PRNewswire 14-Jan-2019 8:30 AM
SAN DIEGO, Jan. 14, 2019 /PRNewswire/ -- Youngevity International, Inc. (NASDAQ:YGYI), a leading omni-direct lifestyle company, announced today that it will be adding Icelandic Glacial™–The Purest Tasting Water on Earth–to its growing, multifaceted lineup of lifestyle brands in the health, wellness, and food and beverage industries by agreeing to an exclusive sales and marketing agreement with the brand.
"I'm ecstatic to have a brand like Icelandic Glacial join the Youngevity team," said Steve Wallach, CEO of Youngevity International, Inc. "Icelandic Glacial offers a product unlike anything else on the market. Its rare, naturally occurring high pH level and unique lava rock filtering system certainly set it apart. But beyond that, Icelandic Glacial is the world's first Carbon Neutral bottled water company. It's perfectly positioned to serve not only customers who want a pure tasting water that makes them feel and perform their best, but also eco-friendly consumers who want to make sure their money goes to brands with a conscience."
"Simply put, there's a reason it's called The Purest Tasting Water on Earth, and we're happy to introduce that product to more customers," Wallach continued. "With the addition of Icelandic Glacial to our group of health, home, food and beverage, beauty, and apparel companies, no other company offers the array of brands that Youngevity does to help customers live their best lives every day."
"We anticipate that leveraging the capabilities of Icelandic Glacial and Youngevity should have an immediate impact on our collective businesses," said Dave Briskie, President and CFO of Youngevity, "however, I believe this value should increase exponentially as we expect our collaboration will lead to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world."
Per the three-year agreement reached between the two brands, Youngevity will use its sales and marketing experience to help Icelandic grow its brand presence in the Network Marketing channel both in the United States and internationally. Over 14 years, Icelandic Water Holdings hf. has built Icelandic Glacial™ as a brand with a reputation for purity and quality among health-conscious consumers. The company will introduce these customers to Youngevity's suite of high-quality health/nutrition products. Together the companies will work on developing new products with ideas ranging from special products for children and pets, to beverages based on CBD and other life-enhancing supplements.
"We saw Youngevity as the perfect partner for our brand," said Jon Olafsson, Chairman and Co-Founder of Icelandic Glacial. "With their stellar direct selling pedigree in the lifestyle industry, and their groundbreaking approach to growing their brands, we're extremely confident for what the future of this arrangement will hold."
About Icelandic Glacial™
Icelandic Glacial™ is the super-premium natural spring water, bottled at the source from Iceland's legendary Ölfus Spring, which was formed more than 5,000 years ago and is shielded from pollution by an impenetrable barrier of lava rock. The spring produces water so pure that nothing is added or taken away. As a result, Icelandic Glacial possesses exceptional balance featuring a naturally low mineral content and a naturally alkaline pH of 8.4. Icelandic Glacial is further distinguished as the world's first certified carbon neutral natural spring bottled water for product and operation. Icelandic Glacial uses 100% natural green energy to fuel its production delivering a premium bottled water to discerning consumers around the world while maintaining a "net zero" carbon footprint.
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.
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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 working with Icelandic Glacial as joint development partners to create new products across the lifestyle, health, and food and beverage industries, including the potential for a drinkable CBD product, leveraging the capabilities of Icelandic Glacial and Youngevity having an immediate impact on our collective businesses, and the value of the collaboration increasing exponentially and leading to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world. 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 working with Icelandic to create and introduce new products across the lifestyle, health, and food and beverage industries, including the potential for a drinkable CBD product, l our ability to leverage the capabilities of Icelandic Glacial and Youngevity to have an immediate impact on our collective businesses, our ability to make the value of the collaboration increase exponentially and lead to innovative products that leverage what is best about both companies and the loyalty of our collective distributors and customers around the world, 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, 2017 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.
Youngevity International, Inc.
President and Chief Financial Officer
1 800 982 3189 X6500
YGYI investor relations
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