Vystar Corporation announced that Dean Waters has been appointed as the company's new full-time Chief Financial Officer effective April 1, 2013. Dean Waters is an active member of Vystar's Board of Directors since his appointment in 2008, chairing the Audit Committee and serving on the Compensation Committee. As the Founder and Managing Director of FiveFold Capital, a company focused on the capital needs of community banks, he worked with each bank's management team to solve strategic and capital issues drawing upon his fifteen years of knowledge and experience in raising more than $5 billion in capital for middle-market to Fortune 1000 companies and Community Financial Institutions.

Prior to founding FiveFold Capital, Mr. Waters was Senior Vice President of Commerce Street Capital's bank development group and was responsible for helping community bank management teams raise capital for initial offerings. Prior to Commerce Street, Mr. Waters was a Managing Partner of Poseidon Capital Investments, LLC, an investment advisory firm. He was also Senior Vice President, Director and one of the founding members of the Capital Markets Group within GMAC Commercial Finance's Equipment Finance Division.

Before that, he was Managing Director of Equity Distributions of Bank of America Leasing & Capital Group.