American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
LOS ANGELES, March 14, 2017 -- Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and ”quality of life“ products under the NHT Global brand, today announced the appointment of Marcum LLP (“Marcum”) as its independent registered public accounting firm.
Marcum, one of the largest independent public accounting firms in the U.S., will replace Lane Gorman Trubitt, LLC (“Lane Gorman”), as the Company's independent auditor for the fiscal year ending December 31, 2017. Marcum’s China and SEC Practice Groups both provide middle market clients with unparalleled expertise, resources and credibility. The Audit Committee approved the appointment of Marcum and notes that the decision to change principal accountants was not the result of any disagreement between the Company and Lane Gorman on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
“I would like to express our sincere appreciation and gratitude on behalf of the Board of Directors and management for Lane Gorman’s professional service throughout the years,” commented Chris Sharng, President of Natural Health Trends Corp. “We look forward to working with Marcum given the firm’s strong reputation for audit and assurance, significant experience working with publicly traded companies and international business expertise. With their presence in the U.S. and China, we believe Marcum is uniquely positioned to support our Company as we navigate the complex international and domestic regulatory environments.”
Marcum is expected to begin work immediately by reviewing the Company’s financial results for the first quarter of 2017.
About Natural Health Trends Corp.
Natural Health Trends Corp. (NASDAQ:NHTC) is an international direct-selling and e-commerce company operating through its subsidiaries throughout Asia, North America, and Europe. The Company markets premium quality personal care products under the NHT Global brand. Additional information can be found on the Company’s website at www.naturalhealthtrendscorp.com.
Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Forward-looking statements in this press release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those anticipated. Such risks and uncertainties include the risks and uncertainties detailed under the caption “Risk Factors” in Natural Health Trends Corp.’s Annual Report on Form 10-K filed on March 10, 2017 with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
CONTACTS: Company Contact: Scott Davidson Senior Vice President and Chief Financial Officer Natural Health Trends Corp. Tel: 310-541-0888 [email protected] Investors: ADDO Investor Relations Tel: 310-829-5400 [email protected]
