About

Powers Medical Devices, LLC, is a Florida-based, medical device company. Powers develops feedback sensor products to address the nutritional and distress tolerance (self-soothing) needs of premature and low birth weight infants in neonatal intensive care units (NICU).

Executive Management

Patricia D. Palmer, CEO

Patricia Palmer brings more than 25 years of general management, sales/marketing, financial and operational experience in leading technology companies, together with financial experience developed more recently at Littlebanc Advisors, Morgan Stanley, and Oceana Partners. Ms. Palmer has led technology start-ups as well as units/brands for some of the most respected companies in the world. Her technology experience includes leading a Silicon Valley software start-up group, XSoft, which sold over 9 million licenses of the highly successful Document Management software, TabWorks™, and executive roles as: Northeast Regional Sales Manager for Dell Corporation; COO, Global Telecommunications Group for Unisys Corporation; Vice President/General Manager, Xerox; and IBM Corporation.

Curtis R. “Kelly” Lefkowitz

Mr. Lefkowitz is a C-level finance executive offering more than 25 years of financial management, analysis, and CEO/CFO experience within technology, healthcare/pharmaceuticals, media, internet, and clean-tech.  As the principal of Strat/Assist, a strategy, finance, and interim management consulting firm, Mr. Lefkowitz has held interim operating roles (CFO/COO/CEO) positions at HealthAddress, NeuroDPM, Targeted Medical Pharma, LEHR, ClickPLAY, FusionTV, and Intern Media Group.  He has also consulted to medical software, device, and technology companies.  He is a skilled educator having taught strategy and planning in the Business Expansion program at the University of Southern California’s School of Entrepreneurship. Kelly holds a B.S. degree in Business Administration concentrating in Marketing and Finance from Boston University School of Management and an MBA from the USC Marshall School of Business.

Board

Patricia D. Palmer, CEO
Powers Medical Devices

Patricia Palmer brings more than 25 years of general management, sales/marketing, financial and operational experience in leading technology companies, together with financial experience developed more recently at Littlebanc Advisors, Morgan Stanley, and Oceana Partners. Ms. Palmer has led technology start-ups as well as units/brands for some of the most respected companies in the world. Her technology experience includes leading a Silicon Valley software start-up group, XSoft, which sold over 9 million licenses of the highly successful Document Management software, TabWorks™, and executive roles as: Northeast Regional Sales Manager for Dell Corporation; COO, Global Telecommunications Group for Unisys Corporation; Vice President/General Manager, Xerox; and IBM Corporation.

Michael Margolies, CEO
Littlebanc Advisors, LLC

Michael Margolies is the Chief Executive Officer of Littlebanc Advisors, LLC. Littlebanc’s mission is to provide high quality Wall Street investment banking and merchant banking services to small companies.  Mr. Margolies leverages his extensive expertise and deep professional relationships with many of Wall Street’s most influential professionals, to enable Littlebanc’s clients to meet their funding and M&A goals. Prior to founding Littlebanc, Mr. Margolies spent over twenty five years working as an investment professional as well as the CEO and founder of an equity research firm.  Mr. Margolies managed discretionary accounts worth hundreds of millions of dollars for both Oppenheimer and Company and M.A. Berman & Co., a boutique money management and brokerage firm. In 1995 Mr. Margolies founded Avalon Research Group, Inc., one of Wall Street’s top-rated independent research companies with over 100 hedge fund and mutual fund clients. He served as founder & CEO of Avalon Research Group, Inc., until 2004 when he sold the company. During his long career, Mr. Margolies has been involved in hundreds of transactions as both a seller and a buyer of company equity and assets.  Mr. Margolies was also a founding member of Investorside Research Association, a non-profit trade association of investment research providers not engaging in investment banking.

Kevin Gadowski, CPA, CVA

Kevin J. Gadawski, CPA, CVA, brings to Littlebanc more than 20 years of financial, operational and sales experience. Prior to joining Littlebanc, Mr. Gadawski was the President of NL Strategies, Inc., a consulting firm that delivered financial and operational leadership to companies across a variety of industries, as well as provided forensic analysis services for both valuation and forensic accounting matters. Prior to founding NL Strategies, Mr. Gadawski was President of First Check Diagnostics, LLC, a successful medical device company. While at First Check, Mr. Gadawski obtained regulatory clearance for new and unique products, expanded distribution with all major retail accounts, grew revenues more than 350%, and negotiated the sale of the company to a key supplier at nearly seven times ROI. Mr. Gadawski also served as President of Worldwide Medical, Inc., where he developed and implemented a turnaround plan leading the company out of bankruptcy to financial solvency, ultimately culminating in the sale of the company at nearly two times investor dollars in less than 18 months. In addition to his executive leadership at medical device companies, Mr. Gadawski is a seasoned financial professional and has held Chief Financial Officer roles at several public companies. Mr. Gadawski holds a B.S. degree in Accounting from Northern Kentucky University and is a Certified Public Accountant and a Certified Valuation Analyst.

Teri Hart, Board Observer
Business Office Manager
Florida Institute for the Commercialization of Public Research

Ms. Hart joined the Florida Institute for the Commercialization of Public Research in March 2009 and is responsible for Institute business operations including human resources, financial and contracts management, and supporting the COO with program oversight for Institute service and seed funding programs.

Prior to joining the Institute, Ms. Hart held a number of senior administrative positions in industry and academia, including the Vermont Genetics Network (VGN) at the University of Vermont. Prior to joining VGN she worked with agencies in Ft. Lauderdale that support senior citizens, including the Service Agency for Senior Citizens where she served as Assistant Director and was responsible for duties involving community relations and overall operation of the agency. Ms. Hart received her Bachelor of Liberal Arts in Sociology, from Florida Atlantic University.

Investors

www.littlebanc.com
www.florida-institute.com

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