YGYI, Inc. (YGYI), a leading omni-direct lifestyle company, has announced that its Chief Executive Officer, Steve Wallach, has been appointed to the Direct Selling Association (DSA) Board of Directors.
“I’m especially pleased that Steve Wallach has been elected to serve on the Direct Selling Association’s Board of Directors,”
said Joseph N. Mariano, President of the Direct Selling Association.
“We believe direct selling will play an increasingly dynamic role in the future of retailing, and the entrepreneurial spirit that enables Steve to empower Youngevity’s independent contractors in exciting new ways will be an asset to our board.”
The Direct Selling Association is a national trade association that represents the direct selling industry and advocates on behalf of its 200-plus member companies. Its board consists of 22 industry leaders who serve as officers and directors, as nominated and elected by their peers.
In addition to leading and directing the affairs of the association, board members are charged specifically with promoting the DSA code of ethics. Board leadership also carries government relations, education, and research responsibilities.
With nearly three decades of sales and network marketing experience, Steve Wallach has successfully guided Youngevity from a domestic seller to a worldwide marketer of products and services that support a healthy and empowered lifestyle.
“I’m extremely grateful for
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Youngevity Takes Top Honor At Telly Awards For Betterment Video
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYID), a leading omni-direct lifestyle company – Triple A Classified by Business For Home – today announced that the Company has been recognized by the 37th Annual Telly Awards with its top honor – a Silver People’s Choice Telly Award – for its “Betterment” video.
This latest honor marks the Company’s 12th Telly Award this season –during the first year of entry for Youngevity. The People’s Telly Award is voted on among the community – industry leaders, producers, and enthusiasts from around the world. Being named a People’s Telly winner offers recognition from respected peers, experts and a global audience of individuals.
The Telly Awards is an international premier award honoring outstanding local, regional and cable TV commercials and programs, as well as the finest video and film productions and online commercials, videos and films. Winners represent the best work of the most respected advertising agencies, production companies, television stations, cable operators and corporate video departments in the world.
“It is gratifying and rewarding to be recognized with a People’s Choice Silver Telly Award for a video that embodies what our company is about – the idea of products, services and lifestyles that aim to make each day a
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Youngevity Announces Reverse Stock Split
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, today announced that the Company has filed a Certificate of Amendment to its Certificate of Incorporation to implement a 1 for 20 reverse stock split of the Company’s authorized, issued, and outstanding common stock in preparation for its proposed listing of its common stock on the NASDAQ Capital Market.
The reverse split was approved by the Company’s stockholders on February 23, 2017, followed by a unanimous vote by the Board of Directors.
The reverse stock split will become effective with the Financial Industry Regulatory Industry (FINRA), and in the marketplace on June 7, 2017 whereupon the shares will begin trading on a split adjusted basis under the symbol “YGYID”, with a “D” to be added for 20 trading days to signify that the reverse split has occurred.
After that time, the Company’s ticker symbol will once again be “YGYI.” Youngevity’s transfer agent, Fidelity Transfer, will act as exchange agent for the reverse split. Youngevity stockholders will receive forms and notices to exchange their existing shares for new shares from the exchange agent or their brokers. The NASDAQ listing, if approved, is expected to facilitate greater liquidity in the stock as well as enable broader
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Youngevity Beta Launches Omni-Direct Cross Channel Direct Business Model
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI), the only omni-direct lifestyle company, today announced the beta launch of its anticipated revolutionary and all-inclusive new online destination — temporarily housed at www.youngevitybeta.com.
When the site is formally launched as expected at the end of March, it will be fully transactional. Ultimately, at the conclusion of the transactional beta, the site will be located at its permanent web home — www.youngevity.com.
Youngevity has coined the term “omni-direct” to describe its innovative cross channel business model that adds flexibility and convenience into the direct selling customer and independent associate experience. As an “omni-direct” lifestyle company, Youngevity represents a unique hybrid of direct selling, e-commerce and social selling business models.
Steve Wallach, Youngevity CEO, stated,
“This technology platform has been a significant investment for our company and we are pleased that it should
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Youngevity Launches Ocutiv
by Ted Nuyten • • 0 Comments
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 the launch of Ocutiv™ a new powerful eye supplement.
Ocutiv™ provides the highest quality, most comprehensive eye health supplement ever! Ocutiv features a powerful array of active carotenoids, including Lutein, astaxanthin, zeaxanthin and lycopene, as well as a targeted group of select, high potency vitamins known for their eye-health-promoting activities: A, C and E.
Ocutiv also supplies essential minerals-zinc and selenium, which also help optimize ocular well-being. Ocutiv also features powerful botanical antioxidant nutrients, including bilberry and grapeseed extract, as well as an outstanding organic whole food complex, promoting robust ocular health. In addition, to help the body control inflammation, which
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Youngevity Q1 Revenue Up 3% To $38.2 Million
by Ted Nuyten • • 0 Comments
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, today reported financial results for the first quarter ended March 31, 2016.
2016 First Quarter Highlights:
Net Revenues increased 3.8% over the prior year to $38.2 million
Gross Profit increased 15.2% to $23.4 million compared to the prior year
Operating Income increased 211.0% to $1,163,000 compared to the prior year
Adjusted EBITDA increased 72.8% to $2,236,000 compared to the prior year
Gross profit as a percentage of revenues increased to 61.2% compared to 55.1% in the prior year
“The first quarter of 2016 was one of the most active and exciting quarters in the Company’s history,” stated Steve Wallach, Chief Executive Officer of Youngevity International.
He added, “We were excited
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Youngevity – Strong Growth
by Ted Nuyten • • 0 Comments
Youngevity is reporting strong growth and is an innovative, multi-dimensional consumer products company and offers more than 1,000 high quality, technologically advanced products. The company 2014 sales has been $134 million.
The California, USA based company offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a “network of networks.” Youngevity is also a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels.
As Business for Home revisits our “Spotlight Leaders” on an annual basis, it’s very gratifying to see that not much has changed for Youngevity top earners Denice and Tom Chenault.
A previous interview with the dynamic couple can be found here.
Sure, they are a little older but their business has continued to skyrocket as a result of the leadership at
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Youngevity Names Dave Briskie New Corporate President
by Ramya Chandrasekaran • • 0 Comments
Youngevity International has announced major appointments to its leadership structure. Dave Briskie assumes the position of President, Brad Kenson has been appointed to the position of Chief Technology Officer and Alex Theis has been appointed to the position of VP of Distributor Relations and Training.
Steve Wallach, Youngevity CEO, following the resignation of Bill Andreoli, immediately set out to fortifying his executive team.
“Dave Briskie is the ideal choice as President of Youngevity and I could not be more confident to have him as our President and CFO. Dave’s previous experience, prior to Youngevity, included all C-Suite positions including 15 years as CEO of an international business. He has extensive public company experience, proven international experience, he will continue to lead our acquisition strategy and oversea our coffee operations. With nearly 10 years of direct
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Youngevity Product Approved In Russia
by Ramya Chandrasekaran • • 0 Comments
Youngevity International, Inc. 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 the Ministry of Health of the Russian Federation has approved its core product line for distribution across Russia.
LLC Youngevity Russia, a wholly owned subsidiary of Youngevity, was formed on July 4, 2014 and the Company officially opened an office in Moscow in November of last year. LLC Youngevity Russia has been working since its inception, in cooperation with the Ministry of Health, to gain the necessary product approvals to properly enter the Russian market.
Initially, product approvals happened relatively quickly, but the significant amount of ingredients present in Youngevity’s core 90 for Life Product Line took longer than anticipated to gain approval. This week
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Youngevity Products Earn NSF Certification
by Ramya Chandrasekaran • • 0 Comments
Youngevity International, Inc., 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, has announced that several of its products, including its flagship Beyond Tangy Tangerine 2.0, have earned certification from NSF International.
NSF International has certified the products Pollen Burst™ Plus with SOD, Chocolate and Vanilla Slender FX™ Meal Replacement Shakes, and two products that make up the core of the Youngevity signature 90 For Life nutrient philosophy, Beyond Tangy Tangerine 2.0 and Beyond OsteoFx™. The NSF Certification, which is recognized by regulatory agencies at the local, state, federal, and international level, demonstrates that a product complies with all standard requirements for safety, quality, and performance.
“The cornerstone of all the Youngevity products is quality, safety, and efficacy,” said Youngevity International