CHESTERFIELD, Mo., March 25 -- Reliv International, Inc. (NASDAQ:RELV) , an international manufacturer and network marketer of nutritional supplements and other food technology products, announced that its Board of Directors has approved a $l million investment to upgrade the company's manufacturing plant. The project will significantly increase the plant's production capacity -- helping Reliv to meet strong and growing demand for its products.
The upgrade project includes new high-speed rotary filler, which is expected to increase the facility's throughput by two fold. In addition, Reliv will install a variety of automated packaging equipment -- such as a case erector, a case packer and a palletizer.
"From 2002 to 2003, our production volumes increased by more than 45 percent," noted David Barnes, Vice President of Technical Affairs & Manufacturing Operations. "By increasing our throughput, this new equipment will allow us to continue to meet customer demand for our products for the foreseeable future. It will also enhance our already-stringent quality control capabilities."
Reliv expects to install the new equipment in July 2004, Barnes said. Reliv distributors and customers should not be affected by the change-over, he noted, because the company will continue to fill orders from its warehouse inventory during the installation and ramp-up period.
Reliv International, Inc., based in suburban St. Louis, manufactures and distributes several lines of food products, including nutritional and fiber supplements, diet management products, functional foods and sports drink mixes. Its proprietary product lines include an extensive line of soy-based products. Reliv International's common stock trades on The Nasdaq Stock Market(R) under the symbol RELV.
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.