LAS VEGAS, NV -- (Marketwire) -- 11/13/08 -- Marshall Holdings International, Inc. (OTCBB: MHLI) announced today that the Board of Directors has accepted the
resignations of Rick Bailey previously serving as Chief Executive Officer,
President, and Director, and Florian Ternes, previously serving as Chief
Operating Officer, Secretary and Director. Elwood Sprenger was appointed
the position of Chief Executive Officer and will remain as Chairman of the
Board. In addition, W. Jamie Plante was elected to the Board of Directors
and will be serving as Chief Financial Officer.
Elwood Sprenger has been integral in developing the new global strategy for
the company moving forward. "In today's climate we need to have a broad
perspective in the marketplace drawing upon synergies that will allow us to
move successfully into various business segments," said Elwood Sprenger,
new Chief Executive Officer.
"Elwood Sprenger is a visionary and with his extensive background is the
perfect fit for this dynamic and growing organization," stated Jamie
Plante, Chief Financial Officer.
Elwood Sprenger: Calistoga -- Chairman, CEO, Owner. Developed water
business into 37 states and 5 countries achieving 55% share of market.
Merged with Perrier and continued on as CEO developing strategic and equity
relationships into improved business growth and profitability. Maintained
ownership of source supplying Calistoga for past 27 years. Sold to Nestle
Corporation.
Privately owned and operated bulk water Transport Company supplying
Arrowhead water from all their sources (Including one of the largest water
sources in the United States, which he has been involved with for the last
fourteen years). Helped develop first PET plastic bottle used in water
sales -- now the standard in the industry.
Rochem -- Board member, chairman and CEO of beverage distribution group
operating in 23 countries and 42 states.
Private holding company -- Have interest in assorted public companies.
Private banking -- Financial services -- Has controlling interest in
mortgage bank and 50% interest in merchant bank Services Company.
Controls credit enhancement financial services company
Elwood's resources and talents bring to MHLI the distribution systems for
its product line, and allow the company to expand its distribution of its
beverage products.
MHLI business objective is to manufacture and market the Company's products
in such a way as to create value that can be sustained over the long term
for shareholders, employees, consumers, and business partners.
Our Company, Our Products:
Marshall Holdings is a natural products distribution company that has been
in business since 1974 and has sold into over 3,500 health food stores,
pharmacies, medical offices around the country not to mention doing
complete order fulfillment for many up and coming on-line stores. Marshall
carries over 6,000 natural products and supplements comprising over 150
manufactures. Our unique product mix consists of a wide variety of natural
products ranging from popular herbs and health supplements to body care and
fitness. Marshall offers complete lines of teas, herbs, vitamins, health
foods, minerals, homeopathic remedies, natural cosmetics, skin care, pet
care, cold and wellness products, weight management products, and much
more.
Additional information can be found at:
www.marshalldc.com or www.MHII.net or www.worldhealthdepot.com
FORWARD-LOOKING SAFE HARBOR STATEMENT
A number of statements contained in this press release are forward-looking
statements. These forward-looking statements involve a number of risks and
uncertainties, including the timely development, and market acceptance
conditions, successful integration of acquisitions and the ability to
secure additional sources of financing. The actual results that MHLI may
achieve could differ materially from any forward-looking statements due to
such risks and uncertainties.
Contact:
Public Relations
702-289-4387