EARI Beverage Group (OTCMKTS:EARI) announced the appointment of Joel Kleinfeld as Chief Operating Officer, on September 13, 2022. He has been the President for 20 years at MJC, an industry leading retail clothing line, where he grew and ran the product portfolio, generating a whopping $60 million in annual sales while managing over 100 employees who worked at offices in California, New York, Illinois and China.
Trading Data
On Tuesday, EARI stock lost 4.42% to $0.0400 with more than 8K shares, compared to volume of 42.57K shares. The stock moved within a range of $0.0400 – 0.0411 after opening trade at $0.0411.
EARI Beverage Group Appoints Joel Kleinfeld as Chief Operating Officer
Kleinfeld brings more than four decades of experience to the table, as a business leader and sales executive, with a history of achieving success, implementing game-changing strategies and opportunities, driving substantial sales and revenue growth, streamlining processes, and minimizing expenses.
Kleinfeld served as Executive Vice President at Mad Engine LLC, from 2014 to 2016, where he developed strong relationships with Fortune 500 retailers, including Wal-Mart, Target, Kohl’s, and Fred Meyer. He even negotiated and secured multi-year license deals with Star Wars, Marvel, and Coke, which boosted sales from $0 to $12 million within two years. Quite recently, he served as President at Hemp2o, a fast-growing beverage company focused on hemp-infused waters.
CEO, Bernard Rubin, is elated to welcome Joel Kleinfeld on board. He is confident that Kleinfeld can expand and consolidate their strategic business units and portfolio of brands.
Key Quote
“We are delighted to have Joel onboard with us and have the utmost confidence in his ability to grow and consolidate our strategic business units and portfolio of brands. Joel assumes responsibility for supply chain, manufacturing, and sales, focusing on driving the efficiencies and profitability for the group,” commented CEO, Bernard Rubin.
Technical Data
EARI stock is trading above the 20-Day and 50-Day Moving averages of $0.0531 and $0.0827 respectively. However, the stock is trading below the 200-Day moving average of $0.0745. The company has a total market capitalization of $4.24 million.
