RICHARD N. McCOMBS
2000 Bayhills Drive Office 510-478-1904
San Rafael, California 94903
Cell 415-497-8509

3 Bryanston Square
London, UK W1H 2DH
rmccombs@mbapolymers.com

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PROFILE
More than 35 years of challenging, senior-level management experience in manufacturing and agribusiness. Expertise includes international business startups, operations, financial and administrative management, and turnarounds. Significant hands-on experience building businesses while living in Vietnam, China and UK.

• Managed start-ups and mature businesses with high debt-to-equity financial structures. Utilized joint ventures with local partners in foreign countries. Extensive experience managing joint ventures with foreign partners including China and Vietnamese State-Owned Enterprises.
• Negotiated and achieved major financial credit lines with banks and financial organizations domestically and globally while establishing JV's and while CFO of a public company.
• Identified and implemented strategic changes for improved profitability. Completed successful turnaround in competitive wine industry.

SUMMARY OF EXPERIENCE

MBA POLYMERS, INC., RICHMOND, CA	1999-Present
Vice Chairman of the Board of Directors	2012-present
CEO	2007-2011
President and Chief Financial Officer	1999-2007

Increasingly responsible for all production, sales and financial activities of a clean-tech plastic recycling manufacturing start-up utilizing unique and revolutionary green technology.

• Negotiated Joint venture Agreement in China in 2004 for MBA's first commercial scale plant with a State Owned Enterprise. MBA owns 55% and responsible for all management functions. Lived in China for initial formation of JV; supervised construction and start up of the plant
• Oversaw the negotiation, construction and start up of MBA second plant in Austria which started in 2006
• Negotiated Joint Venture and oversaw the construction of MBA's largest facility in UK processing scrap plastic from automobiles, which opened in 2011
• Identified sources and negotiated $6 million Series A Preferred Stock investment in Company.
• Negotiated $6 million Series B Preferred Stock with Fortune 100 strategic investor
• Negotiated $4 million Series C Preferred Stock with Fortune 50 strategic investor
• Negotiated $15 million Series D Preferred Stock with international investor based in Hong Kong
• Negotiated $22 million Series E Preferred Stock with EU Venture Capital investors
• Negotiated $40 million Series F Preferred Stock with US Venture Capital investors
• Negotiated $40 million Series G Preferred Stock with international VC's and private equity investors
• Implemented commercial production process, controls, and hired entire management team
• Managed all aspects (liability claims, insurance, OSHA, etc.) of the recovery of company from major fire destroying 50% of production facility.
• Negotiated major contracts with Chinese contract manufacturing companies for utilizing MBA's recycled plastic
• Developed MBA's largest customer relationship with major electronics OEM.

ERLY INDUSTRIES INC. AND SUBSIDIARIES
1986 - 1998
American Rice-Vinafood Co. (55% owned by American Rice), Can Tho, Vietnam
Managing Director
1995 - 1998
Negotiated, developed and managed a joint venture for processing and exporting rice. Major accomplishments while living in Vietnam for three years:

• Established first foreign investment in Vietnamese rice industry and one of the first US businesses in Vietnam since the U.S. trade embargo was lifted.
• Obtained $15M credit line with no guarantee from the parent company.
• Managed 250 salaried and 700 part-time employees.
• Developed and implemented western production, quality control, and accounting systems.
• Increased sales to $45M and shipped 145,000 metric tons of rice by third year.

American Rice, Inc. (ARI) (81% owned by ERLY Industries), Houston, TX
Chief Financial Officer
1993 - 1998
Responsible for all financial and administrative activities of $500M publicly held international rice processing and marketing company including banking relationships, cash management, accounting, data processing, and human resources.

• Achieved $113M short and long term financing required for acquisition of 81% of ARI by Comet Rice (100% owned by ERLY Industries) in 1993. Merger and financial structure provided a base for an 80% increase in sales of merged companies from $285M in FY'94 to $516M in FY'97. Earnings before interest and depreciation increased 50% from $20M to $30M during same time period.
• Designed detailed monthly, weekly and daily cash flow forecasting models.
• Improved budgeting process for rational allocation of variable and fixed costs.
• Integrated financial, data processing and administrative staff after merger of ARI and Comet Rice. Developed and motivated management team for accurate and on-time reporting at decentralized domestic and international reporting units.
• Participated in road show for $100M public bond placement.

ERLY Industries Inc. (Corporate Office), Los Angeles, CA
Chief Financial Officer
1990 - 1998
Responsible for financial activities of a $600M publicly held agribusiness company including banking relationships, SEC reporting, accounting, and investor relationships.

• Reduced long term debt from $100M to $50M within first three years.
• Organized five-member team to persuade almost 1,000 bondholders (private individuals and funds) to roll over $10M of ERLY bonds for an additional 10 years.
• Supervised appeal of IRS claim for past taxes reducing obligation from $12M to less than $1M.
• Led a proxy defense to maintain control of Board of Directors.

The Beverage Source, Inc. (100% owned by ERLY Industries-originally ISC Wines of California), Los Angeles, CA
President and CEO
1990 - 1993
Responsible for liquidating wine company while performing CFO role for ERLY.

• Created alternative uses for under-utilized wineries by converting to fruit processing.
• Developed and implemented environmental remediation programs prior to sale of two wineries.

Executive Vice President 1986 - 1990

• Managed relocation of four-million case bottling operation.
• Led team to select and implement new data processing systems.
• Negotiated concessions for 30% wage reduction with three unions.

ISC WINES OF CALIFORNIA, INC., San Francisco, CA
1983 - 1986

President and CEO
1984 - 1986
Selected by Board of Directors to re-engineer business plan and reduce costs after initial business plan failed. Total responsibility for managing third largest winery in California selling wine under various national brand names (Italian Swiss Colony, Petri, and Jacques Bonet).

• Reduced SG&A by $3M, rationalized product lines, and reduced losses by $4M.
• Decreased bank debt by $13M.
• Redirected company strategy from economy wines to premium wines.
• Negotiated sale of company to ERLY Industries.

Chief Financial Officer
1983 - 1984
Responsible for banking relationships, financial activities, and data processing functions.

• Negotiated initial $30M financing for purchase of business.

DELOITTE & TOUCHE CONSULTING, San Francisco, CA
1979 - 1983
Manager Performed strategic and functional consulting for Big Six accounting firm. Clients included Del Monte, American Rice, Bank of America, AT&T, and TriValley Growers.

EDUCATION

• Stanford University, Graduate School of Business, Stanford, CA MBA, Finance, 1979
• Amherst College, Amherst, MA BA, Economics, 1969

Teaching: I have taught classes at U. of Singapore Graduate School of Business and INSEAD