Tag Archive for Closes Down

Boresha International Closes Down

 
Founded in 2007, Boresha is headquartered in Walnut Creek, California.  Through its partner companies Boresha manufactures, distributes and sells a line of weight management beverages and associated health and wellness products.
The business is primarily marketed through a Multi-Level-Marketing (MLM) distribution model supported by 29,000 U.S.-based distributors with an expansion market with significant international opportunities.
According to a message on the corporate website:
Dear Shareholders, Distributors, Customers, Affiliates, and Staff,
I wish to thank everyone for the trust and confidence that you have placed in me and my team for the last nine years that Boresha has conducted business.
I have been extremely fortunate to have known you and worked with you. Boresha has manifested excellence in many lives on many levels, and for that I am very well pleased.
I wish to extend

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Vemma Europe In Liquidation – Will Be Rebuilt

 
Vemma Europe, a joint venture based in Ierland and operated through Poland is in liquidation.
BK Boreyko, one of the owners voted against the liquidation however was outnumbered by his european partners.
According to an email to the european customers and distributors it will be rebuilt.
Bk Boreyko, CEO Vemma:
“I’m sorry I haven’t been in more communication with you during these past several weeks. With the recent challenges here in the US, the team has been focused on getting these operations restored and relaunching the US market. That work is almost complete.
Now our focus is on the European market. The decision was made to place the company into liquidation. I apologize for not being able to step in and take over operations, but the pressing challenges the US market required me to focus all

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My Advertising Pays (MAPS) Closes USA Market

 
According to an email from founder Mike Deese to it’s 200,000 members, My Advertising Pays (MAPS) has closed down the USA market. The official reason is a decline in the USA :

“We have battled with this decision. After careful consideration and extensive consultation with our Legal Team, MAP Executives, Tax Advisors, Financial Advisors and European MAP Leaders, we have unfortunately decided to completely pull out of the American marketplace.

The decision comes on the heels of a declining marketplace in the US for our company. It simply isn’t profitable for us to remain engaged there. Over 90% of our business already comes from Europe, while we are catering to the US members by operating in US currency.
It doesn’t make good business sense to continue operating in a place and expending valuable resources

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JD Premium Closes Down

 
According to an email the the distributors, JM Premium will close doors.
“To all JD Premium Independent Business Owners and Preferred Customers.
It is with great regret and sorrow that I am writing you this letter today.
As of Jan. 25th 2015, JD Premium will no longer be acting as a direct sales company. All commissions and bonuses will be paid through this time period.
This letter is to serve as the thirty-day notice as required in the policy and procedures of JD Premium LLC. After Jan. 25, 2015, JD Premium will continue to sell product at a reduced price, as there will be no commissions paid on sales of any product.
Sales will continue while supplies last. After Jan. 25th anyone wanting to purchase product can do so by going towww.jdpremium.com and purchase at the lower retail price as well as through the corporate office. I would encourage IBO’s to access their back office during this time to collect any information that might be needed to prepare their 2014 taxes.
All access to the back office will end as of Jan. 25th 2015. It is required that all active IBO’s have their $15 annual renewal fee as well as their

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DSA Member Votre Vu Closes Down

 
The following is an email from founder and CEO Harold Zimmerman to the Votre Vu Reps:
Dear Votre Vu Brand Ambassdors,
It is with an extremely heavy heart that I announce that Votre Vu will need to close our doors at the end of this year- 2014.
Even though the value of our products was validated repeatedly by prestigious beauty editors, celebrities, and business authorities, we simply did not gain enough consumer traction to keep our business in operation. 
Our sales have been in decline in the past 2 years, and the level of investments made to keep our operations running has reached its limit.  Trust me, we have looked every which way to keep this dream alive.  It has been my wholehearted focus for the past seven years – and I know all of you and our corporate staff also embraced the Votre Vu vision with the sincerest passion.    
I do not view this as a failure, nor should you. We dared to dream. We dared to create something truly unique, and we created quite a stir in doing so.  Our brand was given life by YOU, our beloved Brand Ambassadors.     \You invoked passion and excitement amongst our consumer base at

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