SOURCE: Ethos Environmental, Inc.

December 08, 2009 09:00 ET

Ethos Environmental Forges Ahead With Pending Youngevity Merger

Restructures Debt and Affirms New CEO

SAN DIEGO, CA--(Marketwire - December 8, 2009) - Ethos Environmental, Inc. (OTCBB: ETEV), a leading manufacturer and distributor of a unique line of proprietary eco-efficient fuel reformulating products that provide fuel efficiency and lower harmful emissions for both commercial and individual vehicles, is pleased to announce that, per the terms of the recently signed Agreement and Plan of Merger with AL Global Corporation, a California corporation, d/b/a Youngevity Essential Life Sciences, Ethos has successfully restructured and/or settled virtually all of its outstanding debt, which restructuring is, at least in part, contingent on the closing of the pending merger.

Steve Wallach, Ethos' recently appointed CEO, stated, "I am excited about the merger with Ethos and the future of Youngevity. The integration of Ethos Environmental products into the Youngevity existing line of products will add a well known and proven green product to our existing product lines. The planned merger is moving ahead rapidly, and we hope to be able to close during the first quarter of 2010."

On November 21, 2009, Youngevity and Ethos held a joint distributor conference to introduce the Ethos line of products to Youngevity distributors. The scheduled conference was deemed a huge success by all concerned.

Ethos Environmental, Inc. is a leading manufacturer and distributor of a unique line of proprietary eco-efficient fuel reformulating products that provide fuel efficiency and lower harmful emissions for both commercial and individual vehicles.

About Youngevity

Youngevity Essential Life Sciences is a nutritional company dedicated to improving lifestyles by promoting vibrant health and flourishing economics. It is the company's mission to deliver the finest array of technologically advanced essential and beneficial nutritional products available. Originally founded in 1997 by Dr. Joel Wallach and Dr. Ma Lan as AL Global, Inc. the company adopted the name Youngevity in 2006. Youngevity is the only network marketing company to have an authorized FDA Health Claim. Dr. Wallach's research has resulted in the publication of more than 70 peer reviewed and referenced journal articles in the fields of nutrition and pharmaceutical research, and he has made major contributions to numerous multi-authored text and reference books on these subjects. The company is based in San Diego, California and more information on the company can be found at www.youngevity.com.

About Ethos Environmental, Inc.

Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based corporation, has developed and manufactured award-winning fuel based eco-friendly solutions that have been incorporated into a family of products that help all combustion engines meet environmental regulations and achieve greater engine efficiency. For more information about Ethos Environmental, Inc., visit www.ethosfr.com.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding future activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ethos Environmental to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop future assets, the ability to fund operations and changes in consumer and business habits and other factors over which Ethos Environmental, Inc., or any affiliates, has little or no control.

Contact Information

  • Corporate Contact:
    Thomas W. Maher
    CFO
    Ethos Environmental, Inc.
    Tel: 619-575-6800
    tom@ethosfr.com
    www.ethosfr.com

    Investor Contact:
    Financial Insights
    2082 SE Bristol, Suite 209
    Newport Beach, CA 92660
    888-572-7934