Rapid Therapeutic Science Laboratories Adds Two Independent Directors to Company’s Board
Rapid Therapeutic Science Laboratories (OTC: RTSL) announces the appointment of two independent directors, Dr. Henry Punzi and Justin Suggs, to its Board, fulfilling a key Nasdaq requirement for potential up-listing. CEO Donal Schmidt emphasized that their expertise in medical and practice management will enhance the Company’s governance. Dr. Punzi brings extensive clinical and research experience, while Suggs has over 27 years of professional management experience in medical processes. RTSL specializes in aerosolizing cannabinoid compounds and is preparing to file an IND for its CBD product.
- Appointment of two independent directors fulfills Nasdaq listing requirement.
- Dr. Punzi and Mr. Suggs bring significant expertise to the Board.
- None.
Company Fulfills Important Nasdaq Requirements with Appointment of Dr. Henry Punzi and Justin Suggs as Independent Board Members
DALLAS, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Rapid Therapeutic Science Laboratories (OTC: RTSL) ("Rapid Therapeutic'' or the "Company"), a growth-oriented aerosol manufacturing company focused on delivery of non-psychoactive cannabinoid compounds, today announces the appointment of two independent directors to its Board of Directors. Dr. Henry Punzi and Mr. Justin Suggs join Rapid Therapeutic’s Board.
“The addition of Dr. Punzi and Mr. Suggs is an important step in the evolution of Rapid Therapeutic, as it adds important and diversified expertise to our Board in both the medical and practice management areas, but it also fulfills the important Nasdaq requirement of appointing independent Board members in order for us to up-list onto that major exchange,” commented Donal Schmidt, Rapid Therapeutic’s CEO. “We welcome both gentlemen to our Company and look forward to the benefit of their guidance.”
Henry Punzi, MD is a respected clinician and researcher. He currently serves as Medical Director, Clinical Trials at the Trinity Hypertension and Metabolic Institute, as well as an attending physician in the Internal Medicine Department at Carrollton Regional Medical Center, both in Carrollton, Texas. He is also Assistant Clinical Professor at the University of Texas Southwestern Medical School and Associate Clinical Professor at Texas Women’s University, each in Dallas. Dr. Punzi has a 42-year history as a clinician, educator, and administrator, as well as experience within the pharmaceutical industry. He completed medical school at University of Buenos Aires, Argentina and completed his residency at University Hospital de Clinicas Jose de San Martin in Buenos Aires. He subsequently completed two fellowships, one in oncology/hematology at Wadley Institute of Molecular Medicine, Granville C. Morton Hospital, Dallas, Texas and one in clinical and research hypertension at University of Texas Health Science Center, Southwestern Medical School, Parkland Memorial Hospital, Dallas, Texas. He also completed an executive MBA program at Texas Tech University.
Scott Suggs is a skilled professional focused on process management and revenue growth with more than 27 years of professional management experience, primarily with medical and dental practices. Scott has a deep understanding of multi market operational processes from new market entry to complex national growth strategies. He is president and owner of Suggs Pediatric Outpatient Services (SPOTS), as well as the founder and creator of two additional thriving businesses, S&S Transportation, which provides transportation services for heavy crude oil and frac sand in the oil and gas industry, and Suggs Transport which provides equipment lease services to the energy sector nationwide.
About Rapid Therapeutic Science Laboratories, Inc. (OTC Pink: RTSL)
RTSL is a biopharmaceutical company that has developed a new method of formulating and manufacturing pressurized metered dose inhalers (pMDI) that contain and properly aerosolize proprietary formula of one or more patent pending pharmaceutical grade cannabinoid compounds. RTSL has developed and is continuing to develop a series of complementary products in addition to its inhaler. The Company’s nhāler product line is manufactured in compliance with good manufacturing process (GMP). The company is preparing to file an investigational new drug application (IND) with the FDA for its CBD MDI.
Although legal for consumption in many states, CBD is not yet approved by the FDA for human or animal consumption except as a drug in prescription medication.
We encourage all individuals to do their own research regarding cannabinoids, the use of MDI and our other products. Always consult a physician prior to using any cannabinoid product. RTSL makes no therapeutic claims regarding its products, the use of its products, or any results which can be obtained from using its products. None of our products are intended to diagnose, treat, cure, or prevent any disease. If you experience any adverse reaction of any non-psychotropic cannabinoid, stop use immediately and seek appropriate medical attention. RTSL’s products are not approved by the FDA or under the Food Drug & Cosmetics Act (FD&C Act). Our products contain zero THC. Visit our corporate website at www.rtslco.com.
Forward-Looking Statements
This press release may contain forward-looking statements. In particular, when used in the preceding discussion, the words “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions are intended to identify forward-looking statements. Any statements made in this news release, including statements related to the closing of the offering, other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of RTSL, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in filings made by RTSL with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” sections in its Form 10-Ks and Form 10-Qs and in its Form 8-Ks, which we have filed, and file from time to time, with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov.
Other unknown or unpredictable factors also could have material adverse effects on RTSL’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements which include, among others, statements related to the closing of the offering, the timing of the filing of patent applications, the failure to obtain patents for our products and processes, the costs associated therewith, a delay in, or the failure of, our filing of the planned IND, or the failure of the FDA to approve the IND, the outcome of studies, the planned timing of product availability, the demand for such products, and our ability to produce significant quantities of such products.
The forward-looking statements included in this press release are made only as of the date hereof. RTSL cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Investors:
CORE IR
info@rtslco.com
Media:
Jules Abraham
CORE IR
julesa@coreir.com
917-885-7378
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