CHATSWORTH, Calif., Sep 21, 2006 (BUSINESS WIRE) -- Natrol, Inc. (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."
Founded in 1980, Natrol, Inc. (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.