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Youngevity Acquires RicoLife

SAN DIEGO, CA — (Marketwired) — 03/27/17 — , Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, today announced it has completed its acquisition of RicoLife, a marketer of nutritionally charged teas, beneficial beverages and supplements. RicoLife products remain available on RicoLife.com and are scheduled to be integrated in the Youngevity web and e-commerce site effective April 1, becoming a brand within the Youngevity nutrition category. The Founders of RicoLife — Alberto Arellano, Ricardo Arellano, and Raul Luna — will join Youngevity as Associates.

The primary nutritional differentiator for RicoLife has been its use of camellia sinensis, commonly known as “purple tea.” Purple tea is a variety of green tea developed in Kenya and its perceived benefits have been the subject of an initial small-scale clinical study in Japan. RicoLife products include tea, coffee, cleanses, energy and slimming supplements — all containing some form of camellia sinensis.

“The acquisition of RicoLife harnesses nutritional breakthroughs that broaden and extend our core nutritional product offerings,” stated , CEO and Co-Founder of Youngevity. “The RicoLife brand and products complement our existing Youngevity nutritional lines with products that are particularly popular in the United States and Latin America.”

“RicoLife has attracted and retained a strong Millennial following in the United States, Mexico and Latin America — supported by the Founders, Distributors and growing customer base,” continues , President and CFO of Youngevity. “We expect that the high-energy RicoLife culture will help to fuel our millennial business strategy.”

“Integrating RicoLife with Youngevity provides a natural synergy,” explains Ricardo Arellano, Co-Founder of RicoLife. “RicoLife was one of the pioneers in bringing camellia sinensis to market, just as Youngevity has been a pioneer in the health and nutrition sector for decades. The expanded resources now available to our niche brand will allow us to continue to spread the benefits of camellia sinensis to a much wider audience.”

Youngevity was founded upon the pioneering principles of ; always looking forward to the betterment of society. Today Youngevity continues to meet this mission with groundbreaking products, innovative services and a fulfilling business opportunity individually defined through flexibility and personal lifestyle choices. And in this Pursuit of Betterment, the Company continues to build and grow its . 100% of the profits from , and other special products highlighted on the Foundation finance Foundation operations.

Youngevity International, Inc. (OTCQX: 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 . Be sure to like us on and follow us on .

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 includes statements regarding the Company–s expected integration of RicoLife.com in the Youngevity web and e-commerce site and the expected impact of the acquisition on the Youngevity millennial business strategy. 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, the Company–s ability to successfully integrate RicoLife into its business and operations, 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. 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.

Bobbie Wasserman for Youngevity

P: 866.570.4441

Short URL: https://www.88finance.com/?p=532534

Posted by on Mar 27 2017. Filed under Picture Gallery, Venture Capital. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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