Tell us about your work at home position with Stella & Dot. Stella & Dot’s mission is to give women globally the means to style their own life on their own terms. With Stella & Dot, our celebrity coveted accessories brand is only sold through private trunk shows, personal shopping sessions and our ecommerce site. […]
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Job growth a key issue in NY governor's race
by Successful IBO • • 0 Comments
Gov. Andrew Cuomo says New York has more jobs than ever and that upstate New York is rebounding.
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Tax cut for Ohio small businesses goes unclaimed
by Successful IBO • • 0 Comments
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Micro-Enterprise Network CVSL Sets Terms For $60 Million Uplisting To The NYSE
by Tina Williams • • 0 Comments
CVSL, which acquires and improves the operations of small direct selling businesses, announced terms for its uplisting to the NYSE MKT on Tuesday. The Plano, TX-based company plans to raise $60 million by offering 6.7 million shares at a price range of $8 to $10. At the midpoint of the proposed range, CVSL would command a market value of $308 million.
It is currently traded on the OTCQX Marketplace under the symbol CVSL, and has a market value of about $293 million, down from $500 million when it last filed in early September ($250 million when it first filed in May).
CVSL was acquired by Chairman and CEO John Rochon, the former head of Mary Kay. Its seven portfolio companies’ industries include home improvement, gourmet foods, skin care and nutritionals. The holding company builds these independent businesses using its expertise in e-commerce, social media and micro-enterprise strategy as well as bringing efficiencies in finance, IT and the supply chain.
Net sales jumped 122% to $41 million for the six months ended June 30, 2014 due to recent acquisitions. Its operating loss widened to $7 million from $4 million due to higher commissions and incentives and SG&A as a percent of revenue because of the
Hot Business News Today
Micro-Enterprise Network CVSL Sets Terms For $60 Million Uplisting To The NYSE
by Tina Williams • • 0 Comments
CVSL, which acquires and improves the operations of small direct selling businesses, announced terms for its uplisting to the NYSE MKT on Tuesday. The Plano, TX-based company plans to raise $60 million by offering 6.7 million shares at a price range of $8 to $10. At the midpoint of the proposed range, CVSL would command a market value of $308 million.
It is currently traded on the OTCQX Marketplace under the symbol CVSL, and has a market value of about $293 million, down from $500 million when it last filed in early September ($250 million when it first filed in May).
CVSL was acquired by Chairman and CEO John Rochon, the former head of Mary Kay. Its seven portfolio companies’ industries include home improvement, gourmet foods, skin care and nutritionals. The holding company builds these independent businesses using its expertise in e-commerce, social media and micro-enterprise strategy as well as bringing efficiencies in finance, IT and the supply chain.
Net sales jumped 122% to $41 million for the six months ended June 30, 2014 due to recent acquisitions. Its operating loss widened to $7 million from $4 million due to higher commissions and incentives and SG&A as a percent of revenue because of the
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Vemma Affiliates’ Inspiring Film Named Best Feature
by Tina Williams • • 0 Comments
“Hoovey,” an inspirational film set to release in January 2015, captures the true story of Vemma Affiliates Jeff and Ruth Elliott (portrayed by Patrick Warburton and Lauren Holly) and their family as they work their way through tragedy.
The film was selected out of more than 100 entries as Best Feature Film at the October 10–12 Sunscreen West Film Festival, supported by The Academy of Motion Picture Arts and Sciences.
When promising high school basketball player Eric “Hoovey” Elliott suffers a brain tumor, the Elliott family must join forces to overcome seemingly insurmountable obstacles to triumph in the face of adversity. The movie is the story of Hoovey’s miraculous comeback after the potentially fatal illness threatened everything.
“Everyone at some point in their life is going to go through something; it’s inevitable,” explains author Jeff Elliott, whose self-published book, Rebounding from Death’s Door, was the inspiration for the screenplay.
“You can’t control many things that might happen to you, but you can control your attitude. That’s a choice you get to make.”
The Elliotts describe their home-based Vemma affiliate business as a catalyst for the family’s emotional and financial recovery. The company is featured in the movie during a reenactment of the speech Ruth Elliott gave at
Hot Business News Today
Vemma Affiliates’ Inspiring Film Named Best Feature
by Tina Williams • • 0 Comments
“Hoovey,” an inspirational film set to release in January 2015, captures the true story of Vemma Affiliates Jeff and Ruth Elliott (portrayed by Patrick Warburton and Lauren Holly) and their family as they work their way through tragedy.
The film was selected out of more than 100 entries as Best Feature Film at the October 10–12 Sunscreen West Film Festival, supported by The Academy of Motion Picture Arts and Sciences.
When promising high school basketball player Eric “Hoovey” Elliott suffers a brain tumor, the Elliott family must join forces to overcome seemingly insurmountable obstacles to triumph in the face of adversity. The movie is the story of Hoovey’s miraculous comeback after the potentially fatal illness threatened everything.
“Everyone at some point in their life is going to go through something; it’s inevitable,” explains author Jeff Elliott, whose self-published book, Rebounding from Death’s Door, was the inspiration for the screenplay.
“You can’t control many things that might happen to you, but you can control your attitude. That’s a choice you get to make.”
The Elliotts describe their home-based Vemma affiliate business as a catalyst for the family’s emotional and financial recovery. The company is featured in the movie during a reenactment of the speech Ruth Elliott gave at
Hot Business News Today
Paul Burks – ZeekRewards President Charged For Operating $850 Million Ponzi Scheme
by Ted Nuyten • • 0 Comments
The president and founder of ZeekRewards, Paul Burks, has been indicted on federal charges for operating an Internet Ponzi scheme that took in more than $850 million dollars, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina, USA
The criminal indictment was returned on 24 October 2014 by a federal grand jury sitting in Charlotte, charging Burks, 67, of Lexington, N.C., with wire and mail fraud conspiracy, wire and mail fraud, and tax fraud conspiracy.
Russell F. Nelson, Special Agent in Charge of the United States Secret Service, Charlotte Field Division and Thomas J. Holloman III, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation Division (IRS-CI) join U.S. Attorney Tompkins in making today’s announcement.
According to allegations contained in the indictment, from January 2010 through August 2012, Paul Burks was the owner of Rex Venture Group, LLC (RVG), through which he owned and operated Zeekler, a sham Internet-based penny auction company, and its purported advertising division, ZeekRewards (collectively “Zeek”).
The indictment alleges that Burks and his conspirators induced victims – including over 1,500 victims in the Charlotte area – to invest in their fraudulent scheme, by falsely representing that Zeekler was generating massive retail profits from
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Herbalife Will Be Exonerated After FTC Probe
by Tina Williams • • 0 Comments
Herbalife Ltd. (HLF), the nutrition-product maker facing allegations that it runs a pyramid scheme, expects to be cleared of wrongdoing when regulators complete an investigation of the company.
“We anticipate at the end of the day we will be exonerated,” Chief Financial Officer John Desimone said in an interview. “We will wait to say anything more until the investigation is complete.”
The U.S. Federal Trade Commission is probing the Los Angeles-based maker of weight-loss shakes and nutritional supplements following accusations by billionaire hedge-fund manager Bill Ackmanthat the company misleads distributors, misrepresents sales figures and sells a commodity product at inflated prices. The Federal Bureau of Investigation also opened an investigation and several states are looking into complaints.
“We will respect the integrity of the investigations,” Desimone said. “We will fully cooperate and we have complete faith in our members and our business model.”
With a $1 billion bet against Herbalife, Ackman’s Pershing Square Capital Management LP is trying to profit from a drop in the shares. He’s been campaigning to shut down the company since December 2012, saying it exploits distributors rather than selling products to consumers.
Looking Glass
Ackman’s latest salvo came yesterday. Christine Richard, a Pershing-hired researcher who first brought Herbalife to Ackman’s attention, posted
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Groups in 3 states question Entergy finances
by Successful IBO • • 0 Comments
A spokeswoman for the company that owns nuclear plants in Vermont, Massachusetts and New York says it will respond to any new requirements federal regulators might seek after a complaint by anti-nuclear groups.