F&D Reports was launched in 1992 at the suggestion of credit professionals, who were in search of an industry-specific credit consulting service. F&D Reports monitors publicly & privately held retailers in all facets of the industry, including: Restaurants, Convenience Stores, Deep Discounters, Drug/Pharmaceutical, Foodservice, Grocery, and Mass Merchandisers. Our goal is to deliver the critical information today's busy credit executive needs to make a highly informed credit decision without sifting through pages of non-essential data. A privately held corporation, F&D Reports is headquartered at 310 East Shore Road in Great Neck, NY and is affiliated with Information Clearinghouse, Inc. (ICI) through common principals and officers. The three key executives of F&D Reports collectively have close to 100 years of credit and insolvency management experience and, as such, the Company is uniquely positioned to provide a perspective superior to other financial reporting services.
For General Inquiries, please email contactus@fdreports.com.

The F&D Reports Team
Larry Sarf President & CEO
larrys@fdreports.com 800-789-0123 Ext. 102

For more than 50 years, Lawrence Sarf has provided his clients hands-on expertise and knowledge with respect to financially troubled companies operating across numerous retail and wholesale segments. His unparalleled background has afforded those clients with the time-sensitive intelligence needed to avoid costly bankruptcies and working capital draining slow receivables. Over several decades, Larry has been sought out to evaluate countless acquisitions and divestitures. Additionally, he has served in a consultant and/or advisory capacity to scores of creditors' committees in both bankruptcy and out-of-court settings. In 1990, Larry was formally recognized with the distinction of Bankruptcy Expert by the Chief Bankruptcy Judge of the Southern District of New York. He's not only been appointed as operating receiver and Bankruptcy Advisor in a number of bankruptcies, but he has personally overseen well over 1,000 insolvency proceedings. With Larry's extensive background and unique insights, he's been coined the "best in the business." !

Robert Marzo Chief Of Staff/Division President - ARMS
robertm@fdreports.com 800-789-0123 Ext. 173

Robert joined F&D Reports as a financial analyst in June 2004. Immediately prior to joining F&D Reports, Robert worked as a business analyst at a Fortune 500 company where he provided business support in various areas, including the preparation and submission of monthly and year-end P&L reports. As Division President, Robert oversees the daily operations of the credit department, including managing the website, developing products as well as client relations. Robert is also the head analyst of the foodservice segment. Robert graduated from Stony Brook University with a degree in Economics and Business.

Steve Dove Advisor to the President, F&D Reports
steved@fdreports.com (800)789-0123 Ext. 121

Steve joined Information Clearinghouse in 1998 after a 25-year career with Borden, Inc. (a multi-national conglomerate) where he gained extensive knowledge of virtually all facets of treasury, from finance and credit/receivable management to distribution and marketing. In addition, Steve participated in bank facility negotiations, M&A activity, and rating agency presentations. He was active on the boards of directors at several national trade credit groups, including the National Food Manufacturers Credit Group where he served as vice chairman of the Trade Relations Committee and vice chairman of the Claims Committee. He has extensive understanding and expertise in the defense of Avoidance Actions with emphasis on Preferential Transfers. In that capacity he has successfully defended dozens of Trustee demands with a very high success rate delivering settlements averaging less than 10% of the initial demand. He has been recognized and appeared as an Expert Witness in Federal Bankruptcy Court as relates to credit management Industry Practice. In his current position, he oversees all matters with respect to the F&D Reports division of ICI.

Kevin Slack Advisor to the President, Creditntell
kevins@fdreports.com 800-789-0123 Ext. 103

Kevin Slack's areas of expertise are in the retail and wholesale food and drug industries, where he spent 25 years in senior credit management positions with Sterling Drug Co. and Ward Foods. While in these positions, he gained extensive experience in all facets of the order cycle, including Credit Risk, DSO, Deductions/Dilution and Bad Debt Best Practice receivable process improvements, as well as A/R Systems implementation and integration. Kevin was an industry peer group leader in food, health and beauty care and pharmaceuticals. Kevin served as chairman of the National Health & Beauty Care Credit Group, as a member on the Trade Relations Committee of the NHBCG and the National Food Manufacturers Credit Group, and was a co-founder of the National Candy and Tobacco Manufacturers Credit Corp.

Albert Furst MBA, Chief Operating Officer, F&D Reports and Creditntell
albertf@fdreports.com 800-789-0123 Ext. 147

Albert joined F&D Reports/Creditntell.com as a Senior Financial Analyst in 1998. As Chief Operating Officer, today Albert oversees the daily operations of F&D Reports and the analyst department. He has been the lead analyst in the Food Sector and grocery space since 2001 and is responsible for analyzing high-risk accounts, overall retail coverage and products as well as a client liaison. Albert was previously with The Chase Manhattan Bank, where he headed up the multi-billion dollar cash management operations of its Franklin Templeton Mutual Fund relationship. Albert received a BS in Accounting from Binghamton University and an MBA in Corporate Finance from Hofstra University's Frank G. Zarb School of Business.

Michael Blackburn MBA, CCM, Executive Vice President, F&D Reports and Creditntell
mikeb@fdreports.com 800-789-0123 Ext. 131

Prior to joining Creditntell.com, Michael had over 10 years of corporate treasury and risk management experience in the manufacturing, service and retail industries. Immediately prior to joining Creditntell.com, Michael was responsible for all the treasury management and financial planning functions with a retail golf company then in Chapter 11, and also managed that company's financial and vendor relations during its reorganization. Michael is responsible for monitoring the food and drug retail segments as well as conducting educational and training programs for customers, covering various financial topics and retail segments. Michael received his MBA from the University of Colorado at Boulder and a BS in Finance from the State University of New York at Albany.

Talia Waxman Senior Vice President, Sales
talia@fdreports.com 800-789-0123 Ext. 143

After completing her degree in business administration at Hofstra University, Tali joined F&D Reports in 1998, advancing through positions of increasing responsibility to her current role as SVP of sales. During her tenure, she has focused her efforts, and those of her team, on initiating a significant number of relationships with subscribers as well as maintaining ongoing support to ensure that any concerns are immediately addressed. She has been instrumental in introducing new and innovative tools to the credit management community, and her expertise in F&D's products as well as her deep understanding of subscribers' needs make her integral to ICI's sales efforts.

Joshua Suffin Vice President of Real Estate Services
joshs@fdreports.com 800-789-0123 Ext. 172

Soon after attaining his BA in Entrepreneurship from Hofstra University, Josh joined Creditntell in September of 2011. Over the course of the next two years he utilized his skills to introduce new marketing initiatives and create new product offerings, with a concentration in the retail real estate segment, earning a promotion to Chief Production Officer. Through his diligent efforts with key players in this growing customer base he has been able to innovate a new array of services and networking events tailored to meet this diverse industry's specific needs and applications. Equipped with extensive real estate expertise and an expansive network, Josh was appointed Vice President of Real Estate Services and now leads the company's efforts with this major sector.

Anthony Lobosco Senior Vice President, Marketing
anthony@fdreports.com 800-789-0123 Ext. 113

Tony spent 25 years with the Bell System in various positions in sales, marketing, product management and personnel. As director of sales and marketing, he was responsible for managing several Fortune 500 companies' telecommunications needs and overseeing a revenue stream of over $25 million. He began at F&D Reports in 1996 in customer service, for which he visited customers nationwide and gathered critical intelligence. Tony has since spearheaded many of the Company?s new product introductions, such as its Credit Executive Study Program, Customer & Market Insights and Hot Market reports. He is responsible for servicing a portion of F&D's national account portfolio.

Dave Silverman MBA, JD, CPA, Senior Vice President, Creditntell
daves@fdreports.com 800-789-0123 Ext. 119

David joined ICI as a Financial Analyst in September 1995. Previously, David was a financial analyst for Data Broadcasting Corporation, a provider of business financial information. At Data Broadcasting, David was responsible for budgeting, cash flow, variance and merger and acquisition analysis, including evaluation of debt financing alternatives. At F&D Reports, David monitors the electronics and home center industries. David helped develop the Company's Credit Executive Training Program and has conducted several of the seminars. David has also prepared Debt & Covenant Analyses on monitored companies. David received a BS in Management and an MBA in Accounting from the University of Florida.

Jessica Shusterman President, Research
jessical@fdreports.com 800-789-0123 Ext. 109

A graduate of Columbia University, Jessica joined Creditntell in June 2000. With almost a decade of experience, she has acquired extensive financial research, writing and editorial skills, primarily within the food and drug sectors. Jessica's editorial pieces can be found in the Company's weekly newsletters, and she is a primary contributor to Private Retail Drug RxTRA Reports.

Joe Costello Chief Information Officer
josephc@fdreports.com (800)789-0123 Ext. 112

Joseph Costello serves as Chief Information Officer of Information Clearinghouse Inc., providing overall technology leadership for the corporation and its businesses and working with business management to expand the application of effective technology solutions across the enterprise. Joseph brings to our organization over 18 years of global information technology experience with Fortune 500 companies like Citigroup and McGraw-Hill, and across several industries including financial, education, publishing and information services.

Randi Dickson VP of Client Services
randid@fdreports.com 800-789-0123 Ext. 179

After graduating from the University at Albany with a Psychology / Sociology degree, Randi continued to develop her strong interpersonal skills within a variety of positions that include human resources coordinator, recruiter, and an elementary school teacher. Randi joined ICI as a client relations coordinator to support the sales department. Her main responsibility is to communicate with subscribers to ensure all of their needs are being met and to introduce the latest products and enhancements.

Jim Rice Senior Vice President, Creditntell
jimr@fdreports.com 800-789-0123 Ext. 127

Jim joined Creditntell.com/F&D Reports as a senior analyst in February 2007, bringing with him 30 years of credit industry experience. Previously, Jim was an equities analyst for Susquehanna Financial Group and spent 14 years as an EVP of Bernard Sands. Jim also worked in various credit capacities in the factoring industry. At Creditntell.com, Jim monitors Mass Merchandisers and Department Stores. Jim received his BA from Hunter College and did his post-graduate studies at St. John's University.

Michael Infranco Assistant Vice President, F&D Reports
mikei@fdreports.com 800-789-0123 Ext. 126

Prior to joining F&D Reports, Michael served in various analytical capacities during a 20 year career at Standard & Poor's where he was responsible for designing and managing financial models, providing investment recommendations, and performing financial valuations and research necessary to rank portfolios of stocks. In addition, Michael played a key role in developing and implementing new products and content for their equity research group. Michael received his MBA from Regis University in Denver and a BBA in Finance & Investments from Baruch College, City University of New York.

Jim Fritts Senior Analyst, F&D Reports
jimf@fdreports.com 800-789-0123 Ext. 137

Jim joined the Analyst team at F&D in April 2017 and brings over 20 years of experience in underwriting and analysis of distressed and special situation companies. Prior to joining F&D, Jim was with Republic Financial Corporation in Colorado, a private investment firm specializing in acquiring distressed debt and restructuring troubled companies. In addition, Jim has managed the investment analysis process for high-yield bond funds at Advisors Asset Management. He received his B.A. from the State University of New York at Albany and his MBA from the University of Colorado at Boulder.

Taylor Ricketts Assistant Vice President, F&D Reports
taylorr@fdreports.com 800-789-0123 Ext. 139

Taylor joined Information Clearinghouse in January 2018. He brings 10 years of corporate credit, finance, and shared services experience, primarily with PepsiCo, Inc. There he gained extensive knowledge of all facets of the order to cash process, including financial analysis, credit and risk management, A/R and system processes, reporting, accounting, bankruptcy and legal processes. Taylor is experienced in process outsourcing, establishing a financial supplier evaluation process, governance and building a long term shared service provider relationship. Taylor has been an active member of several national trade and credit groups, including the National Food and Health Manufacturers Credit Group, Credit Research Foundation, and International Credit and Trade Finance where he earned his Registered Global Credit Professional designation (RGCPTM). In addition, he brings extensive creditor representation experience in bankruptcies, serving on the Creditors Committee in high profile bankruptcies including Caesars, Quiznos, Belle Foods, and Haggen. In his current position, Taylor provides analytics on natural and ethnic grocers and private companies. He is also actively involved within the Credit solutions group. He received his B.A. from the University of North Carolina at Asheville and his Masters in Economics and Finance from the University of North Carolina at Greensboro.

Alan Lee Senior Analyst, F&D Reports
alanl@fdreports.com 800-789-0123 Ext. 146

Alan joined F&D Reports as a Retail Analyst in April 2014. He covers multiple companies in healthcare, retail and wholesale food as well as Canadian food coverage. Alan received a BS in Finance and Accounting and a MS in Accounting from the Stern School of Business at NYU.

Ramona Bolozan Director of Analytical Support, ARMS
ramonad@fdreports.com 800-789-0123 Ext. 124

Ramona Bolozan joined F&D Reports as a financial analyst in 2008 and was promoted to Director of Analytical Support / ARMS in 2013. During her tenure with the company, Ramona has held positions of increasing responsibility, making significant contributions to the analyst, credit and sales support departments. In her current role, she provides analytical, brand strategy and product development support, and she leads the company's international efforts, including overseeing the international credit team and maintaining and expanding the international database. Ramona received a BBA in Finance & Investments from Baruch College, City University of New York.