Chart looks great with Bullish MACD Crossover as well as 50dma nearing a crossover with the 200dma.
There aren't many OTCBB stocks with real products that you can actually see. Just go to your local Walgreens, and you will see the Gelstat products on the shelves.
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GelStat Strengthens Its Marketing and Sales Team With the Appointment of Industry Veteran Gary Reich as Its President and CEO Monday January 8, 8:00 am ET
ST. PAUL, MN--(MARKET WIRE)--Jan 8, 2007 -- GelStat Corporation (Other OTC:GSAC.PK - News), a consumer healthcare company primarily focused on the development and marketing of over-the-counter (OTC) products for the safe and effective treatment of pain and inflammation, announces that Gary Reich was appointed to serve as President and Chief Executive Officer of the Company. Mr. Reich replaces Richard Ringold who has decided to leave the company to pursue other interests. ADVERTISEMENT
Jim LaFlamme who was simultaneously appointed as the Company's Chairman of the Board of Directors, stated, "I want to thank Richard for his tireless efforts at GelStat and wish him the best of luck with his future endeavors. Without Richard's unwavering devotion to the Company we would not have the opportunity we have today." Mr. LaFlamme also said," We are excited that Mr. Reich has accepted the position as the Company's President and CEO. His extensive marketing and sales experience with a broad range of consumer health care products is precisely what the Company needs at this stage of its evolution. GelStat has built a very valuable portfolio of OTC healthcare products including GelStat(TM) Migraine, GelStat(TM) Arthritis, GelStat(TM) Sleep and GelStat(TM) Sinus. With all of these products fully developed, it is now the time to build brand awareness and sales."
Mr. Reich brings to GelStat over 20 years of marketing, sales and business development experience including numerous executive positions. Mr. Reich has successfully launched pharmaceutical, nutritional and OTC healthcare products; developed and executed numerous business plans; and developed trade policies and practices. He has provided representation, forecasting, marketing, sales, invoicing, collection and inventory control systems; as well as successfully integrating product acquisitions and the management of rapid sales growth.
Mr. Reich commented, "The world has become more health conscious, which has fueled the demand for dietary supplements and homeopathic healthcare products containing tried and true ingredients. GelStat's current products address a broad range of health issues that affect more than 100 million consumers in the U.S. alone. With the proper brand awareness, marketing and advertising campaigns, GelStat has enormous market potential to grow into a leader.
ABOUT GELSTAT CORPORATION
GelStat Corporation is dedicated to providing safe and effective over-the-counter (OTC) treatments for pain and inflammation. GelStat's first product, GelStat Migraine, is sold nationwide through retail chain stores, independent retailers and pharmacies, and direct to consumer channels. GelStat Migraine is a sublingually (under the tongue) administered OTC medication for acute relief from the pain and associated symptoms of migraine. Over 90 percent of the 30 million Americans with migraine use OTC headache remedies, generally aspirin or other non-steroidal anti-inflammatory drugs. Americans spend $2.6 billion each year on 600 million units of such products, although they are believed to be effective for only about 25 percent of those with moderate to severe migraine.
Click the following links to view supporting information on the effectiveness of GelStat Migraine:
Initial Clinical Trial of GelStat Migraine Shows it to be Effective for 83 Percent of those with Moderate to Severe Migraine
GelStat is Effective in Relieving Migraine Pain in a Double-Blind, Placebo-Controlled study
2 Minute Video Demonstrating the Product and its Successful Treatment of a Migraine Headache
The Company also has a suite of additional, effective healthcare products that address large consumer markets. GelStat(TM) Arthritis is the second available product to utilize GelStat's patent-pending formulation and is provided as a daily use, sublingual dissolving tablet. The Center for Disease Control estimates that, in its many forms, arthritis affects up to 70 million Americans. The Company has also developed "GelStat(TM) Sinus" and "GelStat(TM) Sleep," and believes that each of these products performs well and is effective for its intended use. The National Institute of Allergy and Infectious Disease estimates that 37 million Americans are affected by sinusitis every year, with at least 20 million more suffering from allergies. Approximately 70 million Americans are reported to be "problem sleepers."
Business Description: GelStat develops safe and effective non-prescription (OTC) consumer health care products, primarily to treat conditions of pain and inflammation. GelStat Migraine, the first product available as a result of these efforts, is a sublingual (under the tongue) OTC medication for acute relief from the pain and associated symptoms of migraine. It is widely available in retail drug stores nationwide.
Primary State of Incorporation: Minnesota
Country of Incorporation: USA
Officers: Richard Ringold, CEO/CFO; Douglas Root, Chief Scientist; Michael Chavanu, Dir.
Fiscal Year End: December 31
CIK: 0000890725
Outstanding Shares: 15,576,275 as of 2005-11-14 Posts: 204 | Registered: Apr 2006
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As the news from Monday was the announcement of the new CEO, as with all companies, the New CEO's want to make an immediate impact, so I expect some announcement any day about something new (distribution deal, marketing campaign,...) and with the new guys background and connections, I am sure it will be a good one.
Posts: 204 | Registered: Apr 2006
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