SAN DIEGO, May 19, 2020 /PRNewswire/ --
Youngevity® International,
Inc. (NASDAQ: YGYI), a
leading multi-channel lifestyle company operating in three
distinct business segments including a commercial coffee enterprise
and a commercial hemp enterprise, announced today its application
for registration for trademark on its Hemp FX® brand has
been approved by the United States Patent and Trademark
Office.
The company plans to begin an immediate expansion of Hemp FX's
line of hemp derived products leveraging the production and
manufacturing capabilities of its wholly owned subsidiary Khrysos
Industries. Hemp FX products are available on a company owned
website devoted specifically to hemp derived products.
To view the site click here Hemp FX.
"We have always found considerable value in our intellectual
property across our platform and we are pleased to have a strong
registered mark now available within the Hemp category. With
this trademark registration we intend to move forward with a line
expansion of our Hemp FX brand and expect to announce new products
in the category to go along with our Tinctures, Gel Caps, Creams,
Pet Products, and Hemp Coffee," said Steve
Wallach, Youngevity CEO.
Dave Briskie, Youngevity
President and CFO stated, "We believe the strong collaboration
among our subsidiaries provides a number of competitive
advantages. We look forward to the continued expansion of our
company owned brands to leverage these advantages."
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI and YGYIP), 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, as well as innovative services.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. 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. These forward-looking
statements are based on management's expectations and assumptions
as of the date of this press release and are subject to a number of
risks and uncertainties, many of which are difficult to predict
that could cause actual results to differ materially from current
expectations and assumptions from those set forth or implied by any
forward-looking statements and include statements regarding plans
to begin an immediate expansion of Hemp FX's line of hemp derived
products, announcing new products in the hemp category,
strong collaboration among our subsidiaries providing a number of
competitive advantages and continued expansion of our company owned
brands. Important factors that could cause actual results to
differ materially from current expectations include, among others,
our ability to expand of Hemp FX's line of hemp derived products as
planned, our ability to announce new products in the hemp category
to go along with our Tinctures, Gel Caps, Creams, Pet Products, and
Hemp Coffee, our ability to leverage the production and
manufacturing capabilities of Khrysos Industries for competitive
advantage, our ability to continue the expansion of our company
owned brands, our ability to drive revenue and further growth, our
ability to return to profitability, expand our liquidity, and
strengthen our balance sheet, our ability to continue to maintain
compliance with the NASDAQ requirements, our ability to expand our
distribution, our ability to add additional products (whether
developed internally or through acquisitions), and the other
factors discussed in the preliminary prospectus supplement and
accompanying base prospectus and our Annual Report on Form 10-K for
the year ended December 31, 2018 and
our subsequent 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 we undertake no
obligation to update any forward-looking statements contained in
this release on account of new information, future events, or
otherwise, except as required by law.
Contacts
Youngevity International, Inc.
Dave Briskie
President and Chief Financial Officer
1 800 982 3189 X6500
Investor Relations
YGYI Investor Relations
investors@ygyi.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/youngevitys-hemp-fx-trademark-registration-approved-by-uspto-301061467.html
SOURCE Youngevity International, Inc.
