Lance Funston

Board of Directors Biography

Lance T. Funston currently serves as Chairman and CEO of Ultimark Products, LLC which he founded in 2000. The consumer products company manufactures and distributes Prell®, Denorex®, Zincon® and Porcelana®.

In 1993 he founded TelAmerica Media, a media aggregator representing over 90% of the cable television industry. In 2008, 85% of the company was sold to Cross MediaWorks, Inc., the balance sold to the Lee Group in 2013.

During the 1980’s Mr. Funston founded a Merchant Banking Firm acquiring over $500 million in corporate properties. Mr. Funston’s notable transactions included: Mid-Continent Bottlers, O’Day Sailboats, Kittenger Furniture, Brooklyn Seven-Up, and Larami Toys, which created the Super Soaker.

Mr. Funston attended the University of Houston and received his Bachelors of Science degree in 1967. He received the school’s lifetime achievement award in 2010 and in 2011 the University of Houston Communication Center was dedicated in his name. In 1967, Mr. Funston was appointed Assistant to the Director of the Federal Deposit Insurance Corporation by President Lyndon Johnson, and subsequently as special assistant to a governor of the Federal Reserve Board. Mr. Funston attended Harvard Business School, receiving his MBA in 1970.

During his tenure at Harvard, he founded Portfolio Management Systems Incorporated, which developed investment management systems for major financial institutions including: John Hancock, Fidelity Mutual, American General, Sun Life, and Bank of America. In 1973 Portfolio Management created a private real estate equity fund in Houston, Texas and developed over $300 million in residential and commercial properties during a 10 year period.

Mr. Funston served as Secretary General and first alternate driver for the American Samoan bobsled team at the 1994 Olympics in Lillehammer. He also served as a board member of the United States Bobsled and Skeleton Federation from 1992 to 1996.

In 2007, Lance and his wife, Christina, founded the Save a Mind Foundation, a 501(c)3 federal non-profit organization that assists at-risk youth in grades 5-8 to stay in school with their innovative Win/Win Program, and continue on to graduate from high school. As an avid fan of Texas Hold’ Em, Mr. Funston founded the Poker Players With A Heart Foundation in 2008, which supports various charities including the Philadelphia Committee To End Homelessness.

Born in Kansas City, Missouri, Mr. Funston currently lives outside of Philadelphia in Penn Valley, Pennsylvania and Villefranche Sur Mer, France, with his wife Christina, and two daughters, Quinn and Zale. He also has three sons, Lance, Brent and Blake, and one daughter, Heather, from previous marriages.