Organo Gold, the gourmet coffee company that caters to consumers active lifestyles, today announced its entry into the brewed coffee category with the launch of its single serve BrewKupTM, the first OG product endorsed by Greg Norman, Former World #1 golfer and global entrepreneur. Norman and his company, Great White Shark Enterprises, entered into a global partnership with Organo Gold in October 2013.
“Entering into the brewed coffee category is a natural step in Organo Gold’s evolution,” stated Bernardo Chua, Chief Executive Officer and Founder of Organo Gold. “As we continue to expand our global footprint and extend our brand reach, it’s critical that our Distributors and customers have product options that are in keeping with OG’s lifestyle commitment.”
“The BrewKupTM addition to the Organo Gold product line is a natural fit with OG’s global culture — offering choice, convenience and simplicity and I am excited to be a part of this new energy within Organo” added Greg Norman.
BrewKupTM is Organo Gold’s single cup brewing system that is designed for use in most popular single-serve coffee makers. Organo Gold enters the market with two exclusive product collections infused with Ganoderma: Black Gold and Premium, which includes both Toasted Hazelnut and Chocolate Almond.
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USANA Q2 Revenue $188 Million
by Ted Nuyten • • 0 Comments
Second quarter net sales of $188.3 million; EPS of $1.36
Associate growth of 11.4%
Company repurchases 682,000 shares under program during second quarter
Company reiterates 2014 net sales and earnings outlook
Company announces promotion of Kevin Guest to President
SALT LAKE CITY – Jul. 29, 2014– USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal second quarter ended June 28, 2014. The Company also reiterated net sales and earnings guidance for 2014.
Financial Performance
For the second quarter of 2014, net sales decreased slightly to $188.3 million, compared with $189.1 million in the prior-year period. Net sales, on a comparative basis, were negatively impacted by: (i) $7.0 million of incremental sales in the second quarter of 2013 that occurred ahead of policy changes, which included restricting Associate purchases to their country of residence; (ii) $3.3 million from unfavorable changes in currency exchange rates, and (iii) price discounts that the Company implemented in 2013. The number of active Associates for the second quarter increased 11.4% year-over-year, and 6.8% sequentially, largely as a result of the initiatives implemented by the Company in 2013.
Net earnings for the second quarter were $19.3 million, compared with $24.2 million during the prior-year period. This decrease resulted from lower gross
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Zeek Rewards Leaders Outside The USA Will Face Legal Proceedings
by Ted Nuyten • • 0 Comments
How the Zeek Rewards Receivership intends to go after Zeek investors who are outside of the USA, has made clear in his status report for the second quarter of 2014.
Receiver Kenneth Bell:
Counsel for the Receiver prepared a request for proposal, which it distributed to a select number of law firms in countries where the largest ZeekRewards net winners reside.
The Receiver Team has been in discussions with multiple overseas law firms regarding the logistics, strategy, and costs involved with pursuit of net winners residing in these firms’ various countries.
Claims against foreign net winners will likely be grouped by the country in which these individuals reside, with some actions being initiated here in the Western District of North Carolina and other actions being filed in the foreign net winners’ home countries.
The Receiver is evaluating the most efficient means of pursuing these individuals that will generate the greatest possible return for the Receivership Estate.
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Herbalife Q2 Earnings – $1.3 Billion Revenue + 7%
by Ted Nuyten • • 0 Comments
Herbalife Ltd. Announces Second Quarter 2014 Results and Raises 2014 Earnings Guidance
Second quarter worldwide volume growth of 5 percent compared to the prior year period.
Adjusted1 EPS of $1.55 increased 10 percent compared to the prior year. Reported EPS of $1.31 primarily reflects the impact of the non-cash costs associated with the convert and other items.
Raising FY’14 adjusted diluted EPS guidance to a range of $6.17 to $6.32.
Repurchased $581 million or 9.8 million shares during the quarter.
Herbalife Ltd. (NYSE: HLF) today reported second quarter net sales of $1.3 billion, reflecting an increase of 7 percent compared to the same time period in 2013 on volume point growth of 5 percent. Adjusted1 net income for the quarter of $141.4 million, or $1.55 per diluted share, compares to 2013 second quarter adjusted net income of $150.7 million, or $1.41 per diluted share. On a reported basis, second quarter 2014 net income of $119.5 million, or $1.31 per diluted share compares to $143.2 million, or $1.34 per diluted share for the same period in 2013.
“Herbalife has once again delivered strong results in sales and profitability while demonstrating our continued ability to enhance our earnings per share,” said Michael Johnson, Herbalife’s chairman and CEO. “Our
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Ted Nuyten and Dini Noorlander Coming To America
by Ted Nuyten • • 0 Comments
We will be touring 6 weeks through the USA in November, interviewing Network Marketing top earners, CEO’s and corporate executives.
If you want to meet us, we will be attending 3 generic MLM events:
Art Jonak’s Direct Selling Mastermind event in Orlando, Florida from 31 October – 2 November. We will stay in the The Renaissance Hotel, 6677 Sea Harbor Drive, Orlando, Florida.
Eric Worre’s Go Pro event in Las Vegas, Nevada from 20-23 November. We will stay in the Wynn, 3131 Las Vegas Boulevard, Las Vegas.
MLM Cruise 2014 sailing out from Tampa, Florida from 30 November – 7 December to Costa Maya, Belize, Roatan, and Grand Cayman.
It is our goal to shake hands with 1,000+ MLM professionals
Let’s meet?
About Business For Home.org
The Business For Home.org website is an initiative of Ted Nuyten, CEO and Chairman of the Business For Home Foundation, which is established in the Netherlands under Dutch law.
Ted is a happy user of several outstanding Direct Selling products such as: Cosmetics, Liquid vitamins, Shakes, Jewelry, Internet Marketing courses and Health related stuff
Approximately twice a week there is a mailing to 46,900+ worldwide double opt-in subscribers and we share articles through the Business For Home Facebook Business
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Vox Media: Herbalife Science Is Definitely Garbage
by Ted Nuyten • • 0 Comments
Vox Media is one of the USA’s largest and fastest growing online publishers. Based in Washington DC, Vox owns and operates sites in distinct vertical categories: general news, sports, technology & culture, gaming, dining & nightlife, shopping & fashion, and design & real estate.
According to Vox:
On the Herbalife website, there’s a section dedicated to “science videos,” where various company stakeholders boast that they “guarantee the very best science” behind their products, which are all “science proven.”
Dig a little deeper, however, and it seems the evidentiary underpinnings of Herbalife’s wares boil down to only four very weak studies that can barely be called science, let alone the “very best science.” If this is Herbalife’s prime research and development, then the company’s science is definitely garbage and customers should question the health claims on its products.
A look at Herbalife’s clinical trials
On a dedicated science website, Herbalife cites four clinical trials to prove the safety and effectiveness of its products:
1) The first clinical study compares weight and fat loss in two groups of obese men and women: the first went on a diet involving protein enriched Herbalife meal-replacement shakes; the second dieted with a standard Herbalife shake. While the study shows that both groups
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Dennis Bay – World Ventures Hits $1 Million In 12 Months
by Ted Nuyten • • 0 Comments
Dennis Bay from Sinagapore made over 1 million dollars USD in the past 12 months as World Ventures distributor. On his website Dennis stated:
“Dennis graduated from the National University Of Singapore in 2002 with a Bachelors Degree in Computer Science. While in school, Dennis read a book called “Rich Dad Poor Dad” by Robert Kiyosaki and that set him off on the path of entrepreneurship. ”
He started his own web design business part time and also started a network marketing wellness home business. Before he graduated, he had already built a 6 figure annual income from his businesses at the age of 23.
Dennis travelled the world teaching people how to start their home based businesses, coaching thousands of people throughout Asia, from Singapore to Malaysia, Indonesia and all over Greater China. He even started his own online business club that coached thousands of people from over 40 countries.
I’m actually the 1st Director in the entire Asia for Worldventures which is a multimillion dollar travel marketing company from the USA.
About WorldVentures:
WorldVentures is the leading international direct seller of vacation club memberships. WorldVentures is on a mission to help people achieve more fun, freedom and fulfillment in their lives, and to
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Nu Skin Publishes Average USA Distributor Earnings
by Ted Nuyten • • 0 Comments
According to Nu Skin:
In 2013, the Company paid approximately $143,266,000 in commissions to Distributors residing in the United States.
There are two fundamental ways in which a Distributor can earn compensation:
Through retail markups on sales of products purchased at wholesale prices; and
Through commissions (sometimes called bonuses) paid on one’s product sales and the sales of other Distributors in one’s downline sales network. As with any other sales opportunity, the compensation earned by Distributors varies significantly and is based upon the time Distributors devote to the business, etc. The cost to become a Distributor is very low.
People become Distributors for various reasons. Many people become Distributors simply to enjoy the Company’s products at wholesale prices. Some join the business to improve their skills or to experience the management of their own business. Others become Distributors, but for various reasons, never purchase products from the Company.
Consequently, many Distributors never qualify to receive commissions. Generating meaningful compensation as a Distributor requires considerable time, effort, and commitment. This is not a get rich quick program. There are no guarantees of financial success.
The average commission paid to U.S. Active Distributors each month was $176.00, or $2,112.05 on an annualized basis. In 2013, the average monthly
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Lawsuit: Nu Skin Paid MLM Compensation To Chinese Distributors
by Ted Nuyten • • 0 Comments
Several former Chinese distributors of Nu Skin Enterprises, Inc. claim the marketer of skin care and nutritional supplements authorized sales representatives to earn compensation on their “downline” network in violation of the country’s regulations, according to a consolidated putative class-action complaint that was filed last month in Utah federal court against Nu Skin.
Nu Skin misled shareholders, orchestrating a “massive expansion in China knowing that Nu Skin’s form of multi-level compensation violated many of China’s regulations on direct selling and prohibitions on pyramid schemes,” the lead plaintiff State-Boston Retirement System, a government pension plan, alleged in the 124-page lawsuit filed on June 30.
Plaintiffs in the consolidated complaint have requested certification of a class of shareholders who purchased Nu Skin securities including options between May 4, 2011 and January 17, 2014. The end of the class period roughly coincides with a precipitous decline in Nu Skin’s stock price (NUS: NYSE), following revelations that the Chinese government was investigating its business practices.
Plaintiffs have alleged violations of Section 10(b) of The Exchange Act and Rule 10(b)(5), and Section 20(a) of The Exchange Act.
“We continue to believe the allegations are without merit and intend to defend ourselves vigorously,” Nu Skin spokesperson Kara Schneck said. “Nu
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FTC In South Korea Reveals Average MLM Incomes
by Ted Nuyten • • 0 Comments
The South Korea FTC released information on the country’s multi-level direct marketing companies and their distributors.
Distributors at Amway in South-Korea made an average of 770,000 won ($760) last year, data by the Fair Trade Commission (FTC) showed Tuesday.
According to the data, the number of such companies has been growing steadily, to 106 last year from 67 in 2010.
These companies recorded 3.9 trillion won in combined sales last year, up 19.9 percent from the previous year.
They paid their distributors 1.3 trillion won as commission, but the income was concentrated on only a handful of them ? while the top 1 percent of the active distributors were paid on average 56.6 million won for 2013, the remaining 99 percent made 469,000 won on average.
The number of those who got commissions was 1.3 million, or 22 percent of the total registered as distributors at these multi-level direct sales companies.
Among the multi-level direct marketing companies in the country, Amway Korea is the biggest, with 1.1 trillion won in sales and 1.1 million distributors last year.
Among them, 456,797 got sales commissions totaling 353.3 billion won ? an average of 770,000 won each.
Herbalife in Korea, ranked as the second-biggest player in the industry, with 568.3 billion