Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.
U.S. District Judge Paul Gardephe in Manhattan found no showing that Avon, former Chief Executive Andrea Jung and former Chief Financial Strategy Officer Charles Cramb intended from 2006 to 2011 to deceive shareholders about the company’s knowledge of alleged bribery, such as through corrupt “dinner and karaoke” events, and dependence on bribes to boost sales.
In a 59-page decision, Gardephe also said Avon shareholders did not show the company intended to deceive them about its ability to comply with the federal Foreign Corrupt Practices Act, which prohibits bribing foreign officials.
The lawsuit was brought on behalf of shareholders from July 31, 2006 to Oct. 26, 2011, and had claimed that Avon’s corporate culture was “actively hostile” to effective oversight. Gardephe said the plaintiffs may amend their complaint if they wish.
Gregg Levin, a partner at Motley Rice representing the lead plaintiffs, did not immediately respond to requests for comment.
Jennifer Vargas, an Avon spokeswoman, said the New York-based company does not discuss pending litigation.
Germany’s LBBW Asset Management Investmentgesellschaft mbH and SGSS Deutschland
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Vemma Europe “All In” Convention In Vienna, Austria
by Tina Williams • • 0 Comments
The weekend of 12-14 September belonged to Vemma Europe affiliates and fans. That’s when the company hosted its annual convention in Austria Center Vienna, where more than 4,200 attendees from all around Europe got together.
The convention came to life on Friday evening with an amazing kick-off party. The music, the energy, the huge crowd… it was unforgettable. The high point was when Vemma Europe launched its newest product — Verve ReMIX.
How will business be affected by this new addition to the Verve brand? In 2013, Vemma Europe sales have grown 56% in comparison to previous year. ReMIX is projected to boost European market even more, to reach $85 million dollars and 72% increase in sales.
Saturday and Sunday were devoted to training. World-renowned network marketing speakers including Darren Hardy and Michael Starachowitz delivered sessions to motivate and inspire. Then Vemma affiliates attended coaching sessions designed to help them take their business to the next level.
At the Vemma Convention in Vienna Tomasz Stanislawski was announced the new COO of Vemma Europe. The new Vemma Europe COO is an energetic leader with outgoing personality and many years of experience in affiliate marketing industry.
Here’s what he has to say about the 2014 Allin Convention:
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Team 4Life Athletes Receive Special Honors
by Nicole Dunkley • • 0 Comments
Team 4Life members Brady Stewart and Sam Madison have each received special honors in their athletic disciplines.
On September 16, Brady Stewart was placed on the Official 2015 USA Open World Bench Press Team. This is his 3rd time representing the United States in this capacity. Stewart joined Team 4Life in 2011 after becoming an avid consumer of 4Life products. That same year, he took Gold and set a new North American Powerlifting Federation (NAPF) Bench Press Record for his weight class at the IPF/NAPF North American Regional Bench Press Championships sponsored by 4Life.
On September 22, The Miami Dolphins inducted Sam Madison into the team’s Ring of Honor or Walk of Fame. As reported by Alex Schlinsky of fansided.com: Sam Madison had his name “forever engraved in front of Sun Life Stadium, joining the likes of Dan Marino, Kim Bokamper, Bob Griese, and many more.”
Sam Madison, who joined Team 4Life in 2012, is a four-time Pro-Bowler, three-time All-Pro, and Superbowl champion. He played for three seasons with the New York Giants and nine seasons with the Miami Dolphins. Today, he’s a sports commentator who dedicates much of his time to encouraging and supporting youth athletics.
Sam Madison: “It’s an honor to represent
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Talk Fusion CIO Recognizes WebRTC As Cutting Edge Technology
by Nicole Dunkley • • 0 Comments
As Talk Fusion Director of Information Technology and CIO, Dr. Jonathan Chen has remained actively attuned to the latest advances and breakthroughs on the Internet, especially concerning live video broadcast technology. With the advent of open source WebRTC protocols, Dr. Chen came to a staggering conclusion: this browser-based real-time communication technology would revolutionize Internet video.
Dr. Chen immediately began work on adapting WebRTC into Talk Fusion video products.
“When the Internet era started, I sensed a revolution; not just in technology, but in human life and world affairs,” Dr. Chen reflects. “The concept of WebRTC had the same initial impulse on me as the Internet itself – the same wave of revolutionary potential. WebRTC will not only change how people communicate on the Internet, it will change how people communicate period.”
Using the power of WebRTC, Dr. Chen and his expert programmers began fervently crafting Talk Fusion products that allow Customers and Associates to host a multitude of online video communications, such as Internet video conferences or WebRTC video chat. “We realized how critical it was to proactively engineer our own fundamental systems. In doing so, we came up with three unique, ingenuous techniques for which we have filed patent protection.”
Getting the jump
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Home Party Companies Are Making Waves In The U.S.
by Tina Williams • • 0 Comments
Helaine Olen, contributing editor at Pacific Standard and author of Pound Foolish talks about how home party companies are making waves, specifically in Silicon Valley:
The invitations began arriving shortly after I moved back to my native New York City in 2012. They all sounded eerily similar. Each offered a chance to spend some fun, quality time in an intimate setting with a few fellow moms—or “the girls”—while some sort of product, usually but not always clothing, was “shared.”
One of them beckoned me to a “trunk show” of jewelry and accessories by the company Stella & Dot, to be held at an Upper West Side brownstone. Another offered “a chance to share girlfriend time, refreshments and shop [sic]” for garments bearing the Ruby Ribbon label, a clothing and undergarment line.
A little Googling confirmed my suspicion: Like Amway and Mary Kay, these newer companies are multi-level marketing programs. Which is to say they offer their salespeople two ways to make money: by selling products directly to friends and neighbors, and—far more efficiently—by selling friends and neighbors on the idea of becoming salespeople themselves, and collecting a commission on their recruits’ earnings.
Suffice it to say, this was not exactly what I expected from a
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SPX Nutrition Achieves Phenomenal Growth In First Four Months Of Business
by Tina Williams • • 0 Comments
SPX Nutrition launched on May 16, 2014 with network marketing industry veterans Rick Wall, CEO, and Tracie Duke, COO, at the helm. In
four short months, customer and distributor sales have greatly exceeded original projections.
“We are having good, strong growth due to our effective products, unmatched compensation plan and passionate Independent Professionals (IPs),” said Wall.
SPX Nutrition currently offers three products, including the original Nutri-Thin, the most effective weight loss product on the market. Rounding out the product lineup is Nutri-Cleanse, a gentle and effective detox formula and Sea Veg with Vitamin D and Sea Cal, a whole food multi-nutritional supplement. SPX Nutrition prides itself on offering effective, safe, all natural, gluten-free and non-synthetic health supplements.
Along with supplements that help improve health and wellness, SPX has an unmatched 90-Day Weight Loss Challenge that pays participants between $100 and $600 for losing 20 pounds or more. The compensation plan for Independent Professionals is a hybrid Unilevel plan geared towards paying higher commissions up front enabling them to get into profit quickly yet providing substantial residual income as well. “We are so excited for the future. We have the best products and Independent Professionals.
They make this company, and the sales will continue to reflect their efforts and enthusiasm,” said Duke. The first round of participants from
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Miche Bag Launches New Campaign
by Tina Williams • • 0 Comments
Many businesses, organizations, and individuals have supported the fight against cancer. Miche Bag, LLC has launched a campaign to their distributors to partner with cancer groups that work with cancer patients.
Local Miche distributors Susan and Elton Halcomb have chosen the Rush Memorial Hospital Sheehan Cancer Center and they have graciously provided beautiful “Hope” handbags for the female cancer patients. The Halcomb’s have donated 96 handbags to bring a little cheer to the RMH cancer patients.
“I am so grateful to God that this company is compassionate and supports those patients and families fighting cancer. It is our pleasure to show our support and bring a little sunshine to their lives through a gift of our Miche handbag,” Susan Halcomb said.
Erin Pike, RMH Oncology Director continued the sentiment, “This is such a wonderful surprise. Our department thanks Miche and the Halcombs for sharing with us and making the lives of our cancer patients a little brighter as they go through treatment.”
Breast Cancer continues to be the most common type of cancer found in women in the United States and it is the second leading cause of cancer death among women age 40-59. This means that 1-in-8 women will develop breast cancer in
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Direct-Selling Featured In The Guardian
by Tina Williams • • 0 Comments
For women in post-war 1950s Britain, invitations to parties at their friends’ houses started to come thick and fast. Tea and cakes were dished out – and so were plastic boxes. The aim of the hostess was to sell an innovative brand that had come over from the US and still survives today – Tupperware.
Fast forward 60 years and ladies (and to a lesser extent, gentlemen) are still being invited to parties with a hidden agenda – but now they can find themselves coming home with anything from a £16 mango wedger (courtesy of Pampered Chef) to a £145 statement necklace (Stella & Dot).
Parties where your host tries to flog you anything from wine to knickers now account for 35% of direct selling – the name given to the practice where someone sells you something outside of a shop environment.
This slice of the market has more than doubled from 14% five years ago, according to new figures from the Direct Selling Association (DSA). “Direct selling parties are social occasions where you can buy in a leisurely manner from a friend rather than a shop you have no connection to,” says Lynda Mills, director of the DSA.
“The increase in the parties
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Arbonne Expands Its Line
by Tina Williams • • 0 Comments
Arbonne International, LLC (Arbonne) today launched its newest offering in their growing line of nutritional formulas: Arbonne Essentials Greens Balance. Each scoop of the Greens Balance is the equivalent of one serving of vegetables.
The vegan-certified fruit and vegetable based formula features Arbonne proprietary blends of Greens, Yellows, Reds and Blues plus an Omega-3 Seed Blend from chia, flax and quinoa.
“We are excited to introduce this power-packed, super-charged nutrient blend of Mother Nature’s premium greens”
“We are excited to introduce this power-packed, super-charged nutrient blend of Mother Nature’s premium greens,” said Michael D’Arminio, Arbonne Sr. VP and Chief Creative Officer. “Greens Balance delivers a targeted selection of phytonutrients and antioxidants from fruit and vegetable concentrates in a single scoop. And you can seamlessly add it to your everyday, on-the-go lifestyle.
Arbonne Essentials is all about supporting a more balanced, healthier diet with easy, truly healthful solutions that taste great and are good for you,” explained D’Arminio.
Benefits
Includes alkaline-forming fruits and vegetables.
Supports the alkalizing effects of a diet high in fruits and vegetables.
Supports gastrointestinal health.
Whole food powders, supplying antioxidants and phytonutrients.
1 serving of vegetables per scoop.
Delivers polyphenols, chlorophyll and antioxidants.
Supports healthy acid and alkaline (pH) balance*.
Low sugar, low sodium, allergen-free.
*In the context of
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Xyngular Named 2014 Emerging Elite
by Tina Williams • • 0 Comments
MountainWest Capital Network has named Xyngular as one of its top 15 businesses in the 2014 Utah 100, Emerging Elite.
MountainWest Capital Network (MWCN) announced the 20th Anniversary list of the Utah 100, an awards program which recognizes the 100 Fastest Growing Companies in Utah, as well as select Emerging Elite companies. Xyngular was named in the 2014 Emerging Elite category.
Rankings for each category will be announced at the MountainWest Capital Network’s Utah 100 Awards Luncheon, set for Tuesday, October 21st at the Grand America Hotel in Salt Lake City, Utah.
“We’re thrilled to be recognized as one of Utah’s Emerging Elite. Xyngular’s success has been driven by amazing people and the combination of great products and social marketing.” – Russ Fletcher, CEO
Xyngular is about changing lives by helping people look better, feel better, and live better.
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital.
“We are excited to celebrate the 20th anniversary of the MountainWest Capital Network Utah 100 Event with one of the strongest groups of companies we have recognized,” said Reed Chase, president of MWCN. “Greatness is inherent in these companies, and