Representative Prior Engagements

Financial Assets Valuation of Domestic Sugar Cane Refinery
Dispute Resolution Panelist for American Arbitration Association
Intangible Assets Valuation
Equity Valuations
Trademark/Tradename Valuation
"Cheap-Stock" Valuation Applicable for Options
Valuation of Redeemable Preferred Shares

Financial Assets Valuation

Concerning a domestic sugar cane refinery. Analyses by Rubicon provided two consecutive annual valuations of Common and Preferred minority interests in the sugar refinery. Our recommendations were accepted by a public U.S. company and their public accountant as guidance for financial reporting purposes concerning the impairment of long-lived assets.

Dispute Resolution panelist for American Arbitration Association

William C. Dietrich served over a two year period as arbitrator within a three arbitrator panel concerning a dispute over breach of contract and fiduciary duty. Several hearings examined evidence and testimony asserting a variety of business damage claims by both claimant and respondent. This case was concluded with million-dollar awards and offset judgments.

Intangible Assets Valuation

Concerning a "network marketing" sales system of an S corporation. The intangible assets represented distributorship Agreements which are considered Contract-Based Assets. Analyses by Rubicon provided for the valuation of the Agreements, as part of a going concern, on a marketable control basis. Our recommendations assisted the S corporation and its legal counsel pertaining to a litigation settlement agreement.
Valuation of Intangible Assets comprised of Developed Technology assets and a Contract-Based asset acquired within a "short-form merger" of two public companies. The recommendations of these analyses by Rubicon were used to support the allocation of purchase price for tax and financial reporting purposes. These Intangible Assets were developed and owned by an e-commerce Internet company engaged in the design, development, and sale of enterprise application software and services.
Valuation of acquired In-Process Research and Development (IPR&D) technology and human resource intangibles of a "development stage" wireless communication concern. This company has been engaged in the design and development of an in-building wireless fiberoptic antenna system. Rubicon's recommendations assisted a private wireless communications systems manufacturer with the allocation of purchase price among the assets of the acquired company for tax and financial reporting purposes.

Equity Valuations

Company that operates two supermarkets in the Sacramento metropolitan area. Rubicon's recommendation was used to establish the value of a minority interest for estate tax reporting requirements.
Wireless amplifier manufacturer for merger and acquisition purposes. This company sells its products primarily to the wireless segment of the telecommunications equipment industry. Rubicon provided a valuation analysis on a control interest basis for the potential buyer, a private wireless communications systems manufacturer.
Product development consulting firm for purposes of dispute resolution purposes concerning a minority buy-out transaction. This company provides services in the areas of industrial design and mechanical engineering, selling its services to companies in the telecommunications, consumer electronics, and medical device industries. Rubicon identified the appropriate premise and range of value at which company principals may begin negotiations for this transaction. In this case Rubicon was engaged solely, instead of the typical alternative of utilizing three appraisers.
Local ship repair company. This company engages in the repair and maintenance of marine vessels in the San Francisco Bay Area, selling its services primarily to the U.S. Government, commercial shipping and transportation operators, and private boat owners. Rubicon identified a range of values to assist company management in providing stock options for key personnel.
Equity valuations of a leveraged Sub-S Corp ESOP for a materials analysis laboratory serving the semiconductor industry. Rubicon had provided a preliminary range of values and the initial valuation in 1998 for the leveraged acquisition by the ESOP of common stock from major shareholders. In 1999 we valued this company at its plan year-end with consideration for the tax benefits contributed by the ESOP. Shortly thereafter this company signed a letter of intent to be acquired and Rubicon provided an opinion of "adequate consideration" to the ESOP trustee.
Equity valuation of an e-commerce start-up for a public computer supplies distribution company. This public company gave stock to key founders of this start-up and required a valuation to address compensation issues. This start-up had no products or clients at the Valuation Date, and was appraised by Rubicon based on its business plan and on an option pricing analysis of comparable start-ups in their pre-IPO stages of development.

Trademark/Tradename Valuation

Valuation of Canada's largest brand name computer supply and accessory wholesaler. Additional valuation consulting by Rubicon provided a recommendation to assist in the allocation of acquired Goodwill between this company's two divisions. These analyses were prepared for a public U.S. company for financial and tax reporting purposes concerning intangible asset allocations as a result of the sale of one of the divisions. The applicable valuation date was as of the 1998 acquisition by the public company of the holding company of the two divisions.

“Cheap-Stock” Valuation Applicable for Options

Internet company engaged in the design, development, and sale of enterprise application software and services providing creation and support of large-scale e-commerce platforms on an outsourced basis. This application service provider (ASP) sells its services to companies involved in business-to-business and business-to-consumer transactions over the Internet. The SEC accepted Rubicon's report without question when this company filed for an initial public offering.
Issued at year-end 1998, for an Internet software application company. The SEC accepted Rubicon's report without question when this company filed for an initial public offering.

Valuation of Redeemable Preferred Shares

Valuation for a computational software company's dispute resolution process. As the final of three appraisers engaged, Rubicon identified a redemption value for preferred stock based on the equity value of this company in conjunction with agreements allocating liquidation and preference values to the preferred shares.

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