Scale Finance Adds Clients & Staff

Scale Finance Growth Continues in Q1 – April 2011

Scale Finance LLC announces the hiring of 6 new professionals – Greg Fister and Cathy Hutchens in Charlotte, Steve Weiner, David Fouts, and Tanya Freeman in Raleigh, and Steve Rizzo in Wilmington. “We’re off to a super start in 2011 as the recovery begins to take hold,” said Gary Hayes, Managing Director in Raleigh. “We are seeing increasing referrals from CPA firms and commercial banks with small company clients in need of hands-on, on-the-ground, “embedded” financial management support. Bank-ready financial reporting, shrewd working capital management, intense scrutiny of cost, realistic forecasts, insightful performance analysis, and pristine control are more critical than ever, and our low-cost, fractional use solutions match up well for entrepreneurial companies.”

The firm’s expansion to Wilmington is under the leadership of Steve Rizzo. Steve joins Scale Finance as a CFO & Director. His background includes VP & Treasurer, Osmotica Pharmaceutical Corporation; Chief Financial Officer & VP, Endeavor Pharmaceuticals, Inc. where Steve helped raise $46 million in venture capital; and Controller & VP, aaiPharma, Inc.

Scale Finance added more than 20 new clients last quarter including Enveniam, WurkPath, Moss & Stone Gardens, AmCare Group, RE Salon & Medspa, FBIC Industries, BionCR Development, Winston Joseph, Terra Imaging, LotusBioEFX, Alpha Marketing, TROSA, AllPhase Exteriors, Yasoo Health, Taper International, mphoria, Keona Heath, TruPoint Partners, Brick Power Holdings, HyperBranch Medical, and NextLot, Inc.

About Scale Finance

Scale Finance LLC (scalefinance.local) provides professional CFO services, Controller solutions, and support in raising capital, or executing other transactions, to growth companies. The firm specializes in cost-effective financial reporting, budgeting and forecasting, implementing controls, other financial management, etc, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are fast-growing technology, healthcare, business services, consumer, and industrial companies that are at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Charlotte, the Triangle, the Triad, and Wilmington, a team of more than 25 professionals, and serves more than 85 companies throughout the region.