FeelGood For Life
CEO James Matuszewski on Jan. 28 announced that he will leave the Lakewood, CO-based company he co-founded in September 1993 on Feb. 1. “I am leaving on the basis that both I need a break from FeelGood and FeelGood needs a break from me at this point in the company’s life cycle,” Matuszewski says. Co-founder and partner Jason Zinn will continue to run the company, which filed for Chapter 11 in October 2000, but emerged from bankruptcy last year when the nearly $5 million company was acquired by private investment group Sterling Health Concepts.
Since Sterling bought the company last year, FeelGood has maintained a fairly aggressive catalog mailing schedule, with a 500,000-book mailing in November and a 300,000-book drop in December. The company plans for 3 million-4 million books to be mailed this year over the course of eight drops, Matuszewski says.