MICHAEL HINES, TRUSTEE, CA

Michael William Hines

Curriculum Vitae

Qualifications and Background

Over 25 years of progressively increasing responsibility and expertise in:

• Working with companies to solve a variety of operational and financial problems.
• Conducting research that provides a comprehensive view of competitors and market opportunities.
• Conceptualizing how to undertake projects so that pre-established goals and objectives can be realized.
• Analyzing information and preparing computerized financial models.
• Creating ways to improve efficiency and economics.
• Negotiating financial and business arrangements.
• Presenting financial and technical information to private and public sector audiences.

Professional Experience

Hycroft Financial Partners and EHS Capital Partners               2001 – to present

Currently working with four firms to expand or launch new operations, a summary of which is as follows:

• Assisting Vancouver based company plan and arrange financing for a major residential and recreational project in the Lower mainland of BC.  Total capital required will exceed CDN $300 million.
• Assisting California based self-storage company plan and arrange financing for a major corporate expansion in California, Hawaii and Vancouver.  Total capital required will exceed USD $100 million.
• Assisting Los Angeles based insurance services company execute a USD $3 million acquisition plan by designing and implementing a comprehensive business management and reporting system.
• Assisting Toronto based private equity fund invest CDN $25 million in Western Canadian oil and gas projects.  Responsibilities include the identification and selection of qualifying investment properties.

Chief Financial Officer                       1999 - to present                                                          

WJS Group of Companies

Responsible for complete business restructuring, planning and expansion activities for a group of companies, which provides social service programs to governments under contract with 550 employees and CDN $16 million in annual billings. Growth in revenue was accomplished through the development of a comprehensive business plan, acquisition of three business units and negotiation with lenders to fund transactions.

Senior Project Manager                                                                                    1998 - 1999

P3 International Trade and Investments Inc.

Responsible for planning, financial accounting and administration of a CDN $35 million town core re-development project located in a Maple Ridge, BC.

Executive Vice-President                                                            1997 – 1998

Lameque Quality Group Ltd.

Responsible for operational and expansion planning, coordinating strategic partnerships, finance and accounting for a horticultural supply company with 135 employees and CDN $15 million in annual sales. To finance the proposed plan, assisted the company with securing and renegotiating CDN $10 million in debt capital.

Partner and Senior Vice-President                                            1978 – 1997

KPMG and KPMG Inc.  (AB, ONT, NB and NS)

Advanced from entry-level accountant to partner and senior vice-president with responsibilities covering audit, consulting, forensic and insolvency engagements for clients in the public and private sectors. 

Real Estate Sector Experience

My real estate sector experience includes:

• Assisting a Vancouver based company plan and secure financing for a major residential and recreational project located in the Lower Mainland of BC.  Total capital required will exceed CDN $300 million.
• Assisting a California based self-storage company plan and secure financing for a major corporate expansion in California, Hawaii and Vancouver.  Total capital required will exceed USD $100 million.
• Assisted P3 International and The District of Maple Ridge with a CDN $35 millions public private partnership to develop a new office tower, library, and performing arts theatre, youth centre, as well as an expanded leisure centre.
• Assisted a large Eastern Canadian real estate company review its operations by developing a comprehensive computer model which compared operating results with industry data, and performed numerous “what-if” analysis by changing key input assumptions, like interest rates and amortization periods, lease-ups and operational costs. By using the financial model, management was able to address the concerns of its lenders by improving overall profitability.
• Lead Trustee responsible for restructuring a CDN $50 million Eastern Canadian real estate company pursuant to the provisions of the Bankruptcy and Insolvency Act

EDUCATION AND TRAINING

Bachelor of Commerce - Mount Allisoin Universy, Sackville NB - 1977

Chartered Accountant - Institute of Chartered Accountants - 1979

Chartered Insolvency and Restructuing Professional - Canadian Association of Restructuing Professionals - 1993

Trustee in Bankruptcy - Superintendent of Bankruptcy - 1994

PROFESSIONAL AFFILIATIONS

• Bankruptcy Branch – Consumer and Corporate Affairs
• New Brunswick Institute of Chartered Accountants
• Canadian Association of Insolvency Restructuring Professionals
• Canadian Institute of Chartered Accountants