Frederick Conte

FAVA ENTERPRISES, LLC. (FAVA), formed in December 2003, is a business services consulting organization concentrating in the hospitality, leisure and real estate industries. FAVA located in Las Vegas, Nevada, provides strategic planning, guidance and implementation services ranging from business and marketing plans, operational budgets, feasibility studies, loss mitigation, market analysis, workouts, land acquisition, and diligence reviews.

A boutique mortgage banking company providing credit facilities to individual consumers seeking to acquire Timeshare intervals in the secondary market.

Directed the strategic review of potential resort acquisitions for this real estate holding company with about $223M in assets. Advised the chairman in evaluating the performance of the company’s wholly owned subsidiaries and make recommendations in order to reach goal of increasing revenue from $120M to $155M in one year. All operational divisions of this private timeshare developer with projects in Nevada and Hawaii were direct reports to me .

Directed the development of a $200 million vacation ownership project with 660 units and $800 million in projected sales revenues to complement the existing Mandalay Bay property. Created overall business and marketing plan and collaborated with legal counsel on the state registration of the project. Identified and contracted for industry specific software and Information technology services. Also negotiated receivables portfolio servicing contracts and arranged for title and custodial services.

Held several positions of increasing responsibility, including controller, treasurer and chief financial officer for this resort and land developer with projects and sales offices in six states. Became president and chief operating officer in 1989 and was responsible for departments with about 2,300 employees and total annual budgets of $85M including accounting, information technology, collections and finance, customer service, human resources, cash management, legal functions and publications. Helped to