MANAGEMENT AND SENIOR INVESTMENT BANKERS
Michael D. Vanderhoof, Chairman, Cambria Asset Management, LLC. Mr. Vanderhoof has broad experience as a private investor and as an investment banker, especially in the areas of capital formation and mergers and acquisitions. He has actively practiced in the private equity and investment business for over twenty years. During his career, he has led financing transactions that have collectively raised over $200 million for early stage private and public companies. Mr. Vanderhoof has structured and overseen dozens of financings and public mergers and acquisitions transactions, including those involving Headwaters Incorporated (NYSE: HW), Prosoft Learning Corporation (NASDAQ: POSO), Auxilio, Inc. (OTCBB: AUXO), Imergent, Inc. (AMEX: IIG), and Bionovo, Inc. (NASDAQ: BNVI). Mr. Vanderhoof is currently a principal of Cambria Asset Management, LLC. Mr. Vanderhoof sits on the Board of Directors of Auxilio, Inc. and Bionovo, Inc. and has extensive experience with respect to financing, management and operations of emerging growth companies. He began his career in 1984 with the securities brokerage firm Wilson Davis & Company in Salt Lake City, Utah.
Shane R. Philbrick, CEO, CFO & CCO, Cambria Capital, LLC. Prior to joining Cambria Capital, Mr. Philbrick was a Registered Representative for Wachovia Securities. In 2002 he entered the securities business as the Finance and Operations Principal and Branch Manager for Eagle Gate Securities. At Eagle Gate Securities, Mr. Philbrick was responsible for financial reconciliation, coordination of annual audit and preparation of financial budgets. In addition to many of the brokerage functions mentioned above he handled supervision of brokers, customer suitability and compliance with firm and industry regulations. Mr. Philbrick received his undergraduate degree in Finance and his MBA, beta gamma sigma, at the University of Utah David Eccles school of Business. Mr. Philbrick holds the Series 4, 7, 24, 27, 53 and 66 securities licenses.
Joel M. Vanderhoof, Executive Vice President of Sales, Cambria Capital, LLC. Joel Vanderhoof is the head of equity sales and trading for Cambria Capital. Prior to joining Cambria, Mr. Vanderhoof served as Vice President of Sales at Alpine Securities, Inc., a registered broker-dealer based in Salt Lake City, Utah that is a member of the National Association of Securities Dealers. During the past eight years, Mr. Vanderhoof has secured or assisted in securing growth capital for a number of public and private companies including Imergent, Inc., Auxilio, Inc. and Bionovo, Inc. At Alpine Securities, Mr. Vanderhoof was involved in training and hiring of new representatives, expanding sales, conducting due diligence with respect to potential investment opportunities, trading and market making in securities and managing a large network of retail and institutional clients. Prior to joining Alpine Securities, he worked for Colonial Stock Transfer where he assisted in company stock issuances and stock transfers. He began his career with Security Direct as a sales manager in 1999. Mr. Vanderhoof holds the Series 7, 24, 55, 63 and 66 securities licenses.
Ron E. Foy, Managing Director, Cambria Capital, LLC. Mr. Foy has more than 25 years of diversified professional experience as an investment banker, transaction and securities attorney, strategy consultant and successful start-up entrepreneur. He has extensive experience advising and counseling companies with respect to strategic direction, identification and achievement of strategic and enterprise performance objectives, corporate development, planning and financing enterprise growth, and setting strategy for and executing mergers and acquisitions. Mr. Foy developed his life sciences industry expertise as President of MCCG Strategy & Analytics (“MCCGSA”), a strategy consulting firm that focused on the medical technology/device and biotechnology industries. MCCGSA targeted both early stage privately-held and microcap publicly-held companies. Prior to MCCGSA, Mr. Foy’s quantitative analytical and transaction execution skills were honed by over nine years of investment banking experience at a Los Angeles-based investment banking boutique, where he worked with both small and middle market companies in selected manufacturing and service sector industries. Mr. Foy developed hands-on operational skills as co-founder and Executive Vice President - Operations of FPC Financial Services, Inc. (“FPC”), a venture capital-backed San Francisco-based firm acquired by a predecessor of Comerica Inc. (NYSE:CMA). Prior to FPC, as division counsel for Itel Corporation (now Anixter International, Inc. [NYSE:AXE]), Mr. Foy was responsible for negotiating, structuring and closing all transactions involving a $2 billion capital equipment portfolio. Mr. Foy also gained extensive M&A and corporate finance transaction execution experience as an attorney with major California- and New York-based law firms. As investment banker, counsel or principal, Mr. Foy has played a primary role in negotiating, structuring and closing over 30 transactions with an aggregate value exceeding $800 million. Mr. Foy holds a B.A. degree from the Ohio State University, obtained his J.D. from the Harvard Law School and obtained his M.B.A. from the UCLA Anderson Graduate School of Management. Mr. Foy is a member of the State Bar of California and has served as a guest lecturer and panelist (finance) at the UCLA Anderson School. Mr. Foy holds the Series 7, 24 and 63 securities licenses.