MIAMI, Sept. 3, 2020 /PRNewswire/ -- Youngevity
International, Inc. (Nasdaq: YGYI), a multi-channel lifestyle
company operating in three distinct business segments, including a
commercial coffee enterprise and commercial hemp production, today
announced that its wholly-owned subsidiary CLR
Roasters has added Unified Wholesale Grocers as a distributor,
expanding its distribution of its Café La Rica brand to
Florida's Gold Coast, including Palm Beach,
Broward, Miami-Dade, and Monroe Counties. Unified
Wholesale Grocers services the needs of boutique and small
independent supermarkets, convenience stores, and bodegas in the
southern geographical area of Florida. Unified Wholesale
Grocers has already purchased over four truckloads of Café La Rica
espresso for its customers.
"We look forward to working with Unified Wholesale Grocers to
expand the retail footprint of Café La Rica in South Florida." said Dave Briskie, President and CFO of parent
company Youngevity International, Inc.
Ernesto Aguila, the President of
CLR Roasters stated, "Our strategy of building sales in our company
owned brands remains a high priority, and we are proud to add great
distributors that really understand the local market place like
Unified Wholesale Grocers."
About CLR Roasters
Youngevity's coffee
manufacturing division, CLR Roasters, was established in 2001
and is a wholly-owned subsidiary. CLR Roasters is a full-sized
coffee roaster that produces gourmet coffees under its own boutique
brands — Café La Rica®, Josie's Java House®, and Javalution®;
manufactures a variety of private labels for major national chains;
and for the direct selling channel under Youngevity International.
The company remains one of the largest suppliers in North America to the cruise line industry. CLR
was the first entrant into the fortified coffee niche with its
Youngevity JavaFit® brand. In May
2014, CLR acquired a coffee plantation and processing
facility in Nicaragua, allowing
the entity to control coffee production and quality — from field to
cup.
About Youngevity International
Youngevity
International, Inc. ( NASDAQ : YGYI ), is
an multi-channel lifestyle company operating in 3 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/jewellery, as
well as innovative services. For investor information, please visit
YGYI.com. Be sure to like us on Facebook and follow us on
Twitter.
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, and include statements regarding working with Unified
Wholesale Grocers to expand the retail footprint of Café La Rica in
South Florida. 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. Important factors that could cause
actual results to differ materially from current expectations
include, among others, our ability to expand the retail footprint
of Café La Rica in South Florida,
our ability to expand and continue our coffee segment
growth, our ability to continue our hemp segment growth, our
ability to continue our international growth in our direct selling
and hemp segments, our ability to leverage our platform and global
infrastructure to drive organic growth, our ability to improve our
profitability, expand our liquidity, and strengthen our balance
sheet, the acceptance of the omni-direct approach by our customers,
our ability to complete our Annual Report on Form 10-K for
the year ended December 31,
2019 and Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2020 and June 30, 2020, our ability to re-gain and
thereafter maintain compliance with NASDAQ continued listing
requirements, our ability to continue our financial performance and
the other factors discussed in 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.
All product names referenced herein are trademarks of their
respective companies.
Contacts:
Youngevity International, Inc.
Dave Briskie
President and Chief Financial Officer
1 800 982 3189 X6500
Investor Relations
YGYI investor relations
investors@ygyi.com
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SOURCE Youngevity International, Inc.
