Natrol (NASDAQ:NTOL)
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From Jul 2019 to Jul 2024
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.