An Indian inter-ministerial group evolving a legal framework to protect investors against frauds by ponzi operators is now working on how a single agency can take lead in investigating cases most of which are spread across states.
Central agencies like CBI are capable of taking up inter-state investigations. But they can only be handed over cases either on the request of the state governments or orders of a court.
Keeping this in mind, the inter-ministerial panel is now learnt to be focusing on how ponzi-related cases be handed over to an agency without waiting for court order or state government’s recommendation.
Various options are being considered, said sources in know of the development.
The committee is mandated to work out a new set of Standard Operating Procedures (SOP) to be followed by the government for central
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Zinzino Opens Canada – 13th Market
by Ted Nuyten • • 0 Comments
Swedish Zinzino continues to grow internationally with its establishment in Canada Zinzino AB (publ), one of the leading direct selling companies within functional food and coffee, continues to grow internationally. Canada becomes the 13th market Zinzino enters, and the expectations are high.
We have a high geographical establishment rate, which is in line with our expansion strategy. We have developed a model that allows us to quickly get started in the markets that we decide to go into, says Dag Bergheim Pettersen, CEO of Zinzino AB.
Zinzino, which was listed on the Nasdaq First North in December 2014, has placed great emphasis on ensuring the business is ready for continued expansion. Earlier in the year the company acquired Zinzino Faun Pharma AS and BioActive Foods AS, which means that it now controls the entire
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GWT & Feri Designer Lines Unveils Major Expansion
by Ted Nuyten • • 0 Comments
GWT CORP & FERI DESIGNER LINES UNVEILS MAJOR EXPANSION OF FASHION & LUXURY COLLECTIONS INTO A COMPLETE LIFESTYLE BRAND
(Ontario, Canada) – FERI DESIGNER LINES, a subsidiary of Global Wealth Trade (GWT), announced its bid to expand its various luxury collections and evolving them into a total lifestyle brand.
This bold move, kicked off by the recent introduction of an upscale footwear collection for women and men, is in line with GWT founder Ramin Mesgarlou’s long-term vision for FERI Designer Lines, which today already offers impeccably handcrafted handbags and wallets, precision timepieces, optical and sunglasses, opulent Sterling and Gold jewelry and soon to be released prestige grade fragrances, color cosmetics and anti aging skin care lines.
Industry observers and analysts are expressing enthusiastic anticipation over how the company is raising its stakes in the
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Ominto (DubLi) Files S-I Registration For An Offering Of Common Stock And Warrants
by Ted Nuyten • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping today announced it has filed an S-1 registration statement with the Securities and Exchange Commission relating to a proposed offering of new shares of its common stock and warrants to purchase additional shares of common stock.
The Company has also filed an application to list on NASDAQ Capital Market upon closing of the offering. The NASDAQ listing application is subject to review by NASDAQ and dependent on the Company meeting all of the necessary listing requirements of the NASDAQ Capital Market. Accordingly, there can be no guarantee that the Company’s application for listing on the NASDAQ Capital Market will be successful.
The offering will be made only by means of a prospectus filed with the Securities and Exchange Commission (SEC). A
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Trévo Prepares To Launch The United Kingdom
by Ted Nuyten • • 0 Comments
Trévo CEO Ready for European Leg of 2015 Tour.
Mark Stevens, the President and CEO of Trévo LLC, has been all over the world as part of his 2015 Extraordinary Lifestyle Tour, and next week he will add the United Kingdom to his list of tour stops.
Stevens will hit three different locations as part of a weeklong tour, starting with London on Tuesday, September 22nd.
The trip is being billed as the Trévo UK Vision Tour and will serve as a preliminary step in the company’s upcoming expansion into the European Union. There still isn’t a specific time frame for Trévo to actually launch in the UK, so this leg of the tour will serve strictly as a planning trip.
“We are thrilled about the prospect of extending Trévo reach into Europe,” Stevens said.
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Under 25 Group Increases By 16% In UK Direct Selling
by Ramya Chandrasekaran • • 0 Comments
The number of under 25 year olds working as direct sellers has increased by 16% since 2013, according to figures released by the Direct Selling Association (DSA) of UK.
The report – which surveyed the DSA’s member companies – found that the age group now makes up 22% of the industry, equating to 88,000 of the 400,000 direct sellers in Britain.
It was also revealed that there has been a 30% increase in the proportion of individuals whose income is generated solely by direct selling, with 104,000 counting it as their only job.
With recent data from The Social Entrepreneurs Foundation claiming that 47% of young people would like to start their own business, the DSA’s figures are thought to reflect the growing popularity of entrepreneurship in an increasingly competitive jobs market.
Direct selling includes products
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Vietnam Govt To Examine MLM Organisations
by Ramya Chandrasekaran • • 0 Comments
Vietnamese authorities will tighten the management of multi-level marketing activities to effectively control the operations of related business organisations, according to a news report by VietNam News, the national English daily.
This move followed an official document issued by the Government Office, showing opinions of Deputy Prime Minister Nguyen Xuan Phuc about handling violations in the MLM sector.
Phuc has instructed the Ministry of Industry and Trade to co-operate with other ministries and related sectors and localities, to monitor and examine the operations of multi-level marketing companies operating in Vietnam.
The Ministry of Public Security has been instructed to direct related agencies to control the business situation, and conduct basic investigations while checking misuse by organisations of multi-level marketing activities and imposing strict punishment on violators according to the law.
The media has recently reported the extensive misuse
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CenDyt IT services – Launches In The USA
by Ted Nuyten • • 0 Comments
CenDyt, based in Tenessee, USA is a new company that will utilize the real strength of direct sales, the multi level compensation system that strongly rewards for great performance, but will stay away from the known problems with the standard direct sales model.
CenDyt bridges the gap between businesses and the one thing people have on them all day long, their mobile phone.
The President and Co-Founder, Chad Manning, has 18 years of Network Marketing experience and 8 years of experience with the technology. James F McCain is CEO, Steve Howard, COO, and Paul Wells is Marketing Director.
The product/service is a Text Marketing Support System for businesses of all kinds. The company is an IT services business providing a means for businesses, small and large, to reach their customers with low cost and
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Doug Wead: “FTC Declares War On Direct Sales Businesses”
by Ted Nuyten • • 0 Comments
Doug Wead is a presidential historian who served as a senior adviser to the Ron Paul presidential campaign. He is a New York Times best-selling author, philanthropist, and adviser to two presidents, including President George H.W. Bush, with whom he co-authored the book “Man of Integrity.”
On 11 september he published the next article:
“The Arizona direct sales company Vemma was recently hit by the FTC and virtually shut down without a judge, jury, or trial. The income of thousands, including single mothers, housewives, young businessmen, retirees, and disabled veterans has been instantly blocked by the government agency.
Nobody will be paid, no matter what they have sold or what work of a lifetime they have done.
Ominously, among the reasons the FTC gave for its action, are methods that are employed by almost all other
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Italian Direct Sales Grew 5.3% To 802 Million In H1 2015
by Ramya Chandrasekaran • • 0 Comments
In Edward Scissorhands, the 1990 film by Tim Burton, Edward’s gothic mansion was discovered by a representative of Avon cosmetics, Peggy Boggs. Not surprising since the business of selling door to door is typically associated with the female world. Each of us, after all, has a friend, a relative or an acquaintance that has at least once proposed a product while comfortably seated on the sofa of their home.
The data just released by Univendita, the trade association that brings together companies involved in direct sales shows that this profession is primarily comprised of women in Italy. Direct sales professionals represent over 93% of all individuals involved in home businesses and at the end of June the sector employed more than 134,000 people.
President of Univendita, Ciro Sinatra explains,”In the survey we conducted with the University La Sapienza it is shown that direct