Hot Business News Today

Hot Business News Today

mynt Celebrates Rank Advancements

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mynt is celebrating a number of rank advancements. Announcements went out today:
Congratulations to Rob and Tiffanie Moffitt of South Jordan, UT, USA, for advancing to the rank of Diamond Executive! 
If Rob and Tiffanie’s names sound familiar that’s because they were recently spotlighted as new Emerald Executives! You can read their previous success story HERE.
For Rob and Tiffanie, reaching the rank of Diamond has been a team effort. Having been in the network marketing profession for 8 years now, they know the importance of a solid team that broadens their circle of influence.

“We invest in relationships,” they said. “As leaders, we don’t focus on protecting our domain. Instead we expand it by investing in mutually beneficial relationships.”

These relationships include “lifters and doers”—people who have a significant impact on their business and lives and help build momentum. 
Momentum aside, success truly started to happen

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ForeverGreen’s 2015 Q1 Results Up 60% To $10.5 Million

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ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, announced  that March 2015 sales exceeded $6.0 million for the first time in company history. 
The company estimates revenue for the quarter ended March 31, 2015 to be approximately $17 million.  During the first quarter of 2014, revenue was $10.5 million.  This represents an increase of about 60%. 
The revenue estimate is preliminary and has not been reviewed by the Company’s independent accountants. Significant updates and revisions may be required before the release of the Company’s first quarter financial results in May.
In addition, the Company’s quarterly financial results will include other factors necessary to calculate additional financial metrics, including gross profit and net income.
About ForeverGreen Worldwide
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and

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One Lightning Corporation Under Philippines SEC Scanner

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The Securities and Exchange Commission (SEC) in the Philippines continues its fight against One Lightning Corp., a company allegedly involved in pyramiding operations.
In a recent advisory, the country’s corporate regulator reminded the public that a cease-and-desist order it issued against One Lightning is still in effect.

“The public is hereby informed that the cease-and-desist order issued by this commission against One Lighting Corporation,  its officers, directors, agents, representatives, conduits, assigns and any and all persons claiming and acting for and in behalf and under their authority remains in force and in effect,” the SEC said.

The SEC earlier issued the order against One Lightning after the latter was found to be pursuing investment taking activities under the guise of the sale of its packages including recruiting, referring, or sponsoring prospective members.
Likewise, the SEC said

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Royale Business Club Charged With $8.13 million Tax Evasion

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Royale Business Club International Incorporated, a Philippines-based multi-level marketing (MLM) organization, has been slapped with tax evasion charges by the Bureau of Internal Revenue (BIR) worth P359.75 million ($8.13 million).
Royale is a domestic corporation that markets and distributes food supplements, cosmetics, pharmaceutical products, and beverages.
The BIR said the company under-declared its annual income tax returns (ITR) and quarterly value added tax (VAT) from 2011 to 2013, as defined under sections 254 and 255 of the National Internal Revenue Code of 1997 as amended (tax code).
Also charged for the same violations were its officers: Royale president Julius Allan Nolasco; vice president for finance/treasurer Isa Angela C. Bautista; assistant treasurer Jeanette Maghirang; assistant treasurer Imelda Pedron; and assistant accounting manager Marjorie Molina.
Based on access letters released by the Bank of the Philippine Islands (BPI),

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ConMed’s Q1 Profit Down To $6.3 Million

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ConMed Corp. (NASDAQ: CNMD) reported net income of $6.3 million, in the first quarter, down nearly 27 percent from $8.6 million, in the year-ago period.
The Utica–based surgical-device maker’s reported net earnings included restructuring costs in both 2015 and 2014, along with charges for dealing with a patent dispute, activist shareholders, and New York state corporate-tax reform in 2014, the company said in its earnings release.
Excluding the impact of those items, ConMed’s adjusted net earnings of $11.8 million was down 13 percent and adjusted net earnings per share of 42 cents was off 14 percent from the year-prior period, ConMed said.
ConMed released its first-quarter financial report after the markets closed on Wednesday. Shares of the medical-device maker jumped $4.60, or 9.3 percent, to $53.95 in Thursday’s trading, as of 2:15 p.m., according to

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Indian Trade Body Asks Govt for Direct Selling Regulations

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The Confederation of All India Traders (CAIT) has asked the Centre to make specific rules and regulations for the direct selling industry in the country.
In a communication sent to Union Finance Minister Arun Jaitley on Thursday, the traders body also said there is mass scale of tax avoidance in direct selling business. Therefore, a policy needs to be framed to bring direct sellers under the tax net.
CAIT National President B C Bhartia and Secretary General Praveen Khandelwal, in communication sent to Jaitley, said goods sold by such companies to its members or franchisees are taxed at origin stage only. After that the said goods travel through channels but neither the tax is charged nor any sale statement is filed with the tax authorities. The current value-added tax (VAT) system is a destination-based

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SEC shuts down Achieve Community for Pyramiding

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The Securities and Exchange Commission has announced fraud charges and an emergency asset freeze against two operators of a Colorado-based pyramid and Ponzi scheme that promises investors extraordinary returns of 700 percent through a purported “triple algorithm” and “3-D matrix.”
In the complaint the SEC alleges that Kristine L. Johnson of Aurora, Colo., and Troy A. Barnes of Riverview, Mich., have raised more than $3.8 million since April 2014 from investors they enticed into buying positions in their company Work With Troy Barnes Inc., which is doing business as “The Achieve Community.” In Internet videos and other web promotions, investors were pitched “you and anyone you know can make as much money as you want” by purchasing positions that cost $50 each, and as they progress through the matrix they would receive a $400

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