Randall White, CEO, Educational Development Corporation (“EDC”) (Nasdaq:EDUC) today announced record net revenues for the fiscal third quarter and the nine months ended November 30, 2014.
For the nine months ended November 30, 2014, EDC reports record net revenue of $24,923,000, a 23% increase of $4,715,400 when compared to $20,207,600 for the same period in the previous year and net earnings of $762,200 compared to $670,800. Earnings per share were $0.19 compared to $0.17 the previous year on a fully diluted basis.
Net revenue for the quarter ended November 30, 2014 was also a Company record $10,936,500 when compared to $8,502,000 for the same quarter last year up 29%, however net earnings were off slightly, down 4%.
The home business division, Usborne Books & More (“UBAM”), has now recorded 19 consecutive months of revenue growth after nine years of decline. Net revenues for the first nine months of fiscal year 2015 were up 39% over the same period in fiscal year 2014, and for this quarter up 49%. Reflective of this net revenue gain, the number of sales associates joining our organization March-November has more than doubled at 5,500 as compared to 2,600 over the same period last year. Our number of active sales consultants is up
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LIMU Showed Exceptional Growth & Success In 2014 With Over 100 Awards
by Tina Williams • • 0 Comments
LIMU shared their successes on their website yesterday morning:
It’s been a busy year here at LIMU. Our Promoters have had some of the biggest months in LIMU history (December 2014 was our biggest December EVER) and because of that, LIMU’s award-winning corporate team has been hard at work all year on a wide range of events, materials and digital content to make sure Promoters can keep Being More. To give you a little hint at just how much the LIMU did in 2014, check out the list below!
108 Awards for Marketing and Branding Excellence
• 9 Stevies – American Business Awards
• Including BLU 2 — “People’s Choice” for Best New Consumer Product of 2014
• 14 MarCom Awards
• 7 Davey Awards
• 9 W3 Awards
• 4 Telly Awards
• 7 Videographer Awards
• 8 Creativity International Awards
• 7 Summit International Awards
• 16 Communicator Awards
• 7 Hermes Creative Awards
• 6 AVA Digital Awards
• 12 Graphic Design USA: Design Awards
• 2 Graphic Design USA: Packaging Awards
24 New Videos
• At LIMU Anyone Can Win
• LIMU is About Changing Lives
• Revised Getting Started
• Revised Why LIMU
• An Experience Like No Other
• LIMU LEAN Success Profiles
• BLU2 Launch
• #YoPros Think Outside the Boss
• #YoPros Text Invite (x4 – Josh
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FGXpress Accelerates Business In Japan
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced Ron Williams, CEO and founder of ForeverGreen, as well as several other senior executives traveled to Japan to meet with top leaders and prepare for the expansion of business in the region.
PowerStrips, an FGXpress product listed with the FDA as a Class 1 Medical Device for the temporary relief of minor pain, has greatly increased in popularity in Japan, prompting the company to accelerate business in the county. Using all natural ingredients, PowerStrips can be mailed anywhere in the world and are marketed in 174 countries by a growing network of ForeverGreen members, making the product attractive to business owners, entrepreneurs and consumers across Japan.
Japan captures approximately one ninth of worldwide direct selling sales. ForeverGreen expects Japan to be a top producing country in 2015. “Japan is considered one of the big three markets in our industry,” Mr. Williams said. “It takes more time and resources, but the upside potential is worth the investment.”
Mr. Williams as well as Jeff Graham, President of North America, and other management met with top leaders to discuss how to improve logistics and advance ForeverGreen’s presence in Japan. According to Tomoko
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Mannatech Announces Official Launch In Spain
by Nicole Dunkley • • 0 Comments
Mannatech®, Incorporated, the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions and creator of the M5MSM (Mission 5 Million) social entrepreneurial movement, announced the official opening of its operations in Spain as of December 6, 2014.
The opening of operations in Spain brings Mannatech’s total global presence to 24 countries. To support this expansion, Mannatech has launched a fully functioning website which will allow Spanish Associates and Members to order and receive Mannatech products directly into Spain.
“Adding Spain to our European market was an essential and natural fit for Mannatech,” said Dr. Robert Sinnott, CEO and Chief Science Officer. “We have seen a demand for our products and business there that is unprecedented, and we believe that this initial launch will precede an era of long-term growth for this region.”
The launch of Spain signifies a continued season of expansion and growth for Mannatech, which recently celebrated its 20th anniversary. The company has targeted additional European markets for expansion following the addition of Spain.
About Mannatech
Mannatech, Incorporated, develops high-quality health, weight and fitness, and skin care products that are based on the solid foundation of nutritional science and development standards. Mannatech is dedicated to its platform of
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LifeVantage Opens Corporate Office In Hong Kong
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, announced the opening of a brand new, state-of-the-art office facility in the Empress Plaza, Hong Kong. This new facility was designed to provide a central location where Distributors can host business-building meetings and conduct training events.
We anticipate the office will also allow for a more expedited process for purchasing and receiving LifeVantage products in the Hong Kong region. The opening of the corporate office in Hong Kong coincides with the two-year anniversary of the company’s expansion into the Hong Kong market.
“We are making this significant investment in the Hong Kong market to facilitate the growth of the business in a sustainable manner,” said LifeVantage President and Chief Executive Officer Douglas C. Robinson.
“We continue to be excited about our presence in the Hong Kong market and remain committed to our pledge of providing world-class support to the Distributors in the market, and our Asia Pacific region at large.”
About LifeVantage Corporation
LifeVantage Corporation, is a science based network marketing company that is dedicated to visionary science that looks to transform health, wellness and anti-aging internally and externally at the cellular level. The company is the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, the TrueScience™ Anti-Aging Skin Care
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October 2014, Best Sales Month In 4Life History
by Nicole Dunkley • • 0 Comments
October 2014 represented the best sales month of all time for 4Life. Year-to-date sales have increased by approximately 13% and the company recently opened in its 24th market with an office in Hamburg, Germany — 4Life’s third European office after Spain and Italy.
4Life President and CEO Steve Tew identified ten international markets whose year-over-year sales growth contributed to October’s success.
India 11% • Ecuador 12% • Spain: 13%
Malaysia: 13% • Dominican Republic: 33%
Peru: 36% • Panama: 70% • Indonesia: 72%
South Korea: 126% • Hong Kong: 135%
Tew: “For sixteen years, 4Life distributors have proven what is possible when they commit themselves to sharing the products and opportunity with others. This record month is a testament to the work being done in the field, not only in our top performing markets, but in dozens of countries around the world.”
Earlier this year, 4Life was ranked #41 by Direct Selling News on its Global 100 list of largest direct selling companies.
4Life Founder and Chairman of the Board David Lisonbee: “When my wife Bianca and I launched 4Life in 1998, we knew what was possible. But we also knew that the company could not exist without dedicated field leadership. Ultimately, our corporate growth reflects the growth
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Zrii In Process Of Expanding Into Southeast Asia
by Nicole Dunkley • • 0 Comments
Zrii has been experiencing rapid growth in countries around the world, such as Colombia, Peru, Mexico, Costa Rica, Guatemala, New Zealand, and Australia, among others. Growth in these markets has propelled Zrii to a milestone that few companies ever achieve in network marketing: more than $10 million a month in sales.
Riding this wave of success, Zrii is excited to announce that it is in the process of expanding its global operations into Kuala Lumpur, Malaysia. Kuala Lumpur is one of the top 10 markets within the Direct Selling industry and one of the fastest growing markets in the world.
Bill Farley, Founder and CEO of Zrii, states, “From day one, I have always envisioned Zrii as a global brand. Through the leadership of our President, A.K. Khalil and our entire corporate staff, we have been able to turn that vision into a reality over the last 2 years. That vision continues with our expansion into Southeast Asia.”
Zrii’s President, A.K. Khalil, states, “Our goal is to turn Zrii into a multi-billion dollar brand. Partnering with our tremendous field leadership, we have successfully planned for and launched Zrii in markets across Latin America – resulting in growth of over 1000% in a
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Nerium Celebrates Brand Center Opening In Richmond, BC
by Nicole Dunkley • • 0 Comments
Nerium International™, a leader in age-defying skincare products, celebrated the grand opening of its British Columbia Brand Center with a ribbon cutting ceremony held on Saturday, November 1, 2014. Special guests in attendance included Mayor Malcom Brodie, City of Richmond; Roy Truett, President of International at Nerium International; and Belynda Lee, Regional Vice President of Sales and General Manager of Canada.
The new Brand Center allows consumers interested in Nerium to learn about and purchase the company’s Optimera TM line of products. Since Nerium is a relationship marketing company that sells its products through direct sales, the Brand Center also serves as a resource center for Nerium’s Brand Partners that sell the products, providing them with advanced relationship marketing tools and materials to help them grow their personal businesses. It will also offer multi-lingual customer support. The Brand Center, which is 4,300 square feet, is the first Nerium International Brand Center in Canada.
The opening celebration, which took place at the new Brand Center located at Unit 130 – 11120 Horseshoe Way, Richmond, BC, included a red carpet, ribbon cutting, refreshments, giveaways, gift bags and a lion dance. Speeches were given by Mayor Brodie, Truett, and Lee.
Nerium International first began offering its
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Youngevity Announces Official Grand Opening In Russia
by Nicole Dunkley • • 0 Comments
Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced the grand opening of its new distribution and sales support center in Moscow, Russia.
A ribbon cutting celebratory event held on November 1, 2014 welcomed key leaders and distributors to inaugurate the opening of Youngevity’s first office in Russia.
In order to support this growing market, Youngevity’s new office will provide a central location in Moscow that is fully equipped with a sales and distribution center to handle product ordering to delivery, a large conference room to hold distributor education and training sessions, customer service desks, and a product showroom.
“We are proud to launch Youngevity’s first office in Russia and we plan to open a number of distribution points to cover the region,” said Ricardo Spilman, Director of Sales and Operations for Eastern Europe and Israel.
“Russia is one of the fastest growing billion dollar markets in the direct selling industry. The entrepreneurial spirit is amazing in Russia as we already have hundreds of new Russian distributors that attended our first training sessions and they are highly motivated to get started with their
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Trévo Corporate Office Finds New Home
by Nicole Dunkley • • 0 Comments
As Trévo’s product sales and network marketing figures continue to trend upward, the company itself is also moving up – literally.
Trévo has officially outgrown the south Oklahoma City office it has occupied since 2010, and is heading east down Interstate 44 to Valliance Bank Tower, where it will call the entire 18th floor home.
“Obviously this building holds a special place in the hearts of the people who started with Trévo here, but we are thrilled about the move,” Trévo CEO Mark Stevens said. “As our operations have expanded, so has our corporate staff, and we simply outgrew the walls at our current location.”
Located at 1601 Northwest Expressway, Valliance Bank tower is the tallest building in Oklahoma City’s Northwest Business District. With 22 floors offering a 360-degree view of the city, the tower is the most prominent landmark in the area.
Stevens prides himself on being a high-energy CEO with a team that has taken that same approach to business, so a move to one of the busiest and most fast-paced business districts in Oklahoma City makes perfect sense for Trévo. The tower is located off the interstate just walking distance from 50 Penn Place, an upscale galleria-style development, Penn Square Mall,