Natrol Elects James Peters to Its Board of Directors; Distinguished Accounting Expert Expected to Chair Audit Committee
July 05 2006 - 1:38PM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a leading manufacturer and distributor
of nationally branded nutritional products, today announced the
election of James R. Peters to its Board of Directors. Mr. Peters
is expected to be named Chairman of the Audit Committee. "Jim
Peters brings a wealth of experience across multiple industries
gathered during a distinguished 35-year career in public
accounting," said Wayne Bos, President and Chief Executive Officer
of Natrol. "One of the key pillars of Natrol's growth strategy is
to solidify our core business. As part of that strategy, we are
focused on improving our operating procedures and efficiencies. Jim
will provide valued counsel as we continue to make progress in that
regard." Added Elliott Balbert, Founder and Executive Chairman of
Natrol, "We are also focused upon strategic acquisitions and
partnerships as a key component of our growth strategy. Jim has
experience with countless merger and acquisition transactions. His
knowledge, insight and strategic guidance will be a tremendous
asset to the Board." "I am excited about future growth prospects at
Natrol," stated Mr. Peters. "I look forward to working with its
talented team of executives, many of whom have recently joined the
Company." Mr. Peters, a Certified Public Accountant, is a retired
partner in the audit practice of Ernst & Young, where he began
his career in 1971. He has extensive experience with public and
private companies and initial public offerings in diverse
industries, including retail, distribution, manufacturing, health
sciences, technology, communications and entertainment. Mr. Peters
is a former faculty member of the Directors' Certification Program
at the Anderson School of Business of the University of California,
Los Angeles. He is also a former advisory board member for the
Entrepreneurial Studies program of the University of Southern
California. Mr. Peters is a frequent speaker on entrepreneurship,
mergers and acquisitions, and audit committee best practices. About
Natrol Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a diversified
nutrition company that manufactures and markets premium-branded
nutritional products, herbal teas and sports fitness products under
the Natrol(R), Laci Le Beau(R) and Prolab(R) brands, respectively.
Natrol markets more than 200 nutritional products designed to meet
a wide range of consumer needs. The products are available at more
than 54,000 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.
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