SAN DIEGO, CA--(Marketwired - Jun 13, 2017) - Youngevity International, Inc. (
Youngevity launched its Services Division last year through an acquisition of David Allen Capital which represents a variety of lenders that provide capital to small businesses. Since being acquired by Youngevity in April of 2016 David Allen Capital has arranged $8 million of loans to small businesses throughout the United States. On the success of David Allen Capital the services division quickly expanded into Telemedicine via the launch of Youngevity Telecare and shortly added Youngevity Cart Ripple which is an app based shopping assistant that allows its users to earn cash back while finding the most economical prices on line.
"Our goal is to provide a full lineup of business and residential services that will either introduce simplicity and convenience to our customers or a savings on services they are already using", said David Rutz, Vice President of Global Services. "We expect to release the newly announced services later this year and have several additional services in the due diligence process. We expect to continue to expand our product offering as we leverage the growth taking place within Youngevity's customer and distributor base."
Dave Briskie, President and CFO, of Youngevity, stated, "We are enthusiastic about our Services Division and the potential it provides for revenue growth without the dependence of inventory management. Our Services further accentuate the unique nature of our Omni-Direct business model and we believe this new suite of products are a great addition to this exciting category."
About Youngevity International, Inc.
Youngevity International, Inc. (
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 expected to release of the newly announced services later this year, the expected continued expansion of the product offering and the potential the new services provide for revenue growth without the dependence of inventory management. 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 continuing contribution of the services to our company, 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.