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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 36,498,999
Close 2014-10-17 C$ 0.24
Market Cap C$ 8,759,760
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Naturally Splendid USA appoints Brink as president

2014-10-20 08:49 ET - News Release

Mr. J. Craig Goodwin reports

MONA VIE INC. FOUNDER AND COO-CHARLES BRINK APPOINTED PRESIDENT OF NATURALLY SPLENDID USA

Naturally Splendid Enterprises Ltd. has appointed Charles Brink as president of the company's 100-per-cent-owned Naturally Splendid USA Ltd. subsidiary, based in Denver, Colo. Mr. Brink has over 30 years of experience in the organization and operational management of a number of successful high-tech start-ups. Mr. Brink was a founder, member of the board, chief operating officer and later general counsel for Mona Vie Inc., the fastest growing private company in the food and beverage industry incorporated in 2003 with annual sales in excess of $942-million and growth of over 100 per cent per quarter for a three-year period. Mr. Brink is a member of the board and managing director of Full Spectrum Laboratories Ltd. -- developing cutting-edge cannabinoid products as well as chairman of the board of Boreal Technologies Inc. creating the exclusive plant-based omega products -- HempOmega and H2Omega.

Mr. Brink's addition as president of Naturally Splendid USA comes following the recent letter of intent with Full Spectrum Laboratories Ltd. (FSL) headquartered in Dublin, Ireland, to license FSL's cannabinoid extraction and patented formulation technologies. The licence will grant Naturally Splendid USA worldwide rights to a suite of advanced cannabinoid technologies, including the first issued USPTO patent for water-soluble cannabinoids, essential for the development and manufacturing of cannabinoid-based nutraceutical and pharmaceutical products and therapies. The licence will allow Naturally Splendid USA to create products and industrial solutions in those countries and jurisdictions that allow for the manufacture and distribution of cannabinoid-based products.

Cannabidiol (CBD) is arguably becoming the most sought-after cannabis compound due to its medicinal and nutraceutical properties:

  • Non-psychoactive;
  • Anti-convulsant;
  • Anti-epileptic;
  • Anti-inflammatory;
  • Antioxidant;
  • Anti-psychotic;
  • Neurological protection.

Naturally Splendid USA's worldwide licence will be for an initial term of 10 years with renewable five-year term options. The licence will allow Naturally Splendid USA to also sublicense these cannabinoid technologies to approved third party companies in countries that allow for the production and distribution of cannabinoid-based products and solutions. A definitive agreement is anticipated to close on or before Oct. 31, 2014. This transaction is subject to TSX-V approval and legal due diligence by NSP.

Naturally Splendid chief executive officer Craig Goodwin stated: "We have had the privilege working with Mr. Brink for the past two years as the business relationship between Naturally Splendid and Boreal Technologies has grown. His business experience, expertise and successes are of the highest pedigree. Charlie is a true visionary who's had a number of significantly successful business ventures, including as the founder of a functional beverage company that accumulated $1-billion in sales in their first three years of operation and then surpassed $1-billion in sales in their fourth year of operation. Charlie's appointment as president is effective immediately."

"It's with great honour that I accept the position of president of Naturally Splendid USA," stated Charlie Brink. "As founder and financier of Full Spectrum Labs, CMH Biotech and Boreal Technologies, I have been able to observe and in fact participate, in the development of Naturally Splendid as our two companies engaged in business at several levels. To date, we have granted Naturally Splendid the exclusive North American rights for Boreal's omega technologies and have more recently signed a letter of intent with the wholly owned U.S. subsidiary intending to grant worldwide licensing rights to our water-soluble cannabinoid technology. In the position of president of Naturally Splendid's American subsidiary, I will be responsible for long-term strategic planning, the development of a professional management team, regulatory compliance and the creation of its manufacturing and distribution infrastructure in the United States in order to prepare for the launch of hemp extracted cannabinoid formulated products and services in 2015."

About Charles Brink, JD -- founder and chairman of Full Spectrum Laboratories LTD. and Boreal Technologies

Mr. Brink is a member of the board and managing director of Full Spectrum Laboratories Ltd. In these capacities, Mr. Brink is responsible for FSL's corporate management, the development and implementation of FSL's strategic plan, and ultimately FSL's financial performance. Mr. Brink has over 30 years of experience in the successful organization and operational management of a number of high-tech start-ups. Mr. Brink was a founder, member of the board, chief operating officer and later general counsel for Mona Vie Inc., the fastest growing private company in the food and beverage industry incorporated in 2003. By the time he retired from Mona Vie in 2008, Mona Vie had achieved annual sales in access of $942-million and had grown over 100 per cent per quarter for a three-year period.

Mr. Brink was responsible for infrastructure development, corporate administration, vendor relationships, human resource management and operational implementation of the business strategy. As a founder, chief executive officer and/or chief operating officer, Mr. Brink has been responsible for creating and managing joint ventures throughout Asia, South America and the Middle East.

Mr. Brink began his career as an assistant district attorney for Bonneville county, Idaho. He later joined Automatic Data Processing Inc. as a corporate attorney specializing in merger and acquisition due diligence and intellectual property management. Mr. Brink founded two engineering software companies that were later sold to larger multinational telecommunications companies. Mr. Brink received his BA degree from Florida Atlantic University, graduating cum laude and his JD degree from Gonzaga University, College of Law.

Naturally Splendid's vice-president of operations Bryan Carson added: "Charlie will be invaluable in the development and launch of the family of hemp extracted cannabinoid formulated products. As reported in earlier news, the initial suite of products will include: micro-encapsulated hemp oil drops with high cannabidol (CBD) expression; CBD-based soaps, lip balms and skin creams; and hemp-extracted, cannabinoid-based functional beverages. Having Charlie steer the development of our hemp-extracted cannabinoid formulated product strategy, will be of significant benefit."

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