Hot Business News Today

4Life Visits Washington For DSA’s 2nd Annual Day On Capitol Hill

 
 
4Life distributors recently traveled from California to represent the Direct Selling Association (DSA) in Washington, D.C. on Capitol Hill.
On September 10, Gold International Diamond George Fei and his wife Dorothy, and International Diamonds Edison and Claudia Echeverry represented 4Life at the DSA’s 2nd Annual Day on Capitol Hill.
The purpose of their visit was to inform representatives of the critical role that direct selling and 4Life play in the country’s economy and in the lives of nearly 17 million Americans. While in D.C., they met with representatives from Senator Dianne Feinstein’s office, Senator Barbara Boxer’s Office, and Congresswoman Judy Chu’s Office.
The morning began with an assembly of 500 direct sellers who heard from Senator Orrin Hatch of Utah, Congressman Tony Cardenas of California, and Congresswoman Marsha Blackburn of Tennessee who is also the Chairwoman of the Direct Selling Caucus and Vice President of the Energy and Commerce Committee.
Senator Orrin Hatch: “I keep direct selling businesses forefront in my mind as I fight to protect your rights here in Washington D.C.”
“Direct selling accounts for more than $32 billion in annual sales in the United States. This generates an estimated $6.6 billion in federal, state, and local taxes.”
Congresswoman Blackburn: “There are a

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Youngevity Announces Closing of Private Placement Offering

 
Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced that its wholly owned subsidiary, CLR Roasters, has completed its previously announced $4.35 million Secured Convertible Notes (the “Notes”) and Warrants (the “Warrants”) financing for a total aggregate principal amount of $4.75 million. TriPoint Global Equities, LLC acted as sole placement agent in the transaction.
The Company has begun investing the net proceeds of the Offering in its wholly owned subsidiary, CLR Roasters, LLC, to fund the purchase of K-Cup manufacturing capabilities, and intends to execute its option to acquire a second coffee plantation that will, when acquired, double the Company’s coffee bean growing area in Matagalpa, Nicaragua, to fund capital improvements on its Nicaragua coffee plantations and processing plant and for the purchase of green coffee to continue to accelerate the growth on its newly formed green coffee division.
“We are pleased to be partnering with TriPoint Global Equities and we intend to use the proceeds from this financing transaction to aid in accelerating CLR Roasters’ growth,” said Steve Wallach CEO of Youngevity. “In the event that any of the Notes are

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Ambit Energy Launches New Product

 
Ambit Energy, a leading national retail energy provider, is launching two new energy management tools so Texas residential customers with a smart meter can view their energy usage, estimate monthly charges and take steps to conserve energy.
The program includes a weekly email, the Ambit Energy Advisor, which includes a weekly usage summary, a projected monthly usage summary and an estimated monthly billing amount. In addition, customers can view a more detailed report online when they log in to their MyAmbit Account Usage Summary. This summary lets customers analyze their energy use by the month, the week, the day—or even in 15-minute intervals.
These tools will facilitate customer understanding of their trends in home electricity use, as well as the impact of outdoor temperatures on electricity consumption. Ultimately, this detailed information will help consumers manage their monthly budget and conserve energy.

“The launch of the Ambit Energy Advisor and MyAmbit Account Usage Summary further illustrates how we keep our customers’ best interests at heart and provide the resources necessary to help them save money,” said Chris Chambless, Co-Founder and CMO of Ambit Energy. “With seasonal peaks in energy consumption, consumers are closely monitoring their electricity usage. Our energy management tools do the heavy lifting to provide

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T-Mobile MVNO Solavei Plans To Launch ‘Phase 2′ On Oct. 1

 
T-Mobile US MVNO Solavei plans to launch its “phase two” services on Oct. 1, said CEO Ryan Wuerch. He said phase two would include a new compensation scheme, a refined focus on the Hispanic market and new offerings on its Solavei Marketplace program.
Wuerch declined to provide exact details on phase two. He said the new compensation program would be rolled out to current Solavei customers during the next several weeks now and that the company would publicly announce the changes at the beginning of next month.
Although Wuerch declined to provide many details around the company’s plans for the Hispanic market, he said that fully 70 percent of the company’s new customers last month were Hispanic and Solavei is working to entice additional customers in that demographic. As for the company’s Solavei Marketplace, which it launched in September 2013, Wuerch said the company plans to integrate payments and rewards more tightly into the system, and to allow users to easily enter their existing credit cards into the Marketplace in order to more easily receive discounts and rebates.
Solavei launched in 2013 with a $49 per month unlimited voice, text and data plan on T-Mobile’s network. The company designed its service as a referral

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Vemma Continues To Grow And Opens Hawaii Distribution Center

 
Vemma continues to see growth and excitement in Hawaii and what better way to support the nutritional needs of the Aloha State than to open a new distribution center in Honolulu?
With the new Vemma Hawaii distribution center, distributors can enjoy quick and convenient delivery within 2 to 3 business days. Oahu residents can also take advantage of a Will Call option and pick up their orders rather than waiting for delivery. This marks the growth that Vemma continues to see in the U.S. Hawaii, a virtually untapped marketplace for network marketing, is benefiting from the efforts from Vemma distributors. 
About Vemma
Founded in 2004 by BK Boreyko and his two sisters, Karen and Lauren, Vemma Nutrition Company enjoyed $100+ million growth last year as one of the premier industry leaders specializing in premium liquid nutrition. Every month, thousands of new customers experience the positive difference of the clinically studied Vemma Formula.
The Vemma brands include the clinically studied Verve healthy energy drink and Vemma Bod-e, a weight loss line. Vemma is headquartered in Tempe, Arizona and distributes its products through global affiliate marketing. For more information, please visit Vemma.com.

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