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EX-99.1 - PRESS RELEASE - Youngevity International, Inc. | ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): July 31,
2018
YOUNGEVITY INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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000-54900
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90-0890517
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(State
or other jurisdiction of incorporation)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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2400
Boswell Road, Chula Vista, CA 91914
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (619) 934-3980
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company
as defined in in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging growth
company ☑
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If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
☐
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Item 8.01 – Other Events.
On July
31, 2018, Youngevity International, Inc., a Delaware corporation
(the “Registrant”) issued a press release announcing
that its wholly owned subsidiary, CLR Roasters, had entered into a
5-year contract for the sale and processing of over 41 million
pounds of green coffee on an annual basis. The contract is
predominantly for strictly high grown washed Nicaraguan
conventional coffees, however, the contract provides that a
significant portion may come from various certified coffees
including, Organic, Direct Trade, Rain Forest Alliance, UTZ, Bird
Friendly, and Siles Family Plantation Group’s (another
Registrant wholly owned subsidiary) recently obtained Starbucks
C.A.F.E. Practices certification. Revenue for this contract covers
the period 2019 through 2023 with first shipments expected to begin
in January of 2019. Based on current coffee prices and coffee
futures it is estimated that this contract will generate revenues
in excess of $50 million dollars per year for each year of the 5
year contract.
A copy
of the press release is attached as Exhibit 99.1 to this Report on
Form 8-K. The information contained in the press release is being
furnished to the Securities and Exchange Commission (the
“Commission”) and shall not be deemed incorporated by
reference into any of the Registrant’s registration
statements or other filings with the Commission.
Item 9.01
– Financial Statements and
Exhibits.
(d)
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Exhibits.
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Exhibit 99.1 Press Release issued by Youngevity International,
Inc., dated July 31, 2018
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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YOUNGEVITY
INTERNATIONAL, INC.
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Date:
July 31, 2018
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By:
/s/ David
Briskie
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Name:
David Briskie
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Title:
President and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
No .
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Exhibits.
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Press
Release issued by Youngevity International, Inc. dated July 31,
2018
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