LARGO, Fla., Aug 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- GeoPharma, Inc. (GORX) announced today that it has appointed Robert A. Herrmann, President of its nutraceutical manufacturing division Innovative Health Products, Inc. Mr. Herrmann will direct all nutraceutical manufacturing and branded product line distribution activities for Innovative's Florida facilities, including manufacturing and distribution operations, sales and marketing.
Most recently employed by Metabolife International, Inc., a leading manufacturer and distributor of dietary weight loss products, Mr. Herrmann was Vice President of Operations and later was promoted to President and CFO of Metabolife. Prior to joining Metabolife, he was Area Vice President of Sales, Field Support and Customer Service of Tupperware Corporation headquartered in Orlando, Florida. Herrmann's career also includes executive and management positions at Noevir USA, Inc. and Avon Products, Inc.
Mr. Herrmann is an MBA-Cost Accounting graduate of the University of Missouri in Kansas City with a B.S. in Business Administration from the University of Pittsburg in Pittsburg, KS.; he is also a veteran of the U.S. Army.
Mihir Taneja, chief executive officer of GeoPharma, Inc., commented: "I and the rest of the GeoPharma team welcome Mr. Herrmann and look forward to benefiting from his extensive experience in streamlining manufacturing and distribution operations in addition to increasing our ongoing sales and marketing visibility and expansion efforts surrounding our branded product lines. By hiring Mr. Herrmann, it will allow me to focus on increasing our antibiotic and generic drug pharmaceutical sales."
GeoPharma, Inc. is a rapidly growing pharmaceutical company specializing in the manufacturing and distribution of over-the-counter, nutritional, generic drug and functional food products. The company's growth strategy is to capitalize on its manufacturing expertise to develop high margin generic or novel drugs for niche markets with high barriers to entry. GeoPharma's competitive advantage lies in its ability to circumvent or overcome the challenges in these markets. For more about GeoPharma, Inc., go to our websites at http://www.geopharmainc.com, http://www.onlineihp.com and http://www.hoodiadexl10.com.
This press release may contain statements, which constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those regarding the company and its subsidiaries' expectations, intentions, strategies and beliefs pertaining to future performance. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without management's control. Important factors that could cause such differences are described in the company's periodic filings with the Securities and Exchange Commission.