HemCon Medical Technologies Appoints New Chief Financial Officer
WESTPORT, Conn., March 5, 2014 /PRNewswire/ -- TriStar Wellness Solutions, Inc. (OTCQB: TWSI), a health and wellness company that targets opportunities in the self-care and professional marketplace, announces the recent appointment of Stuart Sands as the Chief Financial Officer of its wholly owned subsidiary, HemCon Medical Technologies, Inc.
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Mr. Sands brings more than 15 years of experience in finance gained both through public accounting practice and public and private industry. He joined HemCon in 2008 with the acquisition of the Irish medical device company Alltracel Pharmaceuticals Plc., and prior to his appointment to Chief Financial Officer, operated as the Vice President of Finance. Mr. Sands was instrumental in corporate financial initiatives, capitalizing on maximizing asset realization, supporting the emergence from Chapter 11, and the acquisition by TWSI in May 2013.
Before his tenure at HemCon, Mr. Sands worked for global enterprises Ernst and Young
and Tesco plc. Throughout his career Mr. Sands has gained extensive experience in multinational corporations and financial and operational leadership roles. Mr. Sands received his Bachelor's degree in Accounting and Finance from Dublin City University, Dublin, Ireland. He is also a Chartered Accountant (ACA).
"We are delighted to have Stuart step into the new CFO position at HemCon," said Dave Horin, TWSI CFO. "This role is a highly strategic position and his talent and experience will be of great value, particularly as we expand HemCon's product offerings."
"With the acquisition by TWSI, investment into the business, strategic exploitation of the asset base, along with the innovative product portfolio and new product development pipeline, HemCon is well suited for exponential growth and becoming a leading Medical Device company," said Mr. Sands. "I look forward to working with the entire management team and helping shape the future of the company."
About HemCon Medical Technologies
HemCon Medical Technologies Inc., founded in 2001, develops, manufactures, and markets innovative technologies for hemostatic devices for the control of bleeding resulting from trauma or surgery. HemCon products are designed for use by military and civilian first responders as well as medical professionals in hospital and clinical settings where control of bleeding are of critical importance. HemCon is headquartered in Portland, Ore. With a 36,000 sq. ft. state of the art manufacturing facility, the Company has additional commercial operations in Ireland and the Czech Republic. For more information, please visit www.hemcon.com.
About TriStar Wellness Solutions
TriStar Wellness Solutions®, Inc. (TWSI) is a health and wellness company that targets under-met consumer opportunities in the OTC and professional marketplace. Its core strategy plans to meet the growing demand for personalized, care solutions by leveraging proprietary innovation and healthcare technology with the rapid transformation of the healthcare marketplace to create innovative, science based solutions and brands. TriStar recently acquired HemCon Medical Technologies Inc., a developer, manufacturer, and marketer of innovative technologies for hemostatic devices for the control of bleeding resulting from trauma or surgery. It also owns the Beaute de Maman™ brand of women's health products. Additional information is available at www.tstarwellness.com.
Forward-Looking Statement
This press release for TriStar Wellness Solutions®, Inc. contains forward-looking statements. Generally, you can identify these statements because they use words like "anticipates," "believes," "expects," "future," "intends," "plans," and similar terms. These statements reflect only our current expectations. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy and actual results may differ materially from those we anticipated due to a number of uncertainties, many of which are unforeseen, including, among others, the risks we face as described our filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements which apply only as of the date of this press release. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements that, by definition, involve risks and uncertainties. In any forward-looking statement where we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation of belief will be accomplished.
Contact:
Simona Buergi
Tel: (503) 245-0459
[email protected]
SOURCE TriStar Wellness Solutions
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