SAN DIEGO – Youngevity International (www.YGYI.com), Inc. announced on Wednesday 21 that its wholly owned subsidiary, CLR Roasters, has procured several contracts for two types of coffees, totaling $3.5 million dollars in revenue for its newly launched green coffee distribution division.
The coffee is expected to begin shipping immediately from CLR Roasters recently acquired green coffee processing plant located in Nicaragua and continue through mid-July 2014 in 75 container loads of green coffee.
“This is a very nice way to the launch CLR Roasters green coffee sales and distribution division,” said Ernesto Aguila, President of CLR Roasters. “We are off to a fast start, in terms of revenue generation for this new venture and we anticipate our green coffee division to be a significant revenue driver as we expand our relationships in the growing green coffee market.”
Dave Briskie, Youngevity’s CFO and President of Commercial Development said, “Our recent strategic investments in the country of Nicaragua have positioned us as a significant and capable provider in this space. Our partnership with Alain Hernandez, Marisol Siles and the Siles Family Planation Group is beginning on very firm footing.
We are proud of the strength of our coffee resources and relationships in Nicaragua and we are expecting a record year for our vertically-integrated coffee operation.”