Guardion Health Sciences Appoints Seasoned Nutritional Solutions Field Chief Bret Scholtes …

SAN DIEGO, Dec. 28, 2020 (Globe NEWSWIRE) — Guardion Overall health Sciences, Inc. (Nasdaq: GHSI) (“Guardion” or the “Company”), a specialty overall health sciences corporation that develops clinically supported nourishment, healthcare foods and professional medical gadgets, with a concentrate in the ocular wellbeing marketplace, these days announces the appointment of Bret Scholtes, a veteran of the dietary products and solutions market for almost a decade, as its President and Main Government Officer, and as a member of the Board of Administrators, commencing January 6, 2021.

“We are delighted to welcome Bret to Guardion Wellness Sciences. We imagine that his demonstrated organization acumen and comprehensive practical experience in the dietary merchandise business will serve to usher Guardion into a new era of expansion and achievement,” commented Robert Weingarten, Chairman of the Board of Guardion Wellness Sciences. “Bret’s accomplishments as a leader of a NYSE-shown nutritional merchandise company include major and sustained income and earnings development, a productive acquisition and integration technique, and ultimately a important liquidity event for its community stockholders. We consider that Bret’s encounter will deliver the tools and leadership techniques that Guardion requires to build and execute both around-phrase and extended-term business enterprise strategies targeted on product and market place growth that will translate into profits expansion and in the long run profitability. We consider that these efforts will ultimately drive stockholder price.”

Mr. Weingarten ongoing, “We have structured Bret’s compensation bundle in a way that aligns his strategic concentration with the primary purpose of our shareholders, which is to increase stockholder worth. The Board also thanks Dr. David Evans for his valuable stewardship though serving as the Company’s interim President and Chief Govt Officer through these remarkable instances.”

Mr. Scholtes has spent the final 9 several years as CEO of Omega Protein Company (“Omega”), a global dietary goods firm which traded on the New York Stock Exchange until finally it was properly bought to a strategic purchaser in late 2017. Omega operated branded and private label ingredient corporations with a lot more than 1,100 personnel. All through his time at Omega, annualized revenues elevated by 55%, EBITDA grew by a lot more than 70%, and Omega’s inventory value greater by approximately 260%. In addition, Mr. Scholtes spearheaded the acquisition of four firms, which added roughly $125 million to revenues by way of complementary solution lines, introduced much more than 40 new merchandise, and expanded effectively into a number of new markets. Prior to his time at Omega, Mr. Scholtes served as Vice President, Origination at GE Electricity Fiscal Products and services, wherever he co-originated acquisitions with a mixed organization worth of more than $4 billion. He has also held quite a few company progress and community accounting positions, including periods at Selling price Waterhouse and Arthur Andersen & Co. Mr. Scholtes holds a Master of Enterprise Administration diploma from New York College, a Bachelor of Science degree in Accounting from the University of Missouri, and is a certified general public accountant.

Mr. Scholtes commented, “I was promptly attracted to Guardion Overall health Sciences for its scientifically-tested dietary products and healthcare meals, put together with a item line of proof-primarily based diagnostic systems, which collectively supply an exquisite mix of products and solutions and systems that mirror what we have observed in other cure spots coated by the pharmaceutical and diagnostic spaces. The current market place surroundings provides a number of troubles, from acceptance of the science driving clinical foods and dietary dietary supplements, to distribution difficulties that emerged from the COVID-19 pandemic, to growing our markets in Asia and other territories. Having said that, I am confident that my encounter can assist travel Guardion’s productive implementation of its enterprise designs and aims based on evidence-based protocols, and I glimpse ahead to doing the job with Guardion’s management group and administrators to generate existing solutions into the market and bring unique and powerful new products to the market place to help the wellbeing and very well-getting of its clients.”

About Guardion Health Sciences

Guardion is a specialty health and fitness sciences corporation that develops clinically supported nourishment, professional medical foods and healthcare devices, with a concentrate in the ocular health and fitness market. Located in San Diego, California, the Corporation combines targeted nourishment with modern, evidence-based mostly diagnostic technological innovation. Guardion boasts extraordinary Scientific and Health-related Advisory Boards. Details and danger things with regard to Guardion and its company, like its skill to efficiently produce and commercialize its proprietary merchandise and systems, may well be acquired in the Company’s filings with the SEC at www.sec.gov.

Forward-Seeking Assertion Disclaimer

With the exception of the historical info contained in this news release, the matters described herein could include ahead-on the lookout statements in just the meaning of Area 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that normally include things like the phrases “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and equivalent expressions or foreseeable future or conditional verbs this sort of as “will,” “should,” “would,” “may” and “could” are commonly ahead- seeking in mother nature and not historic info, though not all ahead-looking statements incorporate the foregoing. These statements involve mysterious challenges and uncertainties that may perhaps individually or materially effect the matters reviewed herein for a assortment of good reasons that are outdoors the command of the Firm, together with, but are not limited to, the Company’s ability to raise adequate funding to apply its business approach, the integration of a new management workforce, the impact of the COVID-19 pandemic on the Company’s small business, functions and the economic system in typical, and the Company’s capacity to efficiently acquire and commercialize its proprietary merchandise and technologies. Visitors are cautioned not to area undue reliance on these ahead- seeking statements, as true outcomes could vary materially from all those described in the ahead-wanting statements contained herein. Readers are urged to browse the hazard elements set forth in the Company’s filings with the SEC, which are out there at the SEC’s web page (www.sec.gov). The Business disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new info, long run events or otherwise.

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