CLR Roasters, a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ:YGYI) and maker of Café La Rica Espresso, “The Official Cafecito of the Miami Marlins,” announced it has entered into a purchase contract to deliver approximately $10.5 million of green coffee for the 2018 selling season. The commitment is for Naturals coffee grown in Nicaragua.
Steve Wallach, Youngevity’s Chief Executive Officer, said, “This new $10.5 million Green Coffee commitment represents our second significant coffee contract entering the 2018 booking season. This commitment combined with the $7.5 million contract announced two weeks ago brings our green coffee bookings to over $18 million going into 2018. Obviously we are optimistic on our prospects for growth of our coffee segment next year.”
Ernesto Aguila, President of CLR Roasters, said, “We continue to see strong growth within our green coffee distribution business. This commitment from another one of our green coffee distribution partners represents a 100% increase in volume over 2017. We anticipate adding additional revenue for our green coffee business as we complete the 2018 booking season.”
About CLR Roasters
CLR Roasters (www.clrroasters.com) was established in 2001 and is a wholly-owned subsidiary of Youngevity International. CLR Roasters produces coffees under its own boutique brands as well as manufactures a variety of private labels through various tiers of distribution. Industries served include grocery, retail, wholesalers, hospitality, cruise lines, wellness facilities, office coffee service, and convenience store distribution. It also produces a unique line of coffees with health benefits under the JavaFit® brand.
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.
Source: Youngevity International, Inc.
2017 GlobeNewswire, Inc.