Smart for Life Appoints Stuart Benson, JD to the Company’s Newly Launched Advisory Board
2023年8月24日 - 9:30PM
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 appointed Stuart
Benson, JD to the Company’s recently formed high-level advisory
board.
“Stuart has a long and successful career in a
broad array of businesses, with the last 20 years focused on the
nutraceutical industry and more specifically the growth and success
of Ceautamed Worldwide, Smart for Life’s most recent acquisition,”
stated Darren Minton, Smart for Life’s CEO.
“Throughout our time together, I’ve gotten to
know Darren Minton, the Company’s CEO, A.J. Cervantes, the
Company’s Chairman and Alan Bergman, the Company’s CFO and have
developed deep respect for the entire Smart for Life team,” said
Mr. Benson. “The Company is not only aggressively ramping up its
M&A activities, it is now targeting significantly larger and
more profitable companies. For these reasons, I’m excited to join
the Company’s advisory board.”
Mr. Minton concluded, “A highly diversified
advisory board such as this supports our management team in gaining
new insights and advice to solve business problems or explore new
opportunities. The advisory board has not been formed to make
important company decisions, but to provide strategic thinking and
analysis to support the management and the Board of Directors.”
About Stuart Benson, JD
Mr. Benson is a former principal of Ceautamed
Worldwide, LLC, owner of the Greens First line of brand products,
Smart for Life’s acquisition completed on July 28, 2022. Mr. Benson
was also the Chief Executive Officer of Wellness Watchers Global,
LLC. Mr. Benson served as the Chairman and Chief Executive Officer
of Custom Food Concepts, Inc. from 1997 to 2001, a company engaged
in real estate and franchising. He also served as Executive Vice
President of Vital Living Inc. in 2001 and 2002 and served as its
Chief Executive Officer since 2005. He served as Chairman,
President and Chief Executive Officer of Nathan's Famous, Inc. and
the Great Earth Vitamin Store chain. During his tenure at Nathan's
Famous, the company expanded from 14 units to more than 300,
including locations at interstate highways and airports. During Mr.
Benson's tenure at the Great Earth Vitamin Store chain, it grew to
approximately 150 full-service vitamin retail stores throughout the
U.S. and became the second largest vitamin store in the U.S.
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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