Youngevity International Inc (NASDAQ: YGYI) is having a relatively strong day in the market today, and for good reason. The company announced the launch of a new product early this morning through a press release. Of course, this led to excitement among investors, who sent the stock upward, prompting our partners at Trade Ideas to alert us to the gains. At the moment (10:42), YGYI is trading at $4.68 per share after a gain of $0.12 per share or 2.53% thus far today.
YGYI Gains On Launch Of Snap2Finish
As mentioned above, Youngevity International is having a strong start to the trading session today, and for good reason. The company announced the launch of Snap2Finish photo merchandise creation software in the United States and Canada. The software, available at www.Snap2Finish.com works through the combination of the tools and templates, ultimately offering a simplified design process.
Snap2Finish is an intuitive system that is mobile friendly. This ultimately gives anyone the ability to turn their favorite pictures into a large variety of gifts and products. These include photobooks, custom coffee mugs, custom travel mugs, photo puzzles, beach towels, and home decore items including metal prints, canvases, blankets and pillows. In a statement, Steve Wallach, Co-founder and CEO at YGYI, had the following to offer...
“The photo printing and merchandise industry is already a $16.8 billion industry that is projected to become a $21.7 billion industry by the end of 2026... We have very positive performance expectations for Snap2Finish – we see it having the potential to be a key driver for our Photo Merchandise entry within the Home and Family vertical product category.”
The above statement was followed up by Dave Briskie, President and CFO at YGYI. Here's what he had to say...
“We are proud to launch Snap2Finish today and happy to offer another product category to our distributors that they can now bring to their customers... We are enthusiastic about our partnership with Fuji and quite pleased with the quality they are bringing to our Snap2Finish technology. We anticipate expanding these capabilities to our Australia and New Zealand markets later this year.”
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on YGYI. With recent acquisitions, new product launches, and more, there's definitely plenty to watch. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!
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