NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Inks LOI with BeneYOU, LLC

Leading multi-channel lifestyle company Youngevity International (NASDAQ: YGYI) and BeneYOU LLC, a nutritional and beauty products company, this morning announced the execution of a non-binding Letter of Intent (“LOI’) detailing YGYI’s purchase of certain assets of BeneYOU. The companies intend to complete a definitive asset purchase agreement within the next few weeks, and plan to close the transaction by the end of the month. “Given the size of the integration and the amount of communication that will take place between both companies we felt that disclosing where we are in the acquisition process was prudent. Assuming a successful close, we will share additional information regarding the transaction at that time,” Youngevity president and CFO Dave Briskie stated in the news release.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer