AL International Changing Corporate Name to Youngevity International Inc
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."
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