Leading omni-direct lifestyle company Youngevity
International (NASDAQ: YGYI) today announced that its wholly-owned subsidiary,
CLR Roasters, will be shipping coffee earlier than anticipated for its recently
entered 5-year sale and processing contract which is estimated to be worth $250
million. The first year of the contract was scheduled to start producing
revenue in January of 2019. The first shipments are now expected for December
2018 due to earlier than normal harvest conditions in Nicaragua. “We have 8
million pounds of coffee now in our physical possession at our mills in
Nicaragua and we anticipate that our inventory levels will reach 16 million
pounds of green coffee in early November. Our contract provides for early
shipments, so we anticipate revenues under this contract by the end of this
year. We are excited to reach the point of realizing revenue for the
coffee division on this significant contract,” CLR Roasters president Ernesto
Aguila stated in the news release.
To view the full press release, visit http://ibn.fm/0PozY
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading
omni-direct lifestyle company offering a hybrid of the direct selling business
model that also offers e-commerce and the power of social selling. Assembling a
virtual Main Street of products and services under one corporate entity,
Youngevity offers proven products from the six top-selling retail categories:
health/nutrition, home/family, food/beverage (including coffee), spa/beauty,
apparel/jewelry, as well as innovative services. The company was formed during
the summer 2011 merger of Youngevity Essential Life Sciences with Javalution®
Coffee Company (now part of the company’s food and beverage division). The
resulting company became Youngevity International, Inc. in July 2013. For more
information, visit the company’s website at www.YGYI.com
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