Real American Brands Announces New CEO, Directors & Reverse Stock Split

NEW YORK, June 2, 2011 /PRNewswire/ -- Real American Brands, Inc. (RLAB.PK) today announced a change of its business plan and operations, and a 20 to 1 reverse stock split.

According to CEO, Doug Newton, "These moves are being made in order to provide the company with more diversity, increased growth potential and to bring greater overall value to our shareholders."  Further details of the reverse stock split will be announced soon.  

As part of the company's new expanded direction and initiatives, Newton said he will be turning over his CEO and director duties to Richard E. Goulding, M.D. effective immediately.

Dr. Goulding has been an independent investor, businessman and physician from 1984 to the present and is currently  Medical Director for Physhield Insurance Exchange and a Member of the Physhield Subscribers Advisory Committee and a Director of Phyhealth Corporation and of Phyhealth Underwriters.  

Dr. Goulding, who was Chief of Otolaryngology at Holmes Regional Medical Center, Melbourne, Florida, holds a Bachelor of Science degree from the University of Florida and a Doctor of Medicine degree from Loyola University.

Newton also announced today that Howard Salamon will assume the position of Vice President, Treasurer and Corporate Secretary  for the company effective June 2, 2011.  For the last 10 years, Mr. Salamon has worked with private and public companies in investor relations and company accountability.  He holds a General Securities Representative Series 7 License, and will be joining Dr. Goulding as a director of the company.

Mr. Newton said he is very excited to bring these two individuals to the management of RLAB.  Details of the company's new and expanded business plan will be announced soon.

Forward-Looking Statements:

Statements about RLAB's future expectations, including future revenues and earnings, and all other statements in this news release other than historical facts are "forward-looking statements." Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from the company's plans if its assumptions prove to be incorrect or for a variety of other reasons.

Contact:

Howard Salamon, VP and Director

Real American Brands, Inc.

516-371-9440

[e-mail]

SOURCE Real American Brands, Inc.

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