Over 20,000 entrepreneurs from around the world will descend upon North Carolina for the 2014 Market America | SHOP.COM International Convention at the Greensboro Coliseum on Aug. 7 – 10, 2014. The annual event will introduce new products, technology, programs and initiatives aimed at consumers converting their spending into earning, and also feature a who’s who of celebrities.
The event will feature the Market America | SHOP.COM Executive Team, successful entrepreneurs and celebrity guests. Previous events have been attended by Jennifer Lopez, Alicia Keys, Serena Williams, Alejandro Sanz, Khloe Kardashian, Gloria and Emilio Estefan, Tony Romo, Swizz Beatz, Paulina Rubio and Marc Anthony, among many others.
At this event, Basketball Hall-of-Famer Scottie Pippen spotlight the impressive results of his Market America-branded product, Prime™ Joint Support by Isotonix®. Grammy-nominated rap artist and entrepreneur Joseph “Fat Joe” Cartagena, the company’s President of Urban and Latino Development, will be on hand to relay the momentum and excitement within that market sector, which has seen explosive growth this year. “More and more people are boarding the Market America | SHOP.COM ‘Invisible Train’ to entrepreneurial success. And at this event we are going to rev up the engines to a whole new level,” says Cartagena.
Marley Coffee founder Rohan
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DreamTrips Voted “Europe’s Top Travel Club” For 2014
by Nicole Dunkley • • 0 Comments
DreamTrips™ Vacation Club, one of the world’s leading travel and vacation club membership organizations, was voted “Europe’s Leading Travel Club” for 2014 as part of the World Travel Awards. The World Travel Awards Europe Gala Ceremony was held at Divani Appolon Palace & Thalasso in Athens, Greece on Saturday, August 2, with hundreds of hospitality industry leaders.
This award recognizes the commitment to excellence that DreamTrips has demonstrated in Europe within the last year. The award, voted on by travel and tourism professionals worldwide, recognized DreamTrips’ outstanding service and product offerings. Nominees in other European region travel categories include W Hotels Worldwide, Ritz-Carlton, KLM – Royal Dutch Airlines and Royal Caribbean International.
“It’s an honor to be named a leader in the European travel industry and to be selected for this award by our peers,” WorldVentures Co-Founder and Chief Visionary Officer Wayne Nugent said.
“This outstanding accomplishment is a reflection of the high standards our entire team strives to maintain, especially our travel agency partner, Rovia, which aims to deliver excellence and unforgettable experiences to all of our members.”
Since 1993, World Travel Awards (WTA) has acknowledged and celebrated excellence across all sectors of the global tourism industry. Last year, DreamTrips was also
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Herbalife Expanding It’s China Facilities
by Tina Williams • • 0 Comments
Herbalife Ltd. (NYSE:HLF), a leading global nutrition company, today announced plans to expand its manufacturing capabilities inChina, as it looks to increase its capacity in line with anticipated growth in this strategically important market. This would add to Herbalife’s existing manufacturing facilities in Suzhou, and its botanical extraction plant in Changsha.
Herbalife has identified an existing, newly built facility in Jiangning High-tech Industry Park (JHIP), Nanjing as the location for its newest manufacturing facility, due to the unique environment it provides for companies operating in the life science industries, as well as the relative speed to operation in having only to renovate an existing facility.
JHIP brings together companies from across the entire industry – research and development; incubation; small- and large-scale manufacturing; and marketing – to create and foster innovation and intellectual collaboration. Herbalife will invest up to $40MM USD in a first phase of development, to bring the facility up to the highest operating standards.
This first phase is expected to be complete and the facility operational by the end of 2015, with the potential for a second phase of development, given the size and flexibility of the facility. This new facility will ultimately provide up to 65% of the company’s total product requirements in China.
Richard Goudis, chief operating officer, Herbalife said, “We are
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Amway Is Now The Exclusive Sponsor Of College Football Coaches Poll
by Tina Williams • • 0 Comments
Amway™ is now the first-ever and exclusive title sponsor of college football’s Coaches Poll. This unprecedented partnership between Amway™, USA TODAY Sports, and the American Football Coaches Association (AFCA) is a perfect fit.
The similarities between Amway Independent Business Owners and college football teams and their coaches is undeniable. Both seek out opportunities to define and own their success. Both set aggressive goals and work hard to ensure they exceed them. And both take advantage of being in the right place at the right time.
The new Amway college football sponsorship brings you a national, high-profile, door-opening conversation starter to engage prospects in something they already love! College Football is the most attended and second most watched sport in the U.S. The fans are smart, passionate, loyal and millions of them are looking for ways to be their own bosses. These are people who are entrepreneurs by nature, especially the younger fans.
Each year millions of people will see Amway’s name in connection to the Coaches Poll. And it isn’t just during the season that Amway will be getting attention. Social media is always buzzing about college football and the integration of your Amway business into social media conversation will create even more
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Avon’s Profits Fall 40%
by Tina Williams • • 0 Comments
Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
Net income attributable to Avon tumbled to $19 million, or 4 cents per share, in the second quarter ended June 30, from $31.9 million, or 7 cents per share, a year earlier.
Revenue fell 13 percent to $2.19 billion, excluding the impact of currency fluctuations.
About Avon
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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MonaVie Pays Out 500th Week And Over $1.4B In Commissions
by Tina Williams • • 0 Comments
This week marks a significant milestone for direct selling company MonaVie, who completes its 500th week of paying commissions to its independent distributor sales force. Commissions paid since the company was founded in January 2005 total $1,405,954,677.06.
MonaVie distributors can be found in 39 countries throughout the world. The company pays commissions in 18 different currencies, including: AUD, EUR, BRL, CAD, HKD, HUF, ILS, JPY, MYR, MXN, NZD, PLN, USD, SGD, KRW, TWD, THB and GBP.
MonaVie is proud to help its global distributor sales force achieve A More Meaningful Life through its healthful products and associated opportunity to earn a part- or full-time income. The company has produced 155 millionaires, which averages out to about 15 millionaires per year. MonaVie is set to celebrate its 10-year anniversary this January.
About MonaVie
Since 2005, MonaVie has developed premium products dedicated to promoting health and wellness worldwide. With distribution in 39 markets, MonaVie addresses four key areas necessary for optimal health—Nutrition, Weight, Energy, and Stress—with products made from the best and rarest ingredients on Earth.
The products, in conjunction with MonaVie VIEW Antioxidant Scanner, empower people to live healthier, more meaningful lives. That greater meaning is revealed through our heartfelt commitment to doing good in
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Herbalife Executives Buy $1.7 Million In Shares
by Tina Williams • • 0 Comments
Insiders at Herbalife threw their hats into the ring of the media circus surrounding the multi-level marketing firm.
Three Herbalife top executives bought 30,700 shares for $1,709,467, an average of $55.68 each, on July 31.
Chief Financial Officer John DeSimone bought 10,000 Herbalife (ticker: HLF ) shares for $555,600. He now holds a direct stake of 28,690 shares. DeSimone’s most recent previous transaction was on April 16, 2012, when he exercised options and sold 31,700 shares for $2.7 million, an average of $70.50 each, through a 10b5-1 plan.
Chief Operating Officer Richard Goudis bought 10,700 shares for $597,167. He now holds a direct stake of 166,969 shares. Goudis’ most recent previous transaction was on Nov. 29, 2012, when he bought 180,100 shares for $2 million, an average of $43.89 each.
Finally, President Desmond Walsh bought 10,000 shares for $556,700. He now holds a direct stake of 107,599 shares. Walsh’s most recent previous transaction was on April 3, 2012, when he exercised options and sold 125,500 shares for $5 million, an average of $69.44 each through a 10b5-1 plan.
All the executives hold stakes of less than 1% in Herbalife.
Walsh and Goudis joined Herbalife in 2004. DeSimone joined in 2007.
Herbalife did not respond to a phone call seeking
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Ackman Says “My Bad” On Herbalife Presentation
by Tina Williams • • 0 Comments
Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: “My bad.”
Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the private researcher who helped convince Ackman the company is an illegal pyramid scheme now says the details of a two-year investigation into Herbalife’s nutrition clubs were largely ignored.
Ackman had promised to show an Enron-style fraud during the event. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest one-day gain in the history of the company. Ackman’s firm, Pershing Square Capital Management LP, bet $1 billion against the stock in 2012.
“It was a PR failure,” Ackman said. “I think we raised expectations. People were looking for the dead body and the smoking gun and instead what they got was a three-hour detailed regulatory presentation.”
The shares declined 6.1 percent to $52.40 at the close in New York.
Lost amid the earlier share gain was research that offers evidence of an elaborate and secretive illegal recruiting system, said Christine Richard, a former journalist who helped Ackman present material at the New York event.
William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital
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ViSalus Honored With Kaltura Innovation Award And Four Telly Awards
by Tina Williams • • 0 Comments
ViSalus, Inc., the company behind the #1 90-Day weight-loss and fitness challenge platform in North America, took home a Kaltura Innovation Award for ‘Best Designed Video Experience’ for the release of their Vi-Net Pro application as well as four coveted 2014 Telly Awards for excellence in video production.
The Kaltura Innovation Awards celebrate cutting-edge and exciting applications of video, and recognized ViSalus as their 2014 ‘Best Designed Video Experience’ at Kaltura Connect, The Video Experience Conference held June 16-18 in New York City. Kaltura Connect remains at the forefront of video technology and acknowledged the Vi-Net Pro application as an innovative and premier mobile experience.
The company, whose mission is built around challenging others, took on its own Challenge and competed against 12,000 worldwide entries at the 34thAnnual Telly Awards— and won. For over a quarter century, the Telly statuette has been recognized as the premier award honoring the finest film and video productions, groundbreaking web commercials, and outstanding local, regional and cable TV commercials and programs.
ViSalus was honored with four Telly statuettes in the categories of: Online Video, Infomercial, Sales Program, and Live Event Segment.
“We love to innovate at Vi, and we are proud of creating and producing the highest quality programming
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Empower Network Expects 5,000 Attendees At Orlando Event In October
by Tina Williams • • 0 Comments
Blogging and leadership company Empower Network announced today that it has chosen Orlando and the Hyatt Regency Orlando at 9801 International Dr. for the location of its last quarterly conference for 2014.
The company expects up to 5,000 attendees at the October 23-26 event.
“The event and the location cannot be missed,” said CEO Jonathan Cronstedt. “Orlando has much to offer for our conference, including supplemental incentives like the area attractions, entertainment and dining options. We want our affiliates to better themselves and enjoy their time while attending these events; Orlando is the perfect place to achieve both.”
Attendees will learn about company products and hear members of the leadership team speak, and the newest members of Empower Network’s Millionaire’s Club will receive recognition. Empower Network also plans to donate time and money to a local charity during the quarterly conference.
In June, Empower Network hosted a training event in Charlotte with 2,300 attendees.
Empower Network also hosted a regional event in Orlando in October 2013. The 2013 event saw 2,000 attendees and brought in an estimated $2.64 million in economic spending for the Orlando area.
Empower Network deals with web, marketing and leadership tools for individuals looking to build businesses. With these tools, they don’t have to deal with many