Naturade Inc. Names Stephen Kasprisin Chief Financial Officer.Business Editors IRVINE, Calif.--(BUSINESS WIRE)--March 25, 2003 Naturade Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NRDC NRDC Natural Resources Defense Council NRDC National Research and Development Centre (Institute of Education, London) NRDC National Realty & Development Corp. ), a leading marketer of soy protein Soy protein is generally regarded as the storage protein held in discrete particles called protein bodies which are estimated to contain at least 60–70% of the total soybean protein. products under the Naturade Total Soy(R) brand name, today announced the appointment of Stephen Kasprisin as chief financial officer. He will report to CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bill Stewart There have been different notable people named Bill Stewart:
Kasprisin, who succeeds former CFO See Chief Financial Officer. Larry Batina, brings more than 20 years of experience in progressive leadership roles to Naturade, including financial management of consumer products sold to the food and drug trade and in manufacturing businesses. He previously held CFO positions with Acorn Products Inc., in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. ; with Outsource Merchandising Corp. in Commerce, Calif.; and, most recently, with Clinicon Corp. in Carlsbad, Calif. He is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , with Big Four audit experience at Coopers & Lybrand (PricewaterhouseCoopers). "Mr. Kasprisin's experience in public reporting and SEC filing and his success in completing nine acquisitions and three divestitures will be of significant value as we seek to grow our business through either a merger or acquisition," said Stewart. "He will be an asset in providing financial modeling and entrepreneurial insight to the daily decision-making process at Naturade." Kasprisin was brought to Naturade after a thorough search and interview process conducted by Tomilee Gill, president of Executives Unlimited Inc. (EUI EUI European University Institute EUI Escuela Universitaria de Informática (Spain) EUI Extended Unique Identifier (networking devices) EUI Energy Use Intensity (DoE, EIA) ), in Long Beach, Calif. EUI is a premier provider of highly accomplished senior level executives worldwide through its regional offices in New Jersey, Connecticut, Chicago and California. With headquarters in Irvine, Naturade -- since 1926 -- has been committed to marketing innovative natural products to improve the health and well being of consumers. Well-known for its 50 years of leadership in soy protein, Naturade is the number one brand name of natural soy protein powders sold in food, drug and mass merchandise stores. Its premier product, Naturade Total Soy, is a complete line of ready-to-drink, bars and shake mix meal replacement products sold at major supermarkets and drug, health food, club and mass merchandise stores throughout the United States. The company's other products include, Power Shake(R), Quick Fizz(TM) and Aloe Vera aloe vera n. 1. A species of aloe (Aloe vera) native to the Mediterranean region. 2. The mucilaginous juice or gel obtained from the leaves of this plant, used in pharmaceutical preparations for its soothing and healing 80(R). For more information, visit www.naturade.com. Note: The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain forward-looking statements. The statements contained in this news release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company, including, without limitation, statements concerning the company's strategies and initatives to improve business results. There can be no assurance that future developments affecting the company will be those anticipated by the company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. These factors include the impact of government regulations, less stable demand in the mass market, variability of quarterly earnings, business interuption due to terrorism, ability to continue as a going concern and potential future earnings losses, dependence on key customers, dependence on current and ongoing financing, dilution due to future equity sales, technological changes, dependence on third-party manufacturers, pricing pressures and other competitive factors, dependence on qualified personnel, product liability exposure, inability to identify strategic growth partners, instability of the dietary supplement industry, impact of adverse publicity, limited success of new products, insufficient protection of intellectual property, stock price volatility and close control of company stock. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed discussion of some of the ongoing risks and uncertainties of the company's business, see the company's filings with the Securities and Exchange Commission. |
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