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| Employease, Inc. |
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Provides leading on-demand HR and benefit administration solutions (NYSE: ADP).
Phil Fauver, President & CEO of Employease, writes "Scott Miller was a particularly helpful investment partner for Employease. The company benefitted from his experience and contacts in the human resource software and business process outsourcing markets when it was developing its BPO service offering. Specifically, Scott helped us avoid a very capital intensive approach to the market and helped us formulate a high return on capital BPO stratgey that ended up being an important, fast growing segment of our business.
"Scott and Rad are independent thinkers and bring a long term orientation to company building. Employease found then to be very accessible and decisive. We benefited greatly from their insight, and I highly recommend them as partners."
www.employease.com |
| 360Commerce, Inc. |
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Provides point of sale, inventory, returns, and workforce management solutions for multi-channel retailers (NASDAQ: ORCL).
Charley Boyd, President & CEO of 360Commerce, states "Scott Miller encouraged management and the other institutional shareholders to start the process of achieving shareholder liquidity at a time when it was not clear to everyone at the table at what rate the retail technology industry would consolidate. The timing and persuasiveness of his efforts were important in the process of 360Commerce achieving its goals at time of exit. We highly recommend the Lovett Miller team as supportive partners. They helped guide the company, including presenting industry-leading candidates as potential outside board of directors members. Some of these candidates were also used as independent advisors on business and technology strategy."
Jerry Rightmer, Chief Technology Officer, states "Lovett Miller's strong network of retail and technology contacts were very beneficial to 360Commerce. For example, the firm's relationship with the CIO and Vice President of Technology at The Home Depot enabled Lovett Miller to quickly get up to speed in the initial due diligence process and validate the value of our store solutions. This helped our initial closing take place efficiently."
www.360commerce.com | |
| Centennial Healthcare Corporation |
Provides a broad range of long-term health care services to meet the medical needs of elderly and post-acute patients (NASDAQ: CTEN).
Steve A. Eaton, CEO of Centennial Healthcare Corporation, states "Mr. Miller served as a Director of our company during our most significant growth phase: revenues increased from approximately $6 million to over $350 million. His meaningful contribution helped us focus on maximizing shareholder value, which increased approximately five-fold while he was a Director. Mr. Miller made the initial introductions to two of the significant acquisitions we have made. We found him particularly helpful in the process of evaluating strategic options and completing our Initial Public Offering with Alex Brown & Sons and Morgan Stanley Dean Witter. When the company was faced with an offer to go private, we asked Mr. Miller to join a special committee of the Board to represent the best interests of the shareholders in the transaction. This factor clearly demonstrates our confidence in his independent decision-making ability." |
| Go Software, Inc. |
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Go Software's is a leading developer of products (PC-Charge) which enable businesses to process Credit Cards, ATM/Debit Cards and Check Guarantee Services on their PCs.
Joe Gage, President & CEO of Go Software, states "The Lovett Miller & Co. partners have been instrumental in helping our company grow its management infrastructure in anticipation of our rapid growth and providing a sounding board for strategic planning." Bill Pittman, Founder & Chief Technology Officer, commented that "They were particularly helpful in identifying, interviewing, and helping sell a CEO candidate on the opportunity at GO Software. This help was very important given our location outside of a major metropolitan area. Mr. Miller and Mr. Lovett are available for advice whenever we need them. They serve as value-added members of our Board of Directors."
www.gosoftinc.com |
| K&G Men's Center, Inc. |
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Superstore retailer of men's clothing and accessories (NASDAQ: MENS).
Steve Greenspan, CEO of K&G Men's Center, states "Mr. Miller and Mr. Lovett have been terrific members of our shareholder group since 1995. Mr. Miller’s firm at the time provided $6.5 million in capital for shareholder liquidity at K&G. Mr. Miller was always a value-added member of our Board of Directors. He was particularly helpful in the Initial Public Offering process which was underwritten by J.C. Bradford & Co., and the Robinson-Humphrey Company, Inc. and was successfully completed on January 23, 1996. My confidence in Mr. Miller’s abilities is such that I have invested in entities where he has served as general partner. Even though Mr. Miller’s other commitments necessitated that he give up his seat on our Board, we continue to maintain our relationship."
www.kgmens.com |
| Southeast Healthplan, Inc. |
A Health Maintenance Organization (HMO).
George Salem, CEO of Southeast Healthplan, states "Mr. Miller served as a Director of our company and as a member of our Executive Committee from the time we purchased the business in a management buyout until its sale to a strategic buyer 15 months later. Shareholder value increased 370% during that period. I found Mr. Miller’s strategies regarding maximizing shareholder value particularly helpful, and his orientation towards making sure the desires of management are included in that process were above what one might anticipate from financial partners. Mr. Miller and I have continued to maintain our relationship subsequent to our sale of the company." |
| TowerCom Development, LP |
A developer of wireless communications infrastructure.
Ms. Carrie Kirk, Managing Director of TowerCom Development, states "Mr. Lovett was principally responsible for the development of the business plan and recruiting the management team for TowerCom Development. Mr. Lovett’s prior success in TowerCom Limited and his understanding of the dynamics of the wireless telecommunications industry made him a particularly attractive partner to join in this venture. As the Chairman and CEO, he provided both the leadership and autonomy for the management team to implement our business plan."
"Mr. Lovett's industry prowess and direct involvement has proven extremely beneficial during the process of selling certain assets of the company. His contribution assisted us in attaining a high multiple on our capital and over a 100% annualized IRR. Mr. Lovett's ability to recreate success and maximize shareholder value, while serving as CEO of the company, has provided for an impressive track record. Mr. Lovett's first venture into the tower business returned nine times invested capital with over 100% compounded annual rate of return." |
| United Dental Care, Inc. |
Provides prepaid dental plans for businesses (Ex-NASDAQ: UDCI).
Jim Kingston, former CEO of United Dental Care, Inc. states " I have known Scott Miller now for more than 8 years. In my business career, I came to know and work with a number of venture capital firms, as well as the individuals who worked with those firms. I can unequivocally state that Scott was one of the top venture capitalists that I worked with; that he proved to be an effective, involved and useful Director on the Board of United Dental Care, Inc.; and that he was able to provide useful suggestions regarding various aquisitions which we pursued, as well as how best to undertake our IPO (underwritten by Alex Brown, Cowen & Co.). If I were to start another business, I would not hesitate to try to convince Scott to be an investor and Director.
At present, as an investor, I try to invest in people who I feel I can trust and who I know will diligently pursue their business in an always moral and ethical manner. Based on my experience with Scott, I know him to be of solid character and of the highest integrity. When the opportunity presented itself, I did not hesitate to invest in Lovett Miller, as I am convinced that any endeavor that Scott is involved with will prove to be a success.
Many venture capital firms will state that they are "value-added" investors. In my experience, most venture capital firms are not if by "value-added" they mean that the organization is better off with their involvement, not just their investment. I believe that United Dental Care definitely benefited from Scott's involvement, which I cannot say about some of our other investors. For example, when I would take Scott to a baseball game, invariably, he would buy the hot dogs and sodas!
I cannot recommend Scott Miller and Lovett Miller too highly. If you would like any additional information, please do not hesitate to contact me. |
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