Leading omni-direct lifestyle company Youngevity
International (NASDAQ: YGYI) this morning announced that its wholly owned
subsidiary, CLR Roasters, has, under recent entry of a 5-year contract, begun
processing and shipping its first containers of green coffee. The company has
already received orders against the contract for 230 containers that are
scheduled to ship in the first quarter of this year. Strictly High Grown washed
Nicaraguan conventional coffees account for the majority of the initial coffee
shipments, while 15 containers of naturals were also included. “We are very
pleased to see this contract producing revenue as we kick off 2019,” Youngevity
President and CFO Dave Briskie stated in the news release. “We have already
taken possession of 35 million pounds of green coffee and the processing is
well under way. This represents 77 percent of the green coffee needed to meet
our targets outlined in the contract and we do not anticipate any obstacles in
acquiring the final 13 percent of the green coffee required for year one.”
To view the full press release, visit http://ibn.fm/83L3D
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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