Leading multi-channel lifestyle company Youngevity
International (NASDAQ: YGYI) and BeneYOU LLC, a nutritional and beauty
products company, this morning announced the execution of a non-binding Letter
of Intent (“LOI’) detailing YGYI’s purchase of certain assets of BeneYOU. The
companies intend to complete a definitive asset purchase agreement within the
next few weeks, and plan to close the transaction by the end of the month.
“Given the size of the integration and the amount of communication that will
take place between both companies we felt that disclosing where we are in the
acquisition process was prudent. Assuming a successful close, we will share
additional information regarding the transaction at that time,” Youngevity
president and CFO Dave Briskie stated in the news release.
To view the full press release, visit http://ibn.fm/Mb7Yy
About Youngevity International Inc.
Youngevity International Inc. is a multi-channel lifestyle
company operating in three distinct business segments, including a commercial
coffee enterprise, a commercial hemp enterprise and a multi-vertical omni
direct selling enterprise. The company features a multi country selling network
and has assembled a virtual Main Street of products and services under one
corporate entity. YGYI offers products from the six top-selling retail
categories: health/nutrition, home/family, food/beverage (including coffee),
spa/beauty, apparel/jewelry and innovative services. For more information,
visit the company’s website at www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates
relating to YGYI are available in the company’s newsroom at http://ibn.fm/YGYI
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