TAAT(TM) (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) today announced that, as a result of its acquisition of ADCO Distributors Inc., its management team has been further strengthened by onboarding accomplished executives from the tobacco and convenience industries as a continuation of their respective engagements with ADCO. In 2022, TAAT is ambitiously pursuing additional market share in the US$812 billion global tobacco category and believes that these appointments could prove instrumental to its ability to grow the current TAAT footprint of over 2,700 stores nationwide. The two key additions, who bring over 50 years of combined experience, include Pat Bell and Phillip Krumlauf. Bell grew ADCO’s net revenues from US$45 million to over US$80 million after becoming ADCO’s chief operating officer in 2016. In addition, he is the chairman and president of the Ohio Wholesale Marketers Association. Krumlauf, during his 34-year career at R.J. Reynolds, held positions in U.S. markets to include California, Maryland and Ohio. From 1999 to 2021, Krumlauf managed and grew R.J. Reynolds’ Akron, Ohio-based US$100 million territory, negotiating favorable wholesale and retail contracts while cultivating long-term business relationships.
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About TAAT Global Alternatives Inc.
The company has developed TAAT(TM), which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with “Big Tobacco” pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $812 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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