Top Links You Must Click On
From the Wires
Youngevity Moves up to #76 in 2016 Global Direct Sales 100
Revenue Growth Continued in 2016 with Acquisition and Market Expansion Strategy
By: Marketwired .
Apr. 21, 2017 08:30 AM
SAN DIEGO, CA -- (Marketwired) -- 04/21/17 -- Youngevity International, Inc. (OTCQX: YGYI), a leading omni-direct lifestyle company, was named the 76th largest direct selling company in the world for 2016 by top industry trade publication Direct Selling News. The Direct Selling News Global 100 is an annual ranking that recognizes the most successful direct selling companies. Current estimates put the approximate number of direct selling companies worldwide at 10,000+. (1)
Youngevity's rank coincides with a record-setting revenue year for the company. The prior year in 2015, Youngevity ranked #78. Youngevity and other DSN Global 100 companies were announced Wednesday night in Dallas.
"We are honored to be ranked within the Direct Selling News Global 100," stated Steve Wallach, Co-Founder and CEO of Youngevity. "2016 was a year that positioned us for scalable growth as we were hard at work establishing infrastructure, investing in Information technology systems, strategically acquiring complementary brands, and expanding globally."
"The DSN Global 100 ranking recognizes what we believe to have been another solid year for Youngevity 2016," stated Dave Briskie, President and CFO of Youngevity. "In the span of 12 months, we achieved record revenues of $162.7 million and gross profit that moved 5.6 percent to $98.1 million. We anticipate this momentum to build during 2017."
Youngevity was founded based upon the pioneering principles of Dr. Joel Wallach; focusing on enhancing the lives of individuals and promoting their own "betterment." Today Youngevity seeks to continue to meet this mission with groundbreaking products, innovative services and a fulfilling business opportunity individually defined through flexibility and personal lifestyle choices. And in this Pursuit of Betterment, the Company continues to build and grow its Youngevity Be The Change Foundation. 100% of the profits from Youngevity Be the Change Coffee, and other special products highlighted on the Foundation website finance Foundation operations.
About Youngevity International, Inc.
Safe Harbor Statement
(1) Source: Business For Home, June 2016
Enterprise Open Source Magazine Latest Stories . . .
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week