PLANO, Texas, July 6, 2021 /PRNewswire/ — NuZee, Inc. (NASDAQ: NUZE) (“NuZee” or “the Business”), a primary U.S. producer and co-packer of specialty single serve pour-over coffee pouches and pour more than drip cups, today declared that Patrick Shearer has joined NuZee as its new Chief Economic Officer, successful straight away.

Mr. Shearer provides to NuZee more than 25 yrs of knowledge in accounting, finance, transactions and administration. Mr. Shearer has held a lot of senior leadership positions all through his job and has practical experience in a selection of industries including meals and beverage. Mr. Shearer served as a Spouse in the Chance and Fiscal Advisory Companies observe of Deloitte in which his main concentrate areas provided accounting advisory, finance, mergers, acquisitions, divestitures, and capital markets. Mr. Shearer has important intercontinental working experience getting lived and labored in Japan in a specialist potential and getting done a lot of cross-border projects largely involving companies based mostly in North The us, Asia, and Europe. Mr. Shearer holds a Bachelor of Arts in Economics from the College of California, Los Angeles and is a Certified Community Accountant in the State of California.

Patrick Shearer mentioned, “I’m honored and psyched to be part of NuZee and be a aspect of the group that is positioning the organization for its future stage of projected growth and enhancement. I search ahead to signing up for Masa and the other lately appointed customers of management in NuZee’s initiatives to enhance its economic place.”

Mr. Shearer succeeds Shanoop Kothari as NuZee’s Main Economic Officer. Mr. Kothari’s earlier disclosed resignation from the Firm will develop into efficient no later than August 16, 2021. Till his departure, Mr. Kothari is predicted mainly to help with the changeover to Mr. Shearer as NuZee’s new Main Fiscal Officer.

Masa Higashida, President and CEO of NuZee, stated, “Patrick is a fantastic addition to our newly reconstituted government management crew, bringing many years of practical experience in the finance marketplace. His expertise in finance, M&A and cash markets will be beneficial to NuZee, as we position our organization for envisioned expansion forward. I also want to thank Shanoop Kothari for his important contributions to NuZee through his time at the Corporation. We want him effectively in his subsequent endeavor.”

Ahead-looking Statements

This press launch incorporates ahead-hunting statements that are designed pursuant to the protected harbor provisions inside of the which means of Section 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. NuZee cautions you that such statements are simply predictions and genuine functions or benefits may vary materially. These statements mirror NuZee’s present anticipations, and NuZee does not undertake to update or revise these forward hunting statements, even if knowledge or foreseeable future variations make it apparent that any projected benefits expressed or implied in this or other NuZee statements will not be realized. More, these statements entail challenges and uncertainties, lots of of which are further than NuZee’s regulate, which could result in real outcomes to differ materially from the forward-seeking statements. These threats and uncertainties, numerous of which are past our management, include things like: NuZee’s plans to receive funding for its functions, including funding vital to create, manufacture and commercialize its products and solutions the impression to NuZee’s company from the COVID-19 global disaster normal industry acceptance of and desire for NuZee’s products and solutions and NuZee’s commercialization, marketing and production capabilities and approach for a description of further variables that may well induce NuZee’s true success, general performance or expectations to differ from any forward-looking statements, make sure you overview the information and facts established forth in the “Danger Factors” and “Management’s Discussion and Examination of Monetary Ailment and Benefits of Functions” sections of the NuZee’s general public 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 business and a main U.S. single-serve pour-around espresso pouch producer and co-packer. We individual refined packing products created in Asia for one serve pour in excess of manufacturing. We co-pack solitary-serve pour-about coffee and tea bag fashion coffees for consumers in the U.S. market place and also co-pack for the South Korean market.

NuZee Logo (PRNewsfoto/NuZee, Inc.)

NuZee Emblem (PRNewsfoto/NuZee, Inc.)



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