z-trim holdings (ZTHO) Key Developments
Z-Trim Holdings, Inc. Announces Management Changes
Jan 14 15
Z Trim Holdings, Inc. announced that it has appointed veteran Directors Edward B. Smith, III and Morris Garfinkle as CEO and Chairman of the Board, respectively, effective January 8, 2015. Outgoing CEO Steven J. Cohen will become Managing Director of Communication and Planning. Ed Smith is the Managing Partner of Aristar Capital Management, LLC. From April 2005 through December 2014, Mr. Smith was the Managing Partner of Brightline Capital Management, LLC. Garfinkle is the Founder, Chairman and CEO of Tailwind Consultants, LLC and Co-Founder of Kelly Garfinkle Strategic Restructuring, LLC.
Z Trim Holdings, Inc. Announces Sales Results for the Third Quarter of 2014
Oct 8 14
Z Trim Holdings, Inc. announced sales results for the third quarter of 2014. For the quarter, the company reported a 21.7% increase in sales over the same period in 2013.
Z Trim Holdings, Inc. Promotes John Elo to CFO
Aug 18 14
Z Trim Holdings, Inc. announced that it has promoted Controller, John Elo, to Chief Financial Officer effective August 18, 2014. Prior to joining the company in 2012, Mr. Elo spent over 25 years in corporate finance management at prominent food manufacturing, retail sales and financial services firms. Mr. Elo will take over from current CFO and Chief Legal Officer, Brian Chaiken, who is returning to Florida with his family.
Z Trim Holdings, Inc. Announces Commencement of Animal Feeding Study to Quantify the Physiological Effects of Biofiber Gum
Aug 13 14
Z Trim Holdings, Inc. announced the imminent commencement of an animal feeding study by an independent laboratory to quantify the physiological effects of its recently launched ingredient, Biofiber Gum ("BFG"), on weight gain and cholesterol. Prior studies that identified such health benefits, using similar but non-commercialized soluble fiber, are available upon request. ZTH will further evaluate BFG's impact on Arabinoxylans Oligosaccharides (AXOS) ratios. Of importance are the physiological effects of AXOS on: liver fat; cholesterol; inflammatory cytokines; bacteria for kidney, heart and colon health; intestinal gene expression; type II diabetes; and obesity. Previous animal feeding studies on the benefits of ingesting AXOS (the major components of BFG) have shown improved colon health as well as positive effects on the immune system, obesity, cholesterol levels and type II diabetes.
Z Trim Holdings, Inc. Launches Food Grade Biofiber Gum
Aug 9 14
Z Trim Holdings, Inc. announced the commercial launch of a food-grade, soluble dietary fiber ingredient called Biofiber Gum. BFG is a high quality emulsifier that not only has outstanding microencapsulation capabilities relative to leading gums, but can also supplement the delivery of essential dietary fiber. In addition, ZTH believes that BFG can offer important health benefits when added to foods.