SAN DIEGO, May 19, 2020 /PRNewswire/ -- Youngevity® International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp enterprise, announced today its application for registration for trademark on its Hemp FX® brand has been approved by the United States Patent and Trademark Office.
The company plans to begin an immediate expansion of Hemp FX's line of hemp derived products leveraging the production and manufacturing capabilities of its wholly owned subsidiary Khrysos Industries. Hemp FX products are available on a company owned website devoted specifically to hemp derived products. To view the site click here Hemp FX.
"We have always found considerable value in our intellectual property across our platform and we are pleased to have a strong registered mark now available within the Hemp category. With this trademark registration we intend to move forward with a line expansion of our Hemp FX brand and expect to announce new products in the category to go along with our Tinctures, Gel Caps, Creams, Pet Products, and Hemp Coffee," said Steve Wallach, Youngevity CEO.
Dave Briskie, Youngevity President and CFO stated, "We believe the strong collaboration among our subsidiaries provides a number of competitive advantages. We look forward to the continued expansion of our company owned brands to leverage these advantages."
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI and YGYIP), is a multi-channel lifestyle company operating in three 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.
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. 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 and include statements regarding plans to begin an immediate expansion of Hemp FX's line of hemp derived products, announcing new products in the hemp category, strong collaboration among our subsidiaries providing a number of competitive advantages and continued expansion of our company owned brands. Important factors that could cause actual results to differ materially from current expectations include, among others, our ability to expand of Hemp FX's line of hemp derived products as planned, our ability to announce new products in the hemp category to go along with our Tinctures, Gel Caps, Creams, Pet Products, and Hemp Coffee, our ability to leverage the production and manufacturing capabilities of Khrysos Industries for competitive advantage, our ability to continue the expansion of our company owned brands, our ability to drive revenue and further growth, our ability to return to profitability, expand our liquidity, and strengthen our balance sheet, our ability to continue to maintain compliance with the NASDAQ requirements, our ability to expand our distribution, our ability to add additional products (whether developed internally or through acquisitions), and the other factors discussed in the preliminary prospectus supplement and accompanying base prospectus and 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.
Youngevity International, Inc.
President and Chief Financial Officer
1 800 982 3189 X6500
YGYI Investor Relations
SOURCE Youngevity International, Inc.