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SOURCE Z Trim Holdings, Inc.
MUNDELEIN, Ill., June 18, 2014 /PRNewswire/ -- Z Trim Holdings, Inc. ("ZTH") (OTC Markets: ZTHO – News), a bio-technology company providing value-added ingredients to a variety of industries, today announced that it has retained Gordon F. Brunner, a former Chief Technology Officer of Procter & Gamble® (NYSE: PG), as an External Consultant. Mr. Brunner will assist the management team in several key areas, including: the review of all matters relating to the company's intellectual property; research and development of products, processes and applications derived from that property; the investigation of strategic research partnership opportunities; and initiatives designed to raise awareness regarding Z Trim's technology capabilities in relevant commercial, industrial, scientific and investment sectors.
Mr. Brunner spent nearly four decades at Procter & Gamble. As Senior Vice President, Chief Technology Officer and Head of Worldwide Research and Development, he was instrumental in accelerating product innovation and led the creation of one of the most effective global R&D organizations. A native of Des Plaines, IL, Mr. Brunner earned a BS in Biochemical Engineering from the University of Wisconsin and an MBA from Xavier University. He has served on Z Trim's Advisory Board since 2011.
"Gordon Brunner has been an invaluable asset on our Advisory Board and we are thrilled that he will be taking on a more significant role going forward," said Steve Cohen, Z Trim's CEO. "He has the knowledge and expertise to assist our Company in developing, protecting and leveraging our unique and disruptive technologies and products."
Kyle Hanah, Z Trim's VP of Technology said, "I am really excited about the opportunity to work with one of the technology greats. Gordon will not only help us build upon our substantial intellectual property, but he will also be a valuable advisor in negotiations as we begin licensing our technology to cellulosics wastes producers. We can offer food grade and industrial solutions to our partners."
"After a recent review of Z Trim's technology roadmap, I am optimistic that there are a range of further applications for the company's fractionation technology, including in the biofuel industry," said Mr. Brunner. "I am most impressed by the technology platform's capability to produce highly functional soluble arabinoxylans at a commercially viable cost through the company's new Bio Fiber Gum (BFG) product. This is something that scientists have been working on since the late 1950s without success. Potential uses range from nutritional fiber additives to emulsifiers."
ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is a bio-technology company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets. The Company's food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems. The Company's revolutionary technology provides value-added ingredients across virtually all food industry categories. The Company's all-natural products, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity – all without degrading the taste and texture of the final food products. Perhaps most significantly, Z Trim's products can help extend finished products, and thereby increase its customers' gross margins. The Company's industrial division, opened in 2012, sells eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries. The Company's industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.
Forward-Looking Statements and Risk Factors
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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