Globe Newswire – Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for
Life” or the “Company”), a high growth global leader in the Health
& Wellness sector marketing and manufacturing nutritional foods
and supplements worldwide, announced the release of the “Director’s
Forum,” a newly inaugurated video series featuring the independent
members of Smart for Life’s board of directors, their backgrounds
and their individual views on the Company and its growth strategy.
This installment highlights Ronald S. Altbach, a prominent capital
markets executive and independent director since October 2020.
“Oftentimes, while the board of directors is the
governing body of any public company, the directors’ voices are not
given prominence,” said A.J. Cervantes, Jr., the Company’s
Executive Chairman. “I have known Ron since his early days as a
capital markets executive. He has had a lifelong career in the
capital markets and has enjoyed significant successes in his career
having served in senior leadership positions in a variety of
industries, both public and private, with deep experience in
merchant banking, as a principal in multiple startups, independent
directorships in a number of public companies and significant
experience in M&A.”
The Smart for Life “Director’s Forum” video
featuring Mr. Altbach can be found here:
www.smartforlifecorp.com/ronald-altbach/
About Ronald S. Altbach
Ron Altbach, 73, brings over 40 years as a
successful financial services executive with a strong emphasis on
M&A, demonstrated repeatedly through his skill and creativity
in the formation and successful development of both private and
public companies. An experienced venture capitalist and merchant
banker, Mr. Altbach is currently a principal in and a Director and
Chief Commercial Officer of MPS Infrastructure Inc., a provider of
industrial-scale comprehensive energy and potable water solutions
internationally, principally in developing countries, most notably
the country of Egypt.
Prior to the founding of MPS Infrastructure
Inc., Mr. Altbach was a principal in Regeneration Capital Group, a
New York-based merchant bank which provided financing and advised
on US listings to Chinese middle market companies. He also served
as a principal in Cambridge Group Holdings, a financial advisory
firm focused on large scale infrastructure projects and structured
financing on a global basis.
Mr. Altbach has served in senior leadership
positions in a variety of industries, including investment banking,
marketing, consumer and luxury products, and media finance. He
serves as an independent director on the board of and is a
shareholder in Catch Media, a cloud- based technology provider with
tens of millions of active users across the globe, and is a
principal in Games Marketing, a leading provider of online gaming
intellectual property. From 1998 to 2003, he served as founder,
Chairman and Chief Executive Officer of Cross Media Marketing
Corporation, a publicly held technology-driven direct marketing
company.
From 1995 through 1998, Mr. Altbach held the
position of Vice Chairman of Rosecliff, Inc., a prominent New
York-based merchant bank principally engaged in leveraged buyouts.
During the same time period, he served as Chairman of Paul
Sebastian, Inc., a Rosecliff portfolio company that marketed its
own fragrance brands, as well as licensed brands, to U.S. and
international department stores. From 1992 to 1994, Mr. Altbach was
President and principal shareholder for Olcott Corporation, which
was engaged in the worldwide distribution of luxury products to the
mass market as well as through direct sales, television sales and
as premiums. From 1983 through 1987, Mr. Altbach conducted
media-related financing activities in the entertainment industry;
positions included Co-Founder and President of Mediacom Industries,
a publicly held film and television finance, production and
international distribution company.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged
in the development, marketing, manufacturing, acquisition,
operation and sale of a broad spectrum of nutritional and related
products with an emphasis on Health & Wellness. Structured as a
publicly held global holding company, the Company is executing a
Buy-and-Build strategy with serial accretive acquisitions creating
a vertically integrated company with an objective of aggregating
companies generating a minimum of $300 million in revenues within
the next thirty-six months. To drive growth and earnings, Smart for
Life is developing proprietary products as well as acquiring other
profitable companies, encompassing brands, manufacturing and
distribution channels. The Company currently operates five
subsidiaries including Doctors Scientific Organica, Nexus Offers,
Bonne Santé Natural Manufacturing, GSP Nutrition and Ceautamed
Worldwide. For more information about Smart for Life, please visit:
www.smartforlifecorp.com.
Video regarding the Company’s manufacturing
facility at Bonne Santé Natural Manufacturing is available at:
www.bonnesantemanufacturing.com/video.
Investor material and a Fact Sheet with
additional information about Smart for Life is available at:
www.smartforlifecorp.com/investor-center.
Forward-Looking Statements
This press release may contain information about
our views of future expectations, plans and prospects that
constitute forward-looking statements. All forward-looking
statements are based on management’s beliefs, assumptions and
expectations of Smart for Life’s future economic performance,
taking into account the information currently available to it.
These statements are not statements of historical fact. Although
Smart for Life believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Smart
for Life does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. No assurances can be made that Smart for Life
will successfully acquire its acquisition targets. In addition, Mr.
Altbach’s views contained in the accompanying video are his own and
not intended as investment advice. Forward-looking statements are
subject to a number of factors, risks and uncertainties, some of
which are not currently known to us, that may cause Smart for
Life’s actual results, performance or financial condition to be
materially different from the expectations of future results,
performance or financial position. Actual results may differ
materially from the expectations discussed in forward-looking
statements. Factors that could cause actual results to differ
materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions and other risks set forth in “Risk Factors”
included in our filings with the Securities and Exchange
Commission.
Investor Relations Contact
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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