YNGR news of merger
Younger America Corporation Updates Shareholders and Announces Management Changes Market Wire "US Press Releases "
FORT LAUDERDALE, FL -- (MARKET WIRE) -- 04/14/08 -- Younger America Corporation (PINKSHEETS: YNGR), a Florida -based distributor of homeopathic medical devices, is announcing today that a New York City -based Finance group headed by Dr. Allan B. Rosenthal and Mr. Ephraim Ullmann has signed a letter of intent to purchase controlling interest. The new management of YNGR has identified several new and exciting private businesses that are candidates to merge into YNGR.
Younger America Corporation was the subject of a spam campaign initiated by Qualitystocks.net last summer. . Manny Shulman, President / CEO of Younger America, stated, "Younger America had no knowledge of this campaign in an attempt to inflate the value of our stock. We have taken action to attempt to locate the individual or individuals responsible. We were informed on Friday, March 21st by the SEC that a video promotion was a basis for halting the trading of our stock under the SEC's anti-spam initiative. We have asked the individuals responsible to please remove the videos in question from the YouTube web-site. We are confident the SEC's investigation will conclude shortly." However, in light of the company's delisting from the pink sheets to the grey sheets, Mr. Shulman has agreed to step down as an officer and Director of YNGR, but may remain in an advisory capacity to the Company.
Both new and old management along with its staff are assembling the final Income Statement and Balance Sheet for 2007 and are working with a broker dealer to file the appropriate forms to move the the OTC Bulletin Board and become a fully reporting company.
Manny Shulman, President and CEO of Younger America, stated, "We are very excited to get this SEC suspension behind the company and move forward to execute the new business plan."
Going forward and during this transition period individuals, doctors and shareholders can purchase the Med Light 630 Pro by calling Life Without Pain, L.L.C. at 1-877-557-5433.
The company's common stock has begun trading on the grey sheet markets. The new management team will re file any and all necessary documentation for re listing on the pink sheets market as quickly as possible.
Please contact Dr. Allan B. Rosenthal at 856-816-1509 with any questions.
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Contact:
Dr. Allan B. Rosenthal
856-816-1509
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