Primerica, Inc. announced that its Board of Directors has promoted Glenn J. Williams, currently the company’s President, to Chief Executive Officer and also elected him to the Board, effective April 1, 2015.
The current Co-Chief Executive Officers, D. Richard (Rick) Williams and John A. Addison Jr., will remain members of the Primerica Board. In their new roles, Rick Williams, who has been with Primerica since 1989, will be non-executive Chairman of the Board and John Addison, who has been with the company since 1982, will be non-executive Chairman of Primerica Distribution.
The Board also announced that it has promoted Peter W. Schneider to the position of President, also effective April 1, 2015.
“Glenn has served as our ‘right hand man’ for the past 10 years and we are confident that he is the ideal leader to take the helm of our company and continue our growth trajectory.” said Rick Williams. “He possesses tremendous depth of understanding of our sales force and for many years has successfully overseen marketing for all Primerica business lines. He has valuable experience running our Canadian operations and leading Primerica’s overall management team, and he has been at the forefront of our most successful initiatives.”
John Addison said, “One
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Ambit Energy Hit With Class Action Lawsuit
by Tina Williams • • 0 Comments
Ambit Energy Holdings LLC was hit with a putative class action in New Jersey federal court, claiming the energy company lured customers into switching providers with promises of lowered gas and electric bills, then slammed them with exorbitant rates.
Michael Urbino, a New Jersey resident, and Brian Whitney, who hails from New York, filed suit against the Dallas-based utility, claiming the company has taken advantage of its customers in their states and others by shifting the risk of the volatile gas and electricity markets with variable rates that can spike quickly and leave customers promised lower rates holding the bag.
“Like the risky adjustable-rate mortgages that contributed to the financial crisis, Ambit’s variable energy rates can fluctuate rapidly and have no ceiling,” the complaint said. “Yet Ambit conceals this financial risk with an extensive marketing campaign that bombards consumers with promises of consistency and savings while failing to warn consumers of the factors affecting Ambit’s variable energy rates and that those factors can drastically turn.”
According to the complaint, Whitney was wooed into switching his gas and electric accounts to Ambit in January 2011, while Urbino switched carriers in early 2012. Both had been convinced they would see savings, the documents said, but Whitney
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Top Industry Leader Dr. Malikah Murphy Joins Foru International
by Tina Williams • • 0 Comments
foru International (foru), the leader of personalized health, beauty and wellness products and subsidiary of foru Holdings, Inc. (OTC: FORU), is pleased to announce that Dr. Malikah Murphy has joined their national network of Brand Partners.
“Malikah has generated tens of millions of dollars, rising to the highest ranks of a company that was more than 70,000 distributors strong,” said Sharon Tahaney, President, foru International. “We are thrilled to bring her success to the foru team.”
Malikah was born and raised in Bronx, NY and moved to Delaware to raise her family in 2005. When her son was diagnosed with sickle cell disease, she left her daytime job to help care for him. During the recession in 2007, Malikah turned to network marketing as a means of survival for her family and has since had incredible business achievements such as elevating herself to the position of a top level marketer.
“I am excited to partner with foru because it is the first product of its kind and I am excited to be at the forefront of a product that is actually going to make history,” said Dr. Malikah Murphy. “Truly customized nutrition and skincare was unheard of until now. I am a businesswoman and I know a great thing when I
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India Working Towards New Legislation To Help Direct-Selling Industry
by Tina Williams • • 0 Comments
For those that have been following international direct-selling news will be happy to hear that India is finally putting some measures into place to progress the direct-selling industry in their country, which has been sorely lacking the support. Although a small baby step toward the results needed, it is a step in the right direction.
Welcoming the formation of an inter ministerial committee to look into their issues, direct sellers have asked the government to frame a separate regulation after consulting all stakeholders in a time-bound manner for the sector.
The India Direct Selling Association (IDSA), which falls under the Prize Chits & Money Circulation Schemes (PCMCS) (Banning) Act, has been asking for a separate legislation for some time.
“We welcome the much awaited action taken by the government. We hope the government will draft an inclusive legislation in consultation with the industry stakeholders. We expect the government to give out time-bound legislation,” IDSA Secretary General Chavi Hemanth said.
Last week, MoS Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve has informed Parliament that the government has set up an inter ministerial committee to consider separate legislation for direct selling/ multi-level marketing companies.
“At present, in the absence of any separate regulatory framework business models like direct selling/
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Zeek Rewards Receiver Sues 22 Australian Leaders
by Ted Nuyten • • 0 Comments
Zeek Receiver Kenneth Bell has filed on 29 December a Federal lawsuit entitled “Bell v. Bjerring et al”. Gert Bjerring is the largest fish in the pool with $826,000+ in Zeek Rewards commissions.
How an USA court has jurisdiction over Australian citizens has to be proven, however Australian Zeek Rewards net winners are most likely not pleased, the USA is going after them…
According to the lawsuit:
“Because Zeek’s net winners “won” (the victims’) money in an unlawful combined Ponzi and pyramid scheme, the net winners are not permitted to keep their winnings and must return the fraudulently transferred winnings back to the Receiver for distribution to Zeek’s victims”.
Gert Bjerring of Queensland, Australia, $826,801.73
David Mitchell of New South Wales, Australia, $298,802.10
Nicola Holloway of Queensland, Australia, $273,009.36
Sam Fawahl of Victoria, Australia, $232,564.55
Warren Hickey of Queensland, Australia, $159,757.73
Paul Mandelt of Western Australia, $128,913.02
Kelvian Hansen of Queensland, Australia, $111,799.43
Anni Thompson of Queensland, Australia, $95,566.00
Ann Audrey Hickey of Queensland, Australia, $83,487.05
R&J Thumm Family P/L as Trustee for Thumm Investment Trust, Australia, $80,130.26
David Cane of Queensland, Australia, $77,296.57
Donna Walton of Queensland, Australia, $76,730.36
Michael Georghiou of Victoria, Australia, $74,968.93
Thomas von Eitzen of Queensland, Australia, $74,854.07
Bradley Ferries
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Avon Makes Fortune Magazines 5 Worst Investments List
by Tina Williams • • 0 Comments
The second worst-performing stock outside the oil and gas exploration sector was Avon (AVN). The direct-selling company is facing soft consumer spending issues at home, and a host of problems abroad, including an economic slowdown in Brazil, a main profit center for the company.
Avon also recently settled a case with the Justice Department for $135 million over bribery allegations related to its business in China.
Avon shared the worst investment rankings with Mattell and Genworth Financial.
Avon Products, Inc, known as Avon, is an American international manufacturer and direct selling company in beauty, household, and personal care categories. As of 2012, Avon had annual sales of $10.0 billion worldwide in 2013.
It is the fifth-largest beauty company and second largest direct selling enterprise in the world, with 6.4 million representatives. Avon Products is a multi-level marketing company. The company’s CEO is Sherilyn S. McCoy, who was appointed to that position in April 2012. The former CEO, Andrea Jung, became the executive chairman of the board.
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LR Restructuring Their Management Structure
by Tina Williams • • 0 Comments
The company’s CEO, Dr. Jens M. Abend, will transfer from Operational Management to the Advisory Board of the LR Group. The managers Patrick Sostmann, Tilo Plöger, Dr. Andreas Laabs and Thomas Heursen, will conjointly lead the company along the existing growth and internationalization strategy.
Patrick Sostmann (40), since 2006 with LR and responsible for Global Sales, will resume additional responsibilities as new spokesman of the Executive Management. Tilo Plöger (47), since 2007 in charge of Marketing and Operations at LR, will take over Human Resources. Dr. Andreas Laabs (41), who joined the Executive Management as CFO in summer 2014, will be responsible for the E-Commerce and IT department.
The area of responsibility of Thomas Heursen (52), with the company since 1992 and responsible for the Global Partner Relations segment, will remain unchanged.
Dr. Jens M. Abend started his career with LR in 2006 as CSO (Chief Sales Officer) and in April 2007 was appointed CEO of the LR Group. Under his leadership the company transitioned from a family run business into a modern management-led company with professional structures and processes. Specific investments in the market and strategic positioning as well as decisive internationalization initiated a new period of growth. Moreover, Dr. Jens
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DubLi Reports EOY 2013 Results – Up Over 150%
by Tina Williams • • 0 Comments
Although a year behind in reporting, the results are positive.
End of year results for DubLi in 2012 had a gross income of $3.75 Million and showed an increase to $15.25 Million. Net income in 2012 showed in the red of $27 Million and end of year for 2013 showed a positive of $3.8 Million. Since the reporting is a year behind, this is reflective of the change from an auction site that DubLi launched as into an online shopping mall, which has clearly taken it into the positives.
Shares have remained relatively the same with a few ups and downs, but no significant changes.
Based on wide associate promotions in 2014, the estimate is that revenue will continue to show an increase, especially in North American sales. The forecast is promising for DubLi.
DubLi Inc through its subsidiaries, provides Cashback rewards and value-based travel, shopping, and entertainment portals to online customers, through DubLi.com, worldwide. The companys DubLi.com, which features various brand name stores and travel companies, enables consumers shop, find the deals, and then earn Cashback with each purchase. It also operates DubLi Network (Dublinetwork.com) that offers the entrepreneurs an opportunity to create their own distributor organizations.
DubLi Inc was at $0.125, showing
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New Company, UNO Premier, Launches Lavishly
by Tina Williams • • 0 Comments
Celebrities converged for a night of glitz and glamour as Unlimited Network of Opportunities Inc. International (UNO Intl.) introduced its newest brand for the highend market, UNO Premier. Held at the Enderun Colleges at the Fort, among the celebs spotted were Jean Garcia, Vivian Velez, basketball player Don Allado and many others.
The affair started with audiovisual pre sentations about the milestones of its mother company, UNO, and the introduction of its new, luxurious and highquality product line under the UNO Premier brand. The company is proud of its tradition as the leading network marketing company in the country, dwarf ing other competitors with its over 500,000 strong members/ distributors worldwide.
The collective presentations of trailblazing UNO Board members William Barbo, Oliver Chua and Herbie Chua also showcased the new digital media arms of the company such as the UNO Premier website, UNO Apps and Facebook page. They also highlighted a new, prestigious office address at The Fort, Taguig.
Oliver Chua introduced Le Jeune Cosmetiques, a luxurious makeup line that includes Le Jeune Minerals, cosmet ics infused with the opulence of 24karat gold microparticles, and delivered with the finest natural ingredients sourced from Japan, Switzerland and Germany. The line also includes Mineral
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Trévo Continues Steady Rise In Industry
by Nicole Dunkley • • 0 Comments
As 2014 comes to a close, Trévo, a nutritional supplement company based in Oklahoma City, Okla., is looking back on yet another year of explosive growth.
In just 27 months of being in full operation, Trévo Life and Health Coaches are out earning longer-tenured leaders from other direct sales companies all over the world. In fact, in under three years Trévo has already seen five of its leaders become $1 million earners, and 300 leaders are earning $10,000 or more each month! As Trévo continues its rise up the MLM ranks, those numbers are growing exponentially.
“We started this company with the purpose of seeing lives changed, both through our product, and through the countless opportunities that come from being a part of the Trévo team,” Trévo CEO Mark Stevens said. “Our numbers speak for themselves. We enter 2015 knowing that we are carrying out that purpose, and that this is only the beginning.”
Despite being one of the youngest companies in the industry, Trévo has already done plenty to put its stamp on the MLM market, and is showing no signs of slowing down. In a recent poll of over 600 direct sales companies, Trévo checked in at #21. The company has