Patrick Argenti 176 Main Street Southport, CT 06890 Phone: (914) 414-1000 Email: p.argenti@worldnet.att.net Leadership Insights and Corporate Objective Turnaround Leadership, Strategic Alliances, Innovative Retailing, Capital Formation, Import/Export Strategies, EBITDA-Driven Tactics, Team Building Dynamic go-getter with a talent for driving accelerated growth and maximizing profitability in today's marketplace. Exceptional skills in innovation, street savvy decision-making, creativity in merchandising, and identification of exploding market opportunities. Capable of achieving extraordinary turnaround performance and building a winning organization, whether for an existing company owner or through its purchase. Drove an organization from startup to $20 million in two years and over $110 million in ten years. In another organization, took EBITDA from $4 million to over $24 million in three years. Courageous business leader with excellent insights on how to make the right decisions, at the right time, and for all the right reasons. Professional Experience Silver Miracle, Inc. Bedford, NY Founder/CEO 1997 to present Developed and perfected the private label concept-passing along great products at great prices to customers who were interested in increased gross margin dollars through private label concepts. Leveraged a design studio and major ties with China to achieve significant gross margin markups. Built an import-export business for Miami Cruise Line Services (MCL). This had been strictly a retail operation that supplied the ships with all kinds of products, including apparel. Designed and merchandised the Glacier Gear and Cote d'Azur branded labels that are still available on 80 percent of the cruise line ships around the world. * Developed a "secret sauce" to turn Miami Cruise Line's business around and drive EBITDA to new levels. * Drove MCL's annual sales to achieve a 30-percent increase; maintained double-digit profitability. * Initiated efforts to negotiate the purchase of MCL, including producing a road show for investors and raising $120 million from the VC community. Patrick A, Inc. New York, NY Co-Founder/CEO 1992 to 1996 Pioneered the "vertical concept" by becoming the first New York manufacturer to align with a partner in China in order to be more competitive. Spearheaded product development, sales, and distribution while the Chinese partner handled bank financing, agency fees in Hong Kong, and a complete staff in China. Built this company from ground zero: hired 65 employees, built an exclusive design team, and developed a distribution facility. * Catapulted revenues from zero to $10 million in year one and ultimately to $70 million by year five. * Introduced an exclusive new fabric (30mm silk crepe sandwashed) woven in the outer cities of Shanghai that became the company's base cloth for silk pantsuits marketed by American retailers. * Negotiated $1 million signing bonus from the Chinese factory. * Profitably negotiated my 45 percent interest into a joint venture partnership. Argenti, Inc. New York, NY Co-Founder/CEO 1980 to 1991 Grew this startup company's revenues from zero to $20 million in two years. Attracted investor partners to fund the startup; bought out all partners by the end of the second year. Built successful alliances with Asian factories and sourced products all over Hong Kong and China. Introduced a unique new concept called "magical price points," selling high-quality silk dresses at competitive price points initially rather than waiting for a sale, giving the value to the consumer up front. This entailed negotiating a highly competitive cost price (landed duty paid) in exchange for keeping the factories busy 12 months out of the year. * Built company from ground zero to $120 million in sales, including $20 million in international sales. * Delivered a 600 percent return on investment and a 37 percent EBITDA to the original investors; maintained high profitability for all years of operation. * Established impeccable banking relationships with leaders and investors worldwide. Negotiated tens of millions of dollars in letters of credit. * Launched major advertising campaign featured in NY Times magazine, Harper's Bazaar, Vogue, and Glamour, making Argenti a recognizable branded label. * Placed products with more than 500 retailers in the U.S., Canada, Europe, and South America, including Saks Fifth Avenue, Lord & Taylor, Marshall Fields, Harrod's of London, Gallerie Lafayette in Paris, and Hudson Bay Stores in Vancouver Canada. Education * Fordham University, NYC, Business Management 1971-1973. Community Activities * Co-founder and board member of the Mt. Sinai Heart Research Foundation in 1986. Prolific fundraiser-the Foundation built a new state-of-the-art heart wing at the Annenberg Building at Mt. Sinai Hospital for Dr. Valentin Fuster and his staff. * Sponsored a program at Sloane Kettering Hospital that provided sick children and their families with vacations to Disney World; a different family went each month. For the children who were too ill to make the trip, VCRs were provided in those rooms so the families could watch Disney movies together. * Active participant in raising millions of dollar for Juvenile Diabetes from 1983 to 1991. * Received "Man of the Year" awards three years running for raising and donating large sums of money for immune diseases and the Aids Virus from Denver Jewish Hospital. * Honorary board member of and donator to Phoenix House, an adolescent drug rehab center. * Contributed to and raised money for many other causes such as the UJA Foundation, the Deaf Children's Foundation, and a $10,000 prize to a fireman who swam across the Hudson River to New Jersey-he donated his winnings to a Children's hospital in Westchester. Publications * New York Times magazine insert featuring Argenti's nationwide magazine ads. * Several Women's Wear Daily articles written about Argenti, Inc. and Pat Argenti.