Millennium Biotechnologies Group, Inc, (OTCBB: MBTG) announced that renowned non-alcoholic beverage industry veteran Ken Sadowsky has joined its board of directors. Sadowsky was also a principal in Atlas Distributing of Auburn, Mass. for many years, where he made his name in the industry.
Sadowsky served on the board of directors of Energy Brands, Inc., makers of Glaceau, VitaminWater, SmartWater and FruitWater, from 2000 to 2006. Glaceau was later was sold to Coca Cola for $4.1 billion.
He is currently the executive director of NIDA, an association of independent distributors from Maine to New Jersey. This group is different from the government group NIDA, National Institute on Drug Abuse.
“As a prominent beverage distributor in the northeast,” a Millennium Biotechnologies news release stated, “he has been credited for foreseeing the market shift away from carbonated beverages with his early adoption of such brands as Snapple Beverages and SoBe.”
“We are actively restructuring our board of directors to add individuals whose capabilities are more clearly aligned with the new direction of the company, including exploring and implementing transactions that would quickly increase shareholder value” said Mark Mirken, Millennium Biotechnologies CEO. “Ken is the first member of our new board.”
Millennium markets its six product lines of nutritional formulas, including Resurgex Select, a high-protein nutritional formula developed for cancer patients undergoing chemotherapy or radiation treatments. It also created Surgex sports nutrition formula to address the nutritional concerns of professional, Olympic, and amateur elite athletes.
Sadowsky highlighted the company’s medical credentials as a strong reason he came aboard.
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