Youngevity International, Inc. (YGYI) Strategic Growth Initiative to Explore Up Listing and Investment Banking Opportunities
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 05/25/16 -- (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 up activities of our distributors, we believe we are well positioned for the future. In addition, our coffee business continues to expand as we explore additional U.S. based retail opportunities."
Steve Wallach, CEO of Youngevity, said, "This is an exciting time for management and all our shareholders. As our plan evolves we will update our shareholders on the progress we are making to up list on the NYSE or NASDAQ."
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Youngevity International Inc., (OTCQX: YGYI) ( ) is a fast-growing, innovative, multi-dimensional company that offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a "network of networks." The Company also is a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels. The Company was formed after the merger of Youngevity Essential Life Sciences () and Javalution Coffee Company in the summer of 2011, and changed its name to Youngevity International Inc. from AL International, Inc. in July 2013. For more information, visit or find us on Facebook or follow us on Twitter (at)youngevity
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions, and include statements regarding being well-positioned for the future, our continued expansion of our coffee business and [our potential uplisting]. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to continue our financial performance, open new markets and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2015 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Copies of these filings are available at . The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors:
Chuck Harbey
Managing Director, Corporate Advisory
Phone + 1 646 863 7997
Media:
Sean Leous
Managing Director, Public Relations
Phone + 1 646-863-8998
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Datum: 25.05.2016 - 12:30 Uhr
Sprache: Deutsch
News-ID 473506
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SAN DIEGO, CA
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Venture Capital
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