Tue March 6, 2018 8:30 AM|GlobeNewswire|About: YGYI
SAN DIEGO, CA , March 06, 2018 (GLOBE NEWSWIRE) --
Youngevity International, Inc. (YGYI) (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of ViaViente, distributors of The ViaViente Miracle, a highly-concentrated, energizing whole fruit puree blend that is rich in Anti-Oxidants and naturally-occurring vitamins and minerals.
ViaViente, was introduced to the public in 2003 following years of research that included studies of mineral rich waters whose source is found in the Andes Mountains and flow thru Vilcabamba, Ecuador, a region known for its high concentration of centenarians. In 2007 ViaViente became the first product in the market to receive the coveted Brunswick Labs ORAC Seal of Certification for its Anti-Oxidant content.
“ViaViente is a welcome addition to Youngevity’s family of products and embodies our philosophy that nutrition can change the way a person ages.” Stated Dave Briskie, President and CFO of Youngevity International, Inc. “Over the last two quarters, as our international footprint has begun to take hold, we sought to acquire companies whose distribution would be accretive to the integration of this international expansion. Similar to our recent acquisition of Nature Direct in Australia, ViaViente certainly checked these and other boxes, since more than seventy-five per cent of their recent distribution is to Japan We feel very fortunate to be able to incorporate ViaViente’s products into Youngevity at this time and believe this acquisition to be an important strategic piece of our overall plan of expanding Youngevity’s distribution internationally.”
Viaviente issued the following statement:
“For over 20 years, our management team has known the Youngevity founders and executives, Dr. Joel, Steve and Michelle Wallach, and have seen Youngevity grow as a company over those years. We believe Youngevity has the talent base and operational knowhow, combined with technology to lead our distributors to higher levels across more countries. The ViaViente management team looks forward to a very bright future as a result of becoming part of Youngevity International.”
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 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 in the course of 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 investor information, please visit YGYI.com. Be sure to like us on Facebook and follow us on Twitter.
Safe Harbor Statement
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," "encouraged" and similar expressions. The forward-looking statements contained in this press release include statements regarding the belief that the ViaViente acquisition is an important strategic piece of the overall plan of expanding Youngevity’s distribution internationally, the belief that the Youngevity talent base and operational knowhow, combined with technology will lead ViaViente distributors to higher levels across more countries, and the expectation of a bright future for ViaViente distributors as a result of becoming part of Youngevity. 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 that could cause actual results to differ materially from current expectations include, among others, the ability to successfully expand Youngevity’s distribution internationally and the ability of distributors to benefit from Youngevity’s talent base, operational knowhow and technology and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2016 and our subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. 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 based on new information, future events, or otherwise, except as required by law.
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