CARLSBAD, Calif., April 4, 2019 /PRNewswire/ -- Natural
Alternatives International, Inc. ("NAI") (NASDAQ:NAII), a leading
formulator, manufacturer and marketer of customized nutritional
supplements, is proud to announce that it has further extended its
partnership with The Juice Plus+ Company ("Juice
Plus+"), a globally recognized leader in whole-food based
nutritional products focused on people's health and well-being,
through the execution of an amendment to and a three year extension
of its multi-year Exclusive Manufacturing Agreement covering
Juice Plus+ capsule and powder products sold in over 24
markets around the world.
The effective date of the Amended and Restated Exclusive
Manufacturing Agreement is March 31,
2019. As part of the extension, Juice Plus+ will
receive a cash based discount during the remaining term of the
original agreement, and subject to minimum annual purchases by
Juice Plus+ an additional
cash based discount during the extended period of the
agreement.
Mark A. LeDoux, NAI's CEO and
Chairman of the Board, said, "Extending our quarter of a century
partnership makes abundant sense given our continued emphasis on
producing the highest quality nutritional products backed by an
impressive body of scientific research. Both parties continue
to invest in ongoing efforts to reinforce the health-promoting
properties of the JuicePlus+ family of
products. This strategic extension of our supply agreement
provides economic incentives to both parties to redouble those
efforts."
Paulo L. Teixeira, Juice
Plus+ CEO, said, "We are very pleased with our commercial
relationship with NAI. Their commitment to quality,
innovation and our global expansion plan has been impressive and
consistent, and this contract extension recognizes the value of
continuing these mutual efforts, and we are confident that this
extension will be mutually beneficial."
NAI, headquartered in Carlsbad,
California, is a leading formulator, manufacturer and
marketer of nutritional supplements and provides strategic
partnering services to its customers. NAI's comprehensive
partnership approach offers a wide range of innovative nutritional
products and services to NAI's 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
its website at http://www.nai-online.com.
This press release contains forward-looking statements within
the meaning of applicable securities laws 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 the
impact of this Agreement on our manufacturing capacity, and our
annual sales. 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, President
and Chief Operating Officer, Natural Alternatives International,
Inc., at 760-736-7700 or investor@nai-online.com.
Web site: http://www.nai-online.com/
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SOURCE Natural Alternatives International, Inc.