WOODLAND HILLS, Calif., July 22, 2013 /PRNewswire/ — GrowLife, Inc. (PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, today announced that it has retained John Genesi as Chief Financial Officer. As CFO for GrowLife, Mr. Genesi will replace Justin Manns who has transitioned into the position of Controller of the rapidly expanding GrowLife Hydroponics division.
Mr. Genesi has approximately 25 years of experience in accounting and finance. Prior to joining the company, Mr. Genesi served as Controller for oBand, Inc., a Los Angeles based healthcare company. From June 2006 to December 2007, Mr. Genesi served as Chief Financial Officer ofLandBank Group, Inc. and its sister company, Strategic Financial Companies, LLC. While building and managing LandBank Group, Inc., Mr. Genesi also helped take Strategic Financial Companies, LLC from a business plan to a company with over 100 employees and $30 million in revenue.
“Adding John Genesi to our Senior Management team is a significant addition as the company continues to add highly skilled and experienced personnel,” stated Sterling Scott, CEO, GrowLife, Inc. “We will continue to add the brightest minds to our collective leadership as we pursue the abundant opportunity before us. Additionally, we thank Justin Manns for his devoted service and are most pleased to transition him to an important new role where we believe he will continue to add considerable leadership and value.”
“I am most pleased to accept the opportunity to steward the financial concerns of GrowLife,” stated Genesi. “I believe my background and past successes provide me with unique expertise in piloting the financial side of this rapidly expanding business. I am thrilled to be able to help increase profitability while simultaneously providing exceptional corporate transparency.”
For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/2013/05/PHOT-DECK-4_30_13.pdf
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About GrowLife, Inc.
GrowLife, Inc. (PHOT) (formerly Phototron Holdings, Inc.) (www.growlifeinc.com) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Greners.com, the online hydroponics superstore (www.greners.com), Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com) as well as bricks and mortar retailers Urban Garden, Rocky Mountain Hydroponics and Evergreen Garden Center (www.rmgardener.com).
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are subject to risks and uncertainties, and actual results might differ materially. Examples of such forward-looking statements include management’s projected 2013 revenue guidance, references to potential acquisitions, and other references to potential growth in the business. A discussion of factors that may affect future results is contained in GrowLife’s filings with the Securities and Exchange Commission. In addition, all industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.