Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) this morning announced that its wholly owned subsidiary, CLR Roasters, has, under recent entry of a 5-year contract, begun processing and shipping its first containers of green coffee. The company has already received orders against the contract for 230 containers that are scheduled to ship in the first quarter of this year. Strictly High Grown washed Nicaraguan conventional coffees account for the majority of the initial coffee shipments, while 15 containers of naturals were also included. “We are very pleased to see this contract producing revenue as we kick off 2019,” Youngevity President and CFO Dave Briskie stated in the news release. “We have already taken possession of 35 million pounds of green coffee and the processing is well under way. This represents 77 percent of the green coffee needed to meet our targets outlined in the contract and we do not anticipate any obstacles in acquiring the final 13 percent of the green coffee required for year one.”
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About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven 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. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com.
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