Naturally Splendid Appoints Dave Eto as Chief Executive Officer
November 29 2016 - 3:30AM
Naturally Splendid Enterprises Ltd. (“Naturally
Splendid”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to
announce, effective December 5, 2016, Mr. Dave Eto will be
appointed as Chief Executive Officer and a member of the Board of
Directors of the Company. Mr. J. Craig Goodwin will step down
as Chief Executive Officer and will remain as President and on the
Board of Directors.
Mr. Eto has spent over 30 years in the food processing industry
and recently served as Executive Director and Chief Executive
Officer of the BC Dairy Association. Dave was responsible for
the overall management of the BC Dairy Association, including
communicating with hundreds of farmers, working with various
governmental departments as well as developing many of the
marketing initiatives launched during his term. Previously,
Dave held a senior corporate position with Premium Brands Holdings,
which is a company listed on the TSX and is a Canada-based
producer, marketer and distributor of specialty food
products. Dave has also held the position of President and
Chair of the BC Food Processors’ Association for the past five
years and has many contacts within the government, academia and the
food processing industry.
Mr. Dave Eto states, “I have seen Bryan and Craig grow Naturally
Splendid from humble beginnings to a vibrant and growing business.
I am thrilled to now play a larger role as CEO and work with the
Naturally Splendid team, its customers, suppliers and shareholders
and to contribute to the future success. I am confident that
my skill set and familiarity with the assets, resources and
strategies of Naturally Splendid, will provide the necessary
foundation for a bright future. The Company has a good balance
between cash flowing opportunities, processing capacity, existing
retail lines as well as unique proprietary technologies and
products such as HempOmega that create numerous opportunities to
move the Company forward. I am looking forward to deploying my
experience, resources and contacts to maximize those
opportunities."
Mr. Craig Goodwin states, “Throughout his career
Dave has been a strong advocate of the food processing sector. He
has significant experience in operational, sales & marketing
and manufacturing in a variety of foods including dairy, bakery and
ready to eat products. Dave’s strength revolves around strategic
execution. His skill set and experience allows Naturally Splendid
to better optimize our assets. Not just the POS Bio Processing
Centre, our packaging lines, distribution centre, technologies and
retail lines, but our people assets as well.”
Mr. Goodwin in his position as President will
now focus his attention to business development and sales &
marketing. Mr. Goodwin states, “Having Dave as CEO allows me to
focus in the areas where my skill set is strongest. I can now focus
on opportunities to increase exports, secure wider distribution of
our existing retail lines, monetize our omega technologies starting
with HempOmega and expend more efforts in the evolving cannibidiol
markets. Dave’s assistance in strategic execution will be
invaluable in all these areas.”
Company co-founder Mr. Bryan Carson adds, “Our
business relationship with Dave goes back to the very beginnings of
Naturally Splendid. Dave has been a mentor to Craig and myself
until he joined the Advisory Board last year. We are most fortunate
to have an individual with the qualifications of Dave and who has
an intimate familiarity with the Company, its personnel and the
opportunities ahead of us. Craig and I welcome Dave to Naturally
Splendid.”
In connection with Mr. Eto’s appointment as
Chief Executive Officer, Naturally Splendid entered into a
consulting agreement with Mr. Eto. Under the terms of the
consulting agreement, Mr. Eto will serve as Chief Executive Officer
for a period of four years and, in consideration of which,
Naturally Splendid will pay Mr. Eto $16,000 per month. As
additional consideration, Naturally Splendid has agreed to issue
1,000,000 common shares as restricted share units to be issued as
follows: (i) 100,000 shares on TSX Venture Exchange acceptance, and
(ii) 150,000 common shares every six months thereafter.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted
biotechnology company that is developing, producing,
commercializing, and licensing an entirely new generation of
plant-derived, bioactive ingredients, nutrient dense foods, and
related products. Naturally Splendid is building an expanding
portfolio of patents (issued and pending) and proprietary
intellectual property focused on the commercial uses of industrial
hemp and non-psychoactive cannabinoid compounds in a broad spectrum
of applications.
Naturally Splendid currently has six innovative
divisions: (1) Natera® brand of retail hemp superfood products
currently distributed throughout North America and Asia; (2) Chi
Hemp Industries Incorporated (Chii) is selling natural and organic
hemp products through e-commerce (3) PawsitiveFX® brand of pet care
products; (4) Simpli Plant-Based Ingredients Division of
plant-derived bulk ingredients including patent-pending HempOmega®;
(5) The 12,000-square-foot POS / BPC Facility - which is managed
for Naturally Splendid by POS Bio-Sciences - is positioned to offer
commercial-scale custom processing solutions for biological
materials, such as functional foods and natural health ingredients
to a wide range of clients (6) hemp-based cannabinoid
nutraceuticals. The Company's advanced technologies, industry
expertise, and strategic partners allow for the creation of
customized solutions with a consistent focus on quality and
sustainability.
For more information e-mail info@naturallysplendid.com or call
604-673-9573
On Behalf of the Board of Directors J. Craig Goodwin CEO,
Director
Contact Information Naturally Splendid
Enterprises Ltd. (NSP – TSX Venture; NSPDF – OTCQB; 50N
Frankfurt)
Naturally Splendid Enterprises Ltd. #108-19100 Airport Way, Pitt
Meadows, BC V3Y 0E2 Office: (604) 465-0548
Fax: (604) 465-1128 E-mail:
info@naturallysplendid.com Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Naturally Splendid cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
a number of material factors, many of which are beyond Naturally
Splendid's control including, the Naturally Splendid's ability to
compete with large food and beverage companies; sales of any
potential products developed will be profitable; sales of shelled
hemp seed will continue at existing rates or increase; the ability
to complete the sales of all bulk hemp seed purchase orders; and
the risk that any of the potential applications may not receive all
required regulatory or legal approval. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Except as required
under applicable securities legislation, Naturally Splendid
undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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