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Edgardo Vargas, CPA 1205 Falls Boulevard Weston, FL 33327 954-592-5707 ev5e4b1c@westpost.

net EXECUTIVE PROFILE * Strategic Leadership * International Finance Management * Cost Control Award winning global finance and accounting executive with well rounded experience in several industries, including retail sales, telecommunications, banking, and food and beverage. Seven years of experience in public accounting, including external auditing and business consulting, supported by over twelve years of industry experience. Management experience includes direct responsibility over accounting functions, strategic investments review and business mergers and acquisitions. Strong business strategic thinker has created growth opportunities through his roles as Business Consultant and Finance Executive. An experienced leader that commands respect and trust from peers and employees. Always focused on results and maximizing revenues through market pricing strategies and streamlined business processes. Key strengths include: * Corporate Tax, GAAP, FCC and SEC reporting * Operational restructuring * Latin America and US Domestic expertise * Sales reporting and collections * Development and implementation of accounting procedures and controls * Trilingual - English, Spanish & Portuguese * Budgeting (start up and ongoing operations) * Cash flow analysis * Financial analysis and forecasting * Evaluation of financial options and fund raising * Leadership to build strong teams PROFESSIONAL EXPERIENCE Western Union, Sunrise, FL 2008 - 2010 Leader in cross border money transfer and a $5 billion Fortune 500 company with 400,000 locations worldwide. Finance Director In charge of financial reporting and planning for a WU brand region representing $200 million in annual revenues, and 2 sister brands representing another $180 million in annual revenues. * Led a multi functional team on day to day responsibility for consumer pricing and currency FX management for a business of over $4.5 billion in annual currency transfers, including cash position forecasting, payer management and profitability alignment among a corridor portfolio. * Co-led with the GM the Vigo brand turn-around and expansion in

Europe in 2009 (Spain) by designing sales and business development programs targeted to acquire and retain volumes in a strong competitive landscape resulting in double digit growth in 2010 after significant revenue drop in 2008 and 1st part of 2009. * Implemented organizational and operational changes that led to over US$4 million in annual savings in 2009. Additional changes in 2010 added another US$4 million in annual savings. * Developed and rolled out to the field organization, a new pricing policy and procedure that provided the company with better control while remaining adaptable to market changes. * Awarded with one Annual Excellence Award for the turnaround of a major Caribbean market and 3 Quarterly Excellence Awards for an initiative that allowed the field to better control price alignments to market and to react timely to a new statutory law resulting in a >5% revenue increase. YUM! Restaurants International, Deerfield, FL 2004 - 2008 Fortune 500 company and parent company for KFC, Pizza Hut and Taco Bell restaurants with over $10 billion in annual sales and 49,000 employees worldwide. Controller In charge of planning and corporate reporting for a region covering more than 40 countries, 1200+ company brand stores, and over $120 million in royalty and sales revenue. Responsibility included sales analysis and royalty collection for over 65 franchisees throughout the region. * Designed and rolled out a new in-house developed WEB based tool to facilitate data collection from franchisees that was later adopted globally by the Company as the best practice solution to speed up collections, and reduce labor costs while minimizing human error in data entry. * Managed a team of outsource accountants in satellite offices in Brazil and Chile that supported local operations while ensuring compliance with statutory laws and regulations. * Responsible for planning, budgeting and control of a $20 million expense budget, consistently ensuring the company met or exceeded its targets and corporate guidelines. * Developed operational budgets and cash forecasts for the region that allowed for payment of commitments while minimizing currency and tax exposure for the Company. * Recognized each year with the Gold Standard Award for timely and accuracy in reporting. U.S. RealTel,Inc. / Cypress Communications, Inc, Atlanta, GA 2001 - 2004 Leading provider of hosted and managed communications providing services to customers in 38 U.S. states and over $120 million in revenues. SVP & Corporate Controller Co-led the development and execution of a business plan that resulted in 3 major business acquisitions and subsequent consolidation under a single corporation. M&A activities included fund raising, negotiations, pre-and post-merger coordination, and the integration of operational, financial and accounting functions. Liaisoned with external auditors in the U.S., Brazil and Argentina, wiht responsibility for corporate accounting and tax, FCC and SEC reporting.

* Led over 36 employees within accounting and other finance support functions responsible for the monthly billing and collections for over 8,000 customers in 38 US markets. * Implemented new accounting system, procedures and controls resulting in accurate and timely reporting for decision making while saving over $120 thousand a year in software licenses. * Managed bank relations that lead to $17 million in bridge financing and a $10 million operational financing facility; ensured compliance with loan covenants. * Developed bank relationships to manage over $10 million in funding in the U.S. and Latin America. * Coordinated collection efforts that reduced outstanding AR by 50%. FirstMark Communications Latin America, LLC., Fort Lauderdale, FL 2000 - 2001 $1.5 billion dollar telecommunications company with operations in Europe. Director of Finance & Corporate Controller Developed operational budgets and cash forecasts and implemented accounting procedures controls, as well as reporting structure, for all subsidiaries during expansion into Latin-America. After almost two years, the Company decided to close its operations in LA and focus in Europe. * Secured vendor and bank financing facilities for US$50 million. * Managed cash requirements for start up operations in Brazil, Chile and Colombia accurately planning the business needs and managing banking relationships throughout the region. * Provided finance support to the General Manager in fund raising activities including road shows and presentations which led to proposals for over US$40 million in capital. Panam Wireless, Inc., Guaynabo, PR 1997 - 2000 A $50 million dollar telecommunications company (paging, cellular and Internet). Resource Director & Controller Responsible for accounting controls over a retail network of over 200 points of sale including company owned stores, dealers and resellers. Responsible for the development and control of the operational budget; presented results to top management and the board of directors. Also responsible for the Human Resources function for this 250 employee company. * Implemented organizational and operational changes that led to over US$8 million in annual savings company wide including the relocation of a call center overseas. * Integrated a workforce, post merger, to create a unified finance department from 2 different and distinct cultures by applying change integration techniques resulting in a strong and committed team. * Managed a syndicated financing facility of US$47 million ensuring covenant compliance. * Led start up operations in Brazil including securing of a telecom operator license, building a support call center, negotiating terms with local vendors and setting up a back office. Subsequently supported the corporate decision to sell the operations to the local partner.

PriceWaterhouse Coopers, Hato Rey, PR 1994 - 1997 Multinational accounting and consulting firm. Manager Manager-in-Charge of the Change Integration practice. * Led improvement teams in multiple organizations including government and private corporations resulting in savings, added controls and efficiencies for the clients. * Provided litigation support services, as researcher, in multi-million dollar cases involving calculation of damages and loss of profit in a breach of contract and distribution rights. * Evaluated and successfully implemented several accounting packages for mid-size retail, distribution and manufacturing companies. * First employee granted with two Local and one National Excellence Award in the local office, for excellence in customer service and efficient project management. Diego Chevere & Co., Guaynabo, PR 1990 - 1993 Consultant Joined this local CPA firm as an auditor, and in two years advanced to the consulting division. * Performed operational and financial reviews for companies in a variety of industries. * In charge of audits for medium size retail, manufacturing and distribution companies. EDUCATION AND TRAINING Certified Public Accountant B.A., Business Administration, Major in Accounting Sacred Heart University, Santurce, Puerto Rico Training workshops and seminars on process improvement, information technologies, telecom, people and project management, business analysis, and human resources. AFFILIATIONS American Institute of Certified Public Accountants Florida and PR CPA Chapters