KAILUA-KONA, Hawaii--June 13, 2003--Cyanotech Corporation (Nasdaq:CYAN) announced today the appointment of David P. Mastroianni as Senior Advisor to the Company. Mastroianni has over 20 years experience in the natural products industry, including executive positions at Solgar Vitamins, now a division of pharmaceutical giant Wyeth, and Weider Nutrition International. Most recently, Mastroianni was President of Royal Numico's direct selling division, Unicity Network.
"Dave brings years of nutrition industry experience and a track record of success to assist our management team," said Gerald R. Cysewski, Ph.D., Chairman, President and CEO of Cyanotech. "His involvement with Cyanotech will help the company continue the recent sales growth and the increasing demand for BioAstin and our other natural products derived from microalgae."
"I am very pleased and excited to be working with such a reputable, innovative company as Cyanotech," noted Mastroianni. "BioAstin has a great future as an important supplement for health conscious consumers. A growing body of scientific research is indicating a vital role for spirulina in supporting health, and Cyanotech's Hawaiian-grown Spirulina Pacifica(R) is considered to be the finest source of this remarkable green food. Of special interest to me is the development of new product applications for Cyanotech's existing natural ingredients as well as the development of other aquaceuticals and active compounds from microalgae."
Mastroianni will assist Cyanotech's management team in establishing short- and long-term strategic initiatives, developing new business opportunities and improving the operational functions of the company, according to Dr. Cysewski.
Cyanotech Corporation, a world leader in microalgae technology, develops unique natural products from microalgae, and is the world's only producer of Hawaiian Spirulina and the largest commercial producer of BioAstin(R) natural astaxanthin (pronounced "asta-zan-thin"). Products include BioAstin(R), a powerful antioxidant with expanding applications as a human nutraceutical; NatuRose(R) natural astaxanthin for the aquaculture and animal feed industries; Spirulina Pacifica(R), a nutrient-rich green food; and phycobiliproteins, fluorescent pigments used in the immunological diagnostics market. Spirulina Pacifica(R) and BioAstin(R) are found in the products of the finest supplement brands in over 30 countries worldwide and are sold through various distribution channels including mass, discount, grocery, pharmacy, health food, network marketing, Internet and others. Cyanotech is committed to sustainable business practices that respect the environment and our natural resources. Corporate and product information is available at www.cyanotech.com.