Youngevity International (YGYI) Announces Opening of Singapore Office
SAN DIEGO, CA--(Marketwired - Sep 10, 2015) - Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today the planned opening of its office in the Republic of Singapore.
Youngevity International (Singapore) PTE LTD, a wholly owned subsidiary of Youngevity, was formed on March 10, 2015. The company finalized lease negotiations for its Asia-based headquarters on August 17, 2015. The Singapore office is strategically located in the heart of the bustling Orchard Shopping District which is located at the southernmost tip of the Asian continent and at the crossroads of the world's global trading centers.
Singapore's strategic location has transformed it into one of the world's busiest ports and airports boasting a strong Asia Pacific logistics and supply chain manufacturing network supported by 20 of the world's top 25 Third Party Logistic players.
Steve Wallach, Youngevity's CEO, stated, "We are proud to announce the opening of our office in the heart of Asia. We chose Singapore because of its advanced, successful free-market economy, featuring an open and corruption-free environment. Internet access is readily available in Singapore, with a connectivity rate of over 99%. Singapore will be our launch pad into the consumer driven emerging markets of Southeast Asia, China and India."
The build out and customization of the new office began two weeks ago with completion anticipated in early October. A core grouping in excess of 20 products have already been approved for the Singapore marketplace with first products shipments anticipated to leave for Singapore this month. Youngevity International (Singapore) PTE LTD projected soft launch November 1, 2015 with an official opening slated for the first quarter of 2016.
Ben Ho, Vice President of Asia, a Singapore resident, stated, "This is a very exciting time for Youngevity. We are about to strategically open in Singapore which is the gateway to the rest of Asia. We are committed to enhancing the lives of people with the benefits of the products that Dr. Joel Wallach and Youngevity have developed over many years. We look forward to sharing Youngevity's extensive product offering in Singapore and ultimately, throughout the diverse and multicultural residents of Asia."