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8-K - CURRENT REPORT - NewAge, Inc. | nbev_8k.htm |
Exhibit 99.1
New Age Beverages Corporation Appoints Gregory A. Gould as Chief
Financial and Administrative Officer
DENVER, CO / ACCESSWIRE / October 12, 2018 / NEW AGE BEVERAGES
CORPORATION (NASDAQ: NBEV), the
Colorado-based organic, natural and healthy functional beverage
company focused on becoming the world's leading healthy beverage
company, today announced the appointment of Gregory A. Gould as its
new Chief Financial and Administrative Officer.
Mr. Gould brings more than 20 years of finance experience to New
Age. Most recently, he was CFO at Evolve Biologics. Prior to Evolve
he was CFO for Aytu Bioscience (AYTU), Ampio Pharmaceuticals
(AMPE), SeraCare Life Sciences and Atrix Laboratories. He led
multiple successful uplistings, financings, mergers and exits in
these firms including the sale of Atrix for $855 million. Prior to
these roles, his first CFO assignment was with Colorado MedTech
that he helped grow more than 300% before selling to a private
equity firm. Mr. Gould began his career at Arthur
Andersen.
Mr. Gould graduated from the University of Colorado with a Bachelor
of Science in Business Administration and is a Certified Public
Accountant. Mr. Gould is also on the Board of Directors and Chair
of the Audit Committee for CytoDyn, Inc (CYDY). He succeeds John
Price, who is departing for personal family
reasons.
Brent Willis, Chief Executive Officer of New Age Beverages
commented, "With the impending growth of our CBD-infused portfolio
and the other products in the Health Sciences Division, we felt we
needed to strengthen our leadership team with more experience in
the Life Sciences and Biotech areas. Greg not only brings almost 20
years of depth in the field, but also brings a track record of
success in both mergers and exits in the sector. He joins us at an
important time when these areas are at the precipice of taking off
at New Age."
About New Age Health Sciences
New Age Health Sciences is dedicated to making a difference for
consumers with healthier alternatives, leveraging its clinical
expertise and extensive intellectual property to create a portfolio
of science-backed, research-driven products that address relevant
health issues for consumers globally. New Age's Health Sciences
intellectual property, funded and developed in conjunction with the
US Department of Defense, encompasses 11 major patents and patents
pending, and cooperative research studies and human trials
performed with some of the most prestigious and respected
institutions in the world. The portfolio and scientific data
underpinning the portfolio allows for verifiable claims and
provides the catalyst for evolution of the beverage industry with
truly functional healthy beverages.
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New Age Health Sciences Division encompasses products addressing
major consumer opportunities including:
●
Hydration and Surgical Recovery
●
Neurological Protection and Improvement
●
Cardiovascular Health
●
Radiation Protection
●
Diabetes Treatment
●
Hearing Health
●
Digestive Health
About New
Age Beverages Corporation (NASDAQ: NBEV)
New Age Beverages Corporation is a Colorado-based healthy
functional beverage company that was created in 2016 and 2017 with
the combination of Búcha Live Kombucha®, XingTea®,
Coco-Libre®, and Marley®, to create a one-stop-shop
solution for retailers and distributors providing healthier
beverages in the disruptive growth segments of the $1
trillion-dollar non-alcoholic beverage industry. In that period,
New Age has become the 54th largest beverage company, one of the
largest healthy beverage companies, and the fastest growing in the
world over the past two years. New Age competes Ready to Drink
(RTD) Tea, RTD Coffee, Kombucha, Energy Drinks, Relaxation Drinks,
Coconut Waters, Functional Waters, and Rehydration Beverages with
the brands Búcha Live Kombucha, Xing, Marley, Coco-Libre,
Aspen Pure, and enhanced. The Company's brands are sold across all
50 states within the US and in more than 15 countries
internationally across all channels via direct and store door
distribution systems.
New Age has exclusively partnered with the world's 5th largest
water charity, WATERisLIFE, to end the world water crisis with the
most innovative technologies available. Donate at WATERisLIFE.com
to help us #EnditToday.
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions 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.
Forward-looking statements are any statement reflecting
management's current expectations regarding future results of
operations, economic performance, financial condition and
achievements of the Company including statements regarding New Age
Beverage's expectation to see continued growth. The forward-looking
statements are based on the assumption that operating performance
and results will continue in line with historical results.
Management believes these assumptions to be reasonable but there is
no assurance that they will prove to be accurate. Forward-looking
statements, specifically those concerning future performance are
subject to certain risks and uncertainties, and actual results may
differ materially. New Age Beverages competes in a rapidly growing
and transforming industry, and other factors disclosed in the
Company's filings with the Securities and Exchange Commission might
affect the Company's operations. Unless required by applicable law,
NBEV undertakes no obligation to update or revise any
forward-looking statements.
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