AL International (JCOF) Announces Stock Repurchase Program
SAN DIEGO--(BUSINESS WIRE)-- AL International, Inc. (Pink Sheets:JCOF) (www.alintjcof.com), a global direct marketer of lifestyle and nutritional products and gourmet fortified coffee, announced today that its Board of Directors has authorized a JCOF Stock Repurchase Program to repurchase up to 15 million of the company's issued and outstanding common shares from time to time on the open market or via private transactions through block trades. Any purchases made by the company under the Stock Repurchase Program will be discretionary and at prices considered to be attractive subject to availability of stock, general market conditions, trading prices and alternative uses of capital. The repurchase program is effective immediately and is expected to run through 4th quarter 2013.
Dave Briskie, AL International's Chief Financial Officer, stated, "Our decision to implement our share repurchase program reflects continued confidence in AL International's long-term growth strategy while also reiterating our commitment to maximizing shareholder value."
"We believe this presents a good opportunity to enhance our shareholders financial position," stated Steve Wallach, Chief Executive Officer. "Especially in light of the growth of our working capital position and the current trading price of our shares, which we believe are undervalued."
For additional information visit the Investor Relations section of AL International's website: www.alintjcof.com.
About Youngevity(R) Essential Life Sciences
Youngevity Essential Life Sciences (www.youngevity.com ), headquartered in San Diego, CA, is a nutrition and lifestyle-related services company dedicated to promoting vibrant health and flourishing economics. Founded in 1997 by Drs. Joel Wallach, DVM, ND, and Ma Lan, MD, as AL Global, Inc., the company adopted the name Youngevity in 2006. Youngevity is the only network marketing company to have a qualified FDA Health Claim. Dr. Wallach's work has been published in more than 70 peer-reviewed and referenced scientific journals and books.
About CLR Roasters
CLR Roasters (www.cafelarica.com) was established in 2001 and is a wholly-owned a 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 produces a unique line of coffees with health benefits under the JavaFit® brand.
About AL International
AL International, Inc. JCOF (www.alintjcof.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. AL International was formed after the merger of Youngevity Essential Life Sciences (www.youngevity.com) and Javalution Coffee Company in the summer of 2011.
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 the expected effect of the stock repurchase program. 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 number of shares, if any, ultimately repurchased by the Company under the stock repurchase plan, the ability to implement our business plan and growth strategy through acquisition and the continued growth of our distributor base. 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, Investor Relations
800-982-3189 X 6509
KEYWORDS: United States North America California New York
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