ORLANDO, Fla., May 4, 2020 /PRNewswire/
-- Khrysos Industries, Inc. a wholly owned subsidiary of
Youngevity International, Inc. (NASDAQ: YGYI), a multi-channel
lifestyle company operating in three distinct business segments
including a commercial coffee enterprise and its commercial hemp
enterprise announced today the launch of a web interface dedicated
for the sale of the company's new line of hand sanitizers. The
landing page targets both businesses and consumers and can be
accessed here: www.khrysos-handsanitizer.com for immediate
purchase. The hand sanitizers have been approved by the FDA
and are being produced in Khrysos' Nutraceutical grade
facility located in Orlando,
Florida.
"We began shipping hand sanitizer on April 7 and we are pleased to be a part of the
solution for a product that remains in short supply," said
Dave Briskie, President and CFO of
YGYI, about its wholly owned subsidiary Khrysos Industries. He
continued, "This web interface should provide seamless access to
our customers for information and the purchase of much needed hand
sanitizer."
About Khrysos Industries, Inc.
Khrysos Industries is a leading manufacturer of commercial
hemp-based CBD extraction, post processing equipment, and
end-to-end processor of CBD isolate, distillate, water soluble
Isolate, and water-soluble distillate. Its subsidiary, INX
Laboratories provides a broad range of testing services including
potency analysis for its supply partners of hemp derived CBD
products. Khrysos provides hemp growers, feedstock suppliers, and
CBD crude oil producers the use of equipment, intellectual capital,
production consultancy, tolling services, and wholesale CBD channel
sales capabilities. Be sure to visit us at khrysosglobal.com, like
us on Facebook and follow us on Twitter, or contact us at
info@khrysosglobal.com.
About Youngevity International, Inc.
YGYI, 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 YGYI offers products from the eight top-selling
retail categories: health/nutrition, home/family, food/beverage
(including coffee), spa/beauty, fashion, essential oils, photo, 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.
To receive future press releases via email, please visit:
https://ygyi.com/investors/email-alerts/
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 providing seamless access to our customers for
information and the purchase of much needed hand sanitizer.
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, our
ability to produce hand sanitizer to meet customer demand, our
ability to continue our international growth, our ability to
continue our hemp segment and coffee segment growth, our ability to
leverage our platform and global infrastructure to drive organic
growth, our ability to improve our profitability, expand our
liquidity, and strengthen our balance sheet, our ability to
continue to maintain compliance with the NASDAQ requirements, the
acceptance of the omni-direct approach by our customers, our
ability to expand our distribution, our ability to add additional
products (whether developed internally or through acquisitions),
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, 2018 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.
Contacts:
Youngevity International, Inc.
Dave Briskie
President and Chief Financial Officer
800-982-3189 X6500
Investor Relations
YGYI Investor Relations
investors@ygyi.com
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SOURCE Youngevity International, Inc.