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DubLi Appoints New Board Of Directors, Appoints Chairman, And New Name

 
DubLi, Inc. (otc pink:DUBL), a global Cashback rewards and value-based travel, shopping and entertainment platform, today announced the appointment of six new Directors and a new Chairman of the Board. The new appointments made by DubLi’s majority shareholder expand the Board to seven members, of which five will be independent Directors.
The new Board will be seated approximately 20 calendar days after mailing of information statement to all stockholders in accordance with SEC regulations. Also, the Company is changing its corporate name from DubLi, Inc. to Ominto, Inc.

“I am pleased to announce the appointment of a world class board of seasoned leaders to support our global business plans,” said Michael Hansen, DubLi’s President and Chief Executive Officer and majority shareholder. “The new board brings together highly complementary skill sets of strategic capital

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China’s Tiens Group makes $1.16 billion in 2014

 
Chinese Direct Selling giant Tiens Group is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package.
Tiens Chairman Li Jinyuan is leading the 6,400 strong group which includes a mass visit to the Louvre museum and they are expected to spend 13 million euros (US$15 million) in total. The 57-year-old Li Jinyuan is listed on Forbes’ billionaires list.
In China, Tiens sells its products through some 100 branch offices and chain stores of affiliate Tianshi Engineering. Outside of China, it sells products through independent distributors through subsidiary Tianshi International and majority-owned Tiens Biotech Group USA Inc.
Tiens was ranked No.15 on the DSN Global 100 list with revenues of 1.16 billion in 2014.
 

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Medifast Q1 revenues down 7% to 73.4 million

 
Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the first quarter ended March 31, 2015.
For the first quarter, Medifast net revenue from continuing operations decreased 7% to $73.4 million from net revenue of $79.2 million in the first quarter of 2014.

“We are pleased to get off to a good start this year by exceeding our first quarter top and bottom line guidance,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continue to execute well operationally while putting the plans in place to advance our three key strategic priorities; to grow and simplify Take Shape For Life, optimize Medifast Direct revenues and deliver product and program innovation.  We are very focused on returning to a growth trajectory in 2015

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