MUNDELEIN, IL -- May 6, 2015 -- InvestorsHub NewsWire -- Z
Trim Holdings, Inc. (“ZTH”) (OTC Markets: ZTHO
– News), an AgriTech company providing value-added ingredients to a
variety of industries, today announced the addition of Anthony
Saguto to the Z Trim management team as Chief Financial Officer to
replace John Elo effective May 18, 2015. The Company also
announced the retirement of longtime board member Brian Israel who
served for 8 years.
Mr. Saguto has spent over 25 years in corporate finance
management at prominent food manufacturing firms such as Kronos
Foods, Foulds, Rymer Foods and Beatrice. From 1994 to 2011,
he was Controller and Chief Financial Officer of Stampede Meat, a
beef, pork and poultry producer where he was a member of the
founding management team. Stampede was sold in 2007 to
Fairmont Capital for $127 million. He received his
undergraduate degree in accounting at the University of Illinois at
Chicago and passed the CPA exam. Mr. Saguto will take over from
retiring CFO John Elo.
"I’m looking forward to working with the Z Trim team," Saguto
said. "I believe that this company is on the verge of a breakout
with both its multifunctional Z Trim and its prebiotic soluble
fiber BFG poised to make foods we all eat every day healthier while
providing significant cost savings for its customers. I am
confident my colleagues across the food industry will be very
interested in learning more about these innovative products."
"We appreciate John Elo’s service to the company and wish him
well in retirement," said Ed Smith, Z Trim's CEO. "We are fortunate
to have found Tony Saguto, who will provide substantial depth to
our management team. In addition to his track record of
success at Stampede, we expect that his food industry experience
and contacts will help us tremendously as we increase our
penetration of the meat industry."
Board Chairman Mo Garfinkle commented on retired External
Director Brian Israel, saying “Brian is a strong and dedicated
leader. Z Trim benefited from Brian’s advice and counsel and the
many hours he dedicated to making Z Trim a better company since
2007. We thank him for his many years of service and wish him and
his family the best going forward.”
ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is an AgriTech
company that owns existing, and has developed new, products and
processes to transform biomass for uses in the food and industrial
markets. Using revolutionary technology designed to produce
value-added ingredients across virtually all food industry
categories, the Company’s food division currently sells a line of
products that can help food manufacturers reduce their costs and
solve many production problems. These all-natural ingredients,
among other things, help to reduce fat and calories, add fiber,
provide shelf-stability, prevent oil migration, and add binding
capacity -- all without degrading the taste and texture of the
finished products. Perhaps most significantly, Z Trim's
products can help extend yields, and thereby increase its
customers' gross margins. The Company's industrial division,
opened in 2012, offers eco-friendly ingredients to oil drilling,
hydraulic fracturing, petroleum coke, steel/aluminum, paper and
other industries. These industrial ingredients are highly
functional in applications for adhesives, binders, viscofiers and
emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Words such as "anticipates," "expects," "intends," "plans,"
"believes," "seeks," "estimates," or variations of such words are
intended to identify such forward-looking statements. The
forward-looking statements contained in this press release include
statements regarding the Company being on the verge of a
breakthrough and its potential for growth, the ability of the
Company’s products to make food healthier and reduce cost, the
contribution to be derived from the appointment of Anthony Saguto
as Chief Financial Officer. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by these forward-looking
statements including the Company’s ability to integrate Anthony
Saguto into its organization and its ability to grow. Other
factors, which could materially affect such forward-looking
statements, can be found in our filings with the Securities and
Exchange Commission at www.sec.gov, including risk factors contained
in the filings. Investors, potential investors and other readers
are urged to consider these factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are only made as of the date of this press
release and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances.
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