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8-K - CURRENT REPORT - Youngevity International, Inc. | ygyi8k_feb132018.htm |
Exhibit 99.1
Youngevity
Announces Registration Statement on Form S-1 Has Been Declared
Effective
SAN
DIEGO, Calif., Feb. 14, 2018 --
Youngevity International, Inc.
(NASDAQ: YGYI
), a leading omni-direct lifestyle company, today announced that
the Securities and Exchange Commission has declared effective the
Company's registration statement on Form S-1, as amended (File No.
333-221847), relating to the proposed offer and sale of up to
$10,000,000 of its Series B Convertible Preferred Stock at a price
of $9.50 per share. Each outstanding share of Series B
Convertible Preferred Stock is convertible at any time, in whole or
in part, at the option of the holders at an initial conversion
price of $4.75 per share initially into two shares of
Youngevity’s Common Stock, which Common Stock trades
on the NASDAQ Capital Market under the symbol “YGYI.”
TriPoint
Global Equities, LLC, who along with its division BANQ, will act as
the lead managing selling agent and book runner with respect to the
sale of the Series B Convertible Preferred Stock. You may subscribe
to the offering by visiting www.banq.co/listings/ygyi.
The
registration statement may be accessed through the SEC's website
at www.sec.gov. A copy of
the prospectus relating to the offering may also be accessed
through the SEC's website at www.sec.gov or may be obtained from the
Company by sending a request to: Youngevity International, Inc.,
2400 Boswell Road, Chula Vista, California or calling (619)
934-3980.
This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of
these securities, in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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.
Safe Harbor
Statement
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 proposed public
offering. 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, market conditions, the success of the
offering, our ability to continue our international growth, our
ability to continue to maintain compliance with the NASDAQ
requirements, the acceptance of the omni-direct approach by our
customers, our ability to expand our distribution, our ability to
add additional products (whether developed internally or through
acquisitions), our ability to continue our financial performance,
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 on account of
new information, future events, or otherwise, except as required by
law.