Youngevity International, Inc Granted Motion for Summary Judgement Against Former President Dwayne Dundore

Florida Court Issues Order Awarding Youngevity Damages of $20,915,507

 

SAN DIEGO, CA —September 21, 2022 – Youngevity International, Inc. (OTCMRKTS: YGYI) (“Youngevity”) and its subsidiary Khrysos Industries, Inc today announced that the Circuit Court of the Ninth Judicial Circuit in and for Orange County, Florida, has issued an order against former Khrysos President Dwayne Dundore granting Youngevity’s Motion for Summary Judgement on Counts III (Fraudulent Inducement) and IV (Breach Of Employment Agreement), awarding Youngevity $20,915,507 in damages.

A complete copy of the Order may be viewed by clicking here> in Case No.:2021-CA-002217-0 BUSINESS COURT.

No assurance is given that Youngevity will be able to collect on this award.

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Youngevity International, Inc. Provides Update on Financial Reporting and Files Forms 10-Q for Quarters Ended March 31, June 30, and September 30, 2020

SAN DIEGO, Calif. —June 22, 2022 – Youngevity International, Inc. (OTCM: YGYI), (“YGYI” or the “Company”), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a direct marketing enterprise, and a nutraceutical manufacturing enterprise, today reported  financial results for the quarters ended March 31, June 30, and September 30, 2020.

Steve Wallach, Chairman and CEO of Youngevity International stated, “We are making progress toward reaching fully reporting status with the filing of our 10-Qs for the first 3 quarters of 2020.  Becoming fully reporting remains a top priority for the business.”

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Youngevity International, Inc. Announces Declaration of Monthly Dividend for May 2022 for Series “D” Cumulative Redeemable Perpetual Preferred Stock

SAN DIEGO, CA —May 20, 2022 – Youngevity International, Inc. (OTCMYGYI), (“YGYI” or the “Company”), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for May 2022.  The dividend will be payable on June 15, 2022, to holders of record as of May 31, 2022. The dividend will be paid in cash.

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Youngevity International, Inc. Announces Declaration of Monthly Dividend for April 2022 for Series “D” Cumulative Redeemable Perpetual Preferred Stock

SAN DIEGO, CA —April 19, 2022 – Youngevity International, Inc. (OTCM: YGYI), (“YGYI” or the “Company”), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for April 2022.  The dividend will be payable on May 16, 2022, to holders of record as of April 29, 2022. The dividend will be paid in cash.

 

About Youngevity International, Inc.

 

Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a direct marketing enterprise.  The Company features a multi country selling network and has assembled a virtual main street of products and services under one corporate entity. The Company 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. For investor information, please visit YGYI.com. Be sure to like Youngevity on Facebook and follow us on Twitter.

 

Contacts:

Youngevity International, Inc.
Dave Briskie
President and Chief Investment Officer
1 800 982 3189 X6500

Investor Relations

YGYI Investor Relations

[email protected]

 

 

Youngevity International, Inc. Announces Declaration of Monthly Dividend for the 1st Quarter 2022 for Series “D” Cumulative Redeemable Perpetual Preferred Stock

SAN DIEGO, CA —January 14, 2022 – Youngevity International, Inc. (OTCM: YGYI), (“YGYI” or the “Company”), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for each of January, February and March 2022.  The dividend will be payable on February 15, 2022, March 15, 2022, and April 15, 2022, to holders of record as of January 31, 2022, February 28, 2022, and March 31, 2022. The dividend will be paid in cash.

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Youngevity International, Inc. Announces Declaration of Monthly Dividend for the 4th Quarter 2021 for Series “D” Cumulative Redeemable Perpetual Preferred Stock

SAN DIEGO, CA – October 13, 2021 – Youngevity International, Inc. (OTCMKTS: : YGYI), (“YGYI” or the “Company”), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for each of October, November and December 2021. The dividend will be payable on November 15, 2021, December 15, 2021, and January 17, 2022 to holders of record as of October 31, 2021, November 30, 2021, and December 31, 2021. The dividend will be paid in cash.

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Youngevity International, Inc. Completes Restatement of its Previously Issued Quarterly Financial Statements for 2019. Audit Work Has Begun on 2020 Financial Results

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.

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Youngevity International, Inc. Announces Declaration of Monthly Dividend for 3rd Quarter 2021 for Series “D” Cumulative Redeemable Perpetual Preferred Stock

SAN DIEGO, CA —July 15, 2021 – Youngevity International, Inc. (OTCM: YGYI), (“YGYI” or the “Company”), today announced the declaration of its regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (OTCM:YGYIP) for each of July, August and September 2021.  The dividend will be payable on August 16, 2021, September 15, 2021, and October 15, 2021 to holders of record as of July 31, 2021, August 31, 2021, and September 30, 2021. The dividend will be paid in cash.

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Youngevity International, Inc. Provides Update on Financial Reporting and Files Form 10-K for the Year Ended December 31, 2019

INCOME STATEMENT HIGHLIGHTS:

  • Revenue for 2019 was $147.4 million compared to $162.4 million for 2018, a decrease of 9.2%.
  • Gross profit decreased approximately $1.1 million for 2019 compared to 2018, a decrease of 1.1%.
  • Adjusted EBITDA was a loss of approximately $15.4 million for 2019 compared to a $7.0 million gain for 2018.

BALANCE SHEET HIGHLIGHTS:

  • Cash and cash equivalents were $4.5 million on December 31, 2019 verses $2.9 million on December 31, 2018.
  • Total assets were $89.7 million on December 31, 2019 verses $76.0 million on December 31, 2018.
  • Total liabilities were $59.5 million at December 31, 2019 verses $53.0 million at December 31, 2018.
  • Total stockholders’ equity was $30.2 million at December 31, 2019 verses $23.0 million at December 31, 2018.

SAN DIEGO, Calif. —June 25, 2021 – 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  financial results for the full year ended December 31, 2019.

Steve Wallach, Chairman and CEO of Youngevity International stated, “We are pleased to finally have the filing of our 2019 financial results behind us.  As advised in communications to shareholders, becoming current on our filings is a top priority.  The 2019 audit, due to revenue recognition issues within our coffee segment, has been a difficult challenge for our business.  We are pleased that our current auditors, MaloneBailey, were able to complete the audit of our 2019 financial statements included in our 2019 Form 10-K.  We believe that the filing of our 2019 results will provide an easier path for our auditors and our accountants toward the completion of our 2020 Form 10-K and getting in cadence with our financial reporting.”

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