BOARD MEMBER (MICHAEL R DUNN) 63
Mr. Dunn is currently serving as the Chairman and CEO of Global Future City Holding, Inc, a fully reporting public company (FTCY). Since mid- 2008 Mr. Dunn has mitigated over $6 million in debt, provided over $3 million in financing, and developed three new energy shot products with assistance of personal physician contacts as well as designed the prototype of an erectile dysfunction shot.
In the mid-1995 through 2006, Mr. Dunn started a company that generated a $60 million auto portfolio which later sold the paper to a subsidiary of General Motors. Mr. Dunn interfaced with the top CEO’s of automotive companies including Harold Poling, the former CEO and Chairman of Ford Motor Company, Bob Eaton, the former Chairman and CEO of Daimler Chrysler, Woody Morcott, Retired Chairman and CEO of Dana Corporation, Steven L Miller, former Chairman President and CEO of Shell Oil Company, as well as several other top automotive executives securing approximately $22.2 million in equity financing for the Company, plus an additional $20.8 million and $1.9 million in debt and lease financing, respectively. Mr. Dunn worked closely with Mr. Poling, who was the largest investor and shareholder, to manage strategic partnerships with large corporate partners and lenders such as J.P. Morgan Chase, Wachovia, Bank of America, Manheim, Allstate, Warrantech, as well as many other banks and strategic partners for funding loans for auto dealers. Mr. Dunn worked closely with Mr. Poling to successfully create, brand, develop and deploy a revolutionary auto-financing program for independent dealers, including signing a contract with Manheim, who is the owner of 86 auctions in the US (subsidiary Cox Enterprises), and floors over 17,000 independent dealers.
In 1992 to the end of the first quarter of 1995, Mr. Dunn, worked with investment bankers to raise the necessary funds to purchase Mountaineer Park in West Virginia. The park was one of the first racing facilities to pass gaming legislation for the expansion of video lottery and he was the major activist in receiving approval through the vote of the residents of Hancock County, West Virginia to expand gaming in a Bible Belt State. He coordinated the design and implementation of a $10 million renovation of the racetrack and put into service over 700 new video lottery machines. Mr. Dunn created large special events that drew over 10,000 people which dramatically enhanced the gaming handle for racetrack wagering, simulcast wagering and video lottery. Additionally, he negotiated with ESPN for nationally televised fights at the renovated facility. The park had over 450 employees and while Mr. Dunn was Chairman and CEO of the public company, he was instrumental in raising investor capital of approximately $17 million, plus an additional $17 million in construction loan and equipment lease financing.
Mr. Dunn has over 30 years of experience in developing, funding, and managing, of several public as well as private ventures in the retail, hotel, finance and gaming businesses.
Consultant (Safa Movassaghi) 52
Inventor of the Company’s proprietary technology, Safa Movassaghi has spent nearly 25 years in information technology and services, as well as data center management and cloud computing, beginning his career as a service engineer with Toshiba in the 1980s. Since 1993, Mr. Movassaghi has provided clients, some Fortune 1000, with comprehensive and sophisticated packages of IT architecture and configuration, thereby reducing clients’ costs and increasing their productivity.
It was through this work and years of feedback from clients, that Cloud Security was born. Prior to founding Cloud Security Corporation, Mr. Movassaghi operated Advanced Green Technologies, Inc. (“AGT”), an IT managed services provider, utilizing the latest, cost-effective technological solutions. Previous to AGT, he served as Chief Technology Officer for Capital Pacific Holdings, a $1 Billion+ real estate developer, where, in leading a team of 10 employees, he successfully managed the growth of the company to over 300 employees in 70 locations. Mr. Movassaghi received his B.S. in Electrical Engineering from California State University, Fresno in 1987.
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