Dr. Fred W. Cooper Joins Board of Directors of NewAge, Inc.
November 19 2020 - 8:00AM
NewAge, Inc.
(Nasdaq:
NBEV), the Colorado-based social selling
and distribution company with a network of independent business
owners across 75 countries worldwide, today announced that it has
appointed Dr. Fred W. Cooper, Ph.D., as a member of its board of
directors, effective November 16, 2020.
Dr. Cooper brings more than 25 years of
e-commerce and direct selling experience and was a Founder and the
Chief Executive Officer of ARIIX prior to completing the merger.
Under Dr. Cooper’s leadership, ARIIX was one of the fastest-growing
direct selling companies over its nine years of business, and in
2020, was recognized as number 35 on the DSN’s list of Top 100
global companies. Prior to founding ARIIX in July 2011, he was the
President and Chief Operating Officer of NYSE listed USANA Health
Sciences. He started his career in direct sales at USANA in 1998
where he played many critical roles, serving in different executive
capacities in Special Projects, Information Technology, and Global
Operations. Dr. Cooper also spent over ten years teaching
entrepreneurship and statistics courses as a part-time professor at
the University of Utah.
Dr. Cooper earned a B.S. in Finance and a B.S.
in Psychology from the University of Utah. He also earned a Ph.D.
in Business Administration, with an emphasis on statistics and
operations processes and management, from the University of
Utah
Greg Fea, Chairman of the Board of NewAge,
commented, “We are pleased to welcome Dr. Cooper to the Board and
look forward to working closely with him to further the success of
NewAge. His expertise in Direct Sales at the highest levels makes
for a natural addition as we continue to execute our
direct-to-consumer strategy. His track record in the industry is
unmatched, which along with his diverse experience as a successful
business owner, entrepreneur, and a former top executive of a
publicly-traded company, significantly strengthens the NewAge
Board.”
In response to his appointment to the Board of
Directors of NewAge, Dr. Cooper commented, “I’m excited to take on
a new responsibility to help guide the strategic direction of
NewAge, combining our global leading companies. I know and have
worked personally with many of the new executives of NewAge and
have a high level of confidence in their leadership and abilities.
NewAge is well-positioned globally to drive growth, improve
profitability, and reach more consumers than ever before. I look
forward to playing a significant role to help further the company’s
position in the global consumer market to create additional value
for all of our representatives, consumers and shareholders.”
About
NewAge, Inc.
(NASDAQ: NBEV)
NewAge is a Colorado-based organic and healthy products company
dedicated to inspiring and educating consumers to “Live Healthy.”
The Company is a social selling and distribution company with
access to e-commerce, direct-to-consumer, and medical channels
across more than 75 countries worldwide when combined with ARIIX.
NewAge markets a portfolio of better-for-you products including the
brands Tahitian Noni, TeMana, ‘Nhanced and others. The Company
operates the websites www.newage.com, www.noninewage.com, and a
number of other individual brand websites.
Safe Harbor DisclosureThis
press release contains forward-looking statements that are made
under the safe harbor provisions within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are any statement reflecting management's expectations
regarding future results of operations, economic performance,
financial condition, the acquisition of ARIIX, statements about the
benefit of the ARIIX transaction, and the extent and duration of
COVID-19 on its business. The forward-looking statements are based
on the assumption that operating performance and results will
continue in line with historical results. Management believes these
assumptions to be reasonable, but there is no assurance they will
prove to be accurate. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. NewAge
competes in a rapidly growing and transforming industry, and risk
factors, including those disclosed in the Company's filings with
the Securities and Exchange Commission, might affect the Company's
operations. Unless required by applicable law, the Company
undertakes no obligation to update or revise any forward-looking
statements.
For investor inquiries about
NewAge please contact:
NewAge Investor
Relations:Riley TimmerVice President, Investor
RelationsTel: 1-801-870-8685Riley_Timmer@NewAge.com
Investor Relations Counsel:John
Mills/Scott Van WinkleICR – Strategic Communications and
AdvisoryTel: 1-646-277-1254/1-617-956-6736newage@icrinc.com
NewAge,
Inc.:Gregory A. GouldChief Financial
OfficerTel: 1-303-566-3030Greg_Gould@NewAge.com
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Mar 2024 to Apr 2024
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Apr 2023 to Apr 2024