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Mr. Grundman has more than 25 years of executive managerial,
financial advisory and financing experience across a wide
variety of industries. Mr. Grundman worked for JP Morgan
Chase Securities and its predecessor banks for 12 years,
first structuring debt and equity transactions for leveraged
buyouts and then as a Managing Director in the
Global Oil and Gas group. He joined PNC Bank, NA in 1996 as a Senior
Vice President to lead an Energy Corporate Finance business where he
was responsible for merger and acquisition advisory and financing
transactions. 
In May, 1999 he joined Key Energy Services, Inc. as Senior Vice
President, Corporate Development to assist with its
financial restructuring and turnaround. Thereafter he was promoted
to Executive Vice President of International Operations
and CFO. After leading the successful $400 million recapitalization
effort, he began his own advisory and investment business in May
2002. Since 2002, Mr. Grundman has invested in, and/or actively
managed several incubation stage businesses in the
technology and other industries and provided consulting
service for other clients.
Mr. Grundman serves as the President of the "Washington
Crossing 2026" organization and on other community boards.
He received his BS in Finance at Syracuse University and has
completed executive management courses conducted by Harvard
Business School and Carnegie Mellon University.
Adam C. Kassab
Chief Financial Officer and Legal Counsel
Mr. Kassab joined American Broadband in early 2006 bringing nearly
20 years of extensive financial management experience. Adam came to
American Broadband from the PNC Financial Services Group where he
was a Vice President and held the positions of Functional Controller
of the
Private Bank and Controller of the Branch Network. There he was
responsible for the valuation, assessment, and financial management
of a $137 billion portfolio of assets under
management/administration comprised of bonds, stocks, real estate
holdings and other assets held in trust; He
also played an advisory role in evaluating, structuring and
financing complex individual business transactions for institutional
and high net-worth personal clients. He
was also responsible for the
accounting, analysis, budgeting, forecasting and regulatory
reporting related to a $630 million
annual revenue stream. Adam also managed the expense base for the
branch network comprised of 700+ locations.
Prior to PNC, Adam was with Mellon Financial Corporation for eight
years as Vice President and Controller in the Cash Management and
Technology Support Services Division. There he was responsible for
$150 million of operating cash and the determination of adequate
cash levels for business sustenance as mandated by the Fed while
optimizing the cost of funds
for the corporation. He also was
responsible for control, analysis and management of the technology
procurement and maintenance expenses for a delivery network
comprised of 300+ branch locations and 600+ ATM machines. Adam was
involved in all aspects of financial management including
development of policies and procedures, annual budgeting, monthly
forecasting, modeling and analysis, financial reporting and audits.
Adam also worked at Textron Financial Corporation as a Financial
Analyst supporting the CFO and subsequently as a Portfolio Manager
within their
Real Estate Finance Division. As an analyst, he was responsible for
the compilation of the budget, forecast, strategic plan and other
analyses in
support of the treasury function. As a portfolio manager, he had
day-to-day handling and oversight responsibilities for the
administrative functions related to a large-ticket commercial
real-estate loan portfolio which included accounting, reporting,
customer service, collections, feasibility studies,
and disposition of properties acquired as a result of foreclosures.
Adam is an Attorney at Law and a member of the Bar of the Supreme
Court of Pennsylvania and also a member of the Bar of the Federal
District
Court of Western PA. Adam is also a Certified Management Accountant
and a member of the Institute of Certified Management Accountants.
He graduated from Bryant University in Rhode Island with a BS in
Business Administration majoring in Information Systems. He also has
a PBC in Accountancy from Robert Morris University and has been
awarded a Doctor of Jurisprudence degree from Duquesne University
where he was a
member of Law Review.
Richard Ellsworth
Chief Operating Officer
Prior to joining American Broadband, Rich Ellsworth most recently
served as the president of Stahls. Hotronix, a manufacturer
of
equipment and garment decorator for the imprinted sportswear
industry (ISI) and Imprintables Warehouse, a value added reseller of
products and equipment
unique to the (ISI). During his 16 year
tenure, Rich had full P&L responsibility and
managed all aspects of
the company's multi-million dollar businesses including: sales,
marketing, finance, IT, product design, engineering, manufacturing
and customer service. Under his leadership the company grew from a 7
person operation to a 200 person workforce and serviced the highest
profile customers in its industry including, Nike,
Reebok, USA
Networks, The Home Shopping Network, Global Sports, the NBA, NHL,
NFL and Major league Baseball. Additionally, the divisions
under his
stay
were awarded numerous design achievement awards, became the
leading manufacturer of heat seal equipment in the world and
achieved the
highest customer satisfaction ratings in the company.s
history. He was also instrumental in the creation of two new
divisions within the Stahls.
group of companies that grew to hold
dominant positions within the ISI market.
Rich obtained a Bachelor of Arts degree from Point Park University
in Pittsburgh, PA and has also graduated from the
Industrial
Administration and Entrepreneurial Management programs of Carnegie
Mellon University. He is a current member of the Executive Board of
Directors for the Fay-Penn Economic Development Council of
Pennsylvania.
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