SAN DIEGO–(BUSINESS WIRE)–Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a all-around absolute banker of comestible and affairs articles and additionally a vertically-integrated ambassador of gourmet coffees for the commercial, retail and absolute sales channels, appear today that its wholly endemic subsidiary, CLR Roasters, has active a bristles (5) year acceding accretion up to $10.4 actor dollars in acquirement with JBM Sales & Business (“JBM”), a arch specialty aliment sales and business company. JBM Sales and Business represents the ten NASFT (National Association of Specialty Aliment Trade) curve of Gourmet Foods.
The multi-year acceding grants CLR Roasters the absolute appropriate to roast, grind, and amalgamation coffee for the afterward six clandestine characterization brands: Robert Rothschild, Sarabeth, Brew La La, Emilies, Savory Coast, and Amoebic Bean for approved coffees, decaffeinated coffees, amoebic coffees, and a array of flavored coffees all in absolutely printed 12oz. retail bags. Aloft the cessation of the five-year term, the acceding provides for automated renewals for alternating agreement of bristles years.
“We are actual aflame to abide to aggrandize our abounding accord with JBM Sales & Marketing,” said Ernesto Aguila, President of CLR Roasters. “The aggregation at JBM, in application this abiding contract, has called to capitalize on CLR Roasters ‘Field to Cup’ capabilities. This arrangement strengthens the connected amplification of our clandestine characterization business and added exemplifies CLR Roasters’ adeptness and growing acceptability in carrying high-quality coffee articles and aberrant account to our customers.”
Dave Briskie, Youngevity’s Chief Financial Officer, said, “We are admiring that we accept becoming the aplomb from JBM Sales and Business such that they accept placed the sourcing, roasting, packaging, and affection ascendancy of such celebrated brands in our hands. This arrangement will activate absolutely impacting CLR’s business anon as we abide to body on a almanac year of advance and acquirement for CLR Roasters.”
JBM Sales & Business CEO, Jerry Mintz, said, “It’s an absolute pleasure alive with the CLR team. The CLR employees are absolutely the company’s greatest asset. It does not accomplish one bit of aberration whether the artefact is coffee, tea or cocoa. A aggregation is alone as acceptable as the bodies it keeps. JBM is appreciative to assignment with the CLR family. The success of the JBM and CLR activating will be solid preparation, adamantine work, and acquirements from one addition in adjustment for the two companies to abound and advance over the aing few years.”
About Youngevity International, Inc.
Youngevity International Inc., (OTCQX: YGYI) (www.YGYI.com) is a fast-growing, innovative, multi-dimensional aggregation that offers a advanced ambit of customer articles and services, primarily through person-to-person affairs relationships that comprise a “network of networks.” The Aggregation additionally is a vertically-integrated ambassador of the finest coffees for the commercial, retail and absolute sales channels. The Aggregation was formed afterwards the alliance of Youngevity Essential Life Sciences (www.youngevity.com) and Javalution Coffee Aggregation in the summer of 2011. Formerly accepted as AL International, Inc., the Aggregation afflicted its name to Youngevity International, Inc. in July 2013.
About CLR Roasters
CLR Roasters (www.clrroasters.com) was accustomed in 2001 and is a wholly-owned a accessory of Youngevity International. CLR Roasters produces coffees beneath its own Cafe LaRica brand, as able-bodied as beneath a array of clandestine labels through above civic sales outlets, hospitality, cruise lines, bloom and wellness facilities, appointment coffee account providers, and accessibility abundance distribution. It additionally produces a different band of coffees with bloom allowances beneath the JavaFit® brand.
Safe Harbor Statement
This absolution includes advanced statements on our accepted expectations and projections about approaching events. In some cases advanced statements can be articular by analogue such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “excited,” “believes,” “estimates,” and agnate expressions. The advanced statements independent in this columnist absolution accommodate statements apropos the accepted addition of JBM Sales & Marketing, the advised artefact sales and the Company’s advancing approaching growth. These statements are based aloft accepted beliefs, expectations and assumptions and are accountable to a cardinal of risks and uncertainties, abounding of which are difficult to predict, including our adeptness to access CLR Roasters artefact sales through the addition of JBM Sales & Marketing, our adeptness to abide our accepted advance and the added factors declared in our anniversary address on Form 10-K for the year concluded December 31, 2013 and our added filings with the SEC. The advice in this absolution is provided alone as of the date of this release, and we undertake no obligation to amend any advanced statements independent in this absolution based on new information, approaching events, or otherwise, except as appropriate by law. All trademarks and logos referenced herein accord to their corresponding companies.
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