Health Sciences Group Appoints New CEO; Branding Expert and Change Agent to Lead Company into New Direction
05 Juli 2006 - 2:30PM
Business Wire
Health Sciences Group, Inc. (OTCBB:HESG), provider of innovative
health and wellness products, today announced that the Board of
Directors has appointed Stuart Gold as its Chief Executive Officer.
Mr. Gold is expected to accelerate the execution of a new growth
strategy and build shareholder value. Fred E. Tannous, former CEO,
will assume the position of Chief Financial Officer. Recognizing
the need for experienced, industry-specific leadership, the Board
of Directors set out to find and recruit a "change agent" to
spearhead the Company's new strategic direction. Under Mr. Gold's
leadership, driven by a clear and passionate vision, the new
business of Health Sciences Group will be assertive about aligning
strategy and action and using game-changing innovation and
implementation to catapult products forward to capture new market
share and deliver revenues and profits. "The appointment of Stuart
as CEO is a defining moment for the Company," said Fred E. Tannous,
Co-Chairman and CFO of Health Sciences Group. "From the beginning
of our search, the Board's objective was to identify and select an
innovative commander and creative talent who could build on the
strengths and opportunities of our proprietary, patented
technologies and products. We considered many highly qualified
candidates for this position and with Stuart Gold, we believe have
met our objective." Tannous continued, "Stuart is an
internationally recognized branding evangelist with a remarkable
track record of assertive leadership, innovation, brand building
and revenue growth in the wellness sector. Not only has he
dedicated his career to creating products that support and enhance
healthy living, but he has a proven track record of building and
managing successful enterprises. As the new CEO of Health Sciences
Group, we believe he will make a tremendous, positive impact by
executing on many fronts including establishing new distribution
channels for our products and accelerating revenues and earnings
which are expected to translate into improved shareholder value. We
are very excited to have Stuart on board." "I am pleased to be part
of a company that is on the forefront of making wellness a matter
of choice not a matter of chance," said Gold. "With the general
health of the United States reaching crises level, the demand for
healthier lifestyles, to stay healthy longer, to prevent future
illness and to look and feel better, personal wellness and
preventative healthcare is becoming a flourishing market. I believe
Health Sciences Group is uniquely positioned to take advantage of
the opportunity. By bringing to market products with a purpose, we
will answer the booming demographic appetite for health and
wellness, helping to make healthstyle the new lifestyle. I'm
looking forward to leading Health Sciences toward a path of
improved shareholder value." Formerly, Mr. Gold was the Chief
Operating Officer of The Republic of Tea and is acknowledged as one
of the innovative gurus behind the success of the Novato,
California based company. Co-founded in 1992 by the creators of The
Banana Republic, The Republic of Tea was a small fledgling company
when Gold joined. Shortly thereafter, Gold helped to create a Tea
Revolution in America. With Mr. Gold as the lauded editorial voice
for the company's award winning mail order catalogue, website and
line of innovative products, The Republic of Tea spawned the
entirely new food category of specialty tea and continues to thrive
with enormous success as the industry leader. Gold oversaw all
aspects of the company's business and was instrumental in the
company's brand building, marketing and product development
strategies that have made The Republic of Tea one of the most
successful and fastest growing specialty brands in America today.
Stuart Gold is an entrepreneur, author, future-finder and both
imaginer and champion of imagineers. An international best selling
author, Stuart is recognized as an architect of change and branding
evangelist whose unique insights, strategies and strong bias for
action have become a blueprint of inspiration and motivation for
entrepreneurs, team managers and business leaders on how to succeed
through vibrant and innovative ideas. About Health Sciences Group,
Inc. Health Sciences Group identifies, develops and commercializes
innovative nutritional and functional products from natural sources
to provide consumers and health professionals with personal
wellness and preventative healthcare options. With a commitment to
instill health, happiness and well-being into every life, we are
dedicated to making a dramatic positive impact on men, women and
children everywhere by becoming the premier provider of innovative
functional foods, beverages and natural-based nutraceutical and
cosmeceutical products. We market our own line of proprietary
products based on novel technologies with clinically-supported,
GRAS-certified ingredients under the Health Sciences Group, Swiss
Research(TM) and Swiss Diet(TM) brand names. For more information,
visit www.HealthSciencesGroup.com, www.SwissDiet.com,
www.Sequesterol.com and www.Shugr.com. This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of
1934 that are based upon current expectations or beliefs, as well
as a number of assumptions about future events. Although the
Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such
expectations and assumptions will prove to have been correct. The
reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to
numerous factors and uncertainties, including without limitation,
the independent authority of the special committee to act on the
matters discussed, the successful negotiation of the potential
acquisition and disposal of transactions described above,
successful implementation of the company's business strategy and
competition, any of which may cause actual results to differ
materially from those described in the statements. In addition,
other factors that could cause actual results to differ materially
are discussed in the Company's most recent Form 10-QSB and Form
10-KSB filings with the Securities and Exchange Commission.
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