Twinlab Ceo Steps Down

BOCA RATON, Fla., May 01, 2018 (GLOBE NEWSWIRE) --  Twinlab Consolidated Holdings, Inc. TLCC ("TCC" or "Twinlab"), a leading nutritional supplement company, today announced that Chief Executive Officer, Naomi Whittel, is stepping down from her position to pursue other opportunities.

Chairman of the Board of Directors, David Van Andel announced the board is engaged in evaluating opportunities for a new full-time CEO and in the interim, Alan Gever, current CFO/COO, will oversee day-to-day operations. Al Gever has been Chief Financial Officer and Chief Operating Officer of Twinlab Consolidated Holdings, Inc. since March 2017, and has been responsible for finance, supply chain management, information technology, legal and human resources.

"We thank Naomi for her contributions to Twinlab and wish her well in her new endeavors.  With our new product launches and continued product innovation, we believe TLCC is poised for another half century of growth.  Twinlab is home to several well-known brands, the Organic Holdings line of successful products and Nutrascience Labs which provides supplement companies with world-class manufacturing and fulfillment. We continue to believe in the strength of our brands, service and our mission of bringing the finest products in the nutrition field to the consumer."

Whittel emphasized the improvements Twinlab is experiencing is a team effort.

"I want to earnestly thank the wonderful Twinlab team that worked with me throughout this outstanding time in Twinlab's history. This could not have been done without them!"

"I am extremely grateful to have served Twinlab and proud of what our team accomplished," she said. "In addition to bringing innovative, and well-received new products to the market, the company made remarkable strides in strengthening its gross margins and providing a platform for future growth." 

Putting her role in the company's growth in perspective, Whittel added, "Twinlab is both a pioneer in the nutritional supplements industry and continues to set the gold standard as one of the leading – and certainly the finest - nutritional supplements company in the history of the industry. I am proud to have been a small part of that history and eagerly look forward to witnessing the future successes of TCC." 

Mr. Gever added, "We have an amazing team and I look forward to working with our Board and our employees to execute on the brand visions that will take our organization to the next level. This year marks Twinlab's 50th anniversary since introducing Twinlab Fuel, creating the sports nutrition industry.  On this golden anniversary, we have launched other revolutionary breakthroughs with our new sports nutrition line, REAAL, and ground-breaking innovations across all our brands. These efforts are evidence of our commitment to continue to bring best-in-class products to the end-consumer."

About Twinlab Consolidated Holdings, Inc. 

Twinlab Consolidated Holdings, Inc. ("TLCC") is the parent holding company of Twinlab Consolidation Corporation, an industry-focused health and wellness company committed to developing top brands. TLCC has a portfolio of products that are made in America using the finest ingredients from around the world. In addition to its namesake brand, Twinlab®, established in 1968, TLCC, through TCC and its subsidiaries, also manufactures and sells other well-known category leaders including the Metabolife® line of diet and energy products; the Twinlab® Fuel line and newly launched REAAL® sports nutrition products; Alvita® teas, established in 1922 as a single-herb tea line; and premium nutritional and anti-aging / wellness supplements under the award winning Reserveage™ Nutrition family of brands. TCC also owns NutraScience Labs, an award-winning contract manufacturer. Visit www.tchhome.com for more information.

Forward Looking Statements

Statements we make in this press release may include statements which are not historical facts and are considered forward-looking 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, which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, those risks set forth in the "Item 1A. Risk Factors" section of the Annual Report on Form 10-K filed by TLCC with the Securities and Exchange Commission on April 3, 2018 as updated by TLCC's other SEC filings. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:
Shari Gottesman
General Counsel
Twinlab Consolidated Holdings, Inc.
Tel: 561.443.5301
Email: sgottesman@reserveage.com