Smart for Life Announces Director’s Forum – Insights from the Company’s Independent Directors

MIAMI, August 16, 2022 (GLOBE NEWSWIRE) — Globe Newswire — Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a fast-growing global leader in the health and wellness industry, marketing and manufacturing foods and nutritional supplements worldwide, announced the release of the “Director’s Forum”, a new inaugurated series of videos featuring the independent members of the Smart for Life Board of Directors, their backgrounds and their individual perspectives on the Company and its growth strategy. This episode highlights Ronald S. Altbachprominent capital markets executive and independent director since October 2020.

“Often, while the board is the governing body of any public company, the voice of the directors is not highlighted,” said AJ Cervantes, Jr., executive chairman of the company. “I have known Ron since his early days as a capital markets executive. He has had a long career in the capital markets and has achieved significant successes in his career having held management positions in various sectors, public and private, with extensive experience in investment banking, as a director in several startups, independent directorships in several public companies and significant experience in mergers and acquisitions.

The Smart for life Director’s Forum video featuring Mr Altbach can be found here: www.smartforlifecorp.com/ronald-altbach/

About Ronald S. Altbach

Ron Altbach, 73, has over 40 years of experience as a senior financial services executive with a strong focus on mergers and acquisitions, repeatedly demonstrated by his skills and creativity in building and successfully growing businesses private and public. Experienced venture capitalist and investment banker, Mr Altbach is currently director and director and commercial director of MPS Infrastructure Inc.a supplier of complete industrial scale energy and drinking water solutions on an international scale, mainly in developing countries, in particular the country of Egypt.

Before the founding of MPS Infrastructure Inc., Mr Altbach was director in Regeneration Capital Groupa New YorkNew York-based investment bank that provided financing and listing advice in the United States to middle-market Chinese companies. He was also director of Cambridge Group Managementa financial advisory firm specializing in large-scale infrastructure projects and structured finance globally.

Mr Altbach has held senior positions in a variety of industries including investment banking, marketing, consumer and luxury goods, and media finance. He is an independent board director and shareholder of Catch Media, a cloud-based technology provider with tens of millions of active users worldwide, and is a principal at Games Marketing, the a leading provider of intellectual online gaming solutions. property. From 1998 to 2003, he was founder, president and chief executive officer of Cross-media marketing companya public technology-focused direct marketing company.

From 1995 to 1998, Mr Altbach served as Vice President of Rosecliff, Inc.an eminent New Yorkmerchant bank based primarily in leveraged buyouts. During the same period, he served as President of Paul Sebastien, Inc.a Rosecliff portfolio company that marketed its own fragrance brands, as well as licensed brands, for WE and international department stores. From 1992 to 1994, Mr Altbach was president and principal shareholder of Olcott Company, which dealt with the global distribution of luxury goods to the mass market as well as through direct sales, television sales and premiums. From 1983 to 1987, Mr Altbach conducted media-related fundraising activities in the entertainment industry; positions included co-founder and president of Mediacom Industriesa public financing, production and international distribution company for films and television.

About Smart for Life, Inc.

Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a wide range of nutritional and related products with an emphasis on health and wellness . Structured as a public global holding company, the Company executes a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company with the goal of aggregating companies generating a minimum of $300 million of turnover in the next thirty-six months. To drive growth and profits, Smart for life develops proprietary products and acquires other profitable companies, encompassing brands, manufacturing and distribution channels. The Company currently operates five subsidiaries, including Doctors Scientific Organica, Nexus Offers, Bonne Santé Natural Manufacturing, GSP Nutrition and Ceautamed Worldwide. For more information on Smart for lifeplease visit: www.smartforlifecorp.com.

A video regarding the company’s manufacturing facility at Bonne Santé Natural Manufacturing is available at: www.bonnesantemanufacturing.com/video.

Investor materials and an information sheet containing additional information on Smart for life is available at: www.smartforlifecorp.com/investor-center.

Forward-looking statements

This press release may contain information about our views on future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations regarding the future economic performance of Smart for Life, taking into account information currently available to it. These statements are not statements of historical fact. Although Smart for life believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, it cannot guarantee that its expectations will be achieved. Smart for life does not undertake any obligation to update the statements contained herein (including forward-looking statements), except as required by law. No assurance can be given that Smart for life will successfully acquire its acquisition targets. Further, the opinions of Mr. Altbach contained in the attached video are his own and are not intended to constitute investment advice. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, which could cause the actual results, performance or financial condition of Smart for Life to be materially different from expectations of future results, performance or financial condition. Actual results may differ materially from the expectations discussed in the forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in the “Risk Factors” section included in our documents filed with the Security and Exchange Commission.

Investor Relations

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Tel: (212) 671-1021
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Source: Smart for Life, Inc.

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Melvin B. Baillie