Z Trim Holdings Adds Top Paper Industry Executive to Advisory Board
MUNDELEIN, Ill., Aug. 13, 2012 /PRNewswire/ — Z Trim Holdings, Inc. (OTC: ZTHO), bio-technology company and creator of environmentally-friendly agricultural functional ingredients, today announced the addition of another industry heavyweight to its growing Advisory Board. Roger Stone, current CEO of KapStone Paper and Packaging Corp, will assist the management team with strategic planning and business development initiatives involving the Company’s new industrial ingredients division, which was unveiled on July 23 and will leverage Z Trim’s exclusive technologies to address critical needs in oil drilling, hydraulic fracturing, petroleum coke, steel, aluminum and paper production, and other industries.
Stone, who is the founder and CEO of several leading paper and container companies, has also demonstrated confidence in Z Trim’s future by personally investing in the Company through Brightline Ventures. He joins a distinguished assembly on the Z Trim Advisory Board, including G. Stephen Finley – Former CFO of Baker Hughes®; Rick Lenny – Former CEO of Hershey’s®; Dick Mayer – Former CEO of Kraft Foods® and Kentucky Fried Chicken®; Bob Morrison – Former CEO of Quaker Oats® and Kraft Foods®; Robert Shapiro – Former CEO of Nutrasweet® and Monsanto®, as well as other corporate executives of similar pedigree.
“Thanks to their unique characteristics, Z Trim’s industrial ingredients provide superior functionality as binders, adhesives, viscofiers and emulsifiers,” said Steve Cohen, Z Trim’s CEO. “Roger Stone is someone who not only understands what it takes to start and build a successful business, but also how paper and container manufacturers can leverage our innovative products to reduce expense and improve quality. Mr. Stone’s contacts and expertise will enable us to accelerate the development, testing and approval of new products designed specifically for these key target markets.”
“Z Trim’s products have tremendous potential in a number of industries,” said Roger Stone. “I look forward to assisting the management team to help it reach that potential.”
ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is a bio-technology company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets. The Company’s food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems. The Company’s revolutionary technology provides value-added ingredients across virtually all food industry categories. The Company’s all-natural products, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity – all without degrading the taste and texture of the final food products. Perhaps most significantly, Z Trim’s products can help extend finished products, and thereby increase its customers’ gross margins. The Company’s industrial division, opened in 2012, plans to sell eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries. The Company’s industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Legend Securities, Inc.
SOURCE Z Trim Holdings, Inc.