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Gelstat appoints president

This article was originally published in The Tan Sheet

Executive Summary

William Colucci is appointed president, a newly created position, the OTC marketer announces Sept. 5. Colucci's knowledge and relationship in the financial community will play a key role in the firm's long-term strategies, the company notes. "We expect that Bill's experience analyzing business processes and improving operation performance coupled with [marketing efforts] will dramatically accelerate our pace to return GelStat to profitability," CEO and Chairman James LaFlamme says in a statement. The firm markets GelStat brand OTC treatments for pain and inflammation in retail chains, independent retailers, pharmacies and direct-to-consumer channels...

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