Immunotec Inc. (IMM), a direct-to-consumer company and a leader in the nutritional industry (the “Company” or “Immunotec”), today announced its consolidated financial results for the third quarter of Fiscal 2015. All amounts in this press release are denominated in Canadian dollars unless otherwise indicated.
“Our Company improved its profitability significantly during the first nine month period of this fiscal year”, said Charles L. Orr, Chief Executive Officer of Immunotec. “During the 3rd quarter, we were pleased to increase our presence in the United States, the largest Direct Selling market in the world”, added Mr. Orr.
DEVELOPMENTS DURING THE THIRD QUARTER
– May 2015 – Immunotec announced that Health Canada granted a new health claim specific to Immunocal’s ability to help increase muscle strength and enhance performance when combined with regular exercise. This achievement is
Monthly Archives: September 2015
Hot Business News Today
7 Tips for How to Stay Healthy and Sane as a Freelance, Remote Worker
by Karen Lachtanski • • 0 Comments
Collaboration tools and a home office that (faintly) resembles a corporate one are important parts of the mix.
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5 Steps to Relieving Daily Stress
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Being an entrepreneur isn’t easy. Here are a few ways to manage the stress of running a business.
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5 Pieces of Advice for Women Trying to Navigate Male-Dominated Waters
by Lisa Harun • • 0 Comments
With gender still a ‘hot button’ topic in the workplace, here is advice on how women can stand up and claim their space.
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What $100 Million in New Funding Means for Ipsy, Michelle Phan's Beauty Box Startup
by Geoff Weiss • • 0 Comments
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Nu Skin Announces Plans to Launch in Chile
by mbeeman@directsellingnews.com • • 0 Comments
Nu Skin Enterprises Inc. has announced plans to strengthen its presence in Latin America with the upcoming launch of operations in Chile.
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Vemma Regains Partial Control of Business; Judge Appoints Federal Monitor
by mbeeman@directsellingnews.com • • 0 Comments
A federal judge has returned partial control of Arizona-based Vemma Nutrition Co. back to the company’s management team, by granting only part of the preliminary injunction sought by the Federal Trade Commission.
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Vemma Ruling In – Judge Makes Profound Decision
by Tina Williams • • 0 Comments
After the Vemma hearing that was held this Tuesday, the judge took his 3 days to make a decision. Essentially, the injunction was granted in part and denied in part.
Tom Alkazin argues that the FTC has not met its burden to show he is liable under the FTC Act for Vemma’s operation of a pyramid scheme, and the Court agrees. Accordingly, the Court denies the FTC’s request for a preliminary injunction against Mr. Alkazin with regard to the operation of an illegal pyramid scheme.
An asset freeze was not warranted by the court due to the fact that the FTC did not provide adequate documentation that Vemma would be deceptive and this would be required.
A receivor has no longer been granted
The Court is mindful that allowing the Corporate Defendants to resume operation of their business and unfreezing associated
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Infinitus Partners With Cambridge For International Research Centre
by Ramya Chandrasekaran • • 0 Comments
On 2 September, the Cambridge Infinitus Research Centre (CIRCE) was officially established by Chinese direct selling company Infinitus (China) Company Ltd, a member of LKK Health Products Group (LKKHPG), and the University of Cambridge. This collaboration marked Infinitus’ first academic partnership outside China.
The signing ceremony took place on the Cambridge campus. Mr. Tim Chun, Senior Vice President of LKKHPG, and Sir Leszek Borysiewicz, the Vice-Chancellor of the University of Cambridge, signed the cooperation agreement, and unveiled the plaque along with other representatives from both parties.
The Center is positioned as a world-class research platform which will fully incorporate Cambridge’s leading strengths in molecular cell biology with Infinitus’ profound accumulation in TCM healthcare after officially put into use. It aims to transform the cutting-edge research findings into innovative TCM health products.
In his speech, Mr. Tim Chun regarded
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TruVision Health Celebrates First Associate To Achieve Seven-Star Director
by Nicole Dunkley • • 0 Comments
TruVision Health is on a mission to make premium health products accessible around the globe. Angel Fletcher pledged to be a part of that movement and doesn’t take it lightly. Devoted to helping others succeed, in less than nine months she maximized financial earnings as an Associate under the company’s compensation plan.
In just three hundred and sixty-four days she far surpassed what she earned in her previous company while gaining the coveted ‘million-dollar-earner’ title. This tremendous accomplishment is a result of tireless hours and hard work. For Angel, she says it’s a labor of love.
Angel, who lives in New Orleans, is new to direct sales and networking. She experienced the benefits of an enhanced health and immediately began sharing TruVision Health’s products and philosophy with those around her. The company’s products