Moody’s Investors Service (“Moody’s”) appended a limited default “/LD” designation to Isagenix International, LLC’s (“Isagenix”) Probability of Default Rating (PDR), changing the PDR to C-PD/LD from C-PD.
The/LD designation reflects Moody’s view that Isagenix’s continued failure beyond the grace period to make its interest and principal payments that were due in September 2022 on its senior secured first lien credit facility is a limited default despite the company having entered into a forbearance agreement.
The limited default designation will remain until the company resolves the missed interest and principal payments. Isagenix’s Corporate Family Rating remains unchanged at C and the outlook remains negative.
Isagenix’s C Corporate Family Rating reflects the high likelihood of a debt restructuring based on the company operating under a forbearance agreement due to missed interest and principal payments due in September 2022. The company’s high leverage, refinancing risk driven by expiration of the revolving credit facility in June 2023, and weak operating performance as earnings continue to decline indicate the current debt structure is untenable.
Moody’s believes a deterioration in member base and weakening consumer demand is contributing to revenue declines, which combined with inflationary cost pressures is leading to significant EBITDA erosion.
Moody’s anticipates ongoing headwinds in the
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The Happy Co. Global Convention was a hit!
by Nicole Dunkley • • 0 Comments
Best. Convention. Ever!
It was evident that the lives of the hundreds of Brand Partners who attended The Happy Co. Global Convention last weekend will be forever changed.
The verdict is in – a new chapter has begun for The Happy Co.
“This year’s HCo. Global Convention was focused on our Brand Partners and our commitment to them to simplify and empower them to build their businesses to the next level.
We left the convention with renewed conviction knowing that change is happening in a positive way to make our company better to serve our Brand Partners and their customers.
I am personally excited to begin this new chapter with The Happy Co. and its successful future”
stated John “JT” Thatch, CEO
A Prestigious Kick-off
The Happy Co. Global Convention with kicked off with a special leadership reception at the prestigious Cowboys Club.
A Special Surprise
At the 90s party, attendees were treated to a surprise special guest – industry legend, Eric Worre. Mr. Worre also delivered a keynote presentation on Saturday morning that left the audience absolutely mesmerized!
“It was our goal with this event to do something different!
Most companies fight to get ONE solid keynote speaker at their event…
We had 5! Covering every topic
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Kristin Adams Hits Rock Star Elite Rank At Velovita
by Team Business For Home • • 0 Comments
Velovita recently hosted their annual XLR8 2022 convention, and Members across the country gathered in Dallas, Texas for a weekend full of inspiration, top-level training, exciting announcements, and celebration.
For Kristin Adams, the eventful weekend was particularly uplifting as it came with tremendous triumphs and 2 much-deserved awards.
The Velovita Member reached Rock Star Elite while attending the company’s annual convention – a commendable feat only the most devoted have achieved.
Outside of network marketing, Kristin is a nurse practitioner by trade and has worked urgent care to intensive care and everything in between. Health and wellness has always been Kristin’s focus.
However, she strives to make an impact in all aspects of her Velovita business:
Leadership
Health
Income
Impact and
Vision
When asked what it felt to hit this milestone during the company’s annual convention, Kristin shares,
“It was so incredible to see my team rally together. With the new product launch and exciting promotions, Members were winning and hitting their goals.
I was blessed to be able to celebrate the moment my promotion hit with the global master distributors Richard and Mary Amoedo in their suite with their family; A surreal moment I will cherish always.”
Alone we can do so little; together we can do so much.
Kristen Adams with
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Gerson Osorio From Colombia Achieves Diamond Rank At DECENTRA
by Team Business For Home • • 0 Comments
According to a DECENTRA press release:
One of the most recent Diamonds within DECENTRA is Gerson Osorio, from Colombia. Gerson boasts over 7 years of experience in the industry.
He started out at a company that was distributing physical products and admits that that experience helped him understand the potential of network marketing and how exponentially the growth can be for every person involved, regardless of their situation.
Telling his story, Gerson makes a special remark on the attitude a newbie can have towards the business in terms of dedication:
“One of the most important mistakes I made when I started was thinking that I could take up this business as a hobby. Thankfully, in a few months, I understood that making it professional was going to make a surprising difference. It’s very important to be fully dedicated to network marketing.
I can also say that one of my best experiences is to see how in a short time the people who work with me improved not only in their financial, personal, mental, emotional state and radically changed their lifestyle, but I also understood that if you focus your energy, your time and your work in the right community you can fulfil the promise of
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Validus Appoints Dani Balogun As Strategic Advisor And VP Of Africa
by Team Business For Home • • 0 Comments
According to a Validus Press release:
Dani Balogun expresses his delight at taking on the role of Strategic Advisor and VP of Africa for Validus. He brings his connections and insights into African, Caribbean, and European business and trade.
Originating in Africa, Dani moved to the Netherlands in his early childhood. He grew up in Rotterdam and, on leaving school, he looked to make positive choices about improving his environment and life.
In addition, Dani wanted to invest time and effort in developing his discipline, leadership, and strategic thinking. These aims led to Dani’s years in the Dutch military, and he describes this time as defining both his capabilities and his character.
Dani stated:
“I developed my foundation as a leader with integrity, people skills and discipline there.”
On departing his military career, Dani was introduced to network marketing. He immediately saw its potential and built a global organisation of thousands of people. Becoming rapidly successful, he was able to aid in the success of hundreds of leaders who are still successful both within and outside network marketing.
Despite his close connection to Holland, Dani never lost his love for and bond with his home continent of Africa. Now living in Ghana and with business interests across
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LR Health & Beauty Launches The Zeitgard Pro Cosmetic Device
by Team Business For Home • • 0 Comments
With the launch of its new product, LR Health & Beauty once again proves its innovative strength. Sales of the ZEITGARD PRO COSMETIC DEVICE with its ground-breaking technology have already started.
As a cosmetic device for home use with interchangeable beauty tools, the new product combines four care routines: it enables deep-pore facial cleansing and intense peeling, it acts as an anti-aging booster, and it firms up your body skin. When used together with basic care products appropriate for your age and skincare needs, the ZEITGARD PRO ensures timelessly beautiful skin.
“We are proud to introduce the new ZEITGARD PRO, a real high-tech product that significantly improves the daily beauty routines of our customers. The entire LR team and I are so confident of our innovation that we have even filed a patent application for the ZEITGARD PRO in Germany,”
enthuses CEO Dr. Andreas Laabs.
Throughout the development of the ZEITGARD PRO, LR collaborated with Dr. med. Gerrit Schlippe. The specialist for dermatology & venereology confirms the innovative power of the new product: “The device is a real all-rounder and can give you beauty salon results.
The Zeitgard
” This is partly down to the ultrasound vibrations. On the one hand, they help transport the
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Nguyen Lam Sanh Joins QuiAri
by Nicole Dunkley • • 0 Comments
QuiAri wasn’t the first health and wellness Direct Sales company Champion Promoter, Nguyen Lam Sanh has joined, but it will definitely be his last.
He is telling everyone all over the world about his new forever home, and he’s encouraging others in the industry to do the same.
“I have decades of experience in the health and wellness industry. I can tell you that an opportunity like QuiAri only comes along once in a lifetime as a Promoter. If you miss out, you will seriously regret it.
QuiAri has all of the ingredients necessary to make a billion-dollar brand – unique products you can’t get anywhere else, a Compensation Plan that pays in the blink of an eye, and a global footprint in over 100+ countries.
That’s not to mention world-class support and an Executive Team with over 300 years of experience,”
QuiAri Champion Promoter, Nguyen Lam Sanh.
The truth is – Nguyen Lam Sanh wasn’t even looking for a new opportunity when his friend, QuiAri Promoter, Thai Thi Minh Nguyet, introduced him to QuiAri. He had already achieved one of the highest ranks at his previous company and was initially only interested in joining QuiAri as a Customer.
“Despite my extensive experience
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Top Leader Ryta Khouri From The Middle East Joins BE
by Team Business For Home • • 0 Comments
According to a BE press release:
Another network marketing industry leader has joined BE.
BE welcomes another talented and inspiring entrepreneur, the newest addition to its stronghold of outstanding publishers. Ryta Khouri’s team has shown great promise throughout challenging economic periods, serving as an inspiration to many in the field.
“Ryta’s focus on encouraging people to focus on what they can do rather than what they cannot do makes her and the whole team an empowering force. We’re excited to have them join our BE family”,
shared by BE Founders Monir, Moyn, and Ehsaan Islam.
After graduating as a computer engineer in Lebanon, Ryta thought her lifestyle would be better, and she’d have more freedom. However, when the economic crisis hit Lebanon and then the pandemic, she knew this wouldn’t be the case anymore.
“When I met network marketing four years ago, I immediately fell in love with this industry. I left everything behind to start my career in network marketing. There was no other option for me.
“However, I started feeling down after the pandemic. The tech world was taking over, and I could see digital companies taking over soon. My income dropped, and so did my team’s. I lost my fire. But what kept
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Satish Dubey From India Achieves Global Ambassador Rank At iX Global
by Team Business For Home • • 0 Comments
According to an iX Global Press release
iX Global would like to congratulate Satish Dubey for recently achieving the rank of Global Ambassador at iX Global. Satish has been with iX Global for the last two and a half years building teams and learning from the educational products and services the iX Global platform provides.
Satish holds the financial products on the iX Global platform in high regard and promotes them heavily to his Brand Ambassador community.
Satish Dubey grew up in a lower middle class family with very humble financial means. He did not get a chance to attend a high level university due to the family’s financial status, and he worked very hard to do well enough to improve his quality of life.
He was able to get good grades at the schools he attended which then allowed him to secure a good job in the field of his expertise; this gave him the first taste of what a better life could be like.
But after some time he realized that he did not get to spend as much time as he would want to with his family, and began to look for ways to find time freedom that still allowed him to
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Velovita Hosts Annual XLR8 Convention
by Team Business For Home • • 0 Comments
Kosta Gara and Jeff Mack just hosted their second Velovita XLR8 convention in Dallas, Texas – and the event was jam-packed with energy, recognition, top-level training, exciting announcements, and a clear vision for the future.
Velovita’s Newest Biohack Product
Among the major announcements was the introduction of their highly-anticipated product tuün™ Resonate – a first for the company. The new state-of-the-art wearable biohack is designed to help protect your body from electromagnetic radiation and other stressors, allowing your body to operate like the finely tuned machine it is.
The compelling presentation by Velovita’s Scientific Advisor got the capacity crowd enthusiastic about furthering Velovita’s mission of helping others be at their best, and the results attendees felt after only hours had the crowd buzzing with excitement! tuün™
Resonate is now available in Rose Gold and Black on their replicated site at retail prices, offering even more retail profit potential for Members.
tuün™ Resonate Soft-Launch in 38 New Countries
A wider reach for a new product! During their XLR8 convention, Velovita Founders announced that starting October 3rd, their latest product tuün™ Resonate, will be sold in 38 new countries, including a few from Latin America (Argentina, Brazil, Chile, Costa Rica, Peru), Africa (Ghana, Nigeria, Uganda, South Africa, Zambia)