Monthly Archives: October 2014

Interview with Kelly Wenzel – Founding Director with Stella & Dot and National Account Manager with Simply Hired

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

 

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

 

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

 
“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

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Vemma Affiliates’ Inspiring Film Named Best Feature

 
“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

Read more...