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Cost Reductions and New Corporate and Investor Website Continue Guardion’s Evolution Toward Maximizing Resources and Improving Market Access
HOUSTON, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Guardion Health Sciences, Inc. (Nasdaq: GHSI) (“Guardion” or the “Company”), a clinical nutrition and diagnostics company that develops and markets clinically supported nutrition, medical foods, supplements, and medical devices, announces today two key initiatives designed to both improve the customer experience and engagement, as well as to reduce costs throughout the Company.
Guardion has entered into an agreement to terminate the lease on its San Diego, California corporate office and main warehouse facility, which was utilized primarily for the Company’s ocular products business. This agreement will take effect at the end of October and is expected to reduce Guardion’s overhead costs. Guardion is currently in the process of moving its product inventory to a third-party logistics provider. In addition, the Company has launched a new and improved corporate and investor website to better engage with its investors, customers and other stakeholders. The website can be accessed at its current URL, www.guardionhealth.com.
“We continue to evaluate our current activities and how we can maximize customer engagement and increase sales, with a particular focus on the recently-acquired Viactiv business, while also carefully and prudently managing our cost structure, in order to create optimal shareholder value,” said Bret Scholtes, Guardion’s CEO. “By addressing these fundamental issues, we will continue our efforts to move Guardion towards becoming a key player in the clinical nutrition market.”
About Guardion Health Sciences, Inc.
Guardion Health Sciences, Inc. (Nasdaq: GHSI), is a clinical nutrition and diagnostics company. Guardion’s portfolio of science-based, clinically supported nutrition, medical foods, and diagnostic products support healthcare professionals, their patients, and consumers in achieving health goals. Guardion’s commercial and developmental initiatives are supported by equally impressive scientific and medical advisory boards, led by seasoned business executives and physicians with many years of experience. This combination of expertise and scientific knowledge forms the foundation of Guardion’s growing position within the eye care industry and the clinical nutrition marketplace. Information and risk factors with respect to Guardion and its business, including its ability to successfully develop and commercialize its proprietary products and technologies, may be obtained in the Company’s filings with the U. S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.
Forward-Looking Statement Disclaimer
With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements involve unknown risks and uncertainties that may individually or materially impact the matters discussed herein for a variety of reasons that are outside the control of the Company, including, but are not limited to, the Company’s ability to raise sufficient financing to implement its business plan, the integration of a new management team, the integration of one or more acquisitions and targets, the impact of the COVID-19 pandemic on the Company’s business, operations and the economy in general, the Company’s ability to successfully develop and commercialize its proprietary products and technologies, and the Company’s ability to maintain compliance with Nasdaq’s listing requirements. Readers are cautioned not to place undue reliance on these forward-looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company’s filings with the SEC, which are available at the SEC’s website (www.sec.gov). The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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