PLANO, Texas, July 10, 2020 /PRNewswire/ -- NuZee, Inc.
(NASDAQ: NUZE) ("NuZee"), the leading single-serve pour-over coffee
producer and co-packer, today announced changes in senior
management's duties to reflect a greater focus on the adoption of
single serve pour over coffee by major U.S. coffee brands. As part
of these changes, Mr. Masateru
Higashida, the Company's Chief Executive Officer, will add
the title of President and will directly oversee the Company's
three international subsidiaries. Mr. Shanoop Kothari will continue his duties as
the Company's Chief Financial Officer but has also been named as
the Company's Chief Operating Officer and will lead the Company's
production efforts and direct to consumer channels in the U.S. Mr.
Travis Gorney, will become the
Company's Chief Marketing Officer and Vice President with the
primary role of establishing and managing a sales team focused on
adoption of single serve pour over coffee by major U.S. coffee
brands. Both Mr. Kothari and Mr. Gorney will continue to report to
Mr. Higashida.
"These changes to our management structure better align the
strengths of our management team with their new areas of focus,
which we expect will result in greater sales to blue chip coffee
companies in the U.S.," said Mr. Higashida, President and CEO of
the Company. "Over the last two years, NuZee has invested in a
platform to lead the adoption of single serve pour over coffee in
the U.S. In addition to a greater focus on sales, the changes also
reflect our focus on maximizing our opportunity to achieve
profitability from these investments," added Mr.
Higashida.
About NuZee and Coffee Blenders
NuZee, Inc. (d/b/a Coffee Blenders®) is a specialty coffee company
and a leading U.S. single-serve pour-over coffee producer and
co-packer. We own highly sophisticated packing equipment developed
in Asia for pour over coffee
production and possess exclusive agreements that restrict North
American competitors' access to equipment and pour over
filters. We co-pack single-serve pour-over coffee products
for dozens of customers in the U.S. market and also co-pack for the
Korean market. Our California
facility is SQF level 2 certified facility is Fair Trade, Organic,
Kosher and Halal.
Forward-looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions 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. NuZee
cautions you that such statements are simply predictions and actual
events or results may differ materially. These statements reflect
NuZee's current expectations, and NuZee does not undertake to
update or revise these forward looking statements, even
if experience or future changes make it clear that any projected
results expressed or implied in this or other NuZee statements will
not be realized. Further, these statements involve risks and
uncertainties, many of which are beyond NuZee's control, which
could cause actual results to differ materially from
the forward-looking statements. These risks and
uncertainties, many of which are beyond our control, include the
effects of market acceptance of single serve pour over coffee, the
COVID-19 pandemic on our operations and general economic conditions
and our need for substantial additional funds. For a description of
additional factors that may cause NuZee's actual results,
performance or expectations to differ from any forward-looking
statements, please review the information set forth in the "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" sections of the Company's
public reports filed with the SEC.
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SOURCE NuZee, Inc.