SOURCE: Youngevity International, Inc.

Youngevity International, Inc.

February 03, 2016 08:30 ET

CLR Roasters, LLC (YGYI) Receives Order for 2.5 Million Pounds of Green Coffee

$3.4 Million Dollars in Revenue Anticipated Based on Today's Market Price

SAN DIEGO, CA--(Marketwired - Feb 3, 2016) - Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that its wholly-owned subsidiary, CLR Roasters, has procured contracts for 60 containers of its strictly high-grown, washed, Arabica coffee, and its Organic Coffees. The commitments represent $3.4 million in revenue at current market prices. The 100 percent Arabica beans are shade grown. These strictly high grown coffees from Nicaragua and are expected to begin shipping in February 2016 from our CLR Roasters processing plant located in Matagalpa. One half of the contract is scheduled to ship in Q1 2016, with the balance of the coffee expected to ship by the end of Q3 2016.

"This new $3.4 million dollar green coffee contract represents our first new contract for the 2016 growing season and we anticipate significant growth in 2016 for our green coffee distribution business," said Ernesto Aguila, President of CLR Roasters.

Dave Briskie, Youngevity's President and CFO said, "We have invested heavily in our coffee plantation and processing plant in Nicaragua. We could not be prouder of our employees in Nicaragua and all they have helped us achieve. This is a banner year for us. This year represents the first full harvest year, where we can capitalize on these significant investments made throughout 2015. We anticipate our Nicaraguan operations will now begin providing a return on these earlier investments."

About Youngevity International, Inc.
Youngevity International Inc., (OTCQX: YGYI) (www.YGYI.com) is a fast-growing, innovative, multi-dimensional company that offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a "network of networks." The Company also is a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels. The Company was formed after the merger of Youngevity Essential Life Sciences (www.youngevity.com) and Javalution Coffee Company in the summer of 2011. The company was formerly known as AL International, Inc. and changed its name to Youngevity International Inc. in July 2013.

About CLR Roasters
CLR Roasters (www.clrroasters.com) was established in 2001 and is a wholly-owned a subsidiary of Youngevity International. CLR Roasters produces coffees under its own boutique brands as well as manufactures a variety of private labels through various tiers of distribution. Industries served include grocery, retail, wholesalers, hospitality, cruise lines, wellness facilities, office coffee service, and convenience store distribution. It also produces a unique line of coffees with health benefits under the JavaFit® brand.

Safe Harbor Statement
This release includes forward-looking statements on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," "encouraged" and similar expressions. The forward-looking statements contained in this press release include statements regarding the Company's anticipated revenue to be derived from the green coffee contracts, scheduled shipping dates for the contracts, the anticipated significant growth in 2016 for the green coffee distribution business and the anticipation that the Nicaraguan operations will now begin providing a return on earlier investments. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict including the success of the green coffee business and the  risks and uncertainties described in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 and its other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release based on new information, future events, or otherwise, except as required by law.

Contact Information

  • CONTACTS:

    INVESTORS:
    Chuck Harbey
    Managing Director, Corporate Advisory
    PCG Advisory Group
    Phone + 1 646 863 7997

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    Sean Leous
    Managing Director, Public Relations
    Phone+ 1 646 863 8998