Youngevity® Essential Life Sciences Inks Merger with Financial Destination, Inc.
SAN DIEGO, Oct. 27, 2011 /PRNewswire/ -- Youngevity Essential Life Sciences (www.youngevity.com), a wholly-owned subsidiary of AL International, Inc. (www.alintjcof.com) (JCOF-PK) and global direct seller of lifestyle and nutritional products and gourmet healthy coffee, said earlier this week that it has finalized its acquisition of Financial Destination, Inc. (FDI), a nationwide direct seller of financial, telecommunications, and health and wellness-related services.
"The joining of our organizations is a game changer for both companies. Bringing FDI into the Youngevity family represents the largest acquisition that we have done to date. Elements of this partnering include having FDI's President and CEO become the President of Youngevity. FDI's strong corporate team stays intact to support the one company," explained AL International CFO, Chris Nelson. "This partnering is going so well that we all are currently calling the combined family of companies FDI-Youngevity," he added.
The merger adds FDI's approximately 100,000 customer contacts and nearly 10,000 active marketers to Youngevity's international direct selling network. Since January, more than 300,000 consumers have used FDI's free pharmacy discount card, saving over $5 million. The card offers discounts of up to 85% at major pharmacies such as Walgreens, CVS, Target and Wal-Mart. The merger allows FDI's sales force to offer the full range of Youngevity's more than 400 lifestyle products as well as JavaFit coffees to their customers, while Youngevity sellers may now add FDI's financial benefits to their customers.
"Mergers and acquisitions are a key component of our aggressive growth strategy," said Steve Wallach, CEO of AL International. "The deal with FDI represents an important and exciting piece of the 'network of networks' we're creating that brings together independent entrepreneurs and hundreds of thousands of customers. Moreover, FDI's distributor training and recognition programs, regarded as second to none in the direct selling industry, are already beginning to take our company to the next level," he added.
William J Andreoli, founder of FDI and President of Youngevity, called the merger "a win-win" for all sides. "Youngevity provides a strong and aggressive marketing group plus exceptional products and solid infrastructure. The FDI team now has access to their gourmet coffee line, hundreds of consumable products, and international marketing opportunities. Consumers are looking for ways to simplify their lives, stay healthy, and achieve financial stability. Working with Youngevity, we believe we can offer solutions to what today's consumers are looking for," he said.
About AL International
AL International, Inc. (JCOF-PK) 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. AL International was formed after the merger of Youngevity® Essential Life Sciences (www.youngevity.com) and Javalution Coffee Company in the summer of 2011.
About CLR Roasters
CLR Roasters was established in 2001 and is a wholly-owned subsidiary of AL International. CLR Roasters produces coffees under its own Cafe LaRica brand, as well as under a variety of private labels through major national sales outlets and to major customers. It also markets a unique line of coffees with health benefits under the JavaFit® brand.
"Safe Harbor" Statement
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 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 and include statements relating to our business plan and growth strategy through acquisition.
The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, the ability to implement our business plan and growth strategy through acquisition. 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.
SOURCE AL International, Inc.
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