Natrol Elects Ralph Simon to Its Board of Directors; Brings Proven Expertise in Global Strategic Corporate Development
04 May 2006 - 8:37AM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a leading manufacturer and distributor
of nationally branded nutritional products, today announced the
election of Ralph Simon to its Board of Directors. "Ralph Simon
joins our Board at a time when Natrol is entering an important
global developmental phase," said Wayne Bos, President and Chief
Executive Officer of Natrol. "He brings a wealth of experience in
strategic corporate development and trans-cultural awareness. In
particular, his experience in the global entertainment and mobile
content industry will help us as we carefully evaluate building and
expanding Natrol's branded products into wider international
markets." "Natrol holds a market leadership position in many of its
product categories," Mr. Simon observed. "The Company's commitment
to the highest quality nutritional supplement products is a
valuable platform from which to penetrate important international
markets and expand its reach and community impact even further. In
an increasingly complex global marketplace, Natrol has recognized
the importance of new media and mobile devices to build brand
confidence and customer loyalty. I am enthused by the highly
competent and professional team that Natrol's leadership is putting
together to deliver clear growth opportunities. Their understanding
of behavioral marketing and its value demonstrates their grasp of
how to build a successful worldwide company." Elliott Balbert,
Founder and Executive Chairman for Natrol, added, "Ralph Simon is
recognized as one of the founders of the modern mobile music and
entertainment industry in the United States, Europe and
Australasia. His experience in growing companies to maximize their
global business opportunities provides a significant advantage to
Natrol." Mr. Simon is President and Chief Executive Officer of The
Mobilium Group and Chairman Emeritus & Founder of the Mobile
Entertainment Forum - Americas (MEF). MEF is the principal global
mobile entertainment trade association and leading advocate for the
mobile entertainment industry. The Mobilium Group is a respected
strategic advisory firm that guides U.S. and international media
companies, networks, and brands to grow revenues and market share
from mobile content, properties and technologies. Mr. Simon was a
major figure in the recording and music publishing industry prior
to his involvement with Mobilium. He was the co-founder of the
Zomba Group and Jive Records, which grew to become the world's most
successful independent record and music publishing company. He also
served as Executive Vice President of Capitol Records, Blue Note
Records and created EMI's New Media business. Mr. Simon is a Fellow
of the Royal Society of Arts in the United Kingdom and a member of
the National Academy of Recording Arts & Sciences in the United
States. About Natrol Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is
a diversified nutrition company that manufactures and markets
premium-branded nutritional products, functional teas and sports
fitness products under the Natrol(R), Laci Le Beau(R) Tea and
Prolab(R) Sports Nutrition labels. Natrol markets more than 200
nutritional products designed to meet a wide range of consumer
needs. The products are available at more than 54,000 food, drug,
mass market and independent health food stores, catalogs and
Internet sites, gyms and specialty stores nationally and in select
foreign countries. For more information, visit www.natrol.com. The
statements made in this press release which are not historical
facts including statements regarding expectations for future growth
of revenue and profits and trends concerning net sales, are forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. As a result of a
number of factors, the Company's actual results could differ
materially from those set forth in the forward looking statements.
Certain factors that might cause Natrol's actual results to differ
materially from those set forth in the forward looking statements
include adverse trends in the dietary supplements industry, intense
competition, adverse effects of unfavorable publicity regarding
particular products or the Company's industry generally, the
Company's dependence on the introduction of successful new
products, the Company's ability to gain market share and shelf
space in each of its distribution channels, the Company
experiencing high rates of product returns, and adverse government
regulation, as well as those factors set forth under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2005 and in the Company's other filings
with Securities and Exchange Commission.
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