VISTA, Calif., USA – NUZEE, INC., a Company that used to focus on specialty coffee and technologies, is expanding its sales and distribution channels in Asia for various types of consumer food and beverage products, fueled with its online sales platform utilizing the natural language search function, one type of artificial intelligence applications.
The Company announced that it has changed the senior management and the Board has decided to add a new line of business- selling and distributing maca infused food and beverage products in a number of Asian countries.
The recent adjustments of the executive officers and board members, among others, include: i）Ms. Jianshuang Wang appointed as the Chairman of the Board of Directors and the Co-Chief Executive Officer, and ii) Mr. Randy Weaver promoted to the Co-Chief Executive Officer in addition to acting as the Company’s Chief Financial Officer. The new Senior Management is experienced in corporate management and aims to integrate the company’s global resources to accelerate the Company’s sales and distribution and overall business development.
Ms. Jianshuang Wang joined a U.S. listed company (then WeTrade Group Inc., former ticker symbol “WETG,” and now Next Technology Holding Inc. under current ticker symbol “NXTT”) in 2021 and has been serving as the legal representative of its Chinese subsidiary and the director of its Hong Kong subsidiary. During her tenure, she has been responsible for human resources management and supervising the administrative and operational management.
Mr. Randy Weaver has held various senior management positions, such as the Chief Financial Officer at Microcomputer Memories, Inc., Chief Financial Officer at Bimbo Bakeries USA, President and Chief Financial Officer at Natural Alternatives International, Chief Financial Officer of Neptune Wellness Solutions, Inc. and President of Reinvention Unlimited, Inc. Mr. Weaver received an undergraduate degree from California State University- Northridge and a graduate degree from the University of Santa Monica.
Since July 2024, NUZEE has been undergoing its digital marketing, distribution and sales transformation and has extended its sales and distribution network to maca infused food and beverages, committed to reshaping the development of the online marketing, sales and distribution for consumer products.
Since July, 2024, NUZEE has successfully secured the exclusive distribution and sales right for all maca products produced by Jiangsu Kangduoyuan Beverage Co., Ltd., one of the leading maca production bases in Asia, including maca peptide coffee, macanoli fruit beverage, maca wine, maca purified powder, and other full-range products. Through a fully developed digital marketing plan, NUZEE is confident to achieve global sales growth and enable the Company to obtain greater enterprise value. However, there is no guarantee that these efforts will result in the anticipated sales growth or increased enterprise value.
Maca, is a plant of the deciduous family that originated in South America. Oval leaves, rootstock shape like small round radish, edible, maca is a natural food. It is rich in nutrients, high in unit nutrients, and has the function of nourishing and strengthening human bodies, and has the reputation of “South American ginseng.” The main growing areas are the Andes in South America and the Jade Dragon Snow Mountain in Lijiang, Yunnan, China.
Ms. Jianshuang Wang, Co- Chief Executive Officer of NUZEE，commented that, “NUZEE plans to transform to a leading digital marketing, sales and distribution company for consumer products. We have a professional team to help our business partners achieve greater value. In the future, we are planning to work with more business partners to develop business opportunities and create greater value for our business partners and shareholders.”
