SAN DIEGO, CA, U.S. – Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, has announced that its wholly-owned subsidiary, CLR Roasters, has procured contracts for 60 containers of its strictly high-grown, washed, Arabica coffee, and its Organic Coffees.
The commitments represent $3.4 million in revenue at current market prices. The 100 percent Arabica beans are shade grown. These strictly high grown coffees from Nicaragua and are expected to begin shipping in February 2016 from our CLR Roasters processing plant located in Matagalpa.
One half of the contract is scheduled to ship in Q1 2016, with the balance of the coffee expected to ship by the end of Q3 2016.
“This new $3.4 million dollar green coffee contract represents our first new contract for the 2016 growing season and we anticipate significant growth in 2016 for our green coffee distribution business,” said Ernesto Aguila, President of CLR Roasters.
Dave Briskie, Youngevity’s President and CFO said, “We have invested heavily in our coffee plantation and processing plant in Nicaragua. We could not be prouder of our employees in Nicaragua and all they have helped us achieve.
This is a banner year for us. This year represents the first full harvest year, where we can capitalize on these significant investments made throughout 2015. We anticipate our Nicaraguan operations will now begin providing a return on these earlier investments.”
