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Hot Business News Today

Stemtech Expands Global Reach With New License Agreement In Africa

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Stemtech Corporation (OTCQB:STEK), a leading innovator in patented stem cell nutrition health products, announces a significant milestone in its global expansion strategy with the signing of a license Agreement with an established direct sales company, based in Kenya.
The Agreement, effective January 29th, 2024, grants the license to purchase, use, market, and distribute Stemtech’s cutting-edge health related products within the designated Territory(s), including Kenya, Uganda, Tanzania, Ghana, Democratic Republic of Congo and Nigeria.
This strategic move represents Stemtech’s commitment to reaching new markets and introducing its patented stem cell nutrition, skin care and oral care products to new markets. The licensing agreement includes the distribution of StemRelease3™, StemFlo Advanced®, MigraStem™, OraStem™, and Cellect One™ Rapid Renew Stem Cell Peptide Night Cream.
John W. Meyer, President & COO of Stemtech Corporation, expressed excitement about the expansion, stating,

“We believe that this partnership marks a significant opportunity for Stemtech to establish brand recognition in key African markets and contribute to the overall health and wellness of the region.
We are confident that our stem cell nutrition products will make a positive impact and contribute to the growth of the wellness industry in Africa. Distributors will benefit from additional income for the current network marketers already engaged through

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SEC Asked USA Court To Dismiss iX Global Case

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The SEC stated to the USA Court in a response on January 30, 2024.
“For the foregoing reasons, and those in the Commission’s Response to the Order to Show Cause (Dkt. 233), the Commission respectfully submits that sanctions are not warranted and that the Court’s Order to Show Cause (Dkt. 215) should be discharged.”
For the reasons given in the Commission’s Response to the Order to Show Cause, the Commission respectfully submits that the statements identified in the Order to Show Cause do not warrant sanctions under Rule 11 or the Court’s inherent authority. (Dkt. 233 at 8-20.)
While the Commission recognizes that its attorneys should have been more forthcoming with the Court, sanctions are not appropriate or necessary to address those issues. Significantly, the Commission is continuing to take steps to address the issues the Court identified and to identify any other issues that may warrant further consideration.
As indicated in the Commission’s Response, experienced trial attorneys from the Commission’s Denver Regional Office have been assigned to this matter. (Id. at 1; see Dkt. 234-236.) That team is reviewing the allegations and evidence in this matter.
Given this ongoing review, the Commission has determined that the best way to proceed is to dismiss

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LifeVantage Q2 Revenue 2023 Down 3.8% To $51.6 Million

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its second fiscal quarter ended December 31, 2023.
Second Quarter Fiscal 2024 Summary*:

Revenue of $51.6 million, a decrease of 3.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, second quarter revenue was down approximately 3.4%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 10.0%. Excluding the negative impact of foreign currency fluctuations, second quarter revenue in Asia/Pacific & Europe decreased approximately 8.0%;
Net loss per diluted share was $0.05, versus net loss of $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.10, compared to adjusted loss per share of $0.07 a year ago; and
Adjusted EBITDA increased 289.0% to $3.1 million.
* All comparisons are on a year over year basis and compare the second quarter of fiscal 2024 to the second quarter of fiscal 2023, unless otherwise noted.

“We delivered significant year-over-year improvement in profitability during the second quarter as our LV360 initiatives continued to gain traction,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.
“Adjusted EBITDA increased 289% to $3.1 million

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Lorena Gil Garza Achieves Elite Rank of Rock Star In Her First Month At Velovita

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Velovita, a true leader in the health and nutrition biohacking space continues its global expansion into Latin America. Customers and members alike are raving about the nutritionally designed products with delicious flavors, all-natural dietary friendly ingredients (for the non-GMO, Keto, and Vegan enthusiasts) and most importantly, the instant gratification.
Velovita’s convenient and fun to use “snap” products and its EMF defense pendant tuün have been taking the world by storm one “snap” at a time, catching the eyes of some of the industry’s top leaders including Ms. Lorena Gil Garza.
Velovita’s growth in Mexico continues to increase in monumental numbers and Lorena is leading the pack, reaching the elite rank of “Rock Star” in her very first month of joining Velovita. This is proof that hard work, dedication, and epic products build the foundation for bountiful success in the direct sales industry. How does Lorena feel about global expansion?

“For me, having the possibility of developing my business in other countries was fascinating because since I was a child it has been one of my dreams to travel, to learn about other cultures and languages, and to be part of a global movement where I can do my part in every place that

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USA Justice Department Charged HyperFund Sam Lee, Rodney Burton and Brenda Chunga

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Three Individuals Charged for Roles in $1.89B Cryptocurrency Fraud Scheme.

The Justice Department today announced charges against two individuals and the guilty plea of a third individual for orchestrating a $1.89 billion cryptocurrency fraud scheme.

Sam Lee, 35, an Australian citizen residing in Dubai, United Arab Emirates, was charged in an indictment unsealed today for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation.
Rodney Burton, 54, of Miami, and Brenda Chunga, 43, of Severna Park, Maryland, were promotors of HyperFund.

“The defendants are charged with defrauding investors to the tune of $1.89 billion. As alleged in court documents, the defendants falsely represented that investors would receive substantial returns paid from cryptocurrency mining operations, which did not in fact exist,”

said Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division.

“With our partners in Homeland Security Investigations and IRS Criminal Investigation, we are committed to uncovering sophisticated frauds involving cryptocurrency and digital assets and bringing those who perpetrate them to justice.”

“The level of alleged fraud here is staggering,” said U.S. Attorney Erek L. Barron for the District of Maryland.

“Whether it’s cryptocurrency fraud, or any other financial frauds, if it sounds too good to be true, it probably is. This office

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From CEO to Earn.World Star: Mehmet Akçay’s Family-Centric Success

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Mehmet Akçay’s entrepreneurial journey from CEO to Earn.World star reflects the transformative power of network marketing.
Embracing network marketing
The leader’s journey has been a captivating evolution from a detergent factory intern to a prominent figure in the network marketing industry.
Born in 1984 in Izmir, Mehmet worked at a detergent factory as an intern at the age of 18, and he continued this job for approximately 7 years.
During this period, he engaged in various business ventures to contribute to his income. Due to his love for an active social life and business, he opened a travel agency. 
While things were going well, he was introduced to network marketing through the invitation of a close friend.

“I never thought that I could make money by doing network marketing. In fact, there was a period when I vehemently rejected this idea.
However, as my traditional business grew, I realized that I was a “time-poor” person.
I couldn’t work at this pace until the end of my life. I wanted to spend more time with my wife and children and explore the world.”
said Mehmet.
Transitioning for freedom 
Feeling the need to spend more time with his wife and children while desiring the flexibility to explore the world,

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ByDzyne’s Angie Sandoya from Ecuador Achieves 2-Star President

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Rising stars are making waves at ByDzyne yet again. Although just 26 years old, the company’s newest 2-Star President from Ecuador, Angie Sandoya, has emerged as a promising leader with tremendous influence and an infectious zeal for helping others succeed. 
*A 2-Star President generates over $400,000 USD of sales revenue in two weeks or less. 
Before venturing into network marketing, Angie was a language teacher, utilizing her passion for education and communication. However, her career took a new direction when she entered the network marketing industry five years ago.
Since then, she has embraced the challenges and opportunities that come with building a network marketing business and believes she is in the right place to grow and build for the long haul. 
“I chose ByDzyne as my network marketing vehicle because it is a company with an executive team with many years of industry experience.
It is always in constant innovation and improvement in its products and services, and I have realized that ByDzyne does not follow trends, it creates them.
I am extremely grateful for the executive team’s unconditional support and for genuinely caring about each and every one of us distributors.
They show us every day that they are here to

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La ecuatoriana Angie Sandoya, de ByDzyne, logra ser Presidente 2-Estrellas

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Las estrellas emergentes vuelven a causar sensación en ByDzyne.
Aunque sólo tiene 26 años, la nueva Presidente 2-Estrellas de la empresa, Angie Sandoya, de Ecuador, se ha convertido en una prometedora líder con una enorme influencia y un contagioso entusiasmo por ayudar a los demás a alcanzar el éxito. 
*Un Presidente 2-Estrellas genera más de 400.000 USD en facturación en dos semanas o menos. 
Antes de aventurarse en el marketing de redes, Angie era profesora de idiomas, aprovechando su pasión por la educación y la comunicación. Sin embargo, su carrera tomó una nueva dirección cuando entró en la industria de las redes de mercadeo hace cinco años.
Desde entonces, ha aceptado los retos y oportunidades que conlleva la creación de un negocio de redes de mercadeo y cree que se encuentra en el lugar adecuado para crecer y construir a largo plazo. 
“Elegí ByDzyne como mi vehículo de marketing en red porque es una empresa con un equipo ejecutivo con muchos años de experiencia en el sector.
Siempre está en constante innovación y mejora de sus productos y servicios, y me he dado cuenta de que ByDzyne no sigue las tendencias, las crea.
Estoy muy agradecido al equipo ejecutivo por su apoyo incondicional

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Zurvita Inc. Appoints Alex Hoffmann to President

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Zurvita, functional food leader of clean, all-natural, innovative nutritional products has hired Alex Hoffmann, as their new President for  Zurvita Inc.
Hoffmann is an industry veteran, with over thirty years of experience both as a corporate executive and top leader in the field.
He brings an impressive proven track record of building profitable markets in Latin America and developing successful teams nationwide for leading companies such as Nu Skin Enterprises, Isagenix, and Plexus Worldwide.
As President, Alex will be responsible for leading sales, field and business development efforts for Zurvita Inc. across all existing and future markets.
“We are excited to welcome Alex to our executive team.
He is passionate about people, and he understands the impact of leading by example devoting his career to developing and empowering people to reach for more.
This is in line with our commitment and focus of being a company of provision, empowering people to take control of their health and happiness,”
says Zurvita Holdings, Founder and CEO Jay Shafer.
“With his knowledge and proven track record in both corporate and as a field-leader, we believe Alex is well positioned to lead Zurvita’s Consultants towards maximizing their potential for growth.”
Having first-hand experience, not once but twice, of what it

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Zinzino And ACN, Enter A Strategic Partnership In Europe

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Zinzino and ACN, enter a strategic partnership in Europe, and in connection with it Zinzino carries out a directed new issue of B shares for SEK 10.4 million.
Zinzino, the global health and wellness brand from Scandinavia, has entered into a strategic agreement in Europe to partner with North American ACN, a direct seller of telecommunications, energy, and essential services for homes and businesses, which has decided to wind down its direct selling operations in Europe.

The agreement between the companies includes that Zinzino takes over the rights to ACN’s European distributor database register free of charge, which will in the future be integrated with Zinzino’s existing technical platform.

The strategic partnership for Europe is expected to create growth through the synergies that arise in the joint networks. In connection with the agreement, ACN has expressed a desire to invest USD 1m in Zinzino through its holding company Manna Holdings, LLC (“Manna”).
Strategic Partnership
This is a strategic and important step in Zinzino’s growth plans, focused on improving personal health and wellness on a global level with cutting-edge biotechnology, health testing, and a cutting-edge product portfolio distributed through direct sales.

“A visionary mindset, tech-first perspective, test-based nutrition, and a strong position to capitalize on current

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