WEST PALM BEACH, Fla., May 23 /PRNewswire-FirstCall/ -- Health & Nutrition Systems International Inc. (BULLETIN BOARD: HNNS) is pleased to announce the appointment of Mr. James Brown to our Board of Directors. Mr. Brown formally joined the Board of Directors on May 21, 2003.
Mr. Brown will also serve as the Chairman of the Board. This responsibility had been held on an interim basis by Mr. Christopher Tisi, who will continue to act as a Director of HNNS. Mr. Tisi also serves as the Chief Executive Officer of the Company.
Mr. Brown brings over twenty years of senior management expertise to HNNS. Mr. Brown has created value for companies while acting in several capacities, including Director, Chief Executive Officer, as well as Chief Operating Officer. Mr. Brown has a successful track record of building small and mid- sized companies in technology, healthcare and plastics.
Speaking for the Board, Mr. Tisi stated, "We are happy to have the opportunity to work with Mr. Brown. As Chairman, we look forward to utilizing his twenty years of management expertise as we strive to build on our ongoing efforts to enhance the value of our business."
Mr. Brown can be directly contacted at: [email protected].
HNS develops and markets weight management products in over 25,000 health, food and drug store locations. The Company's products can be found in CVS, GNC, Eckerd's, Rite Aid, Target, Vitamin Shoppe, Vitamin World, Walgreens and Wal-Mart. The Company's HNS Direct division distributes to independent health food stores, gyms and pharmacies. For more information, visit: http://www.hnsglobal.com/.
Detailed results from this quarter can be obtained at www.freeedgar.com.
This news release contains forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbor created by that act. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. Such factors and risks include, among others, the factors described in the Company's filing with the Securities and Exchange Commission, the recent terrorist attacks on the United States, possible responses by the U.S. government, general economic conditions, consumer confidence and changes in consumer preference, introduction of products that compete with the Company's products, and the availability and deployment of capital. Finally, recent government action and the surrounding publicity regarding ephedra-containing products may make it difficult for us to obtain and maintain product liability insurance for our products containing ephedra at current premiums. Certain of these factors and risks, as well as other risks and uncertainties are stated in more detail in the Company's annual report on Form 10-KSB. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward- looking statements.