SOURCE: Redux Holdings, Inc.

November 16, 2007 08:06 ET

Naturade, Inc. Announces Management Changes

ANAHEIM, CA--(Marketwire - November 16, 2007) - Naturade, Inc. (PINKSHEETS: NRDCQ) announced in an 8K filing with the SEC that as part of its recent emergence from Chapter 11 bankruptcy, the Company has made several management changes. Naturade is a majority-owned subsidiary of Redux Holdings, Inc. (PINKSHEETS: RDXH).

Naturade's President and CEO, Mr. Richard Munro, a bankruptcy and turnaround expert who was appointed to assist Naturade through the bankruptcy process, has voluntarily resigned to pursue other business turnaround opportunities. Naturade's Chairman, Adam Michelin, will assume the role of CEO and take control of day-to-day operations.

Mr. Rick Robinette, Naturade's COO, will work alongside Mr. Michelin and will focus on implementing Naturade's aggressive sales strategies and supply chain initiatives.

Ms. Kelly Clinton has been promoted to Vice President of Sales. Ms. Clinton will focus on supporting and expanding the Company's sales efforts throughout the health and fitness channels.

Other changes to the organization include that Ms. Rae Johnson has been promoted to Vice President Business Development and Ms. Stacey Zaug promoted to Production Manager.

Naturade CEO and Chairman, Adam Michelin, commented, "We truly appreciate the exceptional job performed by Richard Munro. He played a crucial role in the successful turnaround of this Company and he will continue to be a trusted resource in the future. I look forward to working with Rick Robinette in his position as COO of the Company. Rick's optimism and positive outlook are becoming infectious throughout our organization. Kelli Clinton has been working closely with Rick and I believe she will make a smooth transition into the position of Vice President of Sales. Kelli adds a new element of creativity to an already experienced management team."

About Naturade, Inc.

Founded in 1926, Naturade (www.naturade.com) is a leading marketer of scientifically supported natural products formulated to improve the health and well-being of consumers. Naturade's products can be found in health food stores and natural foods supermarkets as well as supermarkets, mass merchandisers, club stores and drug stores.

About Redux Holdings, Inc.

Redux Holdings (www.reduxholdings.com) acquires the assets of companies and isolates, recombines and manages those assets to increase their value and develop profitable strategic options. The Company is distinguished by the extensive experience of its personnel in identifying, analyzing and stabilizing these business opportunities and effecting efficient turnaround and asset monetization.

Investor information, including an investor fact sheet, is available for download at: www.firstcapitalinvestors.com/rdxh.html.

"SAFE HARBOR"

This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Contact Information

  • Contacts:

    Investor Relations
    First Capital Investors, Inc.
    Email Contact
    (321) 221-2910