BLOOMINGTON, MN--(Marketwire - June 24, 2008) - GelStat Corporation (PINKSHEETS: GSAC), a consumer healthcare company primarily focused on the development and marketing of over-the-counter (OTC) products, is pleased to announce that Gerald N. Kieft has accepted the position as Chief Executive Officer and that Adrian Goldfarb has been appointed to the Company’s Board of Directors. Bill Colucci resigned from his position as the Company’s President on June 20, 2008 in order to begin the process of entering into semi-retirement and is divesting himself of various responsibilities. Mr. Colucci will remain serving on the Company’s Board of Directors.
