John Waters

Mr. Waters is a former Senior Partner at Arthur Andersen (1967-2001) with exceptional leadership skills in mergers and acquisitions, particularly reverse mergers, and 1933 Act filings with the SEC. In the last fifteen years with the firm, Mr. Waters built three very successful businesses within Andersen in the areas of merger and acquisition, manufacturing, and entertainment.

In 2001, Mr. Waters started his own merger and acquisition advisory consulting business and has consummated the acquisition of three manufacturing companies with combined annual sales of $50 million. In 2003, he participated in a group that acquired A-1 Components Corp., a wholly-owned subsidiary of United Technologies Corp. Mr. Waters led due diligence efforts and created a tax structure beneficial to both the buyer and seller.

In September 2004, Mr. Waters participated with a group of investors that acquired Metpar Corp., a $19 million manufacturer of metal sanitary and plastic plumbing fixtures. In October 2007, he participated with a group of investors that acquired World Dryer Corporation, a $20 million manufacturer of hand dryer products. He prepared Pro-forma financial statements for the lenders and assisted in obtaining financing for these transactions. In July of 2004, he was appointed Chief Administrative Officer of Authentidate Holding Corp. and led a massive restructuring of the business, and hired an entirely new executive management team. In January of 2006, he was appointed Chief Financial Officer of Avantair Inc., which was taken public through a merger with a Special Purpose Acquisition Company (SPAC) and raised $60 million in capital for this company.

From 2016 to present, Mr. Waters has served as an Advisor to the Board of Directors of the Company. Previously, he was a member of the Board of Directors of the Company and served as a member of the Audit Committee. For the past five years, he has also worked as a consultant to various companies. Mr. Waters is a Certified Public Accountant, a member of AICPA and the New York State Society of CPA's. He has a BBA degree from Iona College.