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 Bell has joined the Youngevity executive team as Vice President of Analytics and Promotions.
Mr. Bell is a seasoned executive who, prior to joining Youngevity, had a highly successful, 16 year career, at Herbalife, where he witnessed revenue growth go from approximately $700 million to several billion.
As a pioneer in Direct Selling Analytics, Scott Bell’s teams have developed many of the state of the art analytics models in practice today. For the last 20 years, his expertise has been used to craft and manage successful worldwide marketing and promotional campaigns for top direct selling companies.
He has led global teams in
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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
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Youngevity To Open Singapore Office
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 today the planned opening of its office in the Republic of Singapore.
Youngevity International (Singapore) PTE LTD, a wholly owned subsidiary of Youngevity, was formed on March 10, 2015. The company finalized lease negotiations for its Asia-based headquarters on August 17, 2015. The Singapore office is strategically located in the heart of the bustling Orchard Shopping District which is located at the southernmost tip of the Asian continent and at the crossroads of the world’s global trading centers.
Singapore’s strategic location has transformed it into one of the world’s busiest ports and airports boasting a strong Asia Pacific logistics and supply chain manufacturing network supported
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Youngevity Records $38.7 Million in Q2
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, today reported financial results for the second quarter and six months ended June 30, 2015.
Second Quarter 2015 Highlights:
Revenues increased 18.4% over the prior year period to $38.7 million;
Gross Profit increased 25.7% to $23.8 million compared to the prior year period;
Operating Income increased 84.3% to $2.3 million compared to the prior year period;
A non-cash expense of $2.2 million was recorded in other expense due to change in fair value of warrant derivative liability;
Adjusted EBITDA increased 63.3% to $3.3 million compared to the prior year period and 151% over the prior quarter.
“We are excited to report record revenue and record adjusted EBITDA for the second quarter
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Youngevity Expands Distributor & Product Base Through MK Collab
by Ramya Chandrasekaran • • 0 Comments
Youngevity International, Inc. a global direct marketer of nutritional and lifestyle products has expanded and diversified its distributor and consumer base through its wholly-owned subsidiary, the MK Collaborative (MK Collab) which offers a couture line of women’s apparel and jewelry. MK Collab provides distributors the opportunity to engage and influence their network through their own e-boutique website.
The MK Collab business has also allowed Youngevity to expand into a new product category. Although several long time fashion conscious Youngevity Distributors have grown their marketing presence simply by adding the MK Collab platform, this richly immersive e-commerce selling system is widening the appeal of Youngevity’s business opportunity to new consumers as well. Young Professional women, fashion forward shoppers, and a number of celebrities have found their way to the MK Collab.
“As an actress and businesswoman, I’m
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Youngevity Acquires Jewelry Company Mialisia
by Ramya Chandrasekaran • • 0 Comments
Direct-selling conglomerate Youngevity Essential Life Sciences announced Thursday that it completed the acquisition of the business of Mialisia, a direct-sales jewelry company that specializes in interchangeable jewelry.
As reported by Youngevity, the company’s distributors and customers will have access to the VersaStyle line of Mialisia’s jewelry. Mialisia distributors and customers will gain access to more than 1,000 products offered by Youngevity, including nutritional supplements, sports and energy drinks, health and wellness-related services, weight management and lifestyle products, gourmet coffee, packaged foods, skincare, cosmetics, scrap books, memory books, apparel and accessories.
The transaction amount was not disclosed.
“We proudly welcome Mialisia to our Youngevity family as we provide our growing network of women distributors and customers with an innovative line of versatile customizable jewelry,” said Steve Wallach, CEO of Youngevity.
He described Mialisia as a company that is empowering
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Youngevity Q1 2015 Revenues Increase To $36.8 million
by Ramya Chandrasekaran • • 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 reported financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights:
Net Revenue increased 39.4% over the prior year period to $36.8 million;
Gross Profit increased 28.1% to $20.3 million compared to the prior year period;
Adjusted EBITDA was $1.3 million, compared to $1.7 million in the prior year period;
Held annual convention with record attendance;
Entered into two acquisitions during the first quarter.
“In the first quarter, we remained focused on accelerating our revenue via targeted acquisitions, strengthening our geographic expansion, and steady organic growth in both our direct selling and coffee business segments,” stated Steve Wallach, Chief Executive Officer of Youngevity International.
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Youngevity Announces Newest Brand Ambassador
by Nicole Dunkley • • 0 Comments
Youngevity Essential Life Sciences, a wholly-owned subsidiary of 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 that the founding editor of Creating Keepsakes scrapbook magazine, author of thirteen books, HSN guest host, and mother of five, Lisa Bearnson.
Lisa has joined Youngevity as its new celebrity brand ambassador, serving as the spokesperson for Youngevity’s memory keeping product category, which includes Heritage Makers and Our Memories for Life.
Lisa Bearnson has been featured in People Magazine and has appeared on “The Oprah Winfrey Show,” “Weekend Today,” “Home Matters,” and the “American Baby Show.” Lisa was also a finalist for the Ernst & Young Entrepreneur of the Year Award for the State of Utah.