VISTA,
Calif., Aug. 7, 2024 /PRNewswire/ -- NUZEE, INC.,
（"NUZEE" or the "Company") （NASDAQ：NUZE）a Company that used to
focus on specialty coffee and technologies, is expanding its sales
and distribution channels in Asia
for various types of consumer food and beverage products, fueled
with its online sales platform utilizing the natural language
search function, one type of artificial intelligence applications.
Today, the Company announced that it has changed the senior
management and the Board has decided to add a new line of business-
selling and distributing maca infused food and beverage products in
a number of Asian countries. The recent adjustments of the
executive officers and board members, among others, include: i）Ms.
Jianshuang Wang appointed as the Chairman of the Board of Directors
and the Co-Chief Executive Officer, and ii) Mr. Randy Weaver promoted to the Co-Chief Executive
Officer in addition to acting as the Company's Chief Financial
Officer. The new Senior Management is experienced in corporate
management and aims to integrate the company's global resources to
accelerate the Company's sales and distribution and overall
business development.
Ms. Jianshuang Wang joined a U.S. listed company (then WeTrade
Group Inc., former ticker symbol "WETG," and now Next Technology
Holding Inc. under current ticker symbol "NXTT") in 2021 and
has been serving as the legal representative of its Chinese
subsidiary and the director of its Hong
Kong subsidiary. During her tenure, she has been responsible
for human resources management and supervising the administrative
and operational management.
Mr. Randy Weaver has held various
senior management positions, such as the Chief Financial Officer at
Microcomputer Memories, Inc., Chief Financial Officer at Bimbo
Bakeries USA, President and Chief
Financial Officer at Natural Alternatives International, Chief
Financial Officer of Neptune Wellness Solutions, Inc. and President
of Reinvention Unlimited, Inc. Mr. Weaver received an undergraduate
degree from California State University-
Northridge and a graduate degree from the University of
Santa Monica.
Since July 2024, NUZEE has been
undergoing its digital marketing, distribution and sales
transformation and has extended its sales and distribution network
to maca infused food and beverages, committed to reshaping the
development of the online marketing, sales and distribution for
consumer products.
Since July, 2024, NUZEE has successfully secured the exclusive
distribution and sales right for all maca products produced by
Jiangsu Kangduoyuan Beverage Co., Ltd., one of the leading maca
production bases in Asia,
including maca peptide coffee, macanoli fruit beverage, maca wine,
maca purified powder, and other full-range products. Through a
fully developed digital marketing plan, NUZEE is confident to
achieve global sales growth and enable the Company to obtain
greater enterprise value. However, there is no guarantee that these
efforts will result in the anticipated sales growth or increased
enterprise value.
Maca, is a plant of the deciduous family that originated in
South America. Oval leaves,
rootstock shape like small round radish, edible, maca is a natural
food. It is rich in nutrients, high in unit nutrients, and has the
function of nourishing and strengthening human bodies, and has the
reputation of "South American ginseng." The main growing areas are
the Andes in South America and the
Jade Dragon Snow Mountain in Lijiang, Yunnan, China.
Ms. Jianshuang Wang, Co- Chief Executive Officer of
NUZEE，commented that, "NUZEE plans to transform to a leading
digital marketing, sales and distribution company for consumer
products. We have a professional team to help our business partners
achieve greater value. In the future, we are planning to work with
more business partners to develop business opportunities and create
greater value for our business partners and shareholders."
About NUZEE, INC.
NUZEE, INC. is a digital marketing, sales and distribution
company for various consumer products with focuses on food and
beverages. Dedicated to reshaping the digital marketing and
distribution with artificial intelligence applications, the Company
endeavors to create greater commercial value for its business
partners and therefore enhance its own enterprise value and
shareholders' value of their stake in the Company. The Company has
a professional brand and marketing management system, which can
quickly help partnering enterprises achieve the connection,
management, and operation of marketing channels domestically and
globally.
Forward-Looking Statements
This press release contains information about the Company's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ
materially from historical results or those indicated by these
forward-looking statements as a result of a variety of factors
including, but not limited to, risks and uncertainties associated
with its ability to raise additional funding, its ability to
maintain and grow its business, variability of operating results,
its ability to maintain and enhance its brand, its development and
introduction of new products and services, the successful
integration of acquired companies, technologies and assets into its
portfolio of products and services, marketing and other business
development initiatives, competition in the industry, general
government regulation, economic conditions, dependence on key
personnel, the ability to attract, hire and retain personnel who
possess the technical skills and experience necessary to meet the
requirements of its clients, and its ability to protect its
intellectual property. The Company's encourages you to review
other factors that may affect its future results in the Company's
annual reports and in its other filings with the Securities and
Exchange Commission.
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SOURCE NUZEE, INC.
