ESOP - Employee Stock Ownership Plan

WE ARE EMPLOYEE OWNED!

NewAge Industries/AdvantaPure/Verigenics Team MembersNewAge Industries established its ESOP – Employee Stock Ownership Plan – in January 2006 as a way to ensure the company's continuation. The ESOP added a new facet to the company's culture, namely the pride of ownership, while it discouraged a possible buyout from a competitor or other business.

The ESOP is a feature of the company's retirement benefits that include a pension plan and optional 401(k) plan. The ESOP contributes a significant amount for retirement and provides employees with peace of mind. Employees own shares and benefit from dividends as well.

Since the inception of the ESOP, NewAge has continued to grow and prosper. Demand for its high purity products, marketed under the AdvantaPure name, has experienced tremendous growth, and its standard products have also seen a substantial increase in sales. These successes, plus the satisfaction of employee ownership, have a real and beneficial effect on the morale, attitude, and future retirement of NewAge Industries' employee-owners.

NewAge Industries built its solid reputation by providing a high level of customer support and service, along with superior products. The establishment of the ESOP lets employees expand upon that by allowing them to take true ownership of their positions. Baker says "When a customer calls, they speak with an owner. The employees' jobs are part of an investment in their future, and that's reflected in their communications with customers and suppliers, and with each other, now more than ever."

Another customer benefit of the ESOP is that it created a succession plan for the organization. Many of today's large, multi-national corporations become larger by acquiring small companies. Plants are closed and production is moved offshore. The knowledge and talent of those employees is lost as they find jobs in other industries. Baker wanted to avoid that situation and, at the same time, help secure a future for NewAge Industries and its employees.


ABOUT ESCA

ESCA logoEmployee-Owned S Corporations of America

(Taken from the ESCA website)

ESCA is the voice in Washington, DC that speaks exclusively for employee-owned S corporations ("S ESOPs"). Since 1998, ESCA's membership has grown to represent more than 140,000 employee-owners in virtually every state in the nation. ESCA company members engage in a broad spectrum of business activities and are a variety of sizes – from 25-person businesses to companies with 9,000+ employee-owners – but all have one thing in common: a commitment to preserving the S corporation ESOP structure and expanding it so that more working Americans can become employee-owners.

Visit the ESCA website at: http://www.esca.us

ESOP ESTABLISHED IN 2006

Team members become employee/owners

ESOP Team Members

"This has been a goal for a number of years," says CEO and majority share owner Ken Baker, "and I'm glad the plan has now become reality. Making the employees part owners is a big benefit to our customers, as well as the employees."


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