Sinofresh Healthcare Inc. Announces New Leadership; Experienced Executives to Serve as Chairman and CEO
SFSH breathes new life into corporate structure with strategy for success
Venice, Florida – November 30, 2010 – SinoFresh® HealthCare, Inc., (PINKSHEETS: SFSH) announces several significant changes to the corporate management team including the election of Thomas Fitzgerald as Chairman of the Board of Directors and the naming of David R. Olund as President & CEO. The changes were made as part of a broad based, ongoing corporate restructuring.
Mr. Fitzgerald, the new Chairman of the Board, has more than 25 years of experience in the biopharmaceutical industry. As an industry consultant and senior executive, he has provided strategic advice for a range of early stage companies and turnaround candidates as well as working with and for well established domestic and multinational businesses. He has also worked with a number of research based institutions including the University of Rochester, the Scripps Institute and Thomas Jefferson University on the generation and growth of spin out life science business from their intellectual property. Mr. Fitzgerald has been a member of the SinoFresh Board since 2008.
Mr. Fitzgerald has also held seats on the Boards of Directors for a number of public and private entities. During his career, he has been responsible for the development, regulatory and marketing strategies, government relations, and intellectual property matters for biopharmaceutical companies. He has held senior executive positions for a number of both large and small companies, in the USA and Europe. Mr. Fitzgerald will be working closely with Mr. David Olund, the Company’s new CEO to establish SinoFresh HealthCare, Inc. as an industry leader and a global presence.
Mr. Olund, the new CEO, has over 30 years of domestic and international experience in the financial services industry. He has had corporate and marketing relationships with companies such as Sun Life of Canada, The CNA Companies, Western Reserve Life Assurance, New York Life, LifeUSA Traveler Insurance Company and Shearson/American Express as well as other companies. Mr. Olund has held the Registered Securities Principal designation in the past including the position of President, CEO and Chief Compliance Officer of an NASD member securities firm. During the last 15 years, his financial consulting work has encompassed assignments for public and private companies, specializing in alternative finance markets and corporate development in the United States, as well as doing significant work in Europe, Asia and Latin America for private multi-national clients.
Mr. Fitzgerald commented that, “David Olund’s experience, passion and know-how will be indispensable to SinoFresh in growing the company’s business. David has a proven record of initiating and achieving favorable results form the kinds of steps that will be essential in achieving our ambitious plans to build the business and establish the long term shareholder value that follows from the growth of the business.”
Mr. Olund, comments, “I am proud to be serving the future needs of the SinoFresh HealthCare business. I particularly look forward to a bright and promising future on behalf of our shareholders. I believe that with the combined backgrounds of our senior management team and our Board of Directors, will enable us to fully develop our breakthrough technologies in antiseptic upper respiratory and topical therapies. SinoFresh is very well positioned to become a significant player in the healthcare industry.” Mr. Olund was also elected to the Board of Directors as part of the management realignment. Mr. Fitzgerald and Mr. Olund replace the out-going Chairman and CEO, Charles Fust, who has left the company.
SinoFresh HealthCare, Inc. is a publicly traded company (PINKSHEETS:SFSH.PK) based in Venice, Florida, that manufactures and distributes nasal, oral and topical antiseptic germ-killing products. SinoFresh products are marketed and distributed globally through a network of strategic wholesale and retail partners. SinoFresh Healthcare Inc’s, premier product, SinoFresh Antiseptic Homeopathic Nasal spray has in laboratory tests shown effective antiseptic capability against a variety of pathogens such as MRSA, E-Coli, H1N1 and a broad range of other viruses, molds, fungi and bacteria.
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