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Youngevity completes restatement of quarterly financial statements for 2019

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SAN DIEGO, US – Youngevity International, Inc. (OTCMKTS: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a direct marketing enterprise, and a commercial hemp enterprise, today reported the completion of the restatement of its previously issued quarterly financial statements for the year ended December 31, 2019.

Steve Wallach, Chairman and CEO of Youngevity International stated, “We are pleased to have our quarterly 2019 restatements complete so we may move forward in an expeditious manner to the completion of our 2020 financial statements. The completion of our 2020 Annual Report on Form 10-K and getting in cadence with our financial reporting remains a top priority.”

Bill Thompson, CFO of Youngevity International stated, “The completion of the quarterly restatements for 2019 is an important and necessary step toward bringing our financial reporting current. We have begun work on the audit for fiscal 2020 and anticipate the completion of our 2020 10-K during the fourth quarter of this year and at that point we will focus on the Quarterly Reports on Form 10-Qs for 2021.”

About Youngevity International, Inc.

Youngevity International, Inc. (OTCMKTS: YGYI ), is a multi-channel lifestyle company operating in 3 distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise.

The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity, YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services.


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