Key Professional Profile -	Douglas R. Krieser, ASA

Professional Qualifications

Douglas R. Krieser, ASA is the founder and president of Valcon Partners, Ltd. He has performed and supervised valuations and consulting projects on an international basis for over 17 years. His area of expertise is primarily machinery & equipment/personal property. However, he has valued buildings and improvements for insurance purposes. He has broad experience in performing valuations and consulting projects for a variety of purposes including, but not limited to the following:

• Tax appeal
• Insurance
• Purchase price allocation
• Asset-based lending
• Leasing (beginning and end of lease valuations)
• Financial and tax reporting
• Donations
• Liquidations
• Shareholder disputes
• Sarbanes Oxley conformance
• Asset tagging and tracking
• “Anti-Dumping” lawsuits
• Contract related lawsuits
• General consulting (useful life determination, obsolescence studies, etc.)
• Various other purposes

His valuation experience includes a wide range of industries including, but not limited to: telecommunications, foundries, scrap metal, paper and cardboard products, saw mills, graphics and printing, aviation, automotive (OEM and suppliers), trucking, railroads and railroad car manufacturing, packaging products, plastic injection molding, blown film, rubber processing, electronic component manufacturing, specialty metalworking, metal stamping, specialty chemicals, general manufacturing, food processing and distribution, pet food, coffee roasting, retail and wholesale distribution, hospitals and healthcare, medicine production, hotels and resorts, universities, high rise office buildings, utilities, oil wells, and airports.

Mr. Krieser has performed and supervised valuations throughout the United States, Europe, Asia, and South America. In addition to his valuation experience, Mr. Krieser has experience testifying in several states regarding personal property tax matters and has testified in federal bankruptcy court.

Mr. Krieser has authored various articles and has given presentations at national conferences on topics such as obsolescence, insurance valuation issues, the effects of accounting standards on the appraisal profession, and various personal property tax issues. He is also a contributor to the latest edition of Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and technical Assets (Second Edition) published by the American Society of Appraisers in 2005.

Prior to founding Valcon Partners, Ltd., Mr. Krieser spent two and a half years with Stout Risius Ross, Inc. (“SRR”) where he was the head of their machinery and equipment practice. Prior to SRR, he spent four years at Arthur Andersen in their Valuation Services Group. During the last two years, he was Andersen’s Central Region Equipment Valuation Manager. Prior to Arthur Andersen, he spent ten years with Factory Mutual Engineering, a leading supplier of insurance related appraisal and engineering services.

Mr. Krieser earned a BS in Industrial Engineering from Marquette University. He is a Senior Member of the American Society of Appraisers ("ASA") and is a member of the Machinery and Technical Specialties committee.

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