Youngevity International, Inc. (OTCQX: YGYI), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that it entered into a Note Purchase Agreement (the “Purchase Agreement”) with accredited investors, pursuant to which the Company issued $4.35 million aggregate principal amount of Secured Convertible Notes (the “Notes”) and Warrants to purchase up to 11,185,714 shares of its common stock (the “Warrants”).
The Notes, which mature in July 2019, are convertible into shares of the Company’s common stock at $0.35 cents per share. The Notes are secured by certain assets of the Company’s wholly owned subsidiary, CLR Roasters, LLC, personally guaranteed by the Company’s Chairman and CEO, Stephan Wallach, and bear interest at a rate of 8% per year. The Warrants are exercisable for five years after the closing date of the Purchase Agreement. For each $100,000 of principal amount of Notes, the holder received a warrant to purchase up to 257,143 shares of the Company’s common stock at $0.23 cents per share.
“This capital raise is another milestone for our company and we believe the acquisition of the additional coffee plantation coupled with additional capital
Tag Archive for MLM Facts
Hot Business News Today
Zija To Launch Two New Product Divisions at Upcoming 2014 Convention
by Nicole Dunkley • • 0 Comments
Thousands of Zija enthusiasts across the globe will come together this September for the company’s international convention being held in Salt Lake City, Utah. Not only will September 25-27 be an exciting time for Zija’s existing employees and Distributors, but millions will soon also be able to experience two new exciting product divisions being launched at Summit 2014: essential oils and sports and fitness nutrition products.
The life-changing and motivational weekend will also include huge prize giveaways, the unveiling of new promotions and tools, personal development speakers and breakout sessions, tours of Zija Corporate Headquarters including the company’s new state-of-the-art processing and shipping facility, training sessions with top field leaders, and an on-site store and expo.
Attendees will also receive invaluable product and business training from Zija corporate leaders including Founder, Ken Brailsford, President and CEO, Rod Larsen, Vice President of Sales, Ryan Palmer, Vice President of Research and Development, Dr. Joshua Plant, and Director of North American Sales, Jarom Dastrup.
Dan Clark, a world-renowned inspirational speaker and leadership trainer, will be Zija Summit’s featured Keynote speaker. Clark is the CEO of an international, high-performance consulting firm, a university professor, an award-winning athlete who fought his way back from a paralyzing injury
Hot Business News Today
Steve And Yvette Mitchell Earn Over $100K In Lifetime Earnings Through Visalus
by Tina Williams • • 0 Comments
Vi UK proudly recognizes 1-Star Ambassadors Steve and Yvette Mitchell for achieving over $100,000 in personal earnings.*
With almost 1,200 Rising Stars behind them, they have rapidly grown their business and generated over £2 million in sales since January 2014. They have also helped 250 Promoters achieve their BMWs and nearly 2,000 people earn their Challenge Kits for FREE.
“Our #1 reason for joining Vi was the opportunity it gave us to change more people’s lives. Already in a matter of months, that’s exactly what we’re doing, thanks to Vi,” said the Mitchells, adding, “Having fun, making money, helping people look and feel better, and positively changing lives—that’s a great way to live life… that’s the Vi-Life!”
ViSalus, Inc. is a healthy lifestyle company dedicated to Challenging the World… 10 lbs. at a time. Founded in 2005, ViSalus develops quality weight-management products and nutritional supplements that it markets and sells direct-to-consumers through an international sales force of independent promoters. ViSalus markets its products in North America under the ViSalus® brand, and in Europe under the Vi™ brand, through the PROJECT 10 Challenge®.
Having helped millions of people lose millions of lbs., The Challenge is one of the fastest growing weight-loss and fitness platforms in the world today. Headquartered in Los Angeles, California and Troy, Michigan, ViSalus is majority-owned by Blyth, Inc. (NYSE: BTH). For more information about
Hot Business News Today
Cosmetics Veteran, Diane Miles, Joins MonaVie’s Scientific Advisory Board
by Tina Williams • • 0 Comments
MonaVie announced cosmetics industry veteran Diane Miles has joined their Scientific Advisory Board (SAB). The addition of Diane will help round out the science and research as it pertains to how products can help consumers look and feel their best. In addition, she will play a key role in helping guide product development efforts into potential new market segments for MonaVie.
Diane brings more than 25 years of experience to MonaVie within the prestigious skin care, makeup, and fragrance sectors. She has exceled in a variety of key roles at renowned companies, including as CEO of skin care company Perricone, MD; president of Bare Escentuals, one of the most successful and fastest growing beauty brands in the United States; and CEO of Benefit Cosmetics, a now billion dollar brand based in San Francisco.
She has also worked extensively with luxury brands Dior (in London and New York) and L’Oreal in various sales, marketing, and management roles. Diane has a degree in Pharmacy from the University of London and is a registered pharmacist and member of the Pharmaceutical Society in the UK.
“The beauty world is changing, and the future of beauty will be a fusion of health and beauty,” said Diane. “Naturally, I’m excited to
Hot Business News Today
Health-Conscious Japanese Help Grow Mannatech’s Business
by Nicole Dunkley • • 0 Comments
Health-conscious Japanese consumers are helping Mannatech™, Inc. (NASDAQ: MTEX), the pioneer of nutritional glycobiology and leading innovator of naturally sourced supplements based on Real Food Technology™ solutions, grow its international business.
According to a report by McKinsey Quarterly, “Japan has been perceived as one of the world’s healthiest societies, thanks to a combination of lifestyle, diet and genetics, and Japanese consumers are increasingly conscious of their health.”
A recent government study by Alberta, Canada notes that, “the Japanese supplements market is the second largest in the world, after the U.S., and that Japanese consumers are among the most health-conscious in Asia.”
“Japan has been a good fit for our patented products as well as our marketing programs,” said Dr. Robert Sinnott, Mannatech CEO and Chief Science Officer. “Japan is the number two country in the world for marketing programs such as ours and the world’s second largest consumer market. So even though the direct selling field is crowded, our patented products stand out.”
“After the Tsunami tragedy in 2011, people started to think about mutual cooperation and connectivity,” said Tatsuya Ogami, Mannatech Japan General Manager. “The social entrepreneur culture here is also growing. This makes Japan a great fit for Mannatech’s
Hot Business News Today
Market America To Unveil New Products At 2014 Convention
by Nicole Dunkley • • 0 Comments
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
Hot Business News Today
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
Hot Business News Today
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
Hot Business News Today
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
Hot Business News Today
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.