Stream has proceeded with this weekend’s nationwide launch of Mobile Services at its Unleashed event in Las Vegas, in the face of grossly misrepresented and baseless legal allegations by Solavei made public late Friday afternoon.
“We’re thrilled to celebrate the nationwide launch of Mobile Services by Stream with our enthusiastic and committed Associates at Unleashed in Las Vegas.
We started in 2005 with a revolutionary concept, turning on the lights with our network of friends and family, and now our Mobile Services will bring even more people together in markets we haven’t been able to touch before,” said Mark “Bouncer” Schiro, Stream president and CEO.
Stream’s Mobile Services branch offers dependable cellular services within the continental United States. Available service packages provide reliable coverage, fast speeds and the latest technology—all without commitments or contracts. The program’s “Mobile Your Way” structure further allows consumers to take charge of their mobile usage and customize phone and data plans that fit their individual needs.
With the nationwide launch of Mobile Services and Stream’s existing suite of Protective Services, the company and its Associates now have no geographic restrictions within the continental U.S., creating endless opportunities for growth.
Schiro also dismissed the representations appearing in Solavei’s January 23rd press release concerning their judicial proceedings. “The reality is that, for whatever reasons, Solavei showed up
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MLM Investor TPG Capital Considered Buying Herbalife Last Year
by Ted Nuyten • • 0 Comments
If you are a corporate executive and you are looking for a very large MLM investor it seems TPG Capital is some times investing in the Direct Selling market
TPG is a leading global private investment firm with $65 billion of capital under management.
TPG Capital (formerly Texas Pacific Group) is one of the largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations.
TPG also manages investment funds specializing in growth capital, venture capital, public equity, and debt investments. The firm invests in a broad range of industries including consumer/retail, media and telecommunications, industrials, technology, travel/leisure and health care.
According to the New York Post:
Private equity giant TPG Capital seriously considered buying Herbalife last year — as part of an ongoing interest in the multi-level marketing industry, The Post has learned.
“They took a long look at Herbalife” one year ago, a source with direct knowledge of the situation said. TPG also considered buying Nu Skin, the source said. It is not known why TPG’s interest in Herbalife and Nu Skin ended without any investment.
Both companies have issues with regulators. Presently, TPG is reportedly looking at acquiring Avon — a
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Solavei Sues Stream Energy For Stealing Trade Secrets After Merger Talks
by Ted Nuyten • • 0 Comments
A Dallas District Court judge today blocked Stream Energy from using proprietary technology and information to launch a new mobile phone service after social commerce leader Solavei sued Stream for stealing trade secrets gathered during extensive merger talks.
Seattle-based Solavei sought the injunction to halt Stream and its marketing arm, Ignite, from using trade secrets and other intellectual property in launching a mobile phone service sold through an online direct-marketing platform – exactly the type of social commerce business pioneered and continuously innovated upon by Solavei. Stream’s mobile business was set to launch on Saturday, Jan. 24, 2015, at an event in Las Vegas.
“Without benefit of Solavei’s confidential information and the guidance and explanation provided during due diligence, Defendants could not launch this new business – particularly not in a matter of months,” the lawsuit states.
Solavei provides high-quality, low-cost and contract-free mobile phone service in the United States. The company’s core business strategy combines social media, referral marketing and mobile service.
Stream is a Texas company involved in the direct marketing of retail electric service. Senior Stream executives named in the lawsuit are Chairman Rob Snyder, CEO Mark “Bouncer” Schiro and CFO Renee Hornbaker along with top Stream associates who were bound by specific confidentiality agreements.
In
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Kannaway Acquired By Medical Marijuana
by Ted Nuyten • • 0 Comments
Medical Marijuana, Inc. (OTC Pink:MJNA), a leading industrial hemp industry innovator, is proud to announce that it has signed a definitive agreement to acquire 100% membership interest of Kannaway, LLC. The amount of the sale is undisclosed.
The valuation of Kannaway is in the range of $119.6-242.7 million.
The agreement is expected to take at least 90 days to close and will effectively make the cannabis-based network marketing company a wholly owned subsidiary of the first-ever publicly traded cannabis company.
Kannaway’s valuation was performed by none other than esteemed financial advisory and investment banking firm, Houlihan Capital. The firm has performed valuations for similar category creators including: Urban Outfitters, Redbox, Micros Systems Inc., LeapFrog Enterprises, Tootsie Roll Enterprises, U.S. Airways Inc., and more. Houlihan Capital is a Financial Industry Regulatory Authority (FINRA) and SIPC member, committed to the highest levels of professional ethics and standards.
“Quality, ethics and accountability are hallmark principles that are the foundation for each Medical Marijuana, Inc. company,” states Michelle Sides, Chief Operating Officer of Medical Marijuana, Inc. “We are thrilled at the addition of Kannaway to Medical Marijuana, Inc.’s investment portfolio as the Company’s leadership operates under the same beliefs.
Kannaway offers Medical Marijuana, Inc. shareholders a
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Jeunesse Celebrates Record Month In December With $61 Million In Sales
by Tina Williams • • 0 Comments
Finishes 2014 with over $400 Million in Sales Revenue
Jeunesse is celebrating its highest annual sales since the company’s inception, closing 2014 with record-breaking sales surpassing $400 million—a huge increase over its 2013 total of $256 million.
Continuing a streak of explosive growth in its fifth year since inception, Jeunesse achieved a record $61 million in sales in December, with 68,000 new distributors joining that month and over 6,500 on December 31st alone.
This new peak occurred only two months after its previous best month in October, when the company eclipsed $50 million in sales and welcomed more than 42,000 new distributors.
These record numbers cap a remarkable year of accomplishment for Jeunesse. A total of 367,000 distributors joined Jeunesse during the year, with 32 new Diamond Directors and 9 new Double Directors achieving the rank from 2014 alone. In April, Jeunesse won six American Business Awards, including Company of the Year, Corporate Social Responsibility Program of the Year, and Best Corporate Sales Video.
That same month, Jeunesse won twelve Telly Awards for their innovative, distributor-friendly marketing materials and ranked at #46 on Direct Selling News’ Global 100 List—a 32-spot rise from the previous year’s rankings. June 2014 heralded the company’s inclusion in
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USANA Has Joined Dr. Oz Show’s Trusted Partners and Sponsors
by Ted Nuyten • • 0 Comments
When it comes to supplements, there is a company America’s doctor trusts — USANA Health Sciences, Inc.
Announced today, the global nutrition company has joined the core of The Dr. Oz Show’s Trusted Partners and Sponsors.
“For the Dr. Oz Show to call any company a Trusted Partner and Sponsor, it must meet certain criteria. Chief among them is integrity. We’ve done our research and found USANA to be an outstanding company. One that offers cutting-edge products that we here at the show would feel comfortable recommending to our wonderful audience,” said Dr. Mehmet Oz, cardiothoracic surgeon and three-time Daytime Emmy Award-winning Host of the three-time Emmy Daytime Award-winning The Dr. Oz Show.
USANA began its relationship with Dr. Oz’s charitable foundation, HealthCorps, nearly three years ago with a common mission to fight for the health of America’s teenagers, especially in regard to weight issues. It is that mutual dedication to health that led to this new trusted partnership between USANA and The Dr. Oz Show.
“My relationship with USANA has grown into one of deep admiration and mutual respect. It is clear that USANA and I share a common vision to make a positive impact on the health of others. It’s a
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$250 Million MLM Company Is Expanding To USA And Is Looking For A GM
by Ted Nuyten • • 0 Comments
Sum Gui Consulting, an international direct selling consulting firm is now recruiting a General Manager for the new US subsidiary of a publicly traded Taiwanese MLM company.
This new company will compete in the massive US direct selling space.
Ken Dunn, Principal, Sum Gui Consulting said:
“Our client is an incredibly well capitalized international company that trades on Taiwan’s main stock market. The public company is a natural product developer with lines in several verticals.
The company has decided to begin operations in the US with an extremely unique simple product, but with a 20 year plan to create a replacement spending model. The client has already invested a significant amount of money in the US market and intends to become a dominant player”.
The company’s US headquarters will be based in Las Vegas, Nevada.
The GM will report to the Vice President of International Markets and be responsible for every facet of setting up the company in the US. The responsibilities include, but are not limited to:
Administration
Staff Selection
Local Product Selection
Contract negotiation
Vendor Selection
Leading a dynamic team
Presenting the business opportunity and sharing the vision with new prospects
The ideal applicant will read, write and speak Mandarin as well as English and have an understanding
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Vemma Announces Second Year Breaking $200 Million Worldwide Sales
by Ted Nuyten • • 0 Comments
For seven years, global wellness company Vemma Nutrition steadily climbed and in year seven, finally hit the coveted $100+ million a year mark. Now, after just completing its ninth year, Vemma is proud to announce its second consecutive year of sales exceeding $200+ million while achieving significant milestones for the company’s future growth.
“The year 2014 was a watershed one for Vemma. We invested over $15 million back on into our manufacturing infrastructure; created a new, 52,000-square-foot, state-of-the-art Home Office, and upgraded our IT systems to a robust new system supported by InfoTrax,” says Vemma Founder and CEO BK Boreyko.
“Now that we’re built out to reach $600+ million in sales, it’s time to get to work while continuing with our strategy to ‘Make Success Simpler’ in 2015.”
Now entering its tenth year, Vemma continues to expand its market reach both domestically and internationally. With new infrastructure in place in these critical areas and a focused vision, Boreyko says Vemma is poised to handle explosive growth in the coming years.
“We took our eye off the ball a bit last year while trying to stay ahead of our growth. Now we’ve refocused our leadership to get back to our core business, which is innovative nutrition,” explains Boreyko.
To deliver on this strategy of providing innovative nutrition, Vemma’s newest product, a high-protein, ready-to-drink meal replacement shake called Bode Build, will hit the market the week of January 26.
“This protein shake has 25 grams of protein and boasts only 12 net carbs.
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Zrii Celebrates Its Success In Peru With A Massive Event In Lima
by Ted Nuyten • • 0 Comments
Zrii celebrated its incredible success in Latin America with an event attended by thousands of people at The Jockey Club in Lima.
The company, which distributes health and wellness products endorsed by the Chopra Center for Wellbeing, welcomed more than 4,000 people to its official Peru Country Opening event.
The sell-out crowd packed the seats to hear from elite Zrii leaders, including 10-stars from Peru, who spoke alongside top Zrii corporate staff members, including Bill Farley, Zrii Founder & CEO; A.K. Khalil, President of Zrii; and Ricardo Sousa, V.P. of Latin American Sales.
One of the highlights of the event was a keynote speech by motivational speaker and bestselling author Chris Gardner, who is an official partner of Zrii. Mr. Gardner’s remarkable life story was the inspiration for the movie The Pursuit of Happyness starring Will Smith.
Following the country opening, a small group of prestigious Zrii leaders got the opportunity to meet and speak to Mr. Gardner in person, where they took photos, mixed and mingled over cocktails, and learned more about Mr. Gardner’s secrets for success.
The event was a nod to Zrii’s remarkable success in Latin America and the Peruvian market in particular, where growth has been in the triple digits year over
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Javita Experiencing Rapid Growth – Sales Up 150% in 2014
by Ted Nuyten • • 0 Comments
As Javita completes its third full year of business, its annual sales are up more than 150%.
With consistent monthly increases in the numbers of new customers and new members, Javita’s sales during 2014 more than doubled from the prior year.
Javita’s growth also means more Members are achieving elite leadership ranks, including five new Diamonds and others advancing to Blue Diamond, Royal Blue Diamond and Black Diamond.
In addition, there are currently more than 200 Members driving BMWs that are being paid for by the company as a part of Javita’s BMW Car Bonus Program.
“2014 was a great year for Javita,” said Javita President & CEO Stan Cherelstein.
“Our Customers and Members are enjoying our products, and many are realizing the financial rewards of the business.
It’s heartwarming to see our products and business positively impacting people’s lives.”
“We are still a small emerging company, but we are set on becoming much larger, with a global footprint. Our management team has over 150 years of industry experience and we understand what it takes to grow and manage a large direct sales business.
We just try to do what is right and make the best decisions for our Members,” Cherelstein said. “We