MIAMI, FL, Dec. 11, 2017 (GLOBE NEWSWIRE) -- CLR Roasters, a wholly owned subsidiary of Youngevity International, Inc. (NASDAQ: YGYI) and the maker of Café La Rica Espresso, "The Official Cafecito of the Miami Marlins," today announced that it is expanding its Single Serve Production Capacity through the addition of a Robotic System that will assemble the boxes and efficiently and automatically pack out its single serve cups. The system also automatically seals the boxes at the end of the process. CLR Roasters single serve products are compatible with all Keurig K cup* Brewers. (*Kcup is a registered trademark of Keurig).
“This Robotic System has been custom designed to efficiently and seamlessly work with our single serve manufacturing equipment. This system is expected to greatly increase our output while providing a significant cost savings within our production capabilities,” said Ernesto Aguila, President of CLR Roasters.
Dave Briskie, President and CFO of Youngevity, stated, “We are seeing significant growth in our single serve category which includes our Youngevity Y Cup brand, our Josie’s Java House Brand, and within our private label accounts. This new robotic automation system should allow us to expand our production capacity, grow our revenues, and improve our margins in this product category as we move into 2018.”
About CLR Roasters
Youngevity's coffee manufacturing division, CLR Roasters, was established in 2001 and is a wholly-owned subsidiary. CLR Roasters is a full-sized coffee roaster that produces gourmet coffees under its own boutique brands -- Café La Rica®, Josie's Java House®, and Javalution®; manufactures a variety of private labels for major national chains; and for the direct selling channel under Youngevity International. The company remains one of the largest suppliers in North America to the cruise line industry. CLR was the first entrant into the fortified coffee niche with its Youngevity JavaFit® brand. In May 2014, CLR acquired a coffee plantation and processing facility in Nicaragua, allowing the entity to control coffee production and quality -- from field to cup.
About Youngevity International, Inc.
Youngevity International, 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, Youngevity 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. 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.
Safe Harbor Statement
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 on our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," "encouraged" and similar expressions. The forward-looking statements contained in this press release include statements regarding the system being expected to greatly increase our output while providing a significant cost savings within our production capabilities potential for growth of our green coffee distribution business in 2018 and the system allowing us to expand our production capacity, grow our revenues, and improve our margins in this product category as we move into 2018. 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 that could cause actual results to differ materially from current expectations include, among others, the ability of the system to increase output, save costs and increase revenue, and the other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2016 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 based on new information, future events, or otherwise, except as required by law.