WOODLAND HILLS, Calif.,
May 30, 2014 /PRNewswire/
-- GrowLife, Inc. (OTC: PHOT), the recognized leader in
specialty hydroponics and a provider of essential goods for indoor
growers, today announced the resignation of Rob Hunt, Executive Vice President of GrowLife,
Inc. and President of GrowLife Hydroponics. Mr. Hunt's departure,
effective on May 23, 2014 has been
formally addressed by a companywide restructure of its leadership
team.
The GrowLife team remains tightly united to drive expansion
efforts including GrowLife 2.0, despite recent changes. As
previously announced, Mr. Hegyi assumes leadership of the Company
following Sterling Scott's
departure. The Company's successful retail sales operations will
continue to be managed by Vice President, Joe Barnes and Regional Director, Jeremy Belmont, following Mr. Hunt's departure.
The Company also added financial executive, Mark E. Scott to its Board of Directors. Mr.
Scott will help advise strategic growth investments, financial
reporting and governance that are critical to the future of the
Company.
"We appreciate Mr. Hunt's service to the Company, and his
support to ensure a smooth transition at this time," said
Marco Hegyi, President of GrowLife.
"Mr. Hunt oversaw the sales team, which have consistently hit goals
that resulted in record revenue growth. We are confident that the
sales team can continue to show strong performance, and push
forward our expansion strategies."
The restructured leadership team is well aligned to bring
GrowLife 2.0 to market, and remains steadfast to become a major
catalyst that accelerates growth in the legal cannabis industry.
For more information about GrowLife, Inc., please visit:
www.growlifeinc.com.
About GrowLife, Inc.
GrowLife, Inc. (PHOT)
(www.growlifeinc.com) develops, markets and deploys products and
services addressing the needs of legal cannabis growing and retail
operations, including hydroponic growing equipment and retail
support software. The Company provides these solutions in our
nationwide retail network, as well as online sites Greners.com,
Phototron.com and StealthGrow.com. The Company also operates the
political and social forum, Cannabis.org.
Cautionary Language Concerning Forward-Looking
Statements
This release contains "forward-looking
statements" that include information relating to future events and
future financial and operating performance. The words "may,"
"would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results, and will not necessarily be accurate indications of the
times at, or by, which that performance or those results will be
achieved. Forward-looking statements are based on information
available at the time they are made and/or management's good faith
belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Important factors
that could cause these differences include, but are not limited to:
fluctuations in demand for GrowLife's products, the introduction of
new products, the Company's ability to maintain customer and
strategic business relationships, the impact of competitive
products and pricing, growth in targeted markets, the adequacy of
the Company's liquidity and financial strength to support its
growth, and other information that may be detailed from
time-to-time in GrowLife's filings with the United States
Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the State or Federal level. For
a more detailed description of the risk factors and uncertainties
affecting GrowLife, Inc. please refer to the Company's Securities
and Exchange Commission filings, which are available at
www.sec.gov. GrowLife, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Media Relations:
GrowLife Communication Team
pr@growlifeinc.com
Investor Relations:
Shareholders Support Team
Shareholdersupport@growlifeinc.com
SOURCE GrowLife, Inc.