SAN MARCOS, Calif., Jan, 7 /PRNewswire-FirstCall/ -- Natural Alternatives
International, Inc. ("NAI") (Nasdaq: NAII), a leading formulator, manufacturer
and marketer of customized nutritional supplements, today announced that
effective December 31, 2008 its former President, Randell Weaver's employment
with NAI ended.
NAI also announced it completed certain amendments to its credit facility
with Wells Fargo Bank. Among other changes the amendments extend the maturity
date for the working capital line of credit from November 1, 2009 to November
1, 2010, while maintaining the current $7.5 million limit on the line of
credit.
Mark LeDoux CEO stated, "Randy Weaver served NAI with distinction for many
years and we are grateful to Randy for his contributions and efforts during
his tenure at NAI. We wish Randy much continued success in his future
endeavors. We are pleased with the extended terms of our credit facility with
Wells Fargo, especially in relation to the current economic conditions."
NAI, headquartered in San Marcos, California, is a leading formulator,
manufacturer and marketer of nutritional supplements and provides strategic
partnering services to its customers. Our comprehensive partnership approach
offers a wide range of innovative nutritional products and services to our
clients including: scientific research, clinical studies, proprietary
ingredients, customer-specific nutritional product formulation, product
testing and evaluation, marketing management and support, packaging and
delivery system design, regulatory review and international product
registration assistance. For more information about NAI, please see our
website at http://www.nai-online.com.
This press release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 that are not historical
facts and information. These statements represent our intentions, expectations
and beliefs concerning future events, including, among other things, our
expectations and beliefs with respect to our future financial and operating
results, as well as future economic conditions and the impact of such
conditions on our business. We wish to caution readers these statements
involve risks and uncertainties that could cause actual results and outcomes
for future periods to differ materially from any forward-looking statement or
views expressed herein. NAI's financial performance and the forward-looking
statements contained herein are further qualified by other risks including
those set forth from time to time in the documents filed by us with the
Securities and Exchange Commission, including our most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q.
CONTACT - Kenneth Wolf, Chief Financial Officer, Natural Alternatives
International, Inc., at 760-736-7700 or investor@nai-online.com
Web site: http://www.nai-online.com
SOURCE Natural Alternatives International, Inc.
-0- 01/07/2009
CONTACT:
Kenneth Wolf, Chief Financial Officer of Natural Alternatives
International, Inc.,
+1-760-736-7700, investor@nai-online.com
Web Site: http://www.nai-online.com