JIMMIE S. HOWELL, CPA
CHIEF FINANCIAL OFFICER AND SENIOR CONSULTANT
FAIRFIELD RESOURCES INTERNATIONAL, INC.
Jimmie Howell started his business and finance career in 1963. He has founded and managed a number of startup operations, has made arrangements for capitalization of companies and real estate ventures, and has prepared filings with state agencies and the SEC. He has served in patent litigation cases as an expert in the area of royalties and damages and has provided patent valuation services to number of clients. Other services relate to patent licensing and enforcement and royalty auditing. He also provides valuation services internally as part of Fairfield’s intake procedures for services related to patent enforcement and licensing. He is one of the founders of Fairfield Resources International, Inc. (FRII) Prior to FRII, Mr. Howell was CFO and COO of Finnegan, Henderson, Farabow, Garrett & Dunner and Fish & Richardson, PC respectively, two of largest intellectual property and technology law firms in the world. Mr. Howell’s responsibilities included overall operating and financial management, conflicts of interest, auditor letters, matters involving the SEC and human resources. He also performed services relating to damages in patent cases.
For the seven years prior, he was in public accounting as a CPA and a managing partner. In addition to traditional services (audit, consulting, and income tax), Mr. Howell worked with startup clients to improve their net worth by arranging financing of projects and businesses. He performed valuation services relating to intangible assets in mergers and acquisitions. He also specialized in turnaround situations.
Prior to public accounting, Mr. Howell was CEO of several personally owned and operated businesses in a number of different industries. In a number of the acquisitions the purchase price was based on the valuation of intangible assets including patents. For seven years, he was vice president, treasurer, secretary, and board member of the number one manufacturing and leasing company in the shrimp industry. As chief operating officer and administrator, Mr. Howell helped build the organization to a worldwide operation, including the ownership of more than 240 patents. He was involved in the development and the commercialization or licensing of those patents including three startup subsidiaries based on Laitram’s noncore patents. Laitram had 5 legal cases concerning patent infringement during his employment. He was responsible for determining the damages in each of these cases. Mr. Howell started his professional career with Deloitte & Touche, LLP, serving on the audit, tax and accounting research staffs, departing as a Principal after 9 years in New Orleans and New York. While at Deloitte he was involved in performing valuation services relating to mergers and acquisitions including the value of intangible assets including patents and trademarks. While in the Research Department in New York he worked on several projects relating to mergers and acquisitions including Opinion 16 of the APB of the AICPA. Those projects included the valuation of intangibles.
Mr. Howell is a CPA in Mississippi, Louisiana, New York, and Texas. He is a member of several professional organizations, including the American Institute of CPA’s. He has held a number of offices and has served as a member on numerous committees. He has a B.S. degree from the University of Southern Mississippi. He holds 2 U.S. patents. As part of being licensed as a CPA since 1965 Mr. Howell completes at least 40 hours of Continuing Professional Education each year in his area of interest.