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Revenue Grows at AL International; Firm Reports Loss

AL International, holding company for Youngevity Essential Life Sciences, reported a second quarter net loss of $261,000 compared with a net loss of $96,000 for the same quarter of 2011.

Revenue for the quarter increased 121 percent to $18.9 million, up from $8.56 million in the same quarter of last year.

CEO Steve Wallach said the company’s strong second quarter improved the cash position, increasing to $3.1 million from the $1.2 million in the prior year.

“As we continue to drive top-line revenue, we believe we will see cost efficiencies that will have a positive impact to the bottom line for our shareholders,” Wallach said.

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The company makes nutritional and other health food products, selling them through direct sales channels.

Shares of ALI, traded on the Pink Sheets exchange under JCOF.PK, closed up 2 cents Aug. 16 to 24 cents. Its 52 week range is 18 to 35 cents.

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