Mr. Ray is a business consultant assisting companies with advertising, marketing, mergers and acquisitions and strategic planning. Primary concentration has been on companies preparing for private placements or an Initial Public Offering or merging with a public “shell” company.
Mr. Ray was Assistant Manager of Howlett Distributing in Las Vegas, Nevada prior to founding his own advertising business in 1958. From 1958 until 1971, Mr. Ray served as owner and president of Advertising Productions of Nevada, Inc. an advertising service and Phil E. Ray & Associates, a full service advertising agency supplying art, design, television and radio commercials, production and time purchasing, print advertising production, space purchasing and creative production.
Relocating in Colorado in 1971, for business reasons, in 1972 Mr. Ray founded and served as President and Chairman of the Board of Electromedics, Inc. a Colorado corporation specializing in medical products. Electromedics Inc. became a public company in 1974 through an initial public offering. Electromedics continued to grow into a company with diversified products in the medical, industrial and consumer products, reaching over $34 million in sales and 350 employees before the company was sold to a major medical company. Mr. Ray acquired the consumer division of Electromedics in 1981, set up a new company and eventually merged that company with a public company. Mr. Ray served as president of Zytech Industries, Inc., a small public company from 1986 to 1990. And from 1994 to the present has served as president and sole owner of VentureVest Capital Corporation and American Business Services, Inc., both business consulting firms, and spends full time consulting with companies. Mr. Ray has had extensive experience in management of public and non-public companies, developing national marketing programs, advertising and publications, product development, investor relations, public offerings, corporate development, business plan development, financing strategies for developing companies and many other areas of corporate development and management.