Ethos Environmental Forges Ahead with Pending Youngevity Merger
Ethos Environmental Forges Ahead With Pending Youngevity Merger
Restructures Debt and Affirms New CEO
Press Release
Source: Ethos Environmental, Inc.
On 9:00 am EST, Tuesday December 8, 2009
SAN DIEGO, CA--(Marketwire - 12/08/09) - Ethos Environmental, Inc. (OTC.BB:ETEV - News), a leading manufacturer and distributor of a unique line of proprietary eco-efficient fuel reformulating products that provide fuel efficiency and lower harmful emissions for both commercial and individual vehicles, is pleased to announce that, per the terms of the recently signed Agreement and Plan of Merger with AL Global Corporation, a California corporation, d/b/a Youngevity Essential Life Sciences, Ethos has successfully restructured and/or settled virtually all of its outstanding debt, which restructuring is, at least in part, contingent on the closing of the pending merger.
Steve Wallach, Ethos' recently appointed CEO, stated, "I am excited about the merger with Ethos and the future of Youngevity. The integration of Ethos Environmental products into the Youngevity existing line of products will add a well known and proven green product to our existing product lines. The planned merger is moving ahead rapidly, and we hope to be able to close during the first quarter of 2010."
On November 21, 2009, Youngevity and Ethos held a joint distributor conference to introduce the Ethos line of products to Youngevity distributors. The scheduled conference was deemed a huge success by all concerned.
Ethos Environmental, Inc. is a leading manufacturer and distributor of a unique line of proprietary eco-efficient fuel reformulating products that provide fuel efficiency and lower harmful emissions for both commercial and individual vehicles.
About Youngevity
Youngevity Essential Life Sciences is a nutritional company dedicated to improving lifestyles by promoting vibrant health and flourishing economics. It is the company's mission to deliver the finest array of technologically advanced essential and beneficial nutritional products available. Originally founded in 1997 by Dr. Joel Wallach and Dr. Ma Lan as AL Global, Inc. the company adopted the name Youngevity in 2006. Youngevity is the only network marketing company to have an authorized FDA Health Claim. Dr. Wallach's research has resulted in the publication of more than 70 peer reviewed and referenced journal articles in the fields of nutrition and pharmaceutical research, and he has made major contributions to numerous multi-authored text and reference books on these subjects. The company is based in San Diego, California and more information on the company can be found at www.youngevity.com.
About Ethos Environmental, Inc.
Ethos Environmental, Inc. (OTC.BB:ETEV - News), a San Diego-based corporation, has developed and manufactured award-winning fuel based eco-friendly solutions that have been incorporated into a family of products that help all combustion engines meet environmental regulations and achieve greater engine efficiency. For more information about Ethos Environmental, Inc., visit www.ethosfr.com.
Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding future activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ethos Environmental to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop future assets, the ability to fund operations and changes in consumer and business habits and other factors over which Ethos Environmental, Inc., or any affiliates, has little or no control.
Contact:
Corporate Contact:
Thomas W. Maher
CFO
Ethos Environmental, Inc.
Tel: 619-575-6800
tom@ethosfr.com
www.ethosfr.com
Investor Contact:
Financial Insights
2082 SE Bristol, Suite 209
Newport Beach, CA 92660
888-572-7934
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein.










