Social commerce network and mobile service provider Solavei filed its plan of reorganization today and announced it will merge with industry leader ASPIDER, a Netherlands-based company that has provided core mobile infrastructure and services to over 100 mobile service providers and millions of subscribers throughout the world. Terms of the deal remain confidential.
With over 400,000 people that have become members in the past two years, Solavei will continue to deliver and grow its social commerce network to fulfill its vision of positively impacting millions of people’s lives. With this transaction, the company will continue to operate normally, no services will be interrupted, compensation will be paid on time, and Ryan Wuerch will continue in his role as Chairman & CEO.
Solavei members and employees will benefit from the ASPIDER global mobile virtual enabling
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Herbalife Wins Major Lawsuit
by Tina Williams • • 0 Comments
In a second major win for the week, Herbalife’s newest victory is a mark for things to come. Reuters reports:
Herbalife Ltd (HLF.N) won the dismissal of a lawsuit that claimed the maker of weight-loss and nutritional products fraudulently portrayed itself as a legitimate company, and that shareholders lost money because it was actually an illegal pyramid scheme.
U.S. District Judge Dale Fischer in Los Angeles said that shareholders led by two pension funds did not show that questions raised about Herbalife’s business by hedge fund manager William Ackman and various investigators showed that the company had fraudulently inflated its stock price.
Ackman and his Pershing Square Capital Management LP have campaigned against Herbalife since December 2012, when they revealed a $1 billion bet against the Los Angeles-based company. Herbalife has long denied it is
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Forbes Speaks With Amway’s Steve Van Andel
by Tina Williams • • 0 Comments
Dan Schawbel from Forbes: I spoke with Steve Van Andel, the chairman of Amway, who is responsible for managing daily operations of the company with Amway President Doug DeVos.
Van Andel is the eldest son of Amway Co-Founder Jay Van Andel, who, with Rich DeVos, started Amway in 1959 in Ada, Michigan. Since then, Amway has grown into the world’s largest direct selling company. Over the past two decades, Van Andel has led a strategic transformation of the company with a focus on growth through innovation, driving double-digit growth. Prior to being named chairman, Van Andel served as vice president with responsibility for Amway’s business operations in North and South America. He also served as vice president of marketing.
Recently, Amway acquired the XS Energy Brand, an energy drink brand that has exhibited positive momentum with the next-generation
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Zija To Hold OTG Grand Opening Event In Japan
by Nicole Dunkley • • 0 Comments
Japan has quickly become one of Zija International’s strongest global markets, expanding at a rapid rate each year. Zija Japan is now being launched On the Ground (OTG) after having previously been a Not for Resale (NFR) market.
This is a beneficial opportunity for the company and Distributors within Japan, making it even easier enjoy Zija Core Nutritionals, Améo Essential Oils, and Ripstix Fitness Supplements products. It will also help more individuals embrace Zija’s unique business opportunity and ‘Life Unlimited’ message.
To celebrate Zija OTG in Japan, the company will hold a Grand Opening Event later this month in Tokyo:
DATE: March 25, 2015
TIME: 10:00 a.m. – 6:00 p.m. (Japan Time)
LOCATION: Maihama Amphitheater at Tokyo Disney Resort (Adjacent to Disney Ambassador Hotel, a 10-minute walk from JR Maihama Station – JR Keiyo Line)
SPEAKERS: Ken
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Talk Fusion To Release Second Issue Of Lifestyles Magazine
by Nicole Dunkley • • 0 Comments
With new articles and insight, Lifestyles Magazine issue #2—a lavish publication for Talk Fusion Associates and their prospects—has gone to print and will soon be released in multiple languages.
Written and designed to help Associates achieve financial freedom and share it with their teammates, Lifestyles Magazine is an exceptional, high-gloss introduction for prospects interested in the opportunity. “We give you an exclusive insider view of everything Talk Fusion has to offer,” said Founder & CEO Bob Reina. “We show you how this is unmistakably the chance of a lifetime.”
The first issue, released on September 2014, met with overwhelming response from Associates; multiple reprint orders were necessary just to keep the issue in stock at the Talk Fusion Mall online.
While the focus is on living the “Dream Lifestyle,” issue #2 gives Associates and newcomers
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Damaging Blow: Avon Falls Off S&P 500 For First Time Since 1964
by Tina Williams • • 0 Comments
After a more than fifty-year stay in the index, Avon won’t be in it for much longer.
S&P Dow Jones Indices, the company that manages the S&P 500, announced on Friday that the troubled cosmetics giant will be moved to its MidCap 400 index after the close of trading on March 20.
The S&P 500, which many average and professional investors use as their main benchmark to judge stock market performance, is home to mostly larger companies.
Avon (AVP) is now worth only $3.2 billion. It’s being replaced by underwear and T-shirt makerHanesbrands (HBI), which has a market value of more than $13 billion.
In its statement, S&P Dow Jones Indices said the change was made because Avon was no longer big enough.
A spokesman for S&P Dow Jones Indices added that Avon has been in the S&P 500 since
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WorldVentures Gains Elite Technology Software Program
by Nicole Dunkley • • 0 Comments
WorldVentures enters its fourth consecutive year of record-setting growth with the acquisition of a leading technology software program. This is a step forward that will help the company broaden its service offerings, streamline operations and much more.
WorldVentures’ growth forecasts will be fulfilled thanks to this purchase. The program will help the company offer end-to-end reservations as well as a contract, operations and distribution management system.
The new platform provides a central reservation management system, which allows customers to access competitively priced travel packages online, complete with photos, videos and maps.
“As we continue along our upward trajectory, we’re continuously seeking innovative solutions to improve customer experiences,” said Eddie Head, president of WorldVentures Marketing. “This new robust platform further strengthens our market position with dynamic packaging of transportation, hotel accommodations, attractions and more. The
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“75% Of Irelands Direct Sellers Are Female.”
by Tina Williams • • 0 Comments
BusinessAndLeadership.com reports: Figures released from the Direct Selling Association of Ireland (DSAI) have revealed that 75pc of the industry’s 20,000 direct sellers are now female, while 30pc are stay-at-home mums.
Contributing €50m a year to the Irish economy, direct selling is where goods are sold direct to consumers outside of a fixed shop.
Lynda Mills, director general of the DSAI, said: “There is a new type of female entrepreneur emerging in Ireland – women who are selling products they love and building really strong businesses through direct selling.
“We are seeing more and more women being attracted to direct selling because it can fit so easily around other commitments – whether it’s children, education or another job.”
The figures released by the DSAI are based on its survey of its member companies including Amway, Forever Living and
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Tables Turn: The FBI Is Investigating Bill Ackman And His Campaign Against Herbalife
by Tina Williams • • 0 Comments
The FBI and federal prosecutors are interviewing people related to hedge-fund manager Bill Ackman for potential Herbalife stock manipulation, reports The Wall Street Journal.
They’ve asked for documents related to the stock. Neither Ackman nor his hedge fund, Pershing Square, have been served with a subpoena.
Ackman has been publicly shorting Herbalife since December 2012. He has said that the multilevel-marketing nutrition firm is a pyramid scheme and that his hedge fund, Pershing Square, is shorting its stock to zero.
Here’s The Journal on exactly what investigators are trying to figure out in this case:
Prosecutors in the Manhattan U.S. attorney’s office and New York field office of the FBI have conducted interviews and sent document requests in recent months in connection with the investigation, which is looking into whether people, including some hired by Mr. Ackman,
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Medifast Drops To Loss In 4th QRTR As Revenue Plunges
by Tina Williams • • 0 Comments
Weight-loss company Medifast Inc. lost more than $3 million over its fourth quarter as revenue plunged more than 11 percent in earnings released Thursday afternoon.
Owings Mills-based Medifast (NYSE: MED) lost $3.4 million, or 28 cents per share, in its fourth quarter ending Dec. 31 — a year after posting a profit of $5.3 million, or 39 cents per share, in the same quarter.
The company shed more than $8 million in revenue year-over-year, posting $62.3 million in the 2014 fourth quarter. Revenue missed Wall Street estimates averaging $69.4 million in analyst polling from Thomson Financial Network and company stock was down more than 8 percent in after-hours trading.
That revenue drop came as Medifast’s two largest moneymaking divisions lost sales. Revenue plunged 12 percent to $45.7 million at the company’s direct sales channel, Take Shape for