SAN DIEGO–(BUSINESS WIRE)–AL International, Inc. (OTCQX: YGYI) (www.YGYI.com), announced today that the Company’s board of directors and its majority shareholder have voted to change its corporate name to Youngevity International, Inc., effective after its filing of a definitive 14-C Information Statement with the SEC and the passing of any requisite waiting period. The new corporate name coincides with the launch of a new website address, which is our stock ticker symbol “YGYI” and can be found at (www.YGYI.com).
“We are proud to announce the launch of the new corporate name to Youngevity International, Inc., which more accurately reflects our Company and is an exciting step forward in our expanding unique business model.”
The new ticker symbol and supporting web presence reflects the Company’s new name, which is part of a larger rebranding effort intended to more clearly represent Youngevity’s focus on its commitment to operate as a multi-dimensional consumer products company.
The Company also announced that Bill Thompson has joined its Board of Directors. Mr. Thompson, age 52, currently serves as the Chief Financial Officer of Broadcast Company of the Americas, which operates three radio stations in San Diego, California. He served as Corporate Controller for the Company from 2011 to 2013 and for Breach Security, a developer of web application firewalls, from 2007 to 2010. Prior to 2007, Mr. Thompson served as Divisional Controller for Mediaspan Group and Chief Financial Officer of Triathlon Broadcasting Company.
Bill Thompson will replace John Rochon who resigned from AL International on June 7, 2013. Mr. Rochon’s resignation did not involve any disagreement with the Company.
The Board of Directors announced the formation of an Audit Committee chaired by Mr. Thompson as well as an acquisition committee chaired by Dave Briskie, AL International’s CFO.
“We appreciate Mr Rochon’s almost two years of service to our Board of Directors and we are pleased to add a financial expert to the Board as we move forward. This is a very exciting time for our Company as we continue to position ourselves for accelerated national and global growth,” said Steve Wallach, Youngevity’s Chief Executive Officer. “We are proud to announce the launch of the new corporate name to Youngevity International, Inc., which more accurately reflects our Company and is an exciting step forward in our expanding unique business model.”
About AL International, Inc.
AL International, Inc. (OTCQX: YGYI) (www.YGYI.com) is a fast-growing, innovative, multi-dimensional company that offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a “network of networks.” The Company also is a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels.
About CLR Roasters
CLR Roasters (www.clrroasters.com) is a wholly-owned a subsidiary of Youngevity, Inc. CLR Roasters produces coffees under its own boutique brands, Café La Rica®, Josie’s Java House®, and Javalution®, as well as manufactures a variety of private labels throughout various tiers of distribution. Industries served include major national sales outlets, hospitality, cruise lines, health and wellness facilities, office coffee service providers, and convenience store distribution. CLR Roasters also created a unique line of coffees with health benefits under the JavaFit® brand, marketed through Youngevity.
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This release includes forward-looking statements on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements about our expansion and growth, are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release based on new information, future events, or otherwise, except as required by law.
AL International, Inc.
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