Joel A. Katz Joins Natrol Board of Directors; Renowned Entertainment Attorney Joins Natrol Board
22 September 2006 - 7:32AM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor
of nationally branded nutritional products, today announced that
Joel A. Katz has joined Natrol's Board of Directors. "Advancing
Natrol and its new corporate initiatives requires creative business
thinking," stated Wayne Bos, President and CEO of Natrol. "Joel
Katz has a keen sense about business and business strategy that
extends beyond the entertainment industry to other leading global
corporations. His skills and interaction with the Board of
Directors will facilitate the reshaping of our company." Mr. Katz
is a leader in the field of entertainment law. In 1971, he founded
Katz, Smith & Cohen, one of the nation's largest music
entertainment law firms. In 1998, Mr. Katz merged his practice with
Greenberg Traurig, Atlanta, where he is now co-managing shareholder
and global chair of the international entertainment practice. Mr.
Katz's clients include some of the world's most well known
recording artists, music producers, record companies, concert
promoters, Fortune 500 companies (such as The Coca Cola Company,
Anschutz Entertainment Group, Starwood Hotels and Resorts, MTV
Networks, and Nokia Corporation), The National Academy of Recording
Arts and Sciences and The Country Music Association. Elliott
Balbert, Executive Chairman and Founder, added, "Mr. Katz brings an
outstanding track record of corporate board representation that
will serve the shareholders and management of Natrol extremely
well. I am pleased to welcome him to our board." "I have been a
great believer in Natrol and its products for many years,"
responded Joel Katz. "I am delighted to join the Board of
Directors, Elliott Balbert and Wayne Bos in the new direction they
have expressed for the Company. Natrol is a very vibrant and
forward-thinking enterprise, and I am looking forward to being a
part of it." About Natrol Founded in 1980, Natrol, Inc.
(NASDAQ:NTOL) is a diversified nutrition company that manufactures
and distributes premium branded nutritional supplements, herbal
teas and sports nutrition products under the Natrol(R), Laci Le
Beau(R) and Prolab(R) brands, respectively. Natrol markets
approximately 50 product categories with more than 500
stock-keeping units (SKU's) designed to meet a wide range of
consumer needs. The products are available at thousands of 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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