OCEANSIDE, Calif., Dec. 14, 2016 (GLOBE NEWSWIRE) -- Sealand Natural Resources, Inc. (OTCPINK:SLNR) (the “Company” or “Sealand”) announced today that on March 9, 2016, the Company entered into an employment agreement (the “Agreement”) by which A. Stone Douglass, age 69 of La Jolla, CA, became Chief Executive Officer (“CEO”) of the Company for a three-year term at a base salary of $90,000.00. At the same time, Mr. Douglass was elected to the Company’s board of directors.
From 1995-2004, Mr. Douglass was a Managing Director of Compass Partners, LLC, a New York City based merchant bank which specialized in bankruptcy and reorganization transactions. Since leaving Compass Partners, LLC, Mr. Douglass has held numerous CEO positions and directorships of both private and publicly listed companies.
From September 2008 until April 2011, Mr. Douglass was CEO and a director of Spy, Inc., the Carlsbad, CA based developer of Spy action sports eyewear. Mr. Douglass restructured the business and recruited a sports industry management team to move the company forward before stepping down. From July 2011 through December 2013, Mr. Douglass served as CEO of Ryderz Compound, Inc., a Carlsbad, CA based action sports retailer which he purchased out of the No Fear Retail Stores Bankruptcy. Mr. Douglass arranged the sale of the Company to Pacific Vector, Inc. in 2013. From June 2013 to the present, Mr. Douglass has been the Chief Financial Officer and a Director of David Kind, Inc., a privately held Venice, CA based on-line eyewear brand. From September 2014, Mr. Douglass has been manager of HL Brands, LLC, a privately held manufacturer of apparel, watches and handbags using the art of Ron English and POPaganda. From September 2014 to the present, Mr. Douglass has been a director of Artec Global Media, Inc., a publicly traded development stage on-line advertising and marketing company.
With this change, Lars Aarup Poulsen and Greg May, founders of the Company, are now President and Chief Operating Officer, respectively, and both continue as Directors of the Company.
Greg May, Sealand’s Chief Operating Officer and Director, stated, “We are very happy to have someone with Stone’s extensive background and pedigree join the Sealand team. Stone shares our vision of Sealand growing into a leader in the healthy beverage category.”
Added Stone Douglass, “Sealand products have been well-received in many countries around the world over the last several years. We look forward to bringing these certified organic and non-GMO products to the United States next year.”
About Sealand Natural Resources, Inc.
Sealand is a new product research and development company which harvests and distributes an alternative healthy beverage, Sealand Birk, derived from the sap of the silver birch tree (Betula Pendula). Birk is 100% natural, Non-GMO, certified organic and Kosher. Management believes Sealand Birk is the first corporate commercialization of a silver birch sap based “water”, versions of which have been consumed locally in Scandinavia as health drink for over three hundred years. The product is a blend of silver birch sap currently drawn from certified organic forests in Finland and Lithuania and is a pleasant, slightly viscous lightly sweetened thirst quencher. The sap’s sweetness is derived from its natural low glycemic Xylitol (synthetic versions of which are utilized to sweeten many other “healthy” drinks and food products). Silver birch sap contains the largest concentration of xylitol of any of the plants which produce natural xylitol and its well documented health benefits including a very low glycemic index value, 40% fewer calories than sugar, the absence of the necessity of insulin to metabolize, a minimal effect on blood sugar levels, and its ability to kill bacteria and prevent tooth decay and oral disease, among other benefits. Birk water also contains significant amounts of vitamin C, potassium, manganese, thiamin and calcium.
The company currently bottles Sealand Birk in Denmark and sells the product throughout Europe, Asia and the Middle East. The Company plans to expand worldwide distribution and commence sale in the USA in 2017.
Visit the company’s website at http://www.sealandnr.com for detailed information about the Company’s healthy drink products.
Safe Harbor Statement
Sealand Natural Resources, Inc. cautions you that any statement included in this press release that is not a description of historical fact is a forward-looking statement. Many of these forward-looking statements contain the words "anticipate," "believe," "estimate," "may" "intend," "expect" and similar expressions. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the company and are subject to a number of risks and uncertainties inherent in Sealand’s business, including, without limitation: the company may not be able to secure the funds necessary to support its product development plans; and the company may not ever achieve the market success to sustain a profitable business. In addition, there are risks and uncertainties related to economic recession or terrorist actions, competition from much larger companies, technological obsolescence, unexpected costs and delays, potential product liability claims, and many other factors. More detailed information about Sealand (and the specific risk factors that may affect the realization of forward-looking statements) is set forth in the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K and its Quarterly Report on Form 10-Q. Such documents may be read free of charge on the SEC’s website at www.sec.gov. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Sealand undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.