San Diego, CA – Youngevity International, Inc. announced yesterday that its wholly owned subsidiary, CLR Roasters, has procured several contracts for its strictly high-grown washed Arabica coffee, totaling $3 million dollars for its recently launched green coffee distribution division.
The 100 percent Arabica beans are shade grown and strictly high-grown coffees from Nicaragua and are expected to begin shipping in August 2014 from CLR Roasters recently acquired green coffee processing plant located in Matagalpa, Nicaragua and continue through October 2014 in 50 container loads of green coffee.
“This new $3 million dollar green coffee contract comes on the heels of our previously announced $3.5 million green coffee contract upon the launch of this program. The newly started green coffee sales division is showing strong sales potential and it has been a great addition to CLR thus far,” said Ernesto Aguila, President of CLR Roasters.
Dave Briskie, Youngevity’s CFO and President of Commercial Development said, “Since the acquisition of the coffee plantation and processing plant in Nicaragua we have invested over $700,000 in new equipment, plant upgrades and improvements on the plantation. We now can process 30 million pounds of green coffee at our processing plant on an annual basis. We are proud of the strategic investments we have made to grow our coffee division and excited about the revenue generation potential for our green coffee sales division.”
