Cyanotech Names Walter M. Rick as National Sales Manager of Nutrex Products.KAILUA-KONA, Hawaii--(BUSINESS WIRE)--June 11, 1996--Cyanotech Corp. (NASDAQ/NMS: CYAN) has named Walter M. Rick as national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of Nutrex, Inc., the company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. that markets Spirulina-based nutritional products to the retail market. Rick was previously vice president and national sales manager for Earthrise earth·rise n. The rising of the earth above the horizon as seen from the moon. Company. "Walter brings significant retail marketing experience in the health food channel to Cyanotech," said Kelly J. Moorhead, president of Nutrex, Inc. "Sales of Nutrex-branded Spirulina spirulina Any cyanobacteria in the genus Spirulina. A traditional food source in parts of Africa and Mexico, spirulina is an exceptionally rich source of vitamins, minerals, and protein, and one of the few nonanimal sources of vitamin B12. products are increasing steadily and the company is making a significant investment to expand production capacity to accommodate expected future growth in demand." At Earthrise, Rick built a national sales and broker network of 40 sales representatives covering health food stores, nutrition centers, supermarkets and drug stores. Previously, he was a sales manager for Stouffer Foods and Beatrice/Hunt-Wesson for nine years. Cyanotech develops and commercializes natural products from microalgae. The company is currently producing microalgae products for nutritional supplement and immunological diagnostics markets and is also developing microalgae-based products for the aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. feed/pigments, biopesticide and food coloring markets. Nutrex, Inc., the company's wholly owned subsidiary, produces and markets a line of Spirulina-based nutritional products for the retail market. CONTACT: Cyanotech Corp., Kailua-Kona Ronald P. Scott, 808/326-1353 or Russell Communications Bruce Russell Bruce Russell is a New Zealand experimental musician. He is a founding member and guitarist of the noise rock trio The Dead C and the free noise combo A Handful of Dust (with Alastair Galbraith). He has released solo albums featuring guitar and tape manipulation. , 310/216-1414 (Investors) |
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