Earth Science Tech, Inc. Announces Executive Changes
February 14, 2023 at 04:19 pm EST
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Earth Science Tech, Inc. announced on February 10, 2023, Nickolas S. Tabraue resigned from his role as the company's chief executive officer (CEO). His resignations were not from a result of any disagreement with the company or any other entity or any matter relating to the operations, policies (including accounting or financial policies) or practices of the company. On February 13, 2023, the board of directors of the company appointed Giorgio R. Saumat as the company's CEO, succeeding Nickolas S. Tabraue by the Board of Directors.
Saumat will receive no compensation until the company is cashflow positive for 3 consecutive bi-week payroll periods. Once the company has achieved cashflow positive status, the company's board of directors will renegotiate the CEO's agreement. Giorgio R. Saumat Age 43: Mr. Saumat is an investor and entrepreneur with over 20 years of experience investing, operating, and consulting for private businesses and investors.
Having graduated from Rutgers University in 2001 with an undergraduate degree in Economics and Political Science, he co-founded CASAU Group as a private equity group specializing in real estate. In 2009 he opened and invested in multiple locations of restaurants in the greater Miami Area, which he sold in 2013. He then founded POINT96 Consulting, to assist private businesses and accredited investors realize their personal and/or organizational objectives through unique strategic planning.
Earth Science Tech, Inc. is a holding company focused on the health and wellness industry. The Company is engaged in the compounding pharmaceuticals and telemedicine sectors, through its wholly owned subsidiaries, RxCompoundStore.com, LLC. (RxCompound), Peaks Curative, LLC. (Peaks), and Earth Science Foundation, Inc. (ESF). RxCompound is licensed to fulfill prescriptions in the states of Delaware, Florida, Pennsylvania, New York, Arizona, New Jersey, Wisconsin, Minnesota, Rhode Island, Utah, Georgia, Nevada, Massachusetts, Missouri, Iowa, Maryland, Ohio, Colorado, North Carolina, Maine, Indiana, and Illinois. Peaks is a telemedicine referral site focused on overall health and wellness for men and women. Peaksâ orders are exclusively fulfilled by RxCompound. Patients who order Peaks via monthly subscription receive their refills automatically. ESF accepts grants and donations to help those in need of assistance in paying for prescriptions.