Smart for Life Appoints Prominent Industry Executive David Trosin to Company’s Advisory Board
24 Abril 2024 - 9:30AM
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,
announced today that it has appointed David Trosin, the Managing
Director of Health Sciences Certification at NSF International, to
the Company’s advisory board.
“David Trosin joins Smart for Life with decades
of industry experience, and a career providing certification and
risk management solutions to international clients, retailers and
professional sporting organizations around the world,” said Darren
Minton, CEO of Smart for Life. “We are excited to have David join
our advisory board and strongly believe that he will bring a unique
and committed sense of purpose and perspective to the team.”
David Trosin is the Managing Director of NSF
International’s health sciences certification program, which
includes Certified for Sport®. He has 20 years of industry
experience, including over a decade of expertise in dietary and
sports supplements. David leads a team whose focus is providing
companies the most current and credible auditing, testing,
certification and, separately, training services available to the
dietary supplement, functional food, beverage, cosmetics and OTC
drug industries. Through his work at NSF he has helped hundreds of
companies achieve their safety and quality goals, gain access to
retailers and professional sports organizations, and cultivate
trust among consumers.
“Discovering new ways to bring people together
in the pursuit of health, wellness, and compliance in the
nutraceutical industry is incredibly important to me and I am
pleased to join the Smart for Life advisory team as part of that
endeavor,” said Mr. Trosin. “I’ve been fortunate to have had the
opportunity to foster connections and collaborate with amazing
colleagues through the years to grow our industry and look forward
to providing my insight and knowledge with cGMP and certification
initiatives with respect to Smart for Life and their acquisitions
and they expand their manufacturing footprint and consumer brands
as well.”
“There is no denying the significant positive
impact that David and his many initiatives at NSF have had on the
nutraceutical industry,” Mr. Minton continued. “Our executive team
is looking forward to collaborating with David and our advisory
board members to help us shape the direction of our future product
offerings and growth opportunities at Smart for Life.”
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 & Wellness. Structured as a
publicly held holding company, the Company is executing a
Buy-and-Build strategy with serial accretive acquisitions creating
a vertically integrated company. 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 recently
concluded the execution of a restructuring plan including
recapitalization of the Company with equity and debt financings,
the sale of certain non-performing assets, the sale and leaseback
of the Company’s 18,000 sq. ft. Doral manufacturing facility and
the successful liquidation of the Company’s senior debt facility.
In addition, the Company converted substantial debt obligations to
equity materially improving the Company’s balance sheet. The
Company has signed a definitive agreement for the acquisition of
Purely Optimal Nutrition, which is expected to add additional
revenue and EBITDA. For more information about Smart for Life,
please visit: www.smartforlifecorp.com.
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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