PITTSBURGH - July 22, 2014 /PRNewswire - Unique Pizza and Subs Corporation (OTC Markets Groups Inc.: OTC Pink: UPZS) today announced it has engaged Dr. M. (Mali) S. Reddy, world class dairy industry scientist, executive, and three-time Nobel Peace Prize nominee to advise the Company on global business development strategy and implementation.
Dr. Reddy is founder and president of Denver-based American Dairy and Food Consulting Laboratories and International Media and Cultures (IMAC Inc.) which has ten manufacturing plants selling, products throughout the United States, Canada, Europe, India and Latin America. He was nominated for the Nobel Peace Prize in 2012, 2013 and 2014. He holds over 150 U.S. and international patents and has published over 70 scientific articles on dairy starter cultures, probiotics, pharmaceuticals, and complementary alternative medicines pertaining to Probiotics and has authored several books.
Dr. Reddy has served as a technical consultant to over 70 national and international companies all over the world including industry related Domino's Pizza and Papa Johns. He has received many awards in scientific research, community service, and entrepreneurship including the Richard Hoyt award, Sigma-Xi Research award, Outstanding Scientist award, Entrepreneur and Businessman of the year award, International Entrepreneur award and the President Ronald Regan Gold Medal. He holds M.S. and Ph.D. degrees in food technology, microbiology and (virology) with honors and distinctions from Iowa State University.
Effective July 22nd, Unique Pizza and Subs has engaged Dr. Reddy for 13 months, with renewal options, to advise the Company on developing new products, new cheese blends, development and implementation of a frozen pizza-to-market strategy in Asia and U.S. to include supply chain, logistics, packaging, shipping, financing as well as taking part of the day to day operations.
Unique Pizza and Subs is compensating Dr. Reddy with seven million shares of the Company restricted stock, which will make Dr. Reddy a ten percent shareholder in UPZS. Dr. Reddy has also acquired the rights to become the master franchise of India.
James Vowler, Unique Pizza and Subs President, CEO and Chairman of the Board of Directors, said, "Dr. Reddy is an extraordinary man whose expertise in cheese and food science is matched only by his immense success in the dairy industry as an accomplished entrepreneur, transnational business executive and philanthropist. We are pleased to begin working with him closely on our global frozen pizza marketing initiative, and confident that his contribution will help transform our company into the global industry leader we have always envisioned. During one of our meetings in Denver, Dr. Reddy mentioned that one of his biggest regrets was not becoming the master franchise of Domino's Pizza, when he had the opportunity to do so. We are as excited as he is that he has decided to not make the same sort of mistake twice! Over this past year I have had the great opportunity to get to know and respect Dr. Reddy and it is easy to see why we are excited to exploit his 40 plus years of industry leading experience, connections and knowledge for the extreme benefit of the company and its loyal shareholders."
Pittsburgh, PA-based Unique Pizza and Subs Corporation is focused on worldwide frozen pizza production and distribution as well as its legacy business of franchising, conversions, and ownership and operation of pizza and sub shops.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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