Smart for Life Inaugurates High Level Advisory Board
02 August 2023 - 3:15PM
Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the
“Company”), a global leader in the Health & Wellness sector
marketing and manufacturing nutritional supplements and foods
worldwide, announced today that it has formed a high-level
advisory board to advance the commercial roll-out of its growing
portfolio of health and wellness products. Sarah A. Sporn, Ph.D.,
has been named Chairwoman.
The board’s responsibilities will include input
to the Smart for Life Board of Directors and senior management of
the Company on product development and testing, brand marketing,
corporate restructuring, advising on prospective M&A
transactions, networking and corporate messaging.
Sarah Sporn, Ph.D., will serve as the Chairwoman
of Smart for Life’s advisory board. Dr. Sporn is a scientist with a
Doctorate in Microbiology and Immunology and a Bachelor of Science
degree in Microbiology. Her accomplishments in biotechnology
include R&D, operations and project management, as well as
serving as director of a biological reagent laboratory providing
high-quality biological and biochemical extracts and purified
products to pharmaceutical companies. In addition, Dr. Sporn is a
skilled writer, having published numerous scientific research
articles and submitted successful grant proposals, having been
issued a U.S. patent (co-inventor), as well as having presented at
national and international scientific conferences.
Additional advisory board members include:
- Barry T.
Cervantes, retired insurance industry principal, Certified
Life Coach and experienced board director;
- Philip C. Meade,
CPA, managing CPA partner of Bisselle Meade & Company
LLP;
- Ryan S. Hazel,
M.S., Global Chief Engineer at Ford Motor Company;
- Thomas Calkins,
insurance executive and real estate developer;
- Steven R. Straub,
financier and investor;
- Richard Cohen,
investor, experienced board director, advisor, former CPA
“Formation of this advisory board is an
important milestone for Smart for Life,” said Darren Minton, CEO
for the Company. “We have enlisted a highly competent group of
industry leaders with exceptionally diversified backgrounds, all of
whom have been quite successful in their respective fields. Their
backgrounds range from a doctorate in microbiology and immunology
to a certified life coach, from a successful insurance executive to
a global chief engineer at a top automotive company.”
A.J. Cervantes, Executive Chairman of the
Company, further noted, “This advisory board is a compilation of
renowned executives that will act as a sounding board and support
strategic initiatives aimed at rapidly scaling businesses. A
well-structured advisory board with best practice principles allows
people in the organization to test their strategic thinking and
access expertise or connections that may not be readily available
via other means.”
Mr. Minton concluded, “The purpose of most
advisory boards is to help an organization gain new insights and
advice to solve business problems or explore new opportunities by
stimulating robust, high-quality conversations. The role of an
advisory board is not to make decisions, but rather to provide
current knowledge, critical thinking and analysis to increase the
confidence of the decision-makers who represent the company. We
look forward to working closely with the advisory board to further
advance our Company.”
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged
in the development, marketing, manufacturing, acquisition,
operation and sale of a broad spectrum of nutritional and related
products with an emphasis on health and wellness. Structured as a
publicly held global holding company, the Company is executing a
Buy-and-Build strategy with serial accretive acquisitions creating
a vertically integrated company with an objective of aggregating
companies generating a minimum of $300 million in revenues by the
fourth quarter of 2026. To drive growth and earnings, Smart for
Life is developing proprietary products as well as acquiring other
profitable companies, encompassing brands, manufacturing and
distribution channels. The Company currently operates five
subsidiaries including Doctors Scientific Organica, Nexus Offers,
Bonne Santé Natural Manufacturing, GSP Nutrition/Sports Illustrated
Nutrition and Ceautamed Worldwide/Greens First. For more
information about Smart for Life, please visit:
www.smartforlifecorp.com.
Video regarding the Company’s manufacturing facility at Bonne
Santé Natural Manufacturing is available at:
www.bonnesantemanufacturing.com/video.
Investor material and a Fact Sheet with additional information
about Smart for Life is available at:
www.smartforlifecorp.com/investor-center.
Forward-Looking Statements
This press release may contain information about
our views of future expectations, plans and prospects that
constitute forward-looking statements. All forward-looking
statements are based on management’s beliefs, assumptions and
expectations of Smart for Life’s future economic performance,
taking into account the information currently available to it.
These statements are not statements of historical fact. Although
Smart for Life believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Smart
for Life does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. No assurances can be made that Smart for Life
will successfully acquire its acquisition targets. Forward-looking
statements are subject to a number of factors, risks and
uncertainties, some of which are not currently known to us, that
may cause Smart for Life’s actual results, performance or financial
condition to be materially different from the expectations of
future results, performance or financial position. Actual results
may differ materially from the expectations discussed in
forward-looking statements. Factors that could cause actual results
to differ materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions and other risks set forth in “Risk Factors”
included in our filings with the Securities and Exchange
Commission.
Disclaimer
The information provided in this press release
is intended for general knowledge only and is not a substitute for
professional medical advice or treatment for specific medical
conditions. Always seek the advice of your physician or other
qualified health care provider with any questions you may have
regarding a medical condition. This information is not intended to
diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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