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Stocks In News: Nature’s Sunshine Products, Inc. (NASDAQ:NATR); Ocean Power Technologies Inc (NASDAQ:OPTT); Overstock.com, Inc. (NASDAQ:OSTK)

Boston, MA 10/13/2014 (wallstreetpr) – Natural health and wellness products manufacturer Nature’s Sunshine Products, Inc. (NASDAQ:NATR) announced on 10th October that it is appointing Mr. Paul Noack as President of China and New Markets. Mr. Noack who comes on board with a wide range of experience in the realm of direct selling has been tasked with growing the firm’s foot print in the Chinese market. The firm had recently entered into a strategic alliance with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (“Fosun Pharma”). Mr. Noack has also been asked to help in growing the firm’s business interests in other emerging markets across Asia and Africa.

Wave energy technology solutions provider Ocean Power Technologies Inc (NASDAQ:OPTT) announced on 10th October that Mr. Dean J. Glover has received the backing of its share holders to join the firm’s Board of Directors. He was formally elected to the board at the Annual Meeting of Stockholders the company had conducted on 2nd October. Mr. Glover would be filling in the shoes of Mr. Seymour S. Preston III who retired as Director on the same day. Ocean Power Technologies Inc (NASDAQ:OPTT) Chairman of the Board, Terence J. Cryan has expressed confidence that the board would lean on Mr. Glover’s extensive experience in the field of “technology development and process improvement” as it continues to move into the commercialization phase.

Overstock.com, Inc. (NASDAQ:OSTK) announced on 10th October that it would be commencing construction operations at its proposed new corporate campus on the same day. The new campus has been christened as “Peace Coliseum.” The project is expected to be completed by August of 2016. The three floor building is designed to look like a “Roman Coliseum” built out of “glass-and-concrete” from the ground level. From the air, it is designed to resemble a “peace sign”. The facility once completed would be spread across a 231,000-square-foot area.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.



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