Tag Archive for business news

Hot Business News Today

ViSalus Founders Buy Back The Company From Blyth

by  •  • 0 Comments

 
Congratulations to the ViSalus Founders, that is “All In” ! Ted Nuyten
ViSalus, Inc, the weight-loss and fitness company known for its mission of Challenging the World… 10 lbs. at a Time through the PROJECT 10TM Challenge, a personal health and lifestyle transformation platform, announced today that its Co-Founders and key stockholders have reached an agreement in principle to complete a transaction with Blyth, Inc. (NYSE: BTH) in which all shares of ViSalus redeemable convertible preferred stock will be exchanged for ViSalus common stock.
ViSalus’ Founders’, employees’ and early stockholders’ ownership of ViSalus will increase to 90%.
Blyth will continue to be an equity holder, retaining 10% of ViSalus common stock. The transaction will also eliminate ViSalus’ obligation to redeem approximately $143 million of its preferred stock, most of which is owed to the company’s three Co-Founders, as well as Blyth’s guarantee of that obligation.

“The Co-Founders and I are very excited to go ‘all in’ on a business that we started and the future prospects of which we believe in wholeheartedly.
I am also personally grateful to the Goergens and to Blyth for nearly 10 years of mentoring and support,” stated Ryan Blair, ViSalus Co-Founder and CEO.

ViSalus Co-Founder and Global Ambassador Nick Sarnicola, and ViSalus Co-Founder

Read more...

Hot Business News Today

Juliana Benner Is Seven Point 2′s Newest Black Diamond, Earning $25,000 Bonus

by  •  • 0 Comments

 
 
SevenPoint2 is led by the Jason Boreyko – CEO (photo) and Dr. Howard Cohn – CPO. The company pre-launched in Newport Beach, California on October 1st, 2011. SevenPoint2 has its head offices in Newport Beach, California, USA. Seven Point 2 is a health and wellness network marketing company that focuses on body alkalinity, believing this is the formost important step in being healthy. 
Jason Boreyko served as CEO & Co-Founder of New Vision International. Under his leadership New Vision was the fastest growing Network Marketing Company in the world and reached $100 Million in Sales in just 13 months. It went on to generate over 1.4 million members and moved over 1 billion in total sales.
Their product ingredients are the highest-quality certified organic ingredients, 100% free of allergens and artificial ingredients. They were also one of the first network marketing companies to offer gluten-free, dairy-free, soy-free, sugar-free, whole food, raw organic, vegan, non-GMO products. A step that many companies have yet to make.
SevenPoint2 primarily believes that maintaining an inner pH of 7.2 is the key to a healthy lifestyle and as such their products reflect this. The company markets a range of products designed to help achieve what they call an alkaline lifestyle.
Recently Seven Point 2

Read more...