Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) recently announced that its wholly owned subsidiary, CLR Roasters, has entered into a five-year contract for the sale and processing of over 41 million pounds of green coffee on an annual basis. Referencing current coffee prices and futures, the company estimates that this contract will generate revenues in excess of $50 million per annum throughout the five-year term. “We have invested millions of dollars in our coffee operations with our sights on creating value for our business,” Steve Wallach, CEO of Youngevity, stated in the news release. “A contract of this size is the accomplishment and hard work of many and should provide significant employment opportunities for many more.” Per the update, the company intends to hire roughly 1,000 workers to begin processing this order, with initial hiring commencing at the end of August and full capacity expected to be achieved by the end of 2018.
To view the full press release, visit http://nnw.fm/z1cOP
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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