PORTLAND, Ore., March 3, 2020 /PRNewswire/ -- Eastside
Distilling, Inc. (NASDAQ: EAST) today announced the appointment of
G. Stuart Schreiner as Interim Chief
Financial Officer, effective February 28,
2020.
Mr. Schreiner joins Eastside Distilling with 25 years of
experience in finance and operational leadership, where he has
served in both a consulting and executive capacity for a wide array
of public and private companies. His expertise includes creating
effective financial processes, systems and controls that enable
problem solving to occur, primarily for companies transitioning
from investment stage to positive cash flow. He has also served as
a consultant on integration for companies involved in mergers and
acquisitions.
"Stu brings 25 years of proven financial and operational
capabilities that are ideally suited for Eastside Distilling as we
implement a series of operational changes aimed at reshaping our
business model to achieve positive adjusted EBITDA," commented
Lawrence Firestone, CEO of Eastside
Distilling. "Having worked with Stu previously, I am confident that
his hands-on approach to continuous improvement will add value to
Eastside going forward."
Mr. Schreiner has been a financial consultant with Tatum, LLC,
C-Squared Solutions and GSS Consulting LLC since 2002. During and
prior to that time, he has additionally held various senior level
positions, including Director of Finance or Chief Financial
Officer, with Hands-On Labs, Inc., Melco Industries, Inc., AirCell,
Inc., Nathan Wechsler CPA, Cablecom-General, Translogic
Corporation, Fischer Imaging, and Century International. Mr.
Schreiner is a Certified Public Accountant (inactive) and has a
B.S. in Accounting, with Honors from Bentley
College.
About Eastside Distilling
Eastside Distilling, Inc.
(NASDAQ: EAST) has been producing high-quality, craft spirits in
Portland, Oregon since 2008. The
company is known for its award-winning brands, including Redneck
Riviera Whiskeys, Azuñia Tequila, Hue-Hue Coffee Rum, Burnside
Bourbons, Portland Potato Vodkas, and other Oregon brands. All
Eastside spirits are crafted from
natural ingredients for quality and taste. Eastside's Craft Bottling + Canning subsidiary
is one of the Northwest's leading independent spirit bottlers and
ready-to-drink canners. For more information visit:
www.eastsidedistilling.com or follow the Company on Twitter and
Facebook.
Important Cautions Regarding Forward-Looking
Statements
Certain matters discussed in this press release may be
forward-looking statements. Such matters involve risks and
uncertainties that may cause actual results to differ materially,
including the following: changes in economic conditions; general
competitive factors; acceptance of the Company's products in the
market; the Company's success in obtaining new customers; the
Company's success in product development; the Company's ability to
execute its business model and strategic plans; the Company's
success in integrating acquired entities and assets, and all the
risks and related information described from time to time in the
Company's filings with the Securities and Exchange Commission
("SEC"), including the financial statements and related information
contained in the Company's Annual Report on Form 10-K and interim
Quarterly Reports on Form 10-Q. Examples of forward-looking
statements in this release may include statements related to
anticipated revenues, our strategic focus, and expected financial
performance and profitability. The Company assumes no obligation to
update the cautionary information in this release.
View original
content:http://www.prnewswire.com/news-releases/eastside-distilling-appoints-g-stuart-schreiner-interim-chief-financial-officer-301015839.html
SOURCE Eastside Distilling, Inc.