Youngevity Completes Acquisition of Future Global Vision
Future Global Vision was formed in March 2013 by Raul Serrano and his team to help people achieve health and personal growth. They have a strong presence in Mexico and are expected to be helpful in future expansion into Latin America. Along with a hydrogen based nutraceutical product, Future Global Vision brings with them a new product vertical to Youngevity with their fuel additive product line. Their EF products improve fuel efficiency and power in engines for personal vehicles, large trucks, and boats.
Steve Wallach, Chairman and CEO of Youngevity stated, "We are very pleased to have completed the acquisition of Future Global Vision. This new member of the Youngevity family of brands brings attributes intended to complement the Youngevity opportunity. With distributors in several Spanish speaking countries and a market appropriate line of fuel additives, this integration should strengthen our position in Latin America. "
"With the closing of this transaction," said Dave Briskie, President and CFO of Youngevity International, "Youngevity continues our targeted expansion efforts focused on fortifying our position in various, already opened or planned to open, international markets. The Future Global leaders are eager to seek to expand their reach by leveraging our platform, which features a wide range of products and new markets in which they can now capitalize."
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