Smart for Life Appoints Prominent Industry Executive David Trosin to Company's Advisory Board
MIAMI, April 24, 2024 (GLOBE NEWSWIRE) -- 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.
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