SAN DIEGO, CA--(Marketwired - Aug 9, 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 the Company has acquired assets of Renew Interests, LLC which includes SOZO® Global and Integris brands and products. These two companies have extensive quality product lines including: Nutrition, Coffee, Weight Loss, Energy, and Skin Care. SOZO and Integris when combined, are expected to bring a significant network of distributors and customers to Youngevity.
Steve Wallach, Youngevity CEO, stated, "The brands we acquired in this transaction exceed our high and stringent quality standards. I believe Sozo's emphasis on the coffee berry as an ingredient will have particular appeal to our growing customer base. I am excited by the potential to leverage Youngevity's coffee assets including the capabilities provided by our Nicaraguan based Fair Trade/Organic certified plantation into Sozo's brands that utilize the benefits of coffee berry as a critical ingredient."
To learn more about Sozo's coffee berry products click here: https://vimeo.com/178091327/f4776b3106
Dave Briskie, President and CFO of Youngevity, stated, "We are very pleased to conclude and announce the acquisition of assets of Renew along with SOZO Global and Integris Brands. After a thorough examination of their business, the culture of their distributors and having the opportunity to evaluate their products we are enthusiastic about the synergies that are apparent from this integration."
Mark Adams, President, CEO and Cofounder of SOZO Global, stated, "We believe we have a business with extraordinary potential because of the strength of our products and brands and the capabilities of our outstanding distributors. Our team at SOZO Global viewed the unique opportunity provided through Youngevity's platform as an opportunity we could not pass up. Youngevity International is a leader in successfully integrating direct selling acquisitions onto their platform." Mr. Adams continued, "Youngevity's extensive product lines, business structure and support systems, along with the depth of the Youngevity management team have us optimistic regarding our ability to quickly reach our revenue potential."
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.
Safe Harbor Statement
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 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," and similar expressions and includes statements regarding the expectation that the acquisition will bring a significant network of distributors and customers to us, the belief that Sozo's emphasis on the coffee berry as an ingredient will have particular appeal to our growing customer base, the potential to leverage our coffee assets into Sozo's brands that utilize the benefits of coffee berry as a critical ingredient, the synergies to be derived from the integration, our belief that we have a business with extraordinary potential because of the strength of our products and brands and the capabilities of our outstanding distributors and the ability to quickly reach revenue potential. These statements are based upon current beliefs, expectations and assumptions and include statements regarding and are subject to a number of risks and uncertainties, many of which are difficult to predict, including the risk that the integration will not be as successful as anticipated and the other factors described in the Company's Report on Form 10-K for the year ended December 31, 2015 and its other filings with the Securities and Exchange Commission, 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 we undertake 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.