SALT LAKE CITY, May 13, 2004 (BUSINESS WIRE) -- USANA Health Sciences, Inc. (USNA) today announced it has named George Hwang as General Manager for USANA Korea.
Mr. Hwang will have the responsibility for overseeing the Korean operation, including developing and implementing USANA's growth strategies in that market.
Mr. Hwang brings with him over 12 years of experience in the direct selling industry. He has led the operations of two multinational companies in Korea, Regal Ware and Fissler, which distribute their products through the direct selling channel.
"George brings to USANA significant experience with the direct selling business model, as well as proven business leadership skills," said Dave Wentz, USANA President. "During his career, he has helped two other multinational companies distributing through the direct selling channel gain market share in the important Korean market. We believe that under his proven leadership, USANA can accelerate growth efforts in Korea, which is the third largest market for direct sales in the world."
Mr. Hwang graduated from the University of California, Berkeley with a BS degree in Electrical Engineering and Computer Science. He is a native of South Korea and will be based in USANA's offices in Seoul.
USANA develops and manufactures high quality nutritional and personal care products that are sold directly to Preferred Customers and Associates throughout the United States, Canada, Australia, New Zealand, Hong Kong, Japan, Taiwan, South Korea, Singapore, Mexico and the United Kingdom. More information on USANA can be found at http://www.usanahealthsciences.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Actual results could differ materially from those projected in the forward-looking statements, which involve a number of risks and uncertainties, including reliance upon the company's independent Associate network, government regulation of products, manufacturing and marketing, and risks associated with international expansion. Forward-looking statements in this release include the statement that the company believes that under Mr. Hwang's "leadership, USANA can accelerate growth efforts in Korea, which is the third largest market for direct sales in the world." This statement and other contents of this release should be considered in conjunction with the warnings and cautionary statements contained in USANA's most recent filings with the Securities and Exchange Commission on Forms 10-Q and 10-K.