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8-K - CURRENT REPORT - Youngevity International, Inc. | ygyi8k_june262018.htm |
Exhibit
99.1
YOUNGEVITY ANNOUNCES PREFERRED STOCK DIVIDEND
SAN
DIEGO, June 26, 2018
/PRNewswire/ -- Youngevity
International, Inc. (NASDAQ:
YGYI), a leading
omni-direct lifestyle company, announced today that in accordance
with the terms of Youngevity’s Series B Convertible Preferred
Stock (“Series B Preferred Stock”), the board of
directors declared an annual dividend of $0.48 per share on the
company’s Series B Preferred Stock, payable quarterly. The
Series B Preferred Stock cash dividend is intended to be paid on
July 2, 2018 in a quarterly payment of $0.12 to holders of record
of the Series B Preferred Stock as of the close of business on June
27, 2018, on October 2, 2018 in a quarterly payment of $0.12 to
holders of record as of the close of business on September 26,
2018, on January 2, 2019 in a quarterly payment of $0.12 to holders
of record as of the close of business on December 26, 2018, and on
April 2, 2019 in a quarterly payment of $0.12 to holders of record
as of the close of business on March 27, 2019. If the aggregate
amount of dividends payable to a holder is less than $10.00, the
Company may, at its option, not make a payment until the aggregate
number of dividends payable is not less than
$10.00.
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 intended
payment dates of the cash dividend declared on the Series B
Preferred Stock. 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 ability to pay the cash dividend on the
dates indicated and the other factors discussed in our Annual
Report on Form 10-K for the year ended December 31, 2017 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.
Contacts
Investor Relations
Omnicor
Media LLC
Scott
McGowan
800.504.8650
contact@omnicormedia.com
Media Relations
Trendlogic
PR
Taylor
Wallace
800.992.6299
contact@trendlogicpr.com