Senior executives at Herbalife (HLF) are telling investors it’s all but certain the Federal Trade Commission will not shut down the company at the conclusion of its wide-ranging investigation, though they expect some form of disciplinary action, FOX Business Network has learned.
Since March, the FTC has been investigating whether the nutritional supplement outfit operated as an illegal “pyramid scheme,” meaning its sales were largely derived from attracting people to distribute its product, rather than actual sales to customers. The FTC action follows claims by short seller Bill Ackman, who says the company’s business model violates a host of federal and state laws, and that Herbalife should be shut down by the government.
Despite the increased attention on the company, Herbalife executives have been speaking to attorneys, academics and former FTC officials, and have come to the conclusion that the chances of a shutdown are remote, according to people with direct knowledge of the matter. In recent weeks, senior executives have been making the rounds with Herbalife’s top investors and explaining while the FTC’s investigation hasn’t concluded, they feel confident the company will avoid a corporate death sentence.
An Herbalife spokeswoman declined to comment on the matter, but would not deny such conversations
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Organo Gold Collaborates With Napoleon Hill Foundation
by Nicole Dunkley • • 0 Comments
Organo Gold, the global gourmet coffee company that caters to consumers’ active lifestyles, in collaboration with the Napoleon Hill Foundation announced that “Think and Grow Rich” will be available in paperback in four new languages: French, Spanish, Italian and Russian. The exclusive OG Edition will have an embossed Organo Gold logo and sell for $19.37 USD, symbolizing the year the book was originally published. French, Spanish and Italian are available now, with the Russian edition available on October 18.
“I am extremely proud of this edition and thank the Napoleon Hill Foundation for their ongoing partnership and support.” said Bernardo Chua, Founder and Chief Executive Officer of Organo Gold. “Think and Grow Rich is credited by millions for their success, and the Napoleon Hill principles are the cornerstone of our leadership training. We are truly blessed to have their continued support.”
“We are pleased to be working solely with Organo Gold International. We have been with them since their beginning and hope to support them as they continue to grow,” stated Don Green, Executive Director, Napoleon Hill Foundation.
“The Napoleon Hill Foundation is extremely proud of our sole collaboration with Organo Gold International since its inception. There is no better way to bring
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4Life President & CEO Tours South America
by Nicole Dunkley • • 0 Comments
4Life President and CEO Steve Tew recently concluded a South American tour with stops in Ecuador, Peru, Bolivia, and Colombia. Combined, these events attracted more than 8,000 attendees.
Event highlights included product launches, distributor recognition, anniversary celebrations, and leadership speeches from top-ranking Platinum International Diamonds: Dr. Herminio Nevárez, Juan and Damaris Rosado, and Miguel Bermúdez Marín. Many Gold International Diamonds and other VIPs were also onsite at the events.
Vice President, International Richard Decker: “The sheer number of people who attended these events is a great indication of 4Life’s ongoing growth. Our distributors are committed. Our message is solid. Our products are in demand. It was a great honor to have the presence of President and CEO Steve Tew with us for these celebrations.”
4Life opened for business in Colombia in 2007, Peru in 2009, and Bolivia and Ecuador in 2010. In 2014, countries throughout South and Central America have consistently ranked among the company’s fastest growing markets.
Steve Tew: “It is wonderful to see firsthand the difference that 4Life makes in the lives of distributors who are committed, dedicated, and work together as a team. I commend the work of our business builders in Ecuador, Peru, Bolivia, and Colombia. Their efforts continue to
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Rodan + Fields Ranks Third-Largest, Woman-Owned Bay Area Business
by Nicole Dunkley • • 0 Comments
The Bay Area’s 100 largest women-owned businesses generated $3.1 billion in revenue last year. In a landscape of tech companies, a skincare company actually landed near the top of the SF Business Times’ list of the Bay Area’s 100 largest women-owned businesses. Rodan + Fields, ranked #3, is SF-based and female-dermatologist-driven. And it made $195,682,033 in revenue last year.
The Business Times attributes the company’s growth to its direct selling model, but it takes more than a business model to make a successful company: the products have to work, too.
Since Rodan + Fields grew 358.6 percent last year —and is expected to post similarly impressive numbers for 2014— there’s no denying that the women at the helm are doing something right.
About Rodan + Fields
Rodan + Fields® Dermatologists is changing skin and changing lives by partnering with independent business owners across the United States to redefine the future of aging. Founded by world-renowned dermatologists Dr. Katie Rodan and Dr. Kathy Fields, the creators of Proactiv® Solution, Rodan + Fields’ patent-pending MACRO Exfoliator™ and AMP MD™ System make real results possible at home without injections or other invasive procedures.
Named the 2010 Rising Star by the Direct Selling Association (DSA) for its
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ACN Receives Six Creative Excellence Awards In 9th Annual Competition
by Nicole Dunkley • • 0 Comments
ACN, Inc. has done it again, receiving six prestigious W3 Awards that honor creative excellence on the web.
ACN was among over 4,000 entries from Ad Agencies, Public Relations Firms, Interactive Agencies, In-house Creative Professionals, Web Designers, Graphic Designers and Web Enthusiasts. ACN took home six Silver Awards – an Award of Distinction including:
– ACN Corporate Website – Corporate Communications
– ACN Corporate Website – Website Features
– ACN Facebook – Corporate Communications via Social Media
– ACN 20th Anniversary Video – Online Event Video
– Your Business Assistant – Corporate Communications via Online Video
– ACN Corporate Profile – Corporate Communications
“ACN’s number one goal is to provide the best opportunity and tools for its Independent Business Owners. It’s not about the recognition, however it is very satisfying to be recognized on such an elite level six times over,” said ACN Vice President and Co-Founder Tony Cupisz.
The W3 Awards are sanctioned and judged by the Academy of Interactive and Visual Arts, an invitation-only body consisting of top-tier professionals from a “Who’s Who” of acclaimed media, advertising and marketing firms.
“We were once again amazed with the high level of execution and creativity represented within this year’s group of entrants. Our winners continue to find innovative and forward-thinking
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LifeVantage Reveals Two Multi-Dimensional Energy Products In The United States
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, has entered the exciting new energy product category that will forever change how exhausted, over-stressed people around the world regain their edge. Unlike other one-dimensional energy products that rely almost entirely on caffeine and sugar for a temporary energy boost, both LifeVantage energy drink powders deliver sustained energy, as well as improved mental focus and promote a positive mood. All derived from a unique combination of scientifically validated ingredients.
“Until now, energy products were all about stimulation,” explains Shawn M. Talbott, PhD, Chief Science Officer at LifeVantage Corporation. “Basically, they helped mask fatigue but they really did nothing to help get people to their desired state of wellbeing. These two newly released multi-dimensional energy drink powders deliver one part better mood, one part improved mental focus.”
“We couldn’t be more excited about the launch of these two products into the evolving energy drink market,” explained LifeVantage President and Chief Executive Officer Douglas C. Robinson. “These offerings remain consistent with our approach of delivering safe, effective, top-quality products that are founded in science and backed by research. They represent a large and immediate opportunity for the long-term growth of our Distributor family and LifeVantage as a company.”
About LifeVantage Corporation
LifeVantage Corporation LFVN,
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Younique Co-Founder Potential Nominee For Nobel Prize
by Tina Williams • • 0 Comments
Younique Genomics, Canada’s first lifestyle genomics research institute, is pleased to announce that its co-founder, Dr. Stephen Scherer, who is also the director of The Centre for Applied Genomics, at Toronto’s Hospital for Sick Children, has received the esteemed accolade of being included on a list of potential winnersof the 2014 Nobel Prize for Medicine or Physiology.
Compiled by the international media conglomerate Thomson Reuters, the list is highly authoritative with one in four researchers on the list going on to win the world’s most prestigious award for medical research.
World-renowned for his groundbreaking research in genomics, Dr. Scherer says he is “hugely honored to be on a list with so many giants of science.” Dr. Scherer’s co-founder at Younique, Dr. Mansoor Mohammed, was an active collaborator with him in his early research, creating the technology platform necessary to discover genomic copy-number variations, more commonly known as CNVs, the genetic phenomenon at the core of Dr. Scherer’s potentially Nobel-cited research.
‘Dr. Mohammed and I first began collaborating over 13 years ago on the use of genomic technologies he pioneered, and which became the impetus for my discovery of CNVs. I am incredibly happy to see the fruition of our work. Founding Younique Genomics with Dr.
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Michael E. Kelly Joins Talk Fusion As Director Of Training
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With a fervent goal to help others achieve their dreams, internationally renowned life coach and corporate trainer Michael E. Kelly has joined Talk Fusion as Director of Training. Michael will travel the world, motivating Talk Fusion Associates and encouraging their personal growth so they can become more successful than they ever believed possible.
“I was drawn to the rock solid nature of the business model and the incredible vision and leadership of Talk Fusion Founder & CEO Bob Reina,” Michael says. “Talk Fusion not only has a very explosive business model for today – the present – but most importantly, for the future! I see Talk Fusion becoming the locus of success in the Network Marketing industry!”
For over twenty years Mr. Kelly has played an integral role in the personal development and goal achievement for thousands of industry leaders and associates around the world. Among other industry accolades, Michael has been a master distributor, a corporate training director and senior consultant for numerous high profile companies.
Michael has long been a believer in the transcendent power of confidence and enthusiasm. The youngest of six children, he grew up in a low income housing project; his hard-working father worked multiple jobs just to take care of his family.
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QNET Morocco Ranks Among Top 10 Markets
by Nicole Dunkley • • 0 Comments
According to a recent report by the World Federation of Direct Selling Associations (WFDSA), the direct sales industry in Morocco generated revenues of approximately $ 12 million in 2013 The awareness of the direct sales industry and profits have increased the number of participants in this important sector to reach the figure of 87 000 of these participants, QNET, an Asian company that specializes in direct sales, just announced an increase in claims and signs of recovery direct selling industry in Morocco, which is now one of the most important markets in the Middle East and North Africa. Note that Morocco was also ranked at the end of the second quarter of 2014 in the top ten markets in the region QNET.
Speaking of the overall performance of the Moroccan market, Khaled Diab, Regional Director of the company QNET for the Middle East, said: “After the success of QNET in Egypt, the company wanted to expand in North Africa. Last year we held our regional conference in Marrakech, with 3,000 delegates from across the region. During the same year, we organized several training courses and seminars to help retailers provide an accurate explanation of the company’s products and to clarify its
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USANA Named Top Places To Work For Sixth Consecutive Year
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For six years running, USANA Health Sciences has been named one of America’s “Best Places to Work” by OUTSIDE Magazine, ranking No. 53 on this year’s list. Each year, OUTSIDE recognizes the top 100 companies in the United States that help their employees strike the ideal balance between work and play. These companies encourage employees to lead an active lifestyle, are eco-conscious, and prioritize giving back to the community.
“We are thrilled that our commitment to creating a great workplace has been recognized by OUTSIDE Magazine for a sixth consecutive year,” said Kevin Guest, president of USANA. “We want our employees to live their lives to the fullest and encourage them to do what they love, and earning this title demonstrates that USANA has continued to create a positive and engaging work environment for its employees.”
More than 700 USANA employees in Utah enjoy impressive workplace benefits, including an annual profit-sharing program, free monthly company health products, excellent health and life insurance packages and regular health fairs. USANA’s efforts have also earned it standings on Utah BusinessMagazine’s “Best Companies to Work For in Utah” and PR News’ list of “Top Places to Work in PR”.
“We make sure our employees have everything they need to