Michael Dunn – Chairman and CEO
Mr. Dunn was named Chairman of the Board of Directors and Chief Executive Officer on October 24th, 2016. He previously served as Chairman and CEO from May 28, 2008 until April 17, 2015. He joined the Company, which was considered a turn-around project, to obtain major capital infusion and establish successful global product distribution partnerships. From 1995 through 2006, Mr. Dunn founded and ran 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, the owner of 86 auction houses 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 development, funding, and management of several public, as well as private, ventures in the retail, hotel, finance and gaming businesses.