Synergy Enterprises Completes Advisory Project for Consumer Products Company

-Restructuring Returns $200 Million Company to Profitability-

FORT LAUDERDALE, FL — FALL 2013 – Synergy Enterprises, LLC, a firm specializing in restoring distressed and underperforming companies to profitability and positive cash flow, has completed a three-month assignment with a $200 million Toronto-based consumer products company experiencing significant operating losses following the loss of a major customer.

The strategic restructuring touched every facet of the company’s operations, from product design to supply chain and logistics to staffing and I.T. systems. Key improvements included:

• Substantial Reduction in Overhead and other operating expenses
• Increased Gross and Net Margins
• Improved Global Vendor Terms and Liquidity
 Upgraded Data Capture, Access and Reporting
• Replaced Management Incentive Programs

Gary Nacht, owner and CEO of Synergy Enterprises, stated “This was a fully immersive experience that began with a comprehensive evaluation and assessment of the Company’s business practices. Working in close partnership with the owners, changes were implemented in real-time so that by the end of the project, the Company had already turned the corner and was well on its way to better margins and cash flow.”

“Throughout the process, every employee had an opportunity to contribute, and several were promoted and placed in charge of putting key recommendations into place. While some hard decisions had to be made, this collaborative approach was highly motivating and replaced the fear of failure with optimism about the future,” he added.

About Synergy Enterprises
Synergy Enterprises, LLC is a Fort Lauderdale-based firm owned by Gary Nacht, its Chairman and CEO. Founded in 1995, Synergy has been acquiring and advising distressed and underperforming companies for over 20 years across a wide diversity of industries, including Kmart Canada, Northern Reflections, Gemini Industries, DPI International and AmerTac Inc. In the fall of 2013, Synergy launched its Quick Strike Advisory Service to help companies experiencing operating losses achieve short-term recovery.

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