Full Press Release Details
| News Release | Contact: Bruce Russell |
| (310) 559-4955 x101 | |
| brussell@cyanotech.com |
Cyanotech Names Deanna Spooner as
KAILUA KONA, Hawaii (October 31, 2008)
Cyanotech Corporation (Nasdaq: CYAN), has named Deanna L. Spooner as Chief
Financial Officer, effective November 14, 2008. She succeeds William R. Maris, who has
accepted a CFO position with another company.
Ms. Spooner joined Cyanotech as Controller in January 2008. Previously, she worked in Hawaii as a
financial consultant to varied commercial enterprises; as CFO and COO of ADcom
Information Services of Deerfield Beach FL; as CFO and VP Administration of
Hygeia Pharmaceuticals of San Diego CA; as Manager of Accounting and SEC
Reporting at Oak Industries of Rancho Bernardo CA; and with Deloitte, Haskins &
Sells, Audit Department in San Diego CA and Seattle WA.
Deanna brings a level of professionalism and a
leadership quality that is necessary to ensure we achieve our goals, said
Andrew H. Jacobson, President and CEO of Cyanotech. Her appointment will allow us to continue on
our path without interruption or learning curve.
We also want to recognize the significant
contributions of Bill Maris during his tenure at Cyanotech, added
Jacobson. He took hold of the company s
financial operations during a critical and challenging period.
Corporation, a world leader in microalgae technology, produces BioAstin Natural Astaxanthin and Hawaiian Spirulina Pacifica all natural, functional nutrients that
leverage our experience and reputation for quality, building nutritional brands
which promote health and well-being. Cyanotech s spirulina, FDA reviewed and
accepted as Generally Recognized as Safe (GRAS) for use as a food ingredient,
augments energy and immune response. BioAstin s benefits derive from its
superior antioxidant activity and from its ability to support and maintain
natural inflammatory response, enhancing skin, muscle and joint health.
Cyanotech produces these products from microalgae grown at its 90-acre facility
in Hawaii using patented and proprietary technology and distributes them to
nutritional supplement, nutraceutical and cosmeceutical makers and marketers in
more than 40 countries worldwide. Cyanotech was
the first microalgae company in the world to obtain ISO
9001:2000. Visit www.cyanotech.com for more information.