Full Press Release Details
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| Bruce Russell | ||
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Cyanotech Names William R. Maris as CFO
KAILUA KONA, Hawaii (December xx,
2005) Cyanotech Corporation (Nasdaq Capital Market: CYAN), a world leader in
producing high-value nutrition and health products from microalgae, has named
William R. Maris as Chief Financial Officer and Vice President of Finance and
Administration, effective January 1, 2006.
Maris was CFO, Treasurer and
Secretary of Market Transport, Ltd., a logistics and transportation provider
based in Portland, Oregon. Previously, he was CFO and Vice President,
Operations of Wholesome and Hearty Foods ( Garden Burger ), a food products
manufacturer in Portland, and CFO and Treasurer of Crown Pacific, Ltd., a
forest resources and manufacturing concern in Portland. Earlier, Maris was a
division treasurer and financial manager for AMFAC, Inc. in Honolulu, Hawaii.
He began his career at Touche Ross and Company becoming senior auditor and
Bill s background in
finance and accounting adds strength to our management team, said Dr. Gerald
R. Cysewski, Chairman, President and CEO of Cyanotech. Additionally, his
experience in food products manufacturing and logistics should add value as
Cyanotech advances its growth initiatives worldwide.
Cyanotech Corporation, a
world leader in microalgae technology, produces BioAstin Natural Astaxanthin and Hawaiian Spirulina Pacifica all natural, functional
nutrients that enhance human health and nutrition, providing significant
antioxidant, anti-inflammatory and immune response benefits. NatuRose Natural Astaxanthin is a natural
pigment source that also promotes animal health and nutrition, primarily in
aquaculture. Phycobiliproteins are fluorescent pigments used in medical
diagnostic testing and research. Cyanotech produces these products from
microalgae grown at its 90-acre facility in Hawaii using patented and proprietary
technology. Cyanotech products are distributed to nutritional supplement,
nutraceutical, cosmeceutical, and animal feed makers and marketers in more than
30 countries worldwide. Cyanotech was the first microalgae company in the world
to obtain ISO 9001:2000 certification.
Corporate data and product information are available at
Harbor Statement under the Private Securities Litigation Reform Act of 1995
Except for statements of
historical fact, the statements in this news release are forward-looking. Such
statements are subject to a number of risks and uncertainties that could cause
actual results to differ materially from the statements made. These factors
include, but are not limited to, general economic conditions, forecasts of
sales in future periods, changes in sales levels to Cyanotech s largest
customers, weather patterns, production problems caused by contamination, risks
associated with the acceptance of new products, competition, foreign exchange
fluctuations, government regulation, and other factors more fully detailed in
the Company s recent Form 10-Q and annual form 10-K filings with the
Securities and Exchange Commission.
73-4460 Queen Kaahumanu Highway, #102 - Kailua-Kona, Hawaii 96740
(808) 326-1353 fax (808) 329-3597 ~ www.cyanotech.com