LeonardS.Shutzbergbiography….continued

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6224NorthMainStreet•Acworth,GA30101•Phone770-974-7000•TollFree:800-241-9902•americomfg.com

LeonardS.ShutzbergChiefExecutiveOfficer,ChiefFinancialOfficer

LeonardShutzbergistheChiefExecutiveOfficerandChiefFinancial

Officer of Americo Manufacturing Company. Shutzberg joined

Americo in February, 2000 as its Chief Financial Officer and was

appointed to the CEO position inNovember of that year. He has

more than 30 years of experience in managing and operating

businessesinavarietyofindustries.

Leonard receivedhisBSBAdegreegraduating cum-laude fromThe

OhioStateUniversityin1982withadoublemajorinAccountingand

ComputerInformationSciences. Hebeganhiscareerasanauditor

with Touche Ross in Dallas, TX and passed the CPA exam the

followingyear.In1983,heandarelativemovedtoAtlantatostart

an entertainment consulting company. The firm managed rock

bandsandworkedinconcertpromotionswithsomeofthebiggest

namesintheindustry.JustafewofthebandsthatLeonardworked

with included: ZZTop, Journey, Van Halen, Bon Jovi, AC/DC,

Aerosmith,BryanAdams,GarthBrooks,Rush,RodStewart,Kansas

andEltonJohn.

Mr. Shutzberg left theentertainmentbusiness in1990 toaccepta

position as Chief Financial Officer for The Software Factory, in

Atlanta,GA.ItwasatthiscompanythatLeonardbegantodevelop

hisexpertise inthemanufacturingindustrywhereheimplemented

bills of materials and standard cost systems, ultimately, achieving

netincomeincreasesover25%.

LeonardS.ShutzbergChiefExecutiveOfficerChiefFinancialOfficerAmericoManufacturing

Company,Inc.

LeonardS.Shutzbergbiography….continued

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6224NorthMainStreet•Acworth,GA30101•Phone770-974-7000•TollFree:800-241-9902•americomfg.com

In 1993, Leonard accepted a CFO/COO position with LABS, Inc., a manufacturer and distributor of

horticultural supplies,wherehe spent thenext sevenyearsmanagingandgrowing thebusiness from

$3.5M/yearinannualsalestojustover$22M/yearwhenheleftthecompanyinFebruary,2000tojoin

AmericoManufacturingCompany.

When Shutzberg started with Americo, based in Acworth, Georgia, the business was losing money,

overdrawn on their line of credit and headed towards bankruptcy. Over the first eighteenmonths,

Shutzbergandhis teamturned thebusinessaround, initiatedapositivebanking relationshipwith the

organization and began turning a profit in 2002. Over the past decade, Americo has acquired six

differentcompaniesandbuiltasecondfactoryinCartersville,Georgia,justminutesfromtheircorporate

headquarters. Americoisnowoneoftheleadingmanufacturersofhighloft,textilenonwovensinthe

world,maintainingeithera1stor2ndpositioninthemarketstheycompeteglobally.Theirproductsare

sold in over 70 countries worldwide; annual sales volume has quadrupled since Leonard joined the

companyin2000.

Shutzberg ismarriedtoMarianneRonesShutzberg,aCharteredFinancialAnalystandbondtrader for

oneofthetopinvestmentcounselingfirmsinGeorgia.Marianne’sfather,JamesRones,beganAmerico

ManufacturingCompanyin1969.LennyandMariannehavethreechildren.