NuZee Appoints Patrick Shearer as New Main Fiscal Officer | Texas

PLANO, Texas, July 6, 2021 /PRNewswire/ — NuZee, Inc. (NASDAQ: NUZE) (“NuZee” or “the Company”), a top U.S. producer and co-packer of specialty solitary serve pour-more than coffee pouches and pour over drip cups, now declared that Patrick Shearer has joined NuZee as its new Chief Economical Officer, helpful immediately.

Mr. Shearer brings to NuZee in excess of 25 several years of expertise in accounting, finance, transactions and management. Mr. Shearer has held various senior management positions throughout his vocation and has practical experience in a range of industries which includes food stuff and beverage. Mr. Shearer served as a Partner in the Hazard and Economical Advisory Providers observe of Deloitte where by his key aim areas bundled accounting advisory, finance, mergers, acquisitions, divestitures, and cash markets. Mr. Shearer has important intercontinental experience having lived and worked in Japan in a experienced ability and owning finished numerous cross-border projects mostly involving businesses primarily based in North America, Asia, and Europe. Mr. Shearer holds a Bachelor of Arts in Economics from the College of California, Los Angeles and is a Licensed Public Accountant in the Point out of California. 

Patrick Shearer stated, “I am honored and enthusiastic to join NuZee and be a section of the workforce that is positioning the enterprise for its next stage of projected development and progress. I glance ahead to becoming a member of Masa and the other recently appointed members of administration in NuZee’s efforts to increase its financial position.”

Mr. Shearer succeeds Shanoop Kothari as NuZee’s Chief Money Officer. Mr. Kothari’s beforehand disclosed resignation from the Corporation will turn into powerful no afterwards than August 16, 2021. Until eventually his departure, Mr. Kothari is anticipated mostly to guide with the changeover to Mr. Shearer as NuZee’s new Main Financial Officer.

Masa Higashida, President and CEO of NuZee, claimed, “Patrick is a fantastic addition to our freshly reconstituted executive leadership workforce, bringing several years of expertise in the finance industry. His knowledge in finance, M&A and funds marketplaces will be effective to NuZee, as we situation our business for envisioned expansion forward. I also want to thank Shanoop Kothari for his important contributions to NuZee through his time at the Firm. We desire him perfectly in his up coming endeavor.”

Forward-looking Statements

This press launch is made up of forward-seeking statements that are designed pursuant to the safe and sound harbor provisions in just the meaning of Part 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended. NuZee cautions you that this sort of statements are just predictions and actual functions or results may perhaps vary materially. These statements mirror NuZee’s current anticipations, and NuZee does not undertake to update or revise these forward wanting statements, even if working experience or future alterations make it crystal clear that any projected success expressed or implied in this or other NuZee statements will not be realized. Further, these statements include risks and uncertainties, numerous of which are past NuZee’s management, which could induce true benefits to vary materially from the ahead-searching statements. These threats and uncertainties, quite a few of which are over and above our management, involve: NuZee’s strategies to acquire funding for its functions, which include funding needed to create, manufacture and commercialize its merchandise the impact to NuZee’s organization from the COVID-19 worldwide crisis standard current market acceptance of and desire for NuZee’s items and NuZee’s commercialization, marketing and advertising and manufacturing abilities and strategy for a description of further aspects that may perhaps induce NuZee’s actual outcomes, general performance or anticipations to vary from any ahead-on the lookout statements, remember to evaluation the details established forth in the “Risk Factors” and “Management’s Discussion and Investigation of Monetary Condition and Outcomes of Operations” sections of the NuZee’s community studies and NuZee’s other filings designed with the SEC.

About NuZee and Espresso Blenders

NuZee, Inc. (d/b/a Coffee Blenders®) is a specialty coffee firm and a main U.S. single-provide pour-in excess of coffee pouch producer and co-packer. We very own refined packing equipment designed in Asia for one serve pour over manufacturing. We co-pack solitary-serve pour-in excess of espresso and tea bag style coffees for prospects in the U.S. industry and also co-pack for the South Korean sector. 

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