BREA, CA, Jan 29, 2007 (MARKET WIRE via COMTEX) -- Naturade, Inc. (PINKSHEETS: NRDCQ) announced today that it has appointed Rick Robinette as its new Executive Vice President of Sales.
As an executive leader, Mr. Robinette brings to Naturade nearly 25 years of sales, marketing, operations and finance experience in the nutritional supplements industry. During his career, he has worked with leading companies and brands including: Leiner Health Products (Private Label), Rexall Sundown (MET-Rx), Next Proteins (Designer Whey), and Window Rock Enterprises (Cortislim). Mr. Robinette is highly respected in the industry and maintains strong relationships with major retailers, brokers, distributors and vendors in the nutritional supplements market.
Richard Munro, President and CEO of Naturade, stated, "I am very pleased to welcome Mr. Robinette to the Naturade executive team. His extensive experience in Sales and Operations will play a vital role as we plan for our emergence from Chapter 11 and develop our 2007 growth strategies."
Mr. Robinette is also a co-founder of Koloseum Nutritional Sciences ( www.koloseum.com), which recently announced that Redux Holdings, Inc. (PINKSHEETS: RDXH) will become a 30% equity owner in the Company. Redux is also the majority owner of Naturade, Inc.
About Naturade, Inc.
Founded in 1926, Naturade is a leading marketer of scientifically supported natural products formulated to improve the health and well-being of consumers. Naturade products can be found in over 20,000 health food stores and natural foods supermarkets, as well as supermarkets, mass merchandisers, club stores and drug stores throughout North America.
About Koloseum Nutritional Sciences, Inc.
Koloseum Nutritional Sciences is a new sports nutrition company that markets, sells and distributes innovative, science-driven performance nutrition supplements within the health and fitness channels. Koloseum has created a unique platform of hyper-anabolic and anti-proteolytic formulations designed to deliver optimum levels of nutrition to high performance athletes at the critical stages of exercise.
About Redux Holdings
Redux Holdings acquires the assets of companies and isolates, recombines and manages those assets to increase their value and develop profitable strategic options. The Company is distinguished by the extensive experience of its personnel in quickly identifying, analyzing and stabilizing these business opportunities and effecting rapid turnaround and asset monetization.
For additional information on Redux Holdings, Inc., visit the company's website at www.reduxholdings.com. Investor information, including an investor fact sheet, is available for download at www.firstcapitalinvestors.com/rdxh.html.
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