Changes Designed to Maximize Deployment of Existing Resources and Focus on
Sarbanes-Oxley Compliance as Company Continues Drive for Growth
CHESTERFIELD, Mo., Sept. 1 /PRNewswire-FirstCall/ -- Reliv International,
Inc. (Nasdaq: RELV), an international manufacturer and network marketer of
nutritional supplements and other food technology products, announced today
the reorganization of its executive management team. Effective August 31,
2004 David Kreher, Reliv's current Senior Vice President and Chief Operating
Officer, will assume the role of Executive Vice President and Chief Financial
Officer. R. Scott Montgomery, the company's current Vice President of
International Operations will assume the role of Senior Vice President of
Worldwide Operations.
"On behalf of the board of directors it is with pleasure that we make this
announcement," stated Robert L. Montgomery, President and Chief Executive
Officer of Reliv. "This realignment is a natural change and an appropriate
deployment of resources in response to the growth of our business over the
last 36 months. Additionally, with the changes in the regulatory environment
governing all publicly traded companies today, we felt that it made sense to
have the adequate resources in place to ensure our continued compliance moving
forward. In David Kreher's new position as Executive Vice President and Chief
Financial Officer, he will work strategically with our auditors, legal
counsel, and board of directors in ensuring our continued compliance with SEC
guidelines and the Sarbanes-Oxley Act. Along with me, David will also
increase his role in our investor relations effort to continue to effectively
deliver the message of our financial progress and provide for increased
transparency of our organization to the financial community and general
public. David has been with Reliv for over 13 years, holds a degree in
accounting from Southwest Missouri State University, and we believe, is an
ideal candidate for this position." Montgomery continued, "Scott has been
with our organization for over 11 years and has worked his way up through our
company starting with Director of U.S. Distributor Relations, Director of
Domestic and International Operations and, during the last three years,
Director of International Development. Scott has an in depth understanding of
our markets and methods of operation and as we expand our organization's
worldwide footprint, Scott will play an integral role in the execution of our
growth plans. Scott earned his Bachelor of Science degree in Finance from
Southwest Missouri State University and we look forward to the contributions
he will make in his new role of Senior Vice President of Worldwide
Operations."
NOTE: Any statement released by Reliv International, Inc. that is forward
looking is made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are cautioned
that forward-looking statements involve risk and uncertainties that may affect
the Company's business prospect and performance. This includes economic,
competitive, governmental, technological and other factors discussed in the
Company's filings with the SEC on forms 10-K and 10-Q.
SOURCE Reliv International, Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/103123.html
CONTACT:
David G. Kreher, Chief Financial Officer, or
Fred Nielson, Investor Relations, both of Reliv International,
Inc., +1-636-537-9715, or Al Palombo of Cameron Associates,
+1-212-554-5488
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