vcfo takes Evolve to the next level with strategic financial consulting

Professional services firm taps experienced executive for Managing Director role

Denver, Colo. – May 18, 2009 – Evolve, a manufacturer of custom-designed apparel and merchandise, found a smart path to financial success.  Eighteen months ago the firm selected vcfo to provide strategic finance and operational accounting support.  vcfo Consulting CFO Carter Freeman was engaged to assist the company with financial modeling, negotiating the buy-out of an owner and recapitalizing the company.

Evolve founder and CEO Joel Wochner heard about vcfo from other CEOs in his Vistage CEO leadership group.  “At the time our company was still in its early stages and the financials were not in the best shape”, said Wochner.  “I was told that vcfo could help, and it was the beginning of an important relationship that lasted for more than a year”.

vcfo immediately went to work creating forward-looking projections, updated the financial models, and implemented more robust reporting, all of which allowed the Evolve management team to monitor and adjust the company’s performance.  In another key move, vcfo helped the CEO structure a deal to buy out an equity partner and helped the company establish a new banking relationship with a more substantial line of credit.

“I’m pleased to be a part of vcfo,” says Kirske. “The firm has a nationally recognized reputation and a market-leading presence in Seattle.  vcfo’s track record of assisting companies reach their strategic goals is a perfect fit for my background and experience”.

Wochner praised the strategic advice he received; “vcfo and Carter were a perfect fit for what my business needed at that time.  Without their help in laying the foundation and groundwork, we would have faced much more uncertainty in 2008”.

About vcfo

vcfo is a professional services firm that offers a customized team model to assist companies with finance, accounting, recruiting and human resources needs.  vcfo uses a custom approach to create an optimal, flexible team of highly trained vcfo employees to address your particular requirements. Not only do you get the right level of resource, but you pay only for the time you need it.

As trusted advisors to the CEO and management team, vcfo team members across the country use our original platform, industry best practices and proven methodologies to help solve the most complex operational business issues. By tapping into the collective experience and expertise of more than 100 highly skilled finance, recruiting, and human resources professionals, vcfo is uniquely qualified to help clients make better decisions to grow their businesses. vcfo is based in Austin, Texas with regional offices in Dallas, Denver and Seattle.

About Evolve

Evolve is creating a revolution in the relatively unchanged 75+ year-old uniform industry. Evolve understands company apparel is more than a uniform.  It’s a part of your brand. Evolve can extend your brand and culture through custom designed and produced uniform and merchandising solutions. Evolve is based in Denver, CO with offices in Chicago and China. To learn more about Evolve, please visit www.evolveprograms.com.

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Media Contact:
Thom Singer
512.450.6558
tsinger@vcfo.com
www.vcfo.com