Medical Nutrition Names Robert Mathias Vice President, Sales & Marketing
April 14 2009 - 4:46PM
Marketwired
Medical Nutrition USA, Inc. (NASDAQ: MDNU) announced today that
Robert Mathias has been appointed Vice President, Sales and
Marketing.
Mr. Mathias, age 55, most recently served as Vice President for
Marketing and Business Development at Alimentary Health Ltd., a
development-stage biotechnology company located in Cork, Ireland,
that develops treatments for gastrointestinal disorders and other
inflammatory conditions. Prior to that, Mr. Mathias was Director of
Marketing for Novartis Medical Nutrition and, before that, spent 18
years with Mead Johnson Nutritionals where he served as Director,
Adult Nutrition. Mr. Mathias also served as a Marketing Manager for
Kraft Foods, Canada.
"We are extremely pleased to have someone of Bob's talent and
experience in this critical role as the company continues to ramp
up its branded products business nationally and in Canada, and
prepares to launch into retail markets," Medical Nutrition's
Chairman and Chief Executive Officer Frank A. Newman said.
Mr. Mathias holds a Bachelor of Commerce degree from Concordia
University, Montreal, and participated in the Kraft General
Management MBA program at McGill University, Montreal.
David Shapiro, formerly Vice President, Sales, was named
Regional Vice President and will be located in Dallas with
responsibility for sales in California, Florida and Texas as well
as national distributor relationships.
About Medical Nutrition USA
Medical Nutrition USA develops and distributes products for the
nutritionally at risk who are under medical supervision. Its
products are used primarily in long-term care facilities,
hospitals, dialysis clinics and bariatric clinics. The Company's
product lines include Pro-Stat�, Fiber-Stat� and UTI-Stat(TM), as
well as private label products. Additional information is available
at www.mdnu.com.
This news release contains forward-looking statements that are
subject to certain risks and uncertainties. Although we believe
that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed. Risks and uncertainties that could
cause or contribute to such material difference include, but are
not limited to, general economic conditions, changes in customer
demand, changes in trends in the nursing home, renal care, health
food and bariatric surgery markets, changes in competitive pricing
for products, and the impact of our competitors' new product
introductions. Our future financial condition and results of
operations, as well as any forward-looking statements are subject
to change and inherent risk and uncertainties. Other important
factors that may cause actual results to differ materially from
those expressed in forward-looking statements is contained in the
Medical Nutrition USA, Inc. Annual Report on Form 10-KSB for the
year ended January 31, 2008 as filed with the Securities and
Exchange Commission on April 29, 2008 and Form 10-Q for the quarter
ended October 31, 2008 as filed on December 15, 2008.
Contacts: Medical Nutrition USA, Inc. Frank J. Kimmerling Vice
President/Finance Chief Financial Officer 800-221-0308 Email
Contact Adam Friedman Associates LLC Adam Friedman 212-981-2529 x18
Email Contact
Medical Nutrition Usa (MM) (NASDAQ:MDNU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Medical Nutrition Usa (MM) (NASDAQ:MDNU)
Historical Stock Chart
From Jul 2023 to Jul 2024