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 Aims For $175 To $190 Million Revenue
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (OTCQX: YGYI), 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 announced the Company’s management team will commence the strategic growth agenda, which was first announced and outlined on the First Quarter Shareholder Conference Call.
David Briskie, President and CFO of Youngevity, stated,
“As announced on our earnings call, we are ready to begin our corporate strategic growth initiative.
Having issued guidance in the range of $175 to 190 Million for 2016, we believe we are at the perfect inflection point to take the Company to new heights.
We will investigate an up listing on one of the senior exchanges. Our plan is ambitious; however, with strong product sales, over 1000 products available, organic growth and the stepped
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Youngevity Vs. Wakaya Perfection Law Suit – Amended Complaint
by Ted Nuyten • • 0 Comments
The Youngevity Complaint seeks damages and injunctive relief, alleging that Wakaya Perfection intentionally interfered with Youngevity’s existing and prospective business relationships, and converted Youngevity’s proprietary business information for use in developing Wakaya’s nascent business.
Wakaya was formed by a small group of former Youngevity distributors and executives who broke from Youngevity in 2015.
Youngevity filed an Amended Complaint and documented the case with 300 pages.
A summary of the complaint:
From 1997 until March of 2016, Todd Smith was a top level Youngevity distributor. Wakaya is a multi-level marketing company that competes directly with Youngevity.
Through improper and unlawful means, and trade on the trust and confidence of their prominent Youngevity positions, Wakaya’s owners, operators, and promoters (all of whom were affiliated with Youngevity as officers, employees, or top level distributors) have interfered with and injured Youngevity’s business
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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 2015 Revenue Up 16.8% To $156 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 full year ended December 31, 2015.
2015 Full Year Highlights:
Net Revenues increased 16.8% over the prior year to $156.6 million.
Gross Profit increased 21.8% to $92.9 million compared to the prior year.
Operating Income increased 60.5% to $5.4 million compared to the prior year.
Net loss was $1.7 million compared to net profit of $5.4 million in the prior year, primarily due to changes in the valuation of net deferred taxes in 2014 and the impact of approximately $7.5 million of Non-Cash Expenses in 2015.
Adjusted EBITDA increased 39.9% to $9.2 million compared to the prior year.
“2015 was a year
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Youngevity Files Suit Against Wakaya Perfection
by Ted Nuyten • • 0 Comments
Youngevity International, Corp. (YGYI) filed suit against Wakaya Perfection, LLC, a competing direct network marketing enterprise that began operations in 2016 and individuals involved in aiding and abetting Wakaya in the commission of tortious acts against Youngevity.
The Youngevity Complaint seeks damages and injunctive relief, alleging that Wakaya intentionally interfered with Youngevity’s existing and prospective business relationships, and converted Youngevity’s proprietary business information for use in developing Wakaya’s nascent business.
Wakaya was formed by a small group of former Youngevity distributors and executives who broke from Youngevity in 2015.
According to Youngevity’s Complaint filed in the U.S. District Court for the Southern District of California, the fledgling Wakaya venture secured products and investors at Youngevity’s expense through improper cross-recruiting practices, deliberate breaches of employment agreements, and targeted efforts encouraging other distributors to breach
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Youngevity Appoints David Rutz As VP Of Global Services
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 that David Rutz has been appointed as Vice-President of Global Services.
David Rutz brings more than 25 years of direct sales, network marketing and executive operations experience to Youngevity.
An inspirational leader with extensive experience in both direct sales and operations, David has led and trained a national sales organization; and as a corporate officer, David launched his own direct sales company, Escape International.
During his 10 year tenure as President and CEO, of Escape, the company was recognized by Inc., Magazine as one of the fastest growing companies in North America.
Mr. Rutz was also the Founder and President of a
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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 Appoints Scott McElroy As Director Of IT/Project Management Operations
by Nicole Dunkley • • 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 today that Scott McElroy has been appointed as Director Information Technology Project Management Operations / Global Technology Solutions Architect.
Scott McElroy brings 30 years of experience in Information Systems and Technology. He is a specialist in advancing strategic architecture, applications development, data center operations, infrastructure, security and core technologies, which support the business on a global scale.
Prior to joining Youngevity, Mr. McElroy led the design, development and implementation of strategic technology initiatives for Cisco Systems, Deloitte, Intel Corporation, Northern Trust of Chicago, The VONS Companies and numerous Fortune 500 companies while serving as President and CEO of two Southern California-based technology consultancies.
Mr. McElroy also
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Youngevity Launches Social Selling Platform
by Nicole Dunkley • • 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, recently announced the launch of its Hybrid Social Selling Platform with 2,100 distributors enrolled in the Pilot Program which, is designed to further accelerate customer growth.
The success of Youngevity’s acquisition model has created an opportunity for Youngevity to leverage the activity of thousands of men and women experienced in hosting highly successful social events.
Sean Brown, Manager Youngevity’s Utah based office and Director of Special Programs, stated, “Youngevity could not be more pleased to provide an alternative distribution method for both the field and ‘demonstrate-able products’ that the Company has in its portfolio.”
“Youngevity proves once again that inclusion is important and has listened