Natrol Holds Annual Stockholders' Meeting: Directors Elected, Management Reports Company Growth Initiatives
June 08 2006 - 7:00PM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor
of nationally branded nutritional products, held its annual meeting
of stockholders today. Executive Chairman Elliott Balbert welcomed
stockholders to the Company's Annual Meeting of Stockholders for
the fiscal year ended December 31, 2005. He introduced Wayne Bos,
President and CEO, who presented his perspective on opportunities
to expand the business. "Natrol has many major assets, including
the strong Natrol brand, real estate holdings and manufacturing
facilities that can offer various opportunities," remarked Mr. Bos.
"We will continue to build value in the Company in the coming
months." He added, "This year, the Company has strengthened our
senior management team as well as restructured our Board of
Directors to provide further vision and expertise in business
expansion." "We are in the process of implementing a
well-considered three-to-five year growth plan," he continued. "As
part of the plan, we will focus on three primary strategies for
growth: solidifying our core business, expanding our brands
internationally, and focusing upon strategic acquisitions of new
products and brands. In fact, we recently established an office in
the United Kingdom, which allows us to adopt a more global
perspective on our business." Stockholders elected Ralph Simon as a
Class II Director, approved a proposal to award options to purchase
6,029,500 shares of Common Stock of the Company to Wayne Bos, and
adopted the 2006 Stock Option and Incentive Plan. About Natrol
Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a diversified
nutrition company that manufactures and markets premium-branded
nutritional products, functional teas and sports fitness products
under the Natrol(R), Laci Le Beau(R) and Prolab(R) brands. Natrol
markets more than 200 nutritional products designed to meet a wide
range of consumer needs. The products are available at more than
54,000 food, drug, mass market and independent health food stores,
catalogs and Internet sites, gyms and specialty stores nationally
and in select foreign countries. For more information, visit
www.natrol.com. The statements made in this press release which are
not historical facts including statements regarding expectations
for future growth of revenue and profits and trends concerning net
sales, are forward looking statements 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. As a result of a
number of factors, the Company's actual results could differ
materially from those set forth in the forward looking statements.
Certain factors that might cause Natrol's actual results to differ
materially from those set forth in the forward looking statements
include adverse trends in the dietary supplements industry, intense
competition, adverse effects of unfavorable publicity regarding
particular products or the Company's industry generally, the
Company's dependence on the introduction of successful new
products, the Company's ability to gain market share and shelf
space in each of its distribution channels, the Company
experiencing high rates of product returns, and adverse government
regulation, as well as those factors set forth under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2005 and in the Company's other filings
with Securities and Exchange Commission.
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