Management Team

The company founders, George Spitzer and Sam Alexander, have assembled a compatible team of six executives with extensive industry expertise spanning more than 250 years.

Sam Alexander, Chairman of the Board and CEO
A senior executive with 30 years of high-level achievement in venture capital, workouts, financial structuring, and real estate, Sam has successfully managed the turnarounds and insolvency conversions of several companies, such as Scan Optics where he arranged a $6M private venture placement when they were losing $1M per month. Sam was President of Potomac Federal Corporation in Washington D.C. (successor to Command Financial Corporation) prior to joining the Board of Directors and workout management team of Potter Instrument, a former American Stock Exchange Company with 12,000 public shareholders. In 1978, he served as CEO, President and operating trustee of Potter during a Chapter XI bankruptcy workout where $30 million in bank debt was settled for 30 cents on the dollar. Other than John Potter the founder, there were no public shareholder lawsuits against the company.
Richard Bluestine, CPA and CFO
A senior financial executive with over 30 years experience, Dick was a partner in a major multi-national accounting firm where he served as the engagement partner for various NASDAQ and Fortune 500 companies. During the last several years Dick has served as CFO and member of the board of two small publicly held corporations, MMIC and Planet Entertainment Corporation. He joined BHIF in December 2002.
Michael Reed, VP and Chief Technology Officer
Michael has more than twenty years experience in the strategic and tactical development and integration of technical organizations and infrastructure. With a three-person team, Michael conceived, designed, and implemented the first commercial frame-relay network on behalf of the world’s leading data telecommunications provider. This frame relay network provided the backbone support for more than eighty percent of the domestic Internet traffic including core backbone support for MSN, UUnet, Aegis, and others. Michael pioneered the commercial application of ATM network technology in the commercial sector. As the first telecommunications scientist to apply ATM network technology to traditional private-line networks, Michael revolutionized the revenue generating potential of existing provider infrastructures. Michael’s ATM-based innovations allow a twelve-fold increase in revenue from existing physical assets. Today, every facilities-based telecommunications provider benefits from this innovation. Working with the National Science Foundation and MCI, Michael was a significant contributor to the development of the “very High Performance Backbone Network Service” (vBNS) architecture.

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