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Our engagements are
structured to foster a strategic partner approach with our
clients. For this reason, our assignments may comprise assistance
in multiple areas to ensure that our client firms have the greatest
likelihood for reaching their fullest potential. Although select
engagements with certain public as well as private clients may entail the
accomplishments of only a single mission in a relatively short timeframe,
other engagements may be six to twelve months or longer in duration. Our focus is to provide
strategic assistance to an established management team already in place, although we have the capability of assisting clients in identifying key management and board personnel.
Fees are
structured to be consistent with our strategic partner approach.
Most engagements consist of a modest engagement fee, coupled with a
mutually agreed success fee based on specific objectives being attained.
A portion of the success fee arrangement will often consist
of long-term , minority, shared profit participation, generally in the form of warrants,
options, or revenue or carried interest rights. WSMC will generally not accept restricted
stock as a basis for compensation due to unfavorable
tax consequences, but may accept free trading stock in select circumstances.
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