BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Russell Armstrong, Managing Director of Crescent Financial Partners, Inc., a Los Angeles based private merchant banking firm, and his wife Taylor Armstrong, co-founder and President of eImplement, Inc., a management consulting firm, and Crescent Financial Partners have announced the purchase of an equity stake in the Malibu Beach Recovery Center.
The purchase was both a professional and personal decision by the couple to support a business they believe offers a cutting edge treatment program for those who suffer from substance abuse. The holistic program, based on the principles of neuroscience, instills positive change and healing in the lives of those treated at the center.
“Taylor and I are dedicated to using our business experience and personal relationships to support organizations we know are truly making a difference,” remarked Russell Armstrong, who in 2009 encouraged a family member suffering from substance dependency to seek treatment from the Malibu Beach Recovery Center and who has since made a full recovery.
Added Taylor Armstrong, “While helping victims of domestic violence through my work with The 1736 Family Crisis Center, I witnessed the devastating role substance abuse plays in destroying families. Through our partnership with Malibu Beach Recovery, we offer families a vital tool for stopping the cycle of addiction-related abuse. We are extremely grateful for our ability to provide visibility and resources to a local organization that has made such a positive impact on countless lives.”
Joan Borsten, CEO of the Malibu Beach Recovery Center, and Oleg Vidov, Chairman of the Board, reflected on the Armstrong’s involvement with MBRC: “We are pleased to partner with Russell and Taylor to grow the Malibu Beach Recovery Center. Taylor, through her work at Pfizer, clearly understands the cutting edge neuroscience that is the basis of our treatment system, and Russell will help us begin the process of expanding and licensing our unique system to other treatment centers in 2011.”
About Russell Armstrong
Russell Armstrong has spent the past two decades as an investment banker and venture capitalist and serves as Managing Director of Los Angeles-based merchant banking firm, Crescent Financial Partners. He currently serves on the Boards of the B Intune Foundation and Galaxy Classroom. Additionally, Mr. Armstrong serves on the Board of Trustees of the Nobel Charitable Trust Foundation.
About Taylor Armstrong
Taylor Armstrong is the co-founder and President of eImplement, Inc., a management consulting firm specializing in ERP solutions and IT Infrastructure Planning. Mrs. Armstrong is a partner of Patchi Chocolate USA and a founding shareholder of FamilyFilter.com. She is an active supporter of the 1736 Family Crisis Center, B InTune Foundation, Almonds for Kids, The Fulfillment Fund and United Friends of the Children. In addition to her business pursuits and philanthropic efforts, Mrs. Armstrong currently stars on Bravo’s hit show, “The Real Housewives of Beverly Hills.”
About Malibu Beach Recovery Center
The Malibu Beach Recovery Center® is a residential drug and alcohol treatment program licensed and certified by the State of California. The Center uses a unique neuro-biological approach to help clients restore and balance the chemistry of the brain, raise low dopamine levels, and rejuvenate the body’s natural reward system. This system, endorsed by leading scientists in the field of genetics and addiction, utilizes very specific natural nutritional food supplements in combination with carefully selected yoga-type exercises and the low glycemic “Malibu Beach Recovery Diet™” to create a solid foundation for long-term recovery. Clients quickly and efficiently achieve a sense of comfort and well-being, allowing them to get the full benefit of daily educational groups, individual therapy and 12-Step work.
The Malibu Beach Recovery Center® is owned by Russian film star Oleg Vidov (“Red Heat,” “Wild Orchid,” “Thirteen Days”) who defected to the United States in 1985, and his wife Joan Borsten, a former journalist and film executive who has spearheaded business development of the Center since it opened in 2007.
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