions for 65 partnerships which had investments in 180 partnerships. Responsibilities included securities compliance and acquisition review. Organization was raising $48 million in equity per year.
DOMINION CAPITOL CORPORATION
Supervised the financial affairs of the general partner corporation and investor partnerships. Wrote private placement memoranda, and acquired real estate for investment. Burton Smith, former California Real Estate Commissioner and Bill Beck were general partners of their partnerships.
RED CARPET REALTY
Managed several Real Estate Offices in Sante Fe Springs, CA.
EMPLOYMENT:
CREATIVE RESOURCES, INC.
President and CEO of a venture capital company which had investments on both coasts. The company had made its investment choices. I was employed to help the investments mature and to shepherd them through the interest rate problems during the oil crisis in the middle 1970's. Operating companies included a kitchen cabinet manufacturer, a personal care equipment manufacturer, pathologic incinerator manufacture and installation, real estate syndication.
STANDARD COMPUTER CORPORATION
Held position as Vice President, Administration and Corporate Secretary. Arranged for Interim Capital funding and supervised preparation of public offering documents (S-1) for a successful IPO. Standard produced a line of scientific mainframe computers which could emulate most other mainframe manufacturer's equipment at that time. Responsibilities included personnel, purchasing, accounting and administration. Participated in acquisition of time-share subsidiary of Pillsbury Mills for stock.
OWL CONSTRUCTORS AND OWL ROCK PRODUCTS
Controller of construction operations in the United States and some foreign operations which grew to $48 million annually. Negotiated tax treaty settlement with Jamaican government. Operations included a ICC trucking company, rigging operations, tower line footings for utility companies, generator installations, equipment installations in oil refineries and manufacturing plants, offloading aluminum plant equipment from ships at a Caribbean roadstead, hauling the concrete beams for the BART system on the eastern side of the San Francisco Bay, providing the aggregate in a joint venture with Riverside Cement Company (who provided the cement) for the California Aqueduct. Related operations included the supervision of the contract employees on Johnson Island for the U. S. Government, and an oil well exploration company with an offshore oil well drilling ship. Designed and installed computer and reporting system for construction and aggregate operations. Participated in acquisition group who successfully purchased Roedeffer Industries which owned substantial sand and gravel operations in the L.A. Basin.
RIVERSIDE CEMENT COMPANY
Assistant Controller of cement manufacturer with plants at Oro Grande and Riverside, California. The parent company, American Cement Corporation, had plants in Hawaii, Arizona, Michigan, and Pennsylvania. The Arizona plant furnished the cement for the Glen Canyon Dam in Page, Arizona. The Oro Grande, CA plant had provided the cement for Hoover Dam.
MUSSER AND COMPANY
Family owned food processing business in Southern Minnesota and Northern Iowa. Served as the Controller for several years.
EDUCATION:
BBA University of Minnesota. Various Graduate School Courses. Real Estate Broker's License. Have held Securities Broker's License, Real Estate Appraisal Learning License, Real Estate Teaching Credential.. Currently attend Microsoft TechNet meetings.
Fax: 714-879-4011 E-Mail:
dmusser@worldnet.att.net Telephone: 714-738-0848