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Medifast President Gets Appointed As Chair Of Direct Selling Association (DSA)

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Medifast, Inc. (NYSE:  MED), a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, announced that Mona Ameli, President of its Take Shape For Life division, was appointed as the Chair of the Direct Selling Association (DSA) Diversity and Empowerment Council. 
The Diversity and Empowerment Council strives to inform and support member companies on ways to achieve greater business success through effectively reaching and serving more diverse customer populations and partnering closely with DSA leadership to develop and implement strategies that expand access to a range of direct-selling opportunities for a diverse populace.

“Mona has been a dynamic member of the Council since its inception and her personal and on-the-ground experience will be instrumental in advancing the DSA’s diversity objectives,” said Meg Sheetz, CEO of Take Shape For Life.
“Mona is well recognized

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Micro-Enterprise Network CVSL Sets Terms For $60 Million Uplisting To The NYSE

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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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Micro-Enterprise Network CVSL Sets Terms For $60 Million Uplisting To The NYSE

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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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CVSL, Owner Of Agel And Other Network Marketing Companies, Moving To New York Stock Exchange

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CVSL Inc. has received notification that it has been authorized for listing on the NYSE MKT, contingent upon CVSL being in compliance with all listing standards on the date it begins trading on the Exchange.
“Listing on the NYSE MKT will represent a very significant milestone for CVSL. We are all delighted to receive this news. I believe listing will expose CVSL to a much broader audience of institutional and retail investors and that it is a powerful indication of CVSL’s growing success,” said Mr. Rochon.  “We look forward to completing the process for the uplisting shortly.”
About CVSL
CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual “community” of social commerce.
CVSL companies currently include The Longaberger Company, a 40-year old maker of hand-crafted baskets and other home decor items; Your Inspiration At Home, an award-winning maker of hand-crafted spices and other gourmet food items from around the world; Project Home (formerly conducting business under the name Tomboy Tools), a direct seller of tools designed for women as well as home security systems; Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless brand, operating in 40 countries; Paperly, which

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