Tag Archive for Max International

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Max International Is Looking For Investors – Public Offering

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According to a SEC publication, Network Marketing Company Max International is looking for investors. The company sales are down for years. Max International owns several product patents.

“The company believes its portfolio of patented technologies and its market position as a recognized front-runner in glutathione research, development and distribution has enabled it to offer effective and cost-efficient glutathione boosting supplements.”

The company’s nutraceutical products focus on supporting naturally occurring cellular function and communications, which are the primary indicators of overall health and vitality. Max International’s product line is sold and distributed through: (i) direct-to-consumer (“DTC”) via e-commerce; (ii) healthcare professionals; (iii) affiliate sales (influencers); (iv) retail sales; and (v) Sales Associates.”
Revenues:

Year 2021 Revenue $37 Million
Year 2022 Revenue $25 Million
Year 2023 Revenue est. $15 Million

The company generated revenues of $8.8 million for the six months ended June 30, 2023 (“Interim 2023”), a decrease of 37.7% compared to $14.1 million in revenues for the six months ended June 30, 2022 (“Interim 2022”).
The significant decrease in revenues during Interim 2023 is largely the result of lower product sales compared to the prior period principally driven by the company’s continued focus on minimum profitability targets in each of its international markets and the repositioning of key

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Ex CEO Max International Pleads Guilty To Tax Evasion

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According to an article in the Deseret News:
The former CEO of a Utah-based nutrition supplement company pleaded guilty Thursday to tax evasion.
Peter Nordberg, 61, was indicted by a federal grand jury in January with two counts of attempted income tax evasion, each carrying a statutory minimum sentence of five years in prison. He pleaded guilty to one of the counts Thursday, admitting to not paying $275,790 in taxes over two years.
 The second count will be dismissed at a sentencing hearing Nov. 30, according to court documents.
Between September 2007 and December 2011, Nordberg served as the chief executive officer of Max International, a Utah-based multilevel marketing company that manufactures and sells nutritional supplements.
In addition to his annual salary of $331,336 in 2009, Nordberg received a portion of the company’s commissions as a bonus, bringing his income to $822,647, according to the indictment.
Federal prosecutors say Nordberg, a Draper resident at the time, set up a limited liability company in Delaware under the name MAX MLM Partners and had his bonuses deposited into an associated bank account. Nordberg directed employees at Max International to report the money as non-employee compensation.
Nordberg did not report the bonus income on his taxes, according to the indictment,

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Max International To Deepen Footprints In Ghana – Africa

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Max International Ghana, the producers of wellness and weight-loss supplements and products, is embarking on an expansion drive as it intends to open three more branches across the country this year.
This is aimed at expanding the reach and footprints of the company to the other regions in the country.
The Assistant General Manager for Max International Ghana, Ms Miriam Mahama, said this in an interview with the Daily Graphic after a press soiree in Accra.
“Because we don’t have branches in every region, it is sometimes very difficult to get products to our associates in other regions and we are hoping to solve this problem by expanding our reach,” she said.
“So we have opened an office in Kumasi which is serving the Ashanti and Northern regions and we are looking at opening other branches

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Max International, A Growing Health and Wellness Company, Expands To Africa

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Max International, an industry leader in the production of wellness and weight-loss supplements and products, has officially launched its operations in Africa through the opening of the Ghana office.
Max International aims to empower people around the world to experience better health, success and significance.
The company also offers more passion, inspiration, stability and community according to its Chief Executive Officer (CEO), Joe Voyticky.

“At Max International, people can make more than money. We provide three primary benefits – a chance to improve health, enhance your wealth and achieve more through personal development “, he remarked.

Mr. Joe Voyticky said Max International is committed to providing all of its associates with the resources they need to build a successful business.
He also revealed that, the company has created several sales and educational materials custom designed for Associates of all levels of experience who will spearhead the company’s dreams across the globe.
Mr. Voyticky further explained that the company offers Nutrition that is not Available in Africa or Ghana until now, and that they are “doing massive expansion into Africa and you can be the one that overrides this growth and earn fortunes helping us to expand our business.”
He emphasized “We will together build a foundation that

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