NEWS Wednesday, September 05 2007 7:01 AM, EST
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Younger America's President Presents Financials to Board of Directors and Addresses Shareholders
Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 09/05/07 -- Younger America (PINKSHEETS: YNGR) issued the following open letter to Shareholders today.
To Our Shareholders,
I would first like to thank all of you for your continued support and faith in Younger America as well as welcome you back from summer vacation and holidays.
We recently signed a joint venture and marketing agreement with Interact Communications, Inc., a company who markets devices designed to block electromagnetic energy emitted from cellular phones. Younger America has begun to market Interact Communication's Wave Shield through its e-commerce Web site: www.yourlifewithoutpain.com. The Wave Shield is a protective system about the size of a quarter that adheres to the ear piece of any cordless phone or cell phone. The Wave Shield blocks up to 97 percent of the harmful electromagnetic waves that may enter through the inner ear without affecting the quality of transmission of the phone.
We are continuing to actively pursue and align ourselves with other companies that are consistent with our goals and business plan. We are aiming to acquire a portfolio of companies that provide leading edge alternative medical devices, systems and services. The roll up of these companies will create value for the shareholders and provide innovative technologies and products that can enhance the quality of life for people.
Our subsidiary, Life Without Pain, has submitted its financial statements to Younger America and we are reviewing them. Younger America is working to consolidate all of our unaudited financial statements for the first and second quarter. As of this time, our projections for Life Without Pain are estimated at $4 million in net worth and an estimated $6 million in assets. We will provide those details and our completed unaudited financial statements as soon as they are available.
As always, we would like to thank our customers for their business, our employees for their commitment, and our investors for their continued investment in Younger America and its future.
Sincerely,
Irwin Newman
President and Chairman of Younger America
Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.
Contact:
Younger America
Irwin Newman
President
1-877-557-5433
www.youngeramerica.com
www.yourlifewithoutpain.com
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