Greenwich-based home fragrance and decor company Blyth (NYSE: BTH) announced last week a 16 percent decline in net sales for the second quarter of 2015 over the same period a year ago.
Net sales were $88 million compared to $104 million a year ago. The performance is only the latest in a string of poor quarterly reports from the company, and as a result shares have continued to plummet. Shares hit a 52-week low of $2.90 Wednesday and were up 0.59 percent at the end of trading Wednesday, still down almost 63 percent over a year ago.
Operating losses for the company totaled $7.1 million for the second quarter, compared to $2.1 million a year ago. The company recorded restructuring and impairment costs of $2.4 million at PartyLite’s manufacturing plant in Cumbria, England, related to the
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Momentis 2.0 Launches New Division And Brings On New Vp
by Tina Williams • • 0 Comments
Troy Warren of LetsTalkBusinessRadio.Com learned today that Momentis International has hired Muzafer Najfi as its Executive VP of Sales & Field Development as the company unveils what it calls Momentis 2.0.
According to Muzafer Momentis 2.0 refers to its launch into the Anti-Aging industry and is only the beginning.
Momentis International led by CEO Andy McWilliams and President Mike Adams began with humble beginnings in 2010 mostly focused on the home services sector.
As of 2015 the company is fortunate enough to own its own technology behind the success of its new skincare line (Mrejuvenate) instead of leasing it or reselling it via another manufacturer white label style.
It might not be such a big surprise why Momentis International is now focusing on Anti-Aging as the industry has turned into almost a half Trillion dollar market annually.
According to AARP,
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CVSL Revenue Increases 45.2% To $35.7 Million In Second Quarter
by Tina Williams • • 0 Comments
CVSL Inc. [NYSE MKT: CVSL] today announced financial results for its second quarter of 2015.
Revenue for the quarter was $35.7 million, up from $24.6 million in the second quarter last year, an increase of 45.2%. Operating loss was $2.5 million, compared to a loss of $4.1 million in last year’s second quarter, an improvement of 39.0%.
“We are very pleased with our second quarter results. The quarter clearly demonstrated the effectiveness of our strategy of buying companies at favorable prices and then applying our expertise to strengthen them and increase cash flow,” said John Rochon Jr., Vice Chairman of CVSL.
“These results compare favorably to our reported and pro forma first quarter numbers, and to the same period last year. With our cost management efforts now operating on all cylinders, we feel very good about
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SereniGy Merged With Rain International
by Ted Nuyten • • 0 Comments
SereniGy’s CEO, Jay Noland, announced today via conference call that SereniGy has come to an agreement to merge with Rain International, the Utah, USA based helath and wealth company.
Rain International stated:
“This allows the SereniGy legacy to accelerate at a much more rapid pace.
Rain International is a fast growing network marketing company in the industry. Rain currently operates full scale corporate infrastructures supporting over 20 Countries.
Rain International has posted sales of over $10 Million in 2012, over $20 Million in 2013, over $30 Million in 2014, and forcast to hit $60 Million in 2015.
Rain has already created several Millionaires in the International markets throughout Asia and Europe. Now Rain is bringing a major focus to the North American, South American, and Central American markets.
Due to SereniGy’s extensive International Network (available for business in
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Interview with Ringana Founder Andreas Wilfinger
by Ramya Chandrasekaran • • 0 Comments
Austrian cosmetics direct selling company Ringana’s founder Andreas Wilfinger was interviewed by German newspaper Kleine Zeitung where he talks about his roots, Facebook, aging and reveals why he has hundreds of creams in his bathroom.
Andreas Winfinger (46) founded Ringana in 1993 as a company that develops, produces and distributes nutritional supplements and fresh organic cosmetics made from natural plant ingredients, and has already worked its way into a leading market position in Austria and Germany. The company’s sales have climbed steadily in the last five years: 8.2 million euros (2010), 11.3 million euros (2011), 15.5 million euros (2012), 19 million euros (2013) and 26 million euros (2014). In 2008 Ringana moved into Schloss Hartberg, and in 2013 production moved into a 2700 square metres factory space established at a cost of three million euros.
The multichannel distribution strategy of
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Youlab Global Appoints Rick Gutman As Chief Sales Officer
by Ramya Chandrasekaran • • 0 Comments
Youlab Global, a new Ageless Living social commerce company, has announced that industry veteran Rick Gutman has joined the company as Chief Sales Officer. In his new role, Gutman will be leading, mentoring and cultivating Youlab Global’s Independent Executives in driving sales and achieving personal goals.
“We are excited to announce another stellar addition to the Youlab Global Executive team,” stated John de Vries, Founder and CEO of Youlab Global. “With Rick’s outstanding track record in the MLM industry, we are certain that he will play an integral role in taking our company and staff to the next level.”
Gutman realized early on in his working career that having a “9 to 5” job got in the way of earning, and has been self-employed ever since. Using his background in business, investment and real
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Isagenix Raises Over $500,000 For Make-A-Wish
by Tina Williams • • 0 Comments
Isagenix International, a global health and wellness company, ended its annual Celebration 2015 Breakthrough event in San Diego today by raising more than $565,000 for Make-A-Wish® through fundraising and generous Associate and corporate pledges.
Additionally, Isagenix and Make-A-Wish surprised wish kid Tanika, a 10-year-old battling leukemia, with an on-stage wish reveal. This fall, her wish to have a backyard makeover will be granted!
“We are dedicated to playing a significant role in impacting the overall health and the wellbeing of others through our support of children’s charities,” said Kathy Coover, Isagenix co-founder and executive vice president. “Our team loves to see the happiness reflected in the faces of the children and families we help, especially when they realize that we have helped to make their one true wish a reality.”
During the past 11 years, Isagenix has raised more than $6.2
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Robert Blackman Joins Total Life Changes
by Nicole Dunkley • • 0 Comments
Robert Blackman, a thirty-five year Network Marketing veteran has joined forces with Total Life Changes. As the owner of his own printing plant, Robert merged his warm marketing techniques into the cold market with direct mail recruiting. In one year alone he had over 8,000,000 postcards mailed through co-ops in his organization at no cost to him.
He has helped design and create one of the world’s largest online recruiting systems that generated over 3,000,000 opt-ins and converted 80,000 of those into paid auto-ship distributors in an 18-month period. Robert is one of few distributers that have created large downlines using both warm and cold marketing techniques with direct mailings and the Internet.
Says Robert:
“Sixteen years ago Jack Fallon, the CEO of TLC, was in my downline. We both left that company to
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Your Inspiration At Home Announces Auto-Ship Spice Program
by Ramya Chandrasekaran • • 0 Comments
An innovative new auto-ship program for spices called The Flavour Stack™ will launch worldwide next month and was unveiled at Your Inspiration At Home’s annual convention in Gold Coast Australia. Your Inspiration At Home CEO Colleen Walters made the announcement.
The Flavour Stack delivers packs of pre-arranged “pods” and recipe cards directly to customers’ homes every month. The plastic pods contain the exact portion of Your Inspiration At Home spices, dukkah, or infused extra virgin olive oils needed to make the included recipes. Pods are stacked and boxed in groups of three, with multiple stacks included in each package.
Recipes used in The Flavour Stack come from Your Inspiration At Home Independent Sales Consultants, and are uncomplicated, easy-to-make meals designed for at-home cooks. Each stack makes a meal for at least four people. Recipe cards include an easy tear-off grocery list.
“The Flavour
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Tech Specific Convention Set For Direct-Sellers
by Tina Williams • • 0 Comments
Technology innovator and mobile solutions provider Fragmob announced today that registration is open for the Red Escape Intergalactic Technology Convention, held October 8-9, 2015, at the Andaz Hotel in downtown San Diego, CA.
Executives in the $176 billion global Direct Selling industry have long awaited a technology-centric convention specifically tailored to their industry’s challenges and opportunities. Fragmob has responded by creating an event that will show how critical the coming together of innovative technology is for the Direct Selling industry in order to thrive into the future.
“The Red Escape Intergalactic Technology Convention is Fragmob’s answer to the question our clients always ask us: What is next in technology?” Fragmob VP of Client Experience Michael McMillan said.
“This convention is the forum for Direct Selling executives and industry VIPs to discover the answer. Attendees will