SAN MARCOS, Calif., Jun 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Natural Alternatives International ("NAI"), Inc. (NAII), a leading formulator and manufacturer of customized nutritional supplements, announced today the appointment of Alan Lane to its Board of Directors and its Audit Committee.
Mr. Lane recently joined Financial Data Solutions, Inc. as Vice-Chairman and Chief Executive Officer. Prior to his present position with Financial Data Solutions, Mr. Lane was Chief Executive Officer and President of Business Bank of California and a member of the bank's Board of Directors. Mr. Lane held these positions with Business Bank of California from 1998 until its sale to Union Bank of California earlier this year. At the time of its sale to Union Bank, Business Bank of California was a $700 million commercial bank with fifteen branches in northern and southern California. Prior to heading Business Bank of California, Mr. Lane was a director, Chief Executive Officer or Chief Financial Officer of several financial institutions and non-financial operating companies.
Chairman and CEO Mark LeDoux said, "We are pleased to have someone of Alan's qualifications and experience join our Board of Directors. Mr. Lane's 24 years of corporate and financial management experience is a significant addition to our Board and should assist our efforts to continue our recent growth in sales and earnings."
NAI, headquartered in San Marcos, California, is a leading formulator and manufacturer of nutritional supplements that provides strategic partnering services to its customers. Our comprehensive partnership approach offers a wide range of innovative nutritional products and services to the client 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 the impact of appointing a new board member. We wish to caution readers that 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. 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.