Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) today announced that CLR Roasters, its wholly-owned subsidiary, has executed agreements with its Nicaraguan based partners, H and H Export and Marisol Siles, under which the company anticipates expanding capabilities in Nicaragua through construction of one of Central America’s largest processing mills. In addition to planned construction of new processing facilities, CLR Roasters will acquire the coffee brand Café Cachita and also, under the agreement, increase its participation with its Nicaraguan based partners from 50 percent to 75 percent of profits in the green coffee distribution business. “We are very pleased to expand our partnership with Alain Hernandez of H and H Export company and Marisol Siles of Siles Family Plantation Group. We cannot think of better people to be in business with in Nicaragua,” Youngevity President and CFO Dave Briskie said in the news release. “In addition to the new facility we will be retaining our current processing facility, known as La Pita, to produce our certified coffees. Having the ability to keep our organic, rainforest alliance and other certified coffees separate from conventional coffees should provide us with a strong strategic advantage in the market and increased capacity to support growth in the coming years.”
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About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com
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