Navigation Links
GrowLife Names Former Microsoft, Yahoo! Exec, Marco Hegyi, as New President
Date:12/11/2013

WOODLAND HILLS, Calif., Dec. 11, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software, is pleased to announce that effective immediately, Marco Hegyi will assume the position of President and join the Board of Directors.

"The Board of Directors and I are elated to add Mr. Hegyi's vision and considerable experience in world class team building to the GrowLife management team," stated Sterling Scott, CEO, GrowLife Inc. "The unprecedented capital infusion by CANX of $40 million in funding to a joint venture with GrowLife and the extraordinary business opportunity of the legal cannabis marketplace, led our executive search to look outside of our core industry to candidates with exemplary business experience and strategic acumen.  GrowLife is very fortunate to have Mr. Hegyi and his vast skills now dedicated to our core mission of expanding GrowLife shareholder value in the legal cannabis industry."

Mr. Hegyi's extensive background includes significant terms of management service and world class team building experience at market leading companies. Notably, Mr. Hegyi served as Senior Director of Global Product Management at Yahoo! and prior to Yahoo!, led Microsoft's Partner Program management for Microsoft Windows, Office and server beta releases. 

Mr. Hegyi holds a degree in Information and Computer Sciences from the University of California, Irvine, and has completed advanced studies in innovation marketing, advanced management, and strategy at Harvard Business School, Stanford University, UCLA's Anderson Graduate School of Management, and MIT's Sloan School of Management. 

"During my business career I have actively participated in a number of tremendous market opportunities," stated Hegyi. "I have worked through the formation of the PC industry, the Internet revolution and more. Today, I believe that the legal cannabis market is one of the greatest business opportunities. GrowLife has a unique leadership position in the industry and I welcome the challenge and the opportunity of our extending our leadership through the unprecedented $40 million capital infusion recently announced in GrowLife's joint venture with CANX USA, LLC. I am very proud to accept this position and to serve the GrowLife Board of Directors in our mission to enhance shareholder's value."

At the same time that GrowLife welcomes Mr. Hegyi, the company extends its gratitude and best wishes to our interim president, Kyle Tracey, for his distinguished service to GrowLife over the past year, which included many accomplishments led by Mr. Tracey.  Mr. Tracey has elected to leave GrowLife for an exciting new engagement in our industry that is pending announcement.     

A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/

From time to time, GrowLife will provide market updates and news via its websites GrowLifeInc.com, Cannabis.org or the Company's Facebook page at https://www.facebook.com/tellthetruthfederalgovernment

For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/2013/05/PHOT-DECK-4_30_13.pdf

About GrowLife, Inc.

GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and 58Hydro.com. The Company also operates the political and social forum, Cannabis.org

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance.  The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved.  Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level.  For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:

Integrity Media
Kurt Divich (702) 396-1000
kurt@integrityir.com


'/>"/>
SOURCE GrowLife, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. GrowLife Debuts First Kiosk-Based Payment, Cash Management, and Regulatory Compliance Technology for Legal Cannabis Dispensaries
2. An Open Letter from Sterling Scott, CEO, GrowLife, Inc., Regarding the DOJ Position Change Regarding Marijuana
3. BioAgilytix Labs Names Jim Datin Chief Executive Officer
4. Uroplasty Names David B. Perry Vice President Of Marketing
5. goBalto, Inc. Names Sujay Jadhav as Its New CEO
6. Aptuit Names Jonathan Goldman As CEO
7. 3-V Biosciences Names Dr. William McCulloch Chief Medical Officer
8. Seno Medical Instruments Names Dr. Thomas Stavros Medical Director
9. CVS Caremark Names Tracy Bahl as Executive Vice President, Health Plans
10. GrandCare Systems Names Daniel Maynard As New Chief Executive Officer
11. Catabasis Names Ian Sanderson Chief Financial Officer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... ITASCA, Ill. , June 23, 2016  In a startling ... states are failing their residents by lacking a comprehensive, proven plan ... , a definitive ranking of how states are tackling the ... rating to only four states – Kentucky , ... and Vermont . Of the 28 failing states, ...
(Date:6/23/2016)... June 23, 2016 Research and Markets ... Issue 52" report to their offering. ... treatment creates a favourable commercial environment for MedImmune to enter. ... base that will serve to drive considerable growth for effective ... serve to cap sales considerably, but development is still in ...
(Date:6/23/2016)... , June 23, 2016  Astellas today announced the establishment of Astellas Farma Colombia (AFC), a new affiliate ... in Latin America . ... ... ... ...
Breaking Medicine Technology:
(Date:6/26/2016)... N.J. (PRWEB) , ... June 27, 2016 , ... Quality ... sources, yet in many ways they remain in the eye of the beholder, according ... (EBO), a publication of The American Journal of Managed Care. For the full issue, ...
(Date:6/26/2016)... ... 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, a Media Slicing ... their videos a whole new perspective by using the title layers in ProSlice ... , ProSlice Levels contains over 30 Different presets to choose from. FCPX ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is ... a fitness app. The fitness app plans to fix the two major problems leading the ... one size fits all type program , They don’t eliminate all the reasons ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American Institutes ... Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , ... advance care planning, healthcare costs and patient and family engagement. , AIR researchers ...
(Date:6/25/2016)... ... ... temporary closing of Bruton Memorial Library on June 21 due to a possible lice infestation, ... aspect of head lice: the parasite’s ability to live away from a human host, and ... necessary one in the event that lice have simply gotten out of control. , As ...
Breaking Medicine News(10 mins):