Monthly Archives: September 2015

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Amway Opens $25 Million Manufacturing Plant

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Amway today announced the opening of its new $25 million USD manufacturing plant in Binh Duong, Vietnam. The 55,000-square-meter facility will house select manufacturing operations for Nutrilite™, the world’s No. 1 selling vitamins and dietary supplements brand* offered exclusively from Amway Business Owners.   
Part of the company’s ongoing $332 million USD global manufacturing expansion, the Binh Duong plant is one of six new facilities opening in 2015 for Amway. Other facilities are located in the United States (California, Michigan and Washington), India and China. 

“Amway Vietnam is a success because of the entrepreneurial spirit and hard work of the people who sell our products and grow their businesses,” said Amway Chairman Steve Van Andel. “The opening of our second factory in Vietnam will help our distributors reach more customers and become even more successful. We’re

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Ominto, Formerly DubLi, Establishes New Board Of Directors

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Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it has established a Board of Advisors to provide strategic direction for the growing global company.
These six industry veterans, including Michael Lohner, Enoch Palmer, Ajay Pahwa, Bill Flury, Stephan Little and Brad Thatcher, will serve as ongoing advisors to the company’s management team and Board of Directors.

“The individuals making up the Board of Advisors have decades of combined experience and valuable insight in working for a variety of business growth and operational disciplines that directly affect Ominto,” said Ivan Braiker, Ominto’s President and CEO.
“In putting together this group of talented individuals, we saw an opportunity to build a qualified team of experienced leaders who are experts in specific skill sets that will help our company

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Herbalife Launches Second Attack On Bill Ackman

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Fox Business Reports: Herbalife, (HLF) the embattled nutritional supplements company, has released its second attack-video against its chief nemesis, Bill Ackman, accusing the hedge fund billionaire of enriching himself through activist campaigns that lead to massive layoffs at his targeted companies, the Fox Business Network has learned.

“Billionaire Bill Ackman would like us to believe his corporate raiding has a higher purpose than mere wealth accumulation but for the tens of thousands of employees who lost their jobs because of his meddling he is probably more prince of darkness than white knight,” the video states.

The video is the second to be featured on the firm’s recently launched website, which also contains various stories about the short-seller’s attacks against the company.
An Herbalife spokesman had no comment; neither Ackman nor a spokeswoman for his Pershing Square hedge

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Vemma Top Earners Might Face Clawbacks

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According to an article in the New York Post, Vemma top distributors might face threads of claw backs if the FTC wins the case.
The New York Post:
“A former top distributor for Vemma may have to fork over millions of dollars in earnings after regulators accused the energy drink maker of running a pyramid scheme that preyed on college students, legal experts told The Post.
Anthony Powell, a top distributor who left Vemma two months ago, was singled out in a report filed last week detailing the alleged scheme. He was a major player in the multilevel marketing company, which the Federal Trade Commission temporarily halted late last month pending the outcome of a Sept. 15 court hearing.
The report, from the temporary receiver appointed to oversee the company, found that 42 percent of the

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