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Testimonial - Breed Technologies

Nov 15, 2008

I have known Frank Gnisci for over ten years. Frank was my boss at an Class A automative manufacturing company in Lakeland, Florida during a major restructuring of the company and after an acquisition that doubled the size of the business.

During my time working for Frank, he showed great leadership skills in directing the consolidation of thirty production facilities and securing $700 million of both debt and equity financing. The transaction was particularly complex because it included a substantial financial penalty for missing the agreed to closing date.

Frank's management skills were tested under some very stressful conditions, which required supervision of multiple internal and external priorities. These activities included numerous road shows, Board of Director presentations, employee staff meetings, working with the banks, investors and the major rating agencies, consolidationg production facilities and standardizing financial reporting systems.

Frank has a brilliant financial mind and he is a savvy and ethical business person. Please feel free to give me a call at 757-490-1111, if you would like additional information.

Fred W. Kirshbaum - Chief Financial Officer  - Checketred Flag

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About the Author

Frank has over 25 years of financial, operating and administrative experience in a variety of industries including healthcare, business-to-business services, manufacturing and distribution. Revenues ranged from $1 million to over $800 million and included both domestic and international companies. Frank considers himself a business man first and a professional accountant second. Frank was the CFO and a participating owner of a start-up healthcare company. The company was successfully sold to a major U.S. health insurance carrier after nine years of consistent and profitable growth. Subsequent to the closing, Frank continued to work with the purchaser's staff to integrate the business into the buyer's operations.

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