SAN DIEGO, CA--(Marketwired - Feb 3, 2016) - Youngevity International, Inc. (
"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., (
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
MEDIA:
Sean Leous
Managing Director, Public Relations
Phone+ 1 646 863 8998