CVSL (CVSL) plans to raise $60 million in an IPO on Tuesday, November 25th. The company will issue 6,700,000 shares at $8.00-$10.00 per share.
In the last year, CVSL generated $111.3 million in revenue and had a net loss of $11.1 million. CVSL has a market-cap of $445.4 million.
Cantor Fitzgerald, JMP Securities and Janney Montgomery Scott served as the underwriters for the IPO and Feltl and Company and National Securities Corporation were co-managers.
CVSL provided the following description of their company for its IPO: “(Note: Not an IPO – “Our common stock is traded on the OTCQX Marketplace, operated by the OTC Markets Group, under the symbol “CVSL.”)
We operate a multi-brand direct selling/micro-enterprise company that employs innovative operational, marketing, social networking and e-commerce strategies to drive a high-growth global business.
We are engaged in a long-term strategy to develop a large, global, diverse, company that combines the entrepreneurship, innovation and relationship-based commerce of micro-enterprise with the infrastructure and operational excellence of a large scale company. We are building an online “community” consisting of a growing number of entrepreneurs and their customers, who can share various economic benefits of membership.
Our growth is supported by a highly disciplined acquisition strategy focused on
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Top Industry Leader Chris Reid Joins Preiscoin
by Ted Nuyten • • 0 Comments
Preiscoin (PRS) has been making waves in the online opportunity business of late and they have just acquired the services of prominent Canadian Marketer -and former World Taekwon-Do Champion- Chris Reid who is also the head of his own marketing company; Championsway Marketing.
“Digital currencies have been of high interest to me for the past few years.”, said Chris.
I am a fan of Sir Richard Branson and have always believed him to be a pre-eminent business visionary of our generation…and when I read about his feelings towards this new form of currency, my interest only grew”
PRS is an online marketing company where members receive a subscription that allows them to generate a brand new Swiss based digital currency called Preiscoins.
“To attach an affiliate program to a product that is actual currency… well…leave it to the Swiss!” Chris continued. “I have never seen anything like it. The actual product is the equivalent value of the monthly subscription fee.
For 25 CHF, you generate 25 Preiscoins which is appealing enough, but to attach a 3×7 forced matrix where marketers can earn 4% on their entire down line top to bottom is incredible. As the currency spreads around the world, the value of the
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Herbalife Distributors Upset About Recent Company Change
by Tina Williams • • 0 Comments
A handful of Herbalife’s Internet distributors are rebelling against the company’s move to corral them and exert greater control over their sales and marketing.
The weight-loss products company started earlier this month requiring distributors to move their far-flung retail sites to a new corporate-controlled hub, goherbalife.com.
Herbalife portrayed the policy, which went into effect Nov. 15, as an effort to curb bad behavior and prevent independent distributors from making false product claims.
But a few holdouts, including shoptoshape.com, herbal5.co.uk, and herbalhappy.com, had yet to move to the new destination and were still operating stand-alone sites as of Friday.
Some operators of these sites believe Herbalife’s real aim is to keep them from selling products at discounts, which undercuts the company’s recruiting efforts, sources said.
The retailers, which only sell discounted products and do not recruit, have been allowed by Herbalife to sell through their own Web sites and advertising for 15 years, sources said.
The change is just the latest of several that have made it difficult for them to compete, causing the number of independent sites to decline from about 300 in 2012 to about 40 earlier this year, according to sources.
Typically, independent sites advertise Herbalife products at anywhere from 25 percent to 45 percent
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This Week: Creative Memories Reopens, Gardening Meets Social Selling
by mallen@directsellingnews.com • • 0 Comments
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Home Party Companies On The Rose
by Tina Williams • • 0 Comments
Direct-selling parties are enjoying a surge in popularity, according to the Direct Selling Association of Ireland (DSAI). The trade body says about 4,000 people have signed up to become direct sellers over the past year, taking the total number to more than 20,000.
Parties, where self-employed direct sellers showcase products such as cosmetics, jewellery and homewares to a group gathered in a client’s home, now account for a fifth of total direct-selling revenue in Ireland, according to the DSAI, which represents 16 member companies including Amway, Forever Living, Mary Kay Inc and Neal’s Yard Remedies.
Direct-selling parties “are becoming increasingly more mainstream”, says DSAI director general Lynda Mills.
The days of the stereotypical “Avon Lady” are gone (as is the company itself from Ireland). More than 5,000 direct sellers are men – a quarter of the total – while there are 8,800 people aged 50-plus selling products outside the traditional retail channel, the association says.
Although direct selling is typically a second or casual stream of income, about 13 per cent of direct sellers, or some 2,600 people, work full-time in the industry, which is estimated to be worth more than €50 million. That’s quite a lot of moisturisers and herbal supplements.
first reported by: irishtimes.com
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International Study Reveals Attitudes Toward Self-Employment – Amway
by Tina Williams • • 0 Comments
Are entrepreneurs born or made? And what drives them to start their own businesses?
These questions were posed by the 2014 Amway Global Entrepreneurship Report (AGER), an annual survey that takes the public pulse on the state of self-employment around the world. This year’s report explored entrepreneurship education.
Unique in its broadness and regularity, the AGER fosters global discussion on entrepreneurship and raises awareness of the significant role entrepreneurs play in modern economies. The groundbreaking first survey launched in 2010 as the Amway European Entrepreneurship Report, then expanded worldwide with the 2013 AGER, encompassing 24 countries. This year’s report spans a record 38 markets, with face-to-face and telephone interviews conducted with 43,902 men and women aged 14-99.
“Entrepreneurs play an important role in growing economies,” said Amway Chairman Steve Van Andel. “They create jobs, encourage competition and help communities grow and flourish. As the business environment has changed through the years, so have the reasons people decide to venture out on their own. We hope this report advances the discussion on entrepreneurship and leads to a deeper understanding of what can be done to encourage and better prepare more people around the world to start businesses of their own.”
2014 Key Findings
The AGER reveals that entrepreneurship
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Visalus’ 3-Star Ambassador & New $1 Million Lifetime Earner Neil Bellville On Not Quitting
by Tina Williams • • 0 Comments
Perhaps just as strong as Neil Bellville’s ‘Why’ is his favorite saying: “It’s always too early to quit.” It’s a powerful motivational force that has led this 3-Star Ambassador to achieve over $1 million in lifetime earnings with Vi.
In asking Neil about his success, and how his story embodies each of the three Vi Foundational Pillars of Life, Health & Prosperity.
On Prosperity
To put things in perspective, what took Neil 14 years to make a little over a million in the industry took him just four years to make a million with Vi. He credits his success to his passionate team dedicated toChallenging the World… 10 lbs. at a Time.
“I was taught a long time ago that it takes teamwork to make dream work,” said Neil. In fact, he values his team so much that helping them achieve their goals is way more important than his.
He also believes in Vi events and the impact they’ve had on his life and business—whether it’s on a local, regional or national level. “I do not miss an event, period. It’s the #1 belief-building tool that we can have. It’s filled with positive energy from likeminded people. There’s nothing else that will build the belief tank like an
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J.Hilburn Opens Dallas Showroom to the Public
by mallen@directsellingnews.com • • 0 Comments
Custom menswear brand J.Hilburn is opening the doors of its Dallas showroom to the public.
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Generic Network Marketing Documentary Revealed By Eric Worre
by Ted Nuyten • • 0 Comments
At the Go Pro Recruiting Mastery Event in Las Vegas, USA Eric Worre has revealed his long-awaited documentary, called “Rise Of The Entrepreneur”
This in front of 8,000 leaders from over 100 countries. He got a standing ovation from his peers:)
It is THE definitive documentary film on network marketing. Use this film with confidence to build your business attracting new prospects.
It’s also a great tool to motivate and inspire your downline.
Featuring numerous business experts and top field leaders such as:Jordan Adler, John Assaraf, Kody Bateman, Chris Brogan, Richard Bliss Brooke, Ali Brown, Les Brown, Jack Canfield, Harry S. Dent, Dr. Linda Ferrell, Dr. Oc Ferrell, Mark Victor Hansen, Kevin Harrington, Kim Kiyosaki, Robert Kiyosaki, Joseph N. Marino, Dr. Ivan Misner, Paul Zane Pilzer, Bob Proctor, Susan Sly, Loren Slocum, Kevin Thompson, Brian Tracy, and Sandra Yancey.
According to Eric Worre and business experts:
“The world is changing faster than ever.
Technology is accelerating, job security is declining and income inequality is increasing. People are overworked and underpaid. With less time and freedom, people are left wondering if there is a better way.
Our changing economy has led to the rise of the entrepreneur. The fastest, most dependable and controllable way to become wealthy is to
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MLM Legend George Zalucki Sells His ACN Business
by Ted Nuyten • • 0 Comments
MLM Legend and ACN Top Earner George Zalucki has sold his ACN Distributorship to his parter Art Napolitano.
According to well informed sources, George Zalucki will take a corporate role in ACN.
George Zalucki has built large organizational sales teams of over 150,000 distributors in 21 countries.
His sales volume has exceeded $20 million per month, while earning millions of dollars in Network Marketing. He has been a consultant in the industry, and the keynote speaker at many national and international conventions.
Founded in 1993, ACN is the world’s largest direct seller of telecommunications, energy, and other essential services for residential and business customers. ACN provides the services people need and use every day including Digital Phone Service, Local & Long Distance, Wireless, Energy, Merchant Services, Television, Home Security & Automation, High Speed Internet and Technical Support.
ACN operates in 23 countries with offices located throughout North America, Europe, Asia and the Pacific
About George and Eloise Zalucki
//www.youtube.com/watch?v=tfxE-4359wU