ORSE & CO - Key Persons
Mr. Orse has been involved with early stage and financially distressed companies for over 15 years in the Northwest as a financial executive. He has been involved with early stage companies from concept to operations. In addition, he has worked with distressed companies working on behalf of shareholders and creditors selling off assets and restructuring entities to the benefit of the various stakeholders.
Since 1996, Mr. Orse has served as president of Orse & Co., Inc., a financial advisory firm. During his tenure with Orse & Co., Inc., Mr. Orse has provided financial advice to early stage technology and telecommunications companies and restructuring advice to companies in various stages of bankruptcy and receivership. Mr. Orse has provided counsel to clients including GlobalTel Resources, Inc., an international telecommunications company, eCharge Corporation, an online payment processing firm utilizing the telecom billing infrastructure, Bit Learning Inc. an online e-learning company and Metaplay, Inc., a mobile phone gaming company. In acting as Chief Financial Officer for these companies Mr. Orse has been instrumental in helping take these entities from concept to operations. During his engagements with each of these companies, Mr. Orse helped raise significant funding, was a member of the senior strategy team and built the accounting and finance departments.
Mr. Orse has provided financial assistance to Apex Learning, Inc., an elearning company, as the interim CFO as well as financial assistance to Varolii Corporation, a customer communications company, in helping guide them towards an Initial Public Offering.
In addition, with Orse & Co., Inc., Mr. Orse worked as the CFO/COO for the Trustee of Wade Cook Financial Corporation during the Chapter 11 bankruptcy of this publicly traded seminar/book publishing/real estate entity. This engagement involved shutting down operations, selling off businesses and assets, as well as managing the day-to-day operations of the various entities involved in the case. Mr. Orse worked with edge2net, Inc., an international telecommunications company with annual revenue of $150m and 13 international subsidiaries, as Interim Chief Financial Officer. Mr. Orse was also the officer in charge of the Chapter 11 bankruptcy phase including administering of the Chapter 11, closing of operations, selling off operating assets, liquidating fixed assets, and collecting of accounts receivable. Also, Mr. Orse worked with FreeInternet.com, an internet service provider, as Chief Financial Officer during the bankruptcy phase including filing of Chapter 11 and Chapter 7, selling off of operating assets, winding down of operations, and liquidating fixed assets.