Whole Living's Board of Directors Propose a Resolution to Change Corporation’s Name to ForeverGreen Worldwide
At the time of this transaction, ForeverGreen and Whole Living combined management teams, and the companies integrated their distributors, business models and consolidated product lines.
27/11/06 Whole Living, Inc. a manufacturer and distributor of all natural whole foods, announced its Board of Directors has directed the company to file an information statement with the Securities Exchange Commission to allow a name change to ForeverGreen Worldwide in conjunction with the acquisition of ForeverGreen International, which is expected to close by the end of this year.
In January 2006, Whole Living acquired a 23% equity interest in ForeverGreen International, LLC. At the time of this transaction, ForeverGreen and Whole Living combined management teams, and the companies integrated their distributors, business models and consolidated product lines.
On October 27, 2006, Whole Living entered into a letter of intent to acquire the remainder of ForeverGreen International, LLC. In anticipation of the consummation of this acquisition, the Board of Directors proposed a resolution to change the corporation’s name to ForeverGreen Worldwide Corp. As a result of the proposed corporate name change, the company will be required to change the trading symbol for its common stock.
“Our executive team is diligently working to expedite this transaction, and we will keep the financial community informed of our progress,” stated Whole Living’s President Ron Williams. “We fully expect to complete this acquisition by the end of the year.”
