New Leaf Distributing Company Under New Ownership
January 24, 2003
Lithia Springs, Ga.: Shakti, LLC, led by industry veterans Santosh and Karuna Krinsky, has acquired the corporate stock of Al-Wali Corp., the parent company of New Leaf Distributing in a transaction which closed on Jan. 23, 2003.
Santosh has been in the book industry for 29 years, specializing in body/mind/spirit titles. He started Lotus Light Enterprises, a wholesaler of natural health and wellness products; Lotus Brands, a manufacturer of products inspired by nature; and Lotus Press, a publishing company that focuses on alternative health and wellness information. Santosh has been on the New Leaf "Board of Dreamers" for a number of years and has had a close relationship to New Leaf virtually from the time of its founding.
He stated his goals for the company at the time of closing: "New Leaf is an outstanding leader in the field of metaphysical, spiritual and wellness information. In today's troubled times, it is more important than ever that a company such as New Leaf is strong, vibrant and leading the way in providing this information. I am truly humbled by the trust that has been reposed in me and have dedicated myself to continuing to build New Leaf in the future together with its outstanding team of people and in collaboration with New Leaf's many customers and vendors."
Alim Thompson, the original founder of New Leaf has been named President and CEO, and is in charge of day-to-day operations of the company. Alim brings his passion and enthusiasm to the company, along with his intimate knowledge of its operations and the needs of its customers. New Leaf will remain based in the Atlanta area, and will continue to operate its business as before. The new owners are infusing funds to upgrade systems, increase title selection and enhance services of the company. Major emphasis will be placed on upgrading the recently introduced Internet online ordering system giving all wholesale customers the opportunity to acquire title and product information, on-hand inventory status, do searches and place orders online 24/7.
Alim, effusive about the deal, said: "There is absolutely no better person to take New Leaf into a bright and exciting future. I have known Santosh for over 25 years. He brings a blend of vast experience, insightful leadership and energetic enthusiasm that along with financial resources, is exactly what we need. We at New Leaf are absolutely delighted."
For more information, contact NEW LEAF DISTRIBUTING, Attn: Alim Thompson, 401 Thornton Road, Lithia Springs, GA 30122. 770.948.7845 (office phone). E-mail: email@example.com website: www.newleaf-dist.com
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