Business Services Industry
Natural Health Trends Appoints Padilla Speer Beardsley as Public Relations Agency of Record
Business Wire, Oct 6, 2006
DALLAS -- Natural Health Trends Corp. (NASDAQ: BHIP) (the "Company"), a leading international direct selling company, today announced the appointment of Padilla Speer Beardsley (PSB) as the Company's public relations firm of record. PSB will be providing the Company with corporate and marketing communications as well as investor relations services.
PSB is an employee-owned multi-specialty public relations firm with headquarters in Minneapolis and an office in New York City. The NHT account will be handled by PSB's New York office.
Commenting on the appointment of PSB, Stephanie H. Hayano, the Company's President and Chief Executive Officer, said: "We are pleased to have PSB as our communications partner as the Company moves to the next level of growth under new leadership. PSB has already provided valuable counsel in our recent management transition, and we look forward to having them support our communications outreach to the Company's stakeholders globally."
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling company operating through its subsidiaries in 15 countries throughout Asia, North America, Europe and Latin America. The Company markets premium quality personal care products under the NHT Global (formerly Lexxus International) brand. Additional information can be found on the Company's Website, and management encourages interested parties to register for updated corporate information via e-mail on the Company's homepage, www.naturalhealthtrendscorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our relationship with our distributors; our need to continually recruit new distributors; our internal controls and accounting methods that may require further modification; regulatory matters governing our products and network marketing system; our ability to recruit and maintain key management; adverse publicity associated with our products or direct selling organizations; product liability claims; our reliance on outside manufacturers; risks associated with operating internationally, including foreign exchange risks; product concentration; dependence on increased penetration of existing markets; the competitive nature of our business; and our ability to generate sufficient cash to operate and expand our business.
For a more detailed discussion of the risks and uncertainties of our business, please refer to our Annual Report on Form 10-K and our amended Annual Report on Form 10-K/A for the fiscal year ended December 31, 2005 filed with the Securities and Exchange Commission. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
About Padilla Speer Beardsley
Padilla Speer Beardsley is an employee-owned, multi-specialty public relations consulting firm with headquarters in Minneapolis and an office in New York. It is a founding partner of the Worldcom Public Relations Group, a consortium of 100 independently owned partner offices in 133 cities on six continents. PSB's clients include BASF, Ernst & Young, Northwest Airlines, General Mills and Rockwell Automation. The firm's Web site is www.psbpr.com.
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