CHESTERFIELD, Mo., April 5 /PRNewswire-FirstCall/ -- Reliv' International,
Inc. (Nasdaq: RELV), a developer, manufacturer and marketer of a proprietary
line of nutritional supplements addressing basic nutrition, specific wellness
needs, weight management and sports nutrition, today announced that it has
priced a public offering of 2,000,000 shares of its common stock at a public
offering price of $11.25 per share. The offering consists of 1,200,000 shares
offered by the company and 800,000 shares offered by certain selling
shareholders. The underwriters have a 30-day option to purchase up to 300,000
additional shares from certain of the selling shareholders to cover over-
allotments, if any. The closing of the offering is expected to occur on April
11, 2006, subject to the satisfaction of customary closing conditions.
Reliv' intends to use the net proceeds from the sale of the company shares
for the repayment of debt and for general corporate purposes, including
working capital, continued domestic and international growth, and for possible
product acquisitions. The company will not receive any proceeds from the sale
of common stock by the selling stockholders.
Canaccord Adams Inc. is acting as the sole book-running manager in this
offering. Avondale Partners, LLC and The Seidler Companies Incorporated are
acting as co-managers.
Copies of the final prospectus can be obtained from Canaccord Adams, Attn:
Syndicate Dept., 99 High St., 11th Fl., Boston, MA 02110. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of, these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such jurisdiction.
About Reliv' International, Inc.
Reliv' International, Inc. is a developer, manufacturer and marketer of a
proprietary line of nutritional supplements, addressing basic nutrition,
specific wellness needs, weight management and sports nutrition. It sells its
products through an international network marketing system using independent
distributors. Reliv' has sold products in the United States since 1988 and in
selected international markets since 1991.
Statements made in this release that are not historical facts are
"forward-looking" statements (as defined in the Private Securities Litigation
Reform Act of 1995) that involve risks and uncertainties and are subject to
change at any time. These forward-looking statements may include, but are not
limited to, statements containing words such as "may," "should," "could,"
"would," "expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential," "continue," or similar expressions. Factors that could cause
actual results to differ are identified in the public filings made by Reliv'
with the Securities and Exchange Commission. More information on factors that
could affect Reliv's business and financial results are included in its public
filings made with the Securities and Exchange Commission, including its Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which are
available on the company's web site, http://www.reliv.com.
SOURCE Reliv' International, Inc.
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Related links:
http://www.reliv.com
Company News On-Call:
http://www.prnewswire.com/comp/103123.html
CONTACT:
Steven D. Albright, Vice President and Chief
Financial Officer of Reliv' International, Inc., +1-636-537-9715
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