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SAN DIEGO, Dec 28, 2020 (World NEWSWIRE by using COMTEX) —
SAN DIEGO, Dec. 28, 2020 (World NEWSWIRE) — Guardion Wellness Sciences, Inc. (Nasdaq: GHSI) (“Guardion” or the “Firm”), a specialty wellness sciences business that develops clinically supported diet, professional medical foodstuff and clinical gadgets, with a concentrate in the ocular wellness market, nowadays announces the appointment of Bret Scholtes, a veteran of the nutritional products business for almost a 10 years, as its President and Chief Govt Officer, and as a member of the Board of Administrators, commencing January 6, 2021.
“We are delighted to welcome Bret to Guardion Wellbeing Sciences. We believe that his tested enterprise acumen and intensive encounter in the nutritional merchandise market will provide to usher Guardion into a new era of growth and success,” commented Robert Weingarten, Chairman of the Board of Guardion Overall health Sciences. “Bret’s achievements as a leader of a NYSE-shown nutritional goods business involve important and sustained revenue and earnings advancement, a prosperous acquisition and integration method, and finally a important liquidity event for its public stockholders. We believe that that Bret’s encounter will give the equipment and management skills that Guardion necessitates to develop and execute both of those near-expression and for a longer time-phrase business enterprise strategies focused on solution and marketplace development that will translate into income growth and in the long run profitability. We imagine that these endeavours will ultimately generate stockholder worth.”
Mr. Weingarten continued, “We have structured Bret’s compensation offer in a way that aligns his strategic aim with the primary goal of our shareholders, which is to maximize stockholder value. The Board also many thanks Dr. David Evans for his useful stewardship though serving as the Company’s interim President and Chief Government Officer throughout these amazing times.”
Mr. Scholtes has invested the last 9 yrs as CEO of Omega Protein Corporation (“Omega”), a global nutritional solutions company which traded on the New York Inventory Trade until finally it was successfully offered to a strategic consumer in late 2017. Omega operated branded and personal label component corporations with a lot more than 1,100 workforce. Throughout his time at Omega, annualized revenues enhanced by 55%, EBITDA grew by much more than 70%, and Omega’s stock cost enhanced by approximately 260%. In addition, Mr. Scholtes spearheaded the acquisition of 4 providers, which additional around $125 million to revenues as a result of complementary product traces, released far more than 40 new items, and expanded effectively into several new marketplaces. Prior to his time at Omega, Mr. Scholtes served as Vice President, Origination at GE Vitality Money Products and services, in which he co-originated acquisitions with a combined business price of extra than $4 billion. He has also held quite a few company development and general public accounting positions, such as periods at Cost Waterhouse and Arthur Andersen & Co. Mr. Scholtes holds a Master of Company Administration degree from New York College, a Bachelor of Science diploma in Accounting from the University of Missouri, and is a licensed community accountant.
Mr. Scholtes commented, “I was right away attracted to Guardion Wellness Sciences for its scientifically-verified dietary solutions and medical foods, merged with a merchandise line of evidence-primarily based diagnostic technologies, which jointly present an classy combination of goods and technologies that mirror what we have witnessed in other treatment parts covered by the pharmaceutical and diagnostic spaces. The recent market surroundings offers multiple difficulties, from acceptance of the science at the rear of health care foods and nutritional supplements, to distribution problems that emerged from the COVID-19 pandemic, to expanding our markets in Asia and other territories. On the other hand, I am self-assured that my encounter can assist push Guardion’s profitable implementation of its small business designs and aims based mostly on proof-dependent protocols, and I appear ahead to functioning with Guardion’s administration crew and directors to drive recent solutions into the current market and convey exceptional and powerful new solutions to the marketplace to help the overall health and very well-getting of its prospects.”
About Guardion Wellness Sciences
Guardion is a specialty overall health sciences corporation that develops clinically supported diet, professional medical food items and clinical equipment, with a concentration in the ocular health marketplace. Located in San Diego, California, the Organization combines qualified nutrition with innovative, proof-centered diagnostic technological know-how. Guardion boasts spectacular Scientific and Health-related Advisory Boards. Facts and threat components with respect to Guardion and its business, which includes its ability to correctly develop and commercialize its proprietary products and technologies, may well be received in the Firm’s filings with the SEC at www.sec.gov.
Forward-Hunting Assertion Disclaimer
With the exception of the historical info contained in this information launch, the matters described herein may perhaps contain forward-looking statements within the which means of Portion 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. Statements preceded by, adopted by or that otherwise involve the phrases “thinks,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “designs” and similar expressions or long run or conditional verbs such as “will,” “must,” “would,” “may” and “could” are commonly forward- seeking in mother nature and not historical details, though not all forward-wanting statements include the foregoing. These statements include unidentified pitfalls and uncertainties that may possibly independently or materially affect the matters talked about herein for a variety of explanations that are outside the control of the Firm, which includes, but are not limited to, the Company’s capacity to elevate sufficient financing to put into practice its company prepare, the integration of a new management crew, the influence of the COVID-19 pandemic on the Firm’s business enterprise, functions and the economy in normal, and the Firm’s skill to properly acquire and commercialize its proprietary goods and technologies. Visitors are cautioned not to place undue reliance on these ahead- looking statements, as real effects could vary materially from people explained in the forward-wanting statements contained herein. Readers are urged to go through the danger variables established forth in the Company’s filings with the SEC, which are obtainable at the SEC’s site (www.sec.gov). The Business disclaims any intention or obligation to update or revise any forward-on the lookout statements, whether as a final result of new information, upcoming gatherings or in any other case.
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