LycoRed Consolidates Subsidiary Operations

LycoRed Consolidates Subsidiary Operations

BEER SHEVA, IsraelLycoRedreorganized the company and its subsidiariesBiodar, Nutriblend, NutriblendInternational Sarl and Buckton Scott Nutritioninto a single unit withdifferent regional offices. LycoRed Corp. in Fairfield, N.J., is the NorthAmerican operation, and Leo Cullen was appointed president of that group. David Roberton will serve as president of LycoRed Limited, theEuropean operation, based in the United Kingdom, with Peter Gallagher on boardas managing director. LycoRed Sarl in Switzerland will serve as the Europeanlycopene technical support center, headed by Joost Overeem. And LycoRed Ltd. inIsrael will be the corporate headquarters.

This move will streamline the company structure, strengthenrelationships with our key customers through enhanced customer service, investin business development and implement marketing programs for each region,said Morris Zelkha, president and chief executive officer (CEO) of LycoRed(www.lycored.com). We are confident this integrated approach will enableLycoRed to achieve superior long-term goals and increase our salessignificantly.