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Youngevity Sales Up 56% To $134 Million In 2014

by Ted Nuyten • March 31, 2015 • 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 fourth quarter and full year ended December 31, 2014.
2014 Full Year Highlights:

Net Revenue increased 56.5% over the prior year to $134.0 million.
Gross Profit increased 48.8% to $76.3 million compared to the prior year.
Net Income of $5.4 million compared to $2.7 million. The increase in net income in 2014 was substantially due to a tax benefit of $4.7 million, which was mostly attributable to valuation allowance adjustments relating to deferred taxes.

“2014 was a strong year for Youngevity as we delivered solid financial results while continuing to make strategic investments to grow our diverse product line and

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Youngevity Announces Official Grand Opening In Russia

by Nicole Dunkley • November 6, 2014 • 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 grand opening of its new distribution and sales support center in Moscow, Russia.
A ribbon cutting celebratory event held on November 1, 2014 welcomed key leaders and distributors to inaugurate the opening of Youngevity’s first office in Russia.
In order to support this growing market, Youngevity’s new office will provide a central location in Moscow that is fully equipped with a sales and distribution center to handle product ordering to delivery, a large conference room to hold distributor education and training sessions, customer service desks, and a product showroom.
“We are proud to launch Youngevity’s first office in Russia and we plan to open a number of distribution points to cover the region,” said Ricardo Spilman, Director of Sales and Operations for Eastern Europe and Israel.
“Russia is one of the fastest growing billion dollar markets in the direct selling industry. The entrepreneurial spirit is amazing in Russia as we already have hundreds of new Russian distributors that attended our first training sessions and they are highly motivated to get started with their

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Youngevity Announces Acquisition of Restart Your Life

by Nicole Dunkley • October 6, 2014 • 0 Comments

Youngevity Essential Life Sciences, a wholly owned subsidiary of Youngevity International, Inc., announced that it consummated the acquisition of the business of Restart Your Life, a dietary supplement company and provider of immune system support products and therapeutic skin lotions.
As a result of the business combination, Youngevity distributors and customers will have access to the unique line of high-quality products from Restart Your Life. In turn, Restart Your Life distributors and customers will gain access to more than 1,000 high-quality products offered by Youngevity, including nutritional supplements, sports and energy drinks, health and wellness-related services, weight management, lifestyle products (pets, spa and bath, garden), gourmet coffee, packaged foods, skincare, cosmetics, apparel and accessories.
Joyce Cordell, CEO of Restart Your Life, said, “The Restart Your Life story is one of scientific innovation and excellence in the field of immunology. By joining the Youngevity family we have become an international company with a solid foundation backed by the stability of an established leader in the direct selling industry. This expands the Restart brand globally and we could not be more excited for our entire distributor base. This is a huge win for the Restart Your Life family.”
A.J. Lanigan, Co-Founder of Restart Your Life,

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Youngevity Recaps Highlights Of Leadership Summit Convention

by Nicole Dunkley • September 30, 2014 • 0 Comments

Youngevity Essential Life Sciences, a wholly-owned subsidiary of Youngevity International, Inc., welcomed over 1,500 distributors and customers from around the globe to Youngevity’s first ever Leadership Summit Convention, which was held on September 25th through September 27th at the Red Rock Hotel in Las Vegas, Nevada.
At the Convention, speakers included Youngevity® celebrity brand ambassadors, Marilu Henner, Danny Glover, World Champion Natural Body Builder, Gene Nelson, former NBA All-Stars, Theo Ratliff and Mike Glenn, as well as special guest presenter Michael Bernoff, and nutritional pioneer and Youngevity founder Dr. Joel D. Wallach, BS, DVM, ND.
Convention highlights included:

Youngevity celebrity brand ambassador, Marilu Henner, inspired an audience of over 1,500 people with advice on how to live healthier, more active lifestyles.
Actor, producer and humanitarian, Danny Glover was introduced as our newest Celebrity Brand Ambassador. Mr. Glover’s film credits include Lethal Weapon, The Color Purple, Places in the Heart, and an Emmy nominated portrayal of Nelson Mandela in Mandela.
David Ori, VP of International Development, announced international expansion plans which included Latin America, Israel, Russia, Eastern Europe, and the Pacific Rim.
Ricardo Spilman, Director of Sales and Operations for Eastern Europe provided an update on the Company’s launch in Russia which he expected would take place

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Youngevity`s Green Coffee Division Inks $2 Million Dollars in New Contracts

by Nicole Dunkley • September 22, 2014 • 0 Comments

Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and vertically integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that the Green Coffee Sales Division of its wholly owned subsidiary, CLR Roasters, has procured several new contracts for its strictly shade grown, high grown, certified organic, Arabica Green Coffee, which are expected to generate $2 million dollars in gross revenue for the company’s recently launched, Green Coffee distribution business.
CLR Roasters recently acquired its own plantation in Nicaragua, gaining access to 900-acres of a prime coffee growing region of Central America that is Rainforest Alliance Certified™ and Fair Trade Certified™. Additionally, it acquired an 18-acre green coffee processing plant in Matagalpa, Nicaragua. CLR Roasters is utilizing and leveraging these assets to launch its Green Coffee distribution business. These latest contracts are in place to begin generating revenue in October of this year.
“We are very enthusiastic about the significant success we have experienced with the revenue being generated from our newly launched Green Coffee sales division,” said Ernesto Aguila, President of CLR Roasters. “Our coffee sales are already exceeding our expectations and we anticipate maintaining the impressive revenue growth that we delivered

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Youngevity Announces Closing of Private Placement Offering

by Nicole Dunkley • September 16, 2014 • 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 that its wholly owned subsidiary, CLR Roasters, has completed its previously announced $4.35 million Secured Convertible Notes (the “Notes”) and Warrants (the “Warrants”) financing for a total aggregate principal amount of $4.75 million. TriPoint Global Equities, LLC acted as sole placement agent in the transaction.
The Company has begun investing the net proceeds of the Offering in its wholly owned subsidiary, CLR Roasters, LLC, to fund the purchase of K-Cup manufacturing capabilities, and intends to execute its option to acquire a second coffee plantation that will, when acquired, double the Company’s coffee bean growing area in Matagalpa, Nicaragua, to fund capital improvements on its Nicaragua coffee plantations and processing plant and for the purchase of green coffee to continue to accelerate the growth on its newly formed green coffee division.
“We are pleased to be partnering with TriPoint Global Equities and we intend to use the proceeds from this financing transaction to aid in accelerating CLR Roasters’ growth,” said Steve Wallach CEO of Youngevity. “In the event that any of the Notes are

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Youngevity International Invests $1.1 M To Improve Global Headquarters

by Nicole Dunkley • September 10, 2014 • 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 it has made an investment of $1.1 million to improve its company-owned 59,000 square foot corporate headquarters located in Chula Vista, California.
The improvements to the Youngevity headquarters include a complete reconfiguration of the distribution center layout, which doubles the amount of pallet storage locations and shipping lanes to maximize efficiency and productivity. The increased storage capacity in the distribution center was attributed to the purchase of two technologically advanced Raymond forklifts that optimize warehouse throughput. Also, the warehouse was updated with new energy-efficient lighting and insulation, additional circulation fans were installed to increase employee comfort, and the shipping and purchasing department offices were expanded.
Youngevity has improved the appearance of its headquarters with a new water-efficient landscape to receive outdoor water conservation rebates from the City of San Diego. The entrance lobby also was remodeled to be more inviting and enhanced with a new coffee/beverage bar.
In addition, the Youngevity customer service department and will-call center were expanded to accommodate double the amount of staff to handle higher customer traffic volumes

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Youngevity Reports Q2 Results Up 57% To $32.7 Million

by Nicole Dunkley • August 15, 2014 • 0 Comments

Net revenue increased 56.6% to $32.7 million compared to $20.9 million for the second quarter of 2013.
Gross profit increased 49.2% to $18.9 million compared to $12.7 million in the same period last year.
Operating Income was $1.2 million, an increase of 14.9% over the prior year period.
Adjusted EBITDA increased 17.5% to $2.0 million for the three months ended June 30, 2014 compared to $1.7 million in the same period for the prior year.

“Our quarterly results demonstrate the strength of our unique business model and we are very pleased to report record revenue,” stated Steve Wallach, Chairman and CEO of Youngevity International. “In the second quarter, we capitalized on strategic opportunities for our Company and we remain well positioned for long-term growth in the United States and globally.”
Dave Briskie, CFO of Youngevity International, said “We are very pleased to deliver record revenue and our eighth straight quarter of profitability. As in the first quarter, Q2 numbers carried a significant expense load related

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Youngevity Completes $4.35 Million Convertible Notes For Expanding Coffee Operations

by Nicole Dunkley • August 4, 2014 • 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, announced today that it entered into a Note Purchase Agreement (the “Purchase Agreement”) with accredited investors, pursuant to which the Company issued $4.35 million aggregate principal amount of Secured Convertible Notes (the “Notes”) and Warrants to purchase up to 11,185,714 shares of its common stock (the “Warrants”).
The Notes, which mature in July 2019, are convertible into shares of the Company’s common stock at $0.35 cents per share. The Notes are secured by certain assets of the Company’s wholly owned subsidiary, CLR Roasters, LLC, personally guaranteed by the Company’s Chairman and CEO, Stephan Wallach, and bear interest at a rate of 8% per year. The Warrants are exercisable for five years after the closing date of the Purchase Agreement. For each $100,000 of principal amount of Notes, the holder received a warrant to purchase up to 257,143 shares of the Company’s common stock at $0.23 cents per share.
“This capital raise is another milestone for our company and we believe the acquisition of the additional coffee plantation coupled with additional capital

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Youngevity Green Coffee Sales Division Showing Strong Sales Potential

by Nicole Dunkley • July 25, 2014 • 0 Comments

Chula Vista-based Youngevity International Inc.’s wholly owned subsidiary, CLR Roasters, has procured several contracts for its strictly high-grown washed Arabica coffee, totaling $3 million dollars for its recently launched green coffee distribution division, the parent company said.
“This new $3 million dollar green coffee contract comes on the heels of our previously announced $3.5 million green coffee contract upon the launch of this program,” said Ernesto Aguila, president of CLR Roasters. “The newly started green coffee sales division is showing strong sales potential, and it has been a great addition to CLR thus far.”
The coffee is grown in Nicaragua, where CLR Roasters recently acquired a green coffee processing plant in Matagalpa, according to Youngevity.
Since acquiring the coffee plantation and processing plant, the company has invested more than $700,000 in new equipment, plant upgrades and improvements on the plantation, giving it the capacity to process 30 million pounds of coffee per year, said Dave Briskie, Youngevity’s chief financial officer and president of commercial development.
“We are proud of the strategic investments we have made to grow our coffee division and excited about the revenue generation potential,” he said.
About Youngevity International
Youngevity International Inc. (OTCQX: YGYI) (www.YGYI.com) is a fast-growing, innovative, multi-dimensional company that offers

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