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May 30, 2002

USA: NCLI names new chairman, vice chairman, CEO and three directors

St. Petersburg, Florida-based Nutraceutical Clinical Laboratories International (NCLI) yesterday [Wednesday] announced the appointment of Gary L. Harrison as chairman and CEO, William J. Catacosinos as vice chairman, and the addition of three new outside directors to its board. Paul Simmons, the company's founder, remains a member of the board and will focus on special projects.

St. Petersburg, Florida-based Nutraceutical Clinical Laboratories International (NCLI) yesterday [Wednesday] announced the appointment of Gary L. Harrison as chairman and CEO, William J. Catacosinos as vice chairman, and the addition of three new outside directors to its board.

Paul Simmons, the company’s founder, remains a member of the board and will focus on special projects.

Harrison, who joined NCLI two months ago, will retain his current title of president, as well as chairman and CEO. Prior to joining NCLI, Harrison was president and COO of Mrs. Smith’s Bakeries, the frozen and specialty baking operations for Flowers Foods. Harrison held various management positions at Flowers over a 40 year career.

William J. Catacosinos is the managing partner of Laurel Hill Capital Partners, LLC, a private equity investment firm. Dr. Catacosinos also serves as the chairman, president and CEO of TNP Enterprises. He joined the board of NCLI last month.

NCLI also announced the appointment of Phil E. Pearce, Robert Gillham, and George J. Sideris to its board of directors. Pearce will chair the audit committee, and Sideris will chair the compensation committee.

Pearce was formerly a member of the board of governors of the New York Stock Exchange (NYSE) and chairman of the National Association of Securities Dealers (NASD). He served as a senior executive and member of the board of E.F. Hutton. He is currently MD of Phil E. Pearce & Associates Financial Consultants and a director on the boards of several public companies.

Gillham, until his retirement last year, was MD and head of the Global Power and Environmental Group of Chase Securities. Gillham is widely regarded as a leading banker to the utility industries. He served two terms as a member of the Advisory Council to the board of directors of the Institute of Nuclear Power Operations.

George J. Sideris was a senior VP, CFO and member of the board of directors of the Long Island Lighting Company. Earlier in his career he was executive VP and member of the board of directors of Qualpeco Services, and VP and chairman of US Industries.

Harrison commented: “We are putting in place a professional management team and an experienced board of directors to provide NCLI with the managerial talent and the business guidance it needs to become a much larger company.

“We will soon announce a new organisational structure to achieve our business objectives,” Harrison continued.

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