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AMS Health Sciences, Inc. (AMEX:AMM) today announced
that John Hail has retired from his positions as Chairman and Chief
Executive Officer of AMS effective immediately. Mr. Hail will become a
consultant of the Company and will continue to be involved with the
Company's marketing efforts.
The Board of Directors held a meeting February 12, 2006 in the
wake of Mr. Hail's retirement and appointed Jerry W. Grizzle and Robin
L. Jacob to fill vacancies on the Company's Board of Directors.
Additionally, the Board appointed Mr. Grizzle as Chairman of the
Board, President and Chief Executive Officer and Ms. Jacob as Vice
President, Secretary, Treasurer and Chief Financial Officer. Prior to
their appointments Mr. Grizzle was serving as President of the Company
and Ms. Jacob was serving as interim Chief Financial Officer and
Assistant Secretary of the Company.
Jerry W. Grizzle, age 52, has served as President of the Company
since January 25, 2006. Mr. Grizzle has served as President/CEO of
Orbit Finer Foods, Skolniks, and, most recently, CD Warehouse. Mr.
Grizzle resigned from CD Warehouse on October 31, 2001 to resume
active duty after the September 11, 2001 attacks. Mr. Grizzle served
as the Commander of Joint Task Force Civil Support from October 2001
until his release from active duty in December 2004. Mr. Grizzle
retired from the military in 2005. Mr. Grizzle holds a Bachelor of
Science Degree in Accounting from Southwestern Oklahoma State
University, an MBA from the University of Central Oklahoma, and a
Ph.D. in Marketing from Oklahoma State University.
Robin L. Jacob, age 40, has served as interim Chief Financial
Officer of the Company since December 9, 2005. Prior to that time, Ms.
Jacob served as Controller of the Company from May 2001, and was
appointed Assistant Secretary of the Company in September 2002. Ms.
Jacob holds a Bachelor of Science Degree in Accounting from East
Central Oklahoma State University, an MBA in Finance from Oklahoma
City University, and is a Certified Public Accountant licensed in the
state of Oklahoma.
Delivery of Plan to AMEX
The Company also announced that on February 13, 2006, the Company
timely submitted a plan to the American Stock Exchange (the "AMEX")
detailing the steps that it is taking to regain compliance with the
AMEX's continued listing standards. The AMEX has forty-five (45) days
from its receipt of AMS's plan to accept or reject the plan.
About AMS
AMS Health Sciences sells more than 60 natural nutritional
supplements, weight management products and natural skincare products
through independent distributors across the U.S. and Canada. More
information about the Company is available at
http://www.amsonline.com.