ViSalus and Other Preferred Shareholders Now Own Approximately 90% of ViSalusTransaction Extinguished 2017 Redemption Obligation
Blyth, Inc. today announced that it and the Founders and certain other preferred stockholders of its ViSalus network marketing subsidiary have completed the exchange of all of the Redeemable Convertible Preferred Stock of ViSalus for shares of ViSalus Common Stock.
On September 2, 2014, Blyth had announced that it and ViSalus’s Founders had reached an agreement in principle to effect the exchange which reduced Blyth’s ownership interest in ViSalus from 80.9% to approximately 10%, and increased ViSalus’s Founders and its other preferred stockholders ownership from 19.1% to approximately 90%.
In addition, the transaction extinguished the obligation of ViSalus to redeem the ViSalus Redeemable Convertible Preferred Stock on December 31, 2017 for an aggregate price of $143.2 million which obligation had been guaranteed by Blyth.
In connection with this transaction, Blyth amended the indenture governing its 6.00% Senior Notes due 2017 to provide for the mandatory redemption of the Senior Notes on the earlier of March 4, 2015 and the date, if any, that Blyth consummates a new financing. Cowen and Company, LLC acted as exclusive financial advisor to Blyth in connection with such amendment.
In addition, as a
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Lamia Bettaeib – Wor(l)d Global Network Top Earner Interview
by Ted Nuyten • • 0 Comments
Lamia Bettaieb from Tunisia is living in Dubai, United Arab Emirates, and is 11 times President Millionnaire in WOR(L)D Global Network. 11 times President Millionaire means that Lamia has earned over $3 million with her independent distributorship. She started 3 years ago with the opportunity.
Lamia has a team of 25,000 members with large groups in Europe and Asia and her estimated earnings are $250,000+ per month.
The company is in 5 of the industries active, Direct sales, Mobile Technology, Mobile Advertising, Video and VoIP Communications Renewable Energy.
WOR(l)D Global Network is a public company, headquartered in London and is in the process of become publicly listed in the UK.
Ted Nuyten had the honor to interview Lamia Bettaieb.
Lamia, how did you got into the Direct Selling industry, who invited you?
I have known the direct selling industry by browsing on the internet, because I was fascinated by the lifestyle achieved by successful entrepreneurs in this sector. In the wake of this enthusiasm, I could not give up the invitation of a friend to my first event, organized by a company belonging to the world of direct sales.
At the end of the presentation I quickly realized that that was my world and I decided
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Carribean Top Industry Leaders Joel Medina & Chris Marcano-Medina Join FG Xpress
by Ted Nuyten • • 0 Comments
Living in a developing country like Dominican Republic, Joel Media and Chris Marcano-Medina started as amateurs in network marketing in Organo Gold, the company that they call to be the blessing vehicle that changed their lives.
Amazingly Joel and Chris broke a record in the Caribbean Islands creating an organization from zero to Diamond volume in just 3 months and officially achieved and qualified the Diamond rank in only 6 months with the most quantity of achieved ranks in their downline leadership.
Faced with the many challenges of a rapid growth, it helped them raise the bar as leaders as they expanded internationally and decided to become network marketing professionals.
In their desire for reinvention, continued growth and development, they were given the opportunity to be mentored and work closely with two of the top earners of the industry to develop the FGXpress opportunity.
Joel and Chris expressed:
At first we weren’t very attracted because we didn’t think that the product could be of any impact, but after experiencing the great acceptance of the product we were amazed with the results. We started sampling people and came to see that everyone whom tried it for the first time was calling the next day for
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Top Industry Leaders Mike & Lyn Allen Join Jeunesse
by Ted Nuyten • • 0 Comments
Australia’s Mike & Lyn Allen, who were most recently Organo Gold’s only Blue Diamonds in Australia, have today announced they have moved to Jeunesse Global Australia and have already started rapidly building their new business with this fast growing company.
“Jeunesse Global is a perfect fit for our future goals and dreams, which is creating a lifestyle and income for us and our team along the way.
We have been studying Jeunesse very carefully for a while, and we have observed their phenomenal growth these past few years, and we especially love their culture. The time is right now to devote ourselves fully to this company that is out-performing anything else out there today,” says Mike.
Mike was first introduced to Direct Selling in 1983, and since that time he has risen to the top in many great companies within the industry including Herbalife, L’Arome, Mannatch, and Organo Gold. Mike and Lyn have earned over AUD$5 million in residual income through direct selling in their 30+ years.
“We spent 14 years with Mannatech, reaching and maintaining the position of Gold Presidentials – the only couple in Australasia to achieve this position! Since 2012 we have been with Organo Gold where we hit Black
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Global Wealth Trade Gaining Momentum In The USA
by Ted Nuyten • • 0 Comments
Marshall Nguyen is the youngest and first United States Ambassador for the Canadian direct sales company & luxury designer, Global Wealth Trade (GWT).
This award winning generation Y direct seller started his network marketing profession at age 20.
It was a rough landing as the company he launched his new MLM profession with was already a household name and after 3 years of building passionately and seeing limited results, Marshall decided to end his MLM career. Marshall:
“My first company was a good company with good products, however what I found after three years of total commitment was that beyond good products and compensation plan, TIMING AND MARKET SATURATION IS EVERYTHING IN MLM”. Its hard to promote an MLM/Direct Sales company that is already a house hold name and unlike traditional businesses, house hold name and branded companies are not an asset as it makes it very difficult to get candidates interested to even look at your opportunity.
Further with over 2000+ MLM companies now selling the “latest and greatest ” health products, the market is highly competitive which is the reason so many struggle in this industry to gain customers and new sellers”.
However the love of the MLM industry and
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Matt Morris – WorldVentures Top Earner Reports Growth
by Ted Nuyten • • 0 Comments
Matt Morris is one of WorldVentures’s top earners and an International Marketing Director. He is married to Rhonda Morris living in Dallas, Texas, USA and they have 3 children.
In his network marketing career, he has built organizations totaling over 500,000 representatives earning him millions of dollars.
He has been the Nr. 1 money earner for three separate companies in his 19-year career as well as the owner of his own personal development network marketing company which became the #1 most visited personal development website on the internet.
Matt joined forces with WorldVentures in June of 2009 after the company had been in business for 3 ½ years. WorldVentures, after less than six years in business, has now grown to one of the top 100 Direct Selling Companies worldwide enrolling over 100,000 customers in approximately 20 countries. A full interview with Matt Morris is here.
According to a post on Matt Morris Facebook:
“Just checked last week’s sales report – 8,405 new team members! IN ONE WEEK!
1 new National Marketing Director
1 new Regional Marketing Director
9 new Marketing Directors
19 new Directors
85 new Senior Representatives
We are on the march to a Billion in sales, and creating financial freedom for thousands of entrepreneurs around the world.
Make sure
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WakeUpNow $26 Million Revenue In First Half Year
by Ted Nuyten • • 0 Comments
WakeUpNow has published its Q2 report, and reports a revenue of $16,4 million, Q1 revenue was $9,7 million, so revenue is 70% up.
A small profit of $32,000 in Q2 while Q1 had a loss of $1,5 million.
WakeUpNow management stated:
“Though the Company’s current financial condition may cast doubt on its ability to continue as a going concern, management believes that its plan of operation, if successfully implemented, will generate sufficient earnings to both restore a stable financial condition and provide adequate returns to its shareholders”.
Postive factors:
“Management believes that its efforts to develop a robust product offering with a compelling value proposition will continue to attract distributors both in the United States and abroad”.
As risk factors WakeUpNow mention:
“State governments could attempt to tax our distributors as employees which would be devastating or fatal to our business.”
For instance, a staff member from the Utah State Tax Commission, has threatened to attempt to classify our distributors as employees and classify us as an employer of our distributors on the theory that our distributors are eligible for bonuses based on exceeding certain sales revenue goals.
“A substantial majority of our sales are via credit card and if we are unable to maintain relationships with
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The Most Popular In-House MLM Trainer Poll – 2014
by Ted Nuyten • • 0 Comments
Business For Home is organizing the The Most Popular In-House MLM Trainer Poll – 2014.
In-house trainers have the advantage of knowing the company first hand, often it are Top Earners, or Field Leaders with a proven record, sometimes CEO’s / founders.
An in-house trainer is a specialized skill development position in a company where the goal is to help improve the performance of the distributors. Motivators “pur sang”. Speaking in front of thousands.
An effective in-house trainer can remove Fear, Uncertainty and Doubt (The FUD factor) and is extremely valuable to the organization.
They are more likely to have a long-term relationship with the organization and continue to support skills improvement over time.
Please vote for your favorite The Most In-House MLM Trainer for 2014.
The poll will close October 15
You have 1 vote!
We love to have your facebook comments
Nominated are over 100+ Top MLM In-House Trainers
Please scroll down to vote and for the real-time score
You need to connect to your Facebook account to vote!
Did we miss your In-house trainer?
Please nominate below
(Maximum we list is 2 in-house trainers per company)
Preliminary nominees (without any particular order)
Holton Buggs
Organo Gold
Mark Smith
Nerium International
Nick Sarnicola
ViSalus
Tom Alkazin
Vemma
Bob Reina
Talk Fusion
Matt Morris
World Ventures
David Moses
Zija
Ramin Mesgarlou
Global Wealth Trade
Hedi
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Lyoness Responds To Ponzi Allegations In Australia
by Ted Nuyten • • 0 Comments
Lyoness Australia has issued the next statement:
“Lyoness rejects allegations raised by the ACCC, and will vigorously defend the proceedings commenced by the Commission on 28 August.
Lyoness is a shopping community, customer loyalty program and network marketing business.
Benefits are exclusively generated by shopping activities within the Lyoness community. Members receive benefits when they shop, whether they introduce other members or not. Lyoness members may introduce members and receive benefits when the new member shops in the Lyoness community, but no benefits come from the introduction alone.
Lyoness has been active for 10 years and in none of the 46 markets in which it is active has Lyoness been found guilty of or convicted for operating a pyramid scheme.
Over four million members take advantage of the Lyoness benefits at over 40,000 loyalty merchants around the world. In Australia, there are now 780 Lyoness loyalty merchants, including many small and medium sized enterprises.
Lyoness is committed to full compliance with the law and to dealing honestly with Australian consumers.
Daily business is not affected. This court action has no effect on Lyoness members, loyalty merchants or staff, and Lyoness may be contacted by them in the usual way.
Since the proceedings are before the court, Lyoness
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Hedi Khezrzadeh – Lessons From ALS Ice Bucket Challenge For Network Marketers
by Tina Williams • • 0 Comments
Hedi Khezrzadeh from the Middle east is Medical Doctor, Top Earner and Trainer in Network Marketing, is followed by 8,000+ Facebook fans, and shares the lessons that can be learned from the ALS Ice Bucket Challenge for Network Marketers.
Hedi:
It worked because it’s “Referral” marketing, because you ask people who you have influenced to donate or to dump a bucket of ice water on their head.
Seth Godin says, “The ideas that spread, win”. ALS (Amyotrophic Lateral Sclerosis) is not the leading cause of death in the world, it’s responsible for 2 out of 100,000 deaths every year and as many as 30,000 Americans have the disease at any given time. Malaria has been responsible for an estimated 627,000 deaths in 2012 and 207 million affected cases. Bill Gates has been advocating the awareness for Malaria for many years and has many videos, but the #ICEBUCKETCHALLENGE has been more effective because the way the information is being spread has been remarkable. Now people deal with an average priority illness as urgent because the way we have been spreading the idea has been nothing short of remarkable.
People want to be seen, they want to LEAD, they want to take part in a movement, they want to be different, that is why a lot of people try to