One other thing I like about $AXCG is the management. Chris Carey is a proven winner on multiple occasions:
Chris Carey is a proven entrepreneur and CEO, with a career of successfully
founding, growing and selling businesses, and more recently, leading a number
of dramatic turnarounds. Founder and President of Chris Carey Advisors,
Chris has developed a proven process that yields higher profits and better
performance.
Previously, Chris was CEO of Datatec Systems, Inc., a technology services
company which had $500,000 in revenues when he completed an MBO at 23
years of age. Over the span of 25 years, he built Datatec into one of North
America’s largest independent systems implementation firms, and took the
company public with $100M in revenues and 750 employees in the U.S. and
Canada. In 2000, the company had a market value of over $150M.
He has successfully led a number of turnarounds including a warehousing and
trucking company in New Jersey that he took from $34 million and $400K in
ebitda to $52M revenue and $4M in ebitda in three years. In 2008, he led the
sale of the company to a venture firm for $28M.
Chris is a graduate of Princeton University. He is a member of the World
Presidents’ Organization, Chief Executives Organization, and past chapter
chairman of the Young President’s Organization. He was selected Entrepreneur
of the Year by New Jersey Magazine, and was a finalist for the Ernst and Young
Entrepreneur award. Chris was named Small Business Philanthropist of the
Year by the Community Foundation of New Jersey. He is a columnist for Forbes
magazine.
