Herbalife Ltd. (NYSE:HLF) today issued the following statement in response to Bill Ackman’s three-hour, presentation on the Company’s nutrition clubs:
Herbalife is a 34-year old nutrition company with 7,400 employees worldwide and millions of members. Today, Mr. Ackman highlighted many of the reasons we are proud of our company, our record and the value we bring to members, consumers and communities around the world. His presentation reaffirmed that:
Herbalife is first and foremost a company with great products that people want.
There are hundreds of thousands of members and millions more consumers who choose Herbalife for our products and community-based approach to health and wellness.
There is a comprehensive training system for members who aspire to open their own nutrition club so that they are fully informed of the time, commitment and skills required to do so.
Once again, Bill Ackman has over-promised and under-delivered on his $1 billion bet against our company. After spending $50 million, two years and tens of thousands of man-hours, Bill Ackman further demonstrated today that the facts are on our side.
We will continue to focus on our mission of bringing good nutrition and economic opportunities to communities across the globe. We recognize that he is running out of time to make good on his bad bet
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QNET Hails Move To Amend Laws That Regulate Direct Selling
by Nicole Dunkley • • 0 Comments
Welcoming the Union Finance Minister Arun Jaitley’s announcement about proposed amendment to the Prize Chits and Money Circulation Scheme (Banning) Act, 1978, direct selling company QNET lauded the forthcoming clarifications and called for setting up a regulator to monitor the business.
Jaitley said in his budget speech: “As part of the legislative initiatives under financial sector reforms, it is proposed to bridge the regulatory gap under the Prize Chits and Money Circulation Scheme (Banning) Act, 1978.”
“This step is expected to facilitate effective regulation of companies and entities which have duped a large number of poor and vulnerable people in this country,” Jaitey said.
Appreciating the initiative Zaheer Merchant of QNET’s Corporate Affairs, said that the direct selling business, unfortunately, was being clubbed under the Prize Chits Act due to certain misconceptions.
“The amended Act will hopefully take care of this, clarify the differences and encourage genuine direct selling as opposed to other forms of schemes,” Mr Merchant said.
Direct selling, he said, generates employment, encourages self employment, cuts down marketing and promotional expenses, apart from contributing to the exchequer. The need of the hour, therefore, is to formulate clear cut laws to govern the MLM and direct selling industry in India.
Merchant pointed out that other fast growing economies such as
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Visalus’ Adam Franklin Shares His Inspiring Story
by Tina Williams • • 0 Comments
Living in Ona, West Virginia today, Adam Franklin has always been a determined person. At 33 and having sustained severe injuries overseas, he is now a retired veteran.
After serving two terms in Afghanistan and Iraq, and too many airborn jumps, Adam endured reconstructive shoulder surgery, major hip surgery, five ruptured discs in his back, ankle and knee injuries. By 2003, he was in full traction.
When the news came that he’d probably never walk again, Adam didn’t take it well.
“I was given a second chance to live my life to the fullest,” he says. “I had so many friends who weren’t given this chance and will never get to… It’d be doing them a disservice to just give up.”
So Adam pushed himself as hard as he could, day after day. In time, he graduated from wheel chair to a walker. Then from crutches to a cane. By 2006, he was walking again with nothing supporting him but his own two legs.
HE KEPT GOING
Now living a mobile life, Adam was determined to take off the weight he’d put on by being sedentary for so long.
He tried a popular weight-loss platform but found it lacked the supportive community he needed. When he was first introduced
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Nu Skin Publishes Average USA Distributor Earnings
by Ted Nuyten • • 0 Comments
According to Nu Skin:
In 2013, the Company paid approximately $143,266,000 in commissions to Distributors residing in the United States.
There are two fundamental ways in which a Distributor can earn compensation:
Through retail markups on sales of products purchased at wholesale prices; and
Through commissions (sometimes called bonuses) paid on one’s product sales and the sales of other Distributors in one’s downline sales network. As with any other sales opportunity, the compensation earned by Distributors varies significantly and is based upon the time Distributors devote to the business, etc. The cost to become a Distributor is very low.
People become Distributors for various reasons. Many people become Distributors simply to enjoy the Company’s products at wholesale prices. Some join the business to improve their skills or to experience the management of their own business. Others become Distributors, but for various reasons, never purchase products from the Company.
Consequently, many Distributors never qualify to receive commissions. Generating meaningful compensation as a Distributor requires considerable time, effort, and commitment. This is not a get rich quick program. There are no guarantees of financial success.
The average commission paid to U.S. Active Distributors each month was $176.00, or $2,112.05 on an annualized basis. In 2013, the average monthly
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Herbalife Calls Bill Ackman “The Worst Of Wall Street”
by Tina Williams • • 0 Comments
Herbalife’s digital media strategy fighting off Bill Ackman’s short campaign appears to include comparing the fund manager to Jordan Belfort-a convicted felon who ran a 90s-era boiler room, wrote a best-selling book and had a movie starring Leonardo DiCaprio made about him.
On July 17, verified Twitter account @HerbalifeTRUTH tweeted a superimposed an image of Ackman on a “Wolf of Wall Street” movie poster calling him the “Worst of Wall Street.”
The Twitter account linked to a press release slamming Pershing Square’s short bet against Herbalife.
“Ultimately, Pershing Square’s campaign is based on propaganda, and we look forward to demonstrating that its assumptions will crumble under serious and independent scrutiny.”
It’s unclear who exactly is behind the @HerbalifeTRUTH Twitter account. It links back to Iamherbalife.com. The two authors listed on the site areHerbalife and Andy Amsler, who works for digital media campaign company Podesta Group.
Ackman is loudly short Herbalife-a multi-level marketer that sells weight loss shakes and nutritional supplements. Ackman believes the company operates as a “pyramid scheme” that targets lower income individuals.
Herbalife has denied and continues to deny Ackman’s accusations.
On Tuesday, Ackman will be giving another one of his presentations on an investigation into how the company operates its nutrition clubs.
“An in-depth analysis and examination of these clubs-which Herbalife claims
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Jeunesse Expands To Africa
by Tina Williams • • 0 Comments
Jeunesse Global, a world leader in natural anti-aging skin care and nutritional supplements is expanding their global sales distribution throughout Africa, including Nigeria. Jeunesse, a United States based company, currently has sales operations in over 95 countries worldwide covering Europe, the Americas and Asia. Last month’s global sales exceeding $40 million dollars.
In just over 4 years, Jeunesse has become one of the top direct sales companies in the world and is predicted by many to be a billion dollar company in the next few years. The timing to build a local, national and international business with Jeunesse is excellent due to the exploding anti-aging market expected to be $1 trillion dollars by 2025.
More and more people want to look and feel younger, as they get older. They want to age, youthfully and Jeunesse has a line of proprietary, clinically tested products that deliver real-world results. Because of the results people get with the products, Jeunesse distributors are making considerable incomes. Successful distributors are making 6 figure (U.S. dollars) annual incomes, while the very top distributors are making 7 figure annual incomes.
Jeunesse is formally launching their products and business opportunity in the Nigerian marketplace with a four city tour this month as part
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TelexFree Hearing Next Week
by Tina Williams • • 0 Comments
A hearing will be held in Boston next Tuesday to determine whether an Ashland man accused of running an international pyramid scheme can access $4 million of his money to help fund his defense.
TelexFREE co-owner James Merrill initially asked the U.S. District Court two weeks ago to release the funds, which he said are necessary to cover the exorbitant cost of defending himself against a charge of conspiracy to commit wire fraud.
But government prosecutors have resisted, telling the court Merrill has not shown the money didn’t come from TelexFREE, which several state and federal agencies have charged with being a pyramid scheme.
The hearing will be held before Magistrate Judge David H. Hennessy at 9:30 a.m., according to court records.
TelexFREE was ordered to shut down last summer in Brazil, after a judge ruled it a “financial pyramid” scheme, according to news reports.
Galvin’s complaint says the company has raised over $1 billion worldwide, “often from honest earnings and savings accounts of Brazilian-Americans and other minorities.’’
The scheme works by constantly bringing in new money, the state alleged. For instance, participants are recruited to invest either $289 or $1,375, and receive a number of advertising kits in return. By posting ads on web sites
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Industry Veteran Dori O’Neill Joins Quanta
by Tina Williams • • 0 Comments
Dori O’Neill out of Vancouver Canada has positioned in the field with Quanta.
They say experience pays huge dividends. Dori O’Neill has decades of it. Having built a company from the corporate side of MLM to over 600 million in international sales he has now aligned as an affiliate in the field with the new and fast growing personal development company, Quanta, founded by Jim Lutes and Jim Britt.
Mr O’Neill has extensive experience opening Asian markets as well as North America. He feels Quanta is an ideal fit to bring his knowledge to team building in the field. Quanta is a truly unique category and market positioning says O’Neill. No other company I could find had such a powerful life changing market positioning combined with cutting edge, contemporary programs and infrastructure.
About Quanta:
Quanta is a company founded by personal development and network marketing veterans Jim Britt and Jim Lutes. Based in California, Quanta markets cutting edge personal growth programs in over 175 countries.
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Sandra Bullock Tupperware Movie Acquired By Sony Pictures
by Tina Williams • • 0 Comments
“The Help” director Tate Taylor is attached to helm the project about the rise and fall of Tupperware marketing exec Brownie Wise.
Sony has signed a deal to acquire an untitled project detailing the rise of a Tupperware exec that hasSandra Bullock attached to star and Tate Taylor set to direct.
David Hoberman and Todd Lieberman of Mandeville Films and Television, whose credits range from The Fighter to The Muppets, packaged the project and are producing along with Tom Shelly. Taylor will also produce via his Wyolah Films shingle.
The project was picked up in a competitive environment and several studios, including Warners and Paramount, were bidding, according to sources. The movie marks the first official role Bullock has taken on since her Oscar nomination this year for her performance in Gravity.
Taylor wrote the script for the project, which is based on Tupperware Unsealed, the nonfiction book written by Bob Kealing about Tupperware marketing guru Brownie Wise.
Tupperware was originally developed by Earl Silas Tupper but took off in the 1950s when sales exec Wise came up with the idea of having Tupperware parties. Soon those gatherings were sweeping the nation, and Wise became as popular as the product she was selling. In 1954, she became the first woman to appear on the cover of Businessweek.
Wise, unfortunately, began clashing with Tupper, who eventually
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Top Industry Leader, Lee Nguyen, Joins Vemma
by Tina Williams • • 0 Comments
Vemma Nutrition Company is excited to welcome Lee Nguyen as the newest Affiliate to join the company.
Lee Nguyen previously owned a manufacturing and retailing business in South Florida. He joined the network marketing industry nine years ago. Previously, Nguyen earned a significant income with another company and now has decided to make Vemma his home.
“I made great money with my traditional business and I loved what I was doing, but I didn’t have a lot of time for my family,” said Nguyen. “When I discovered network marketing and the power of residual income, I was blown away.”
In his early years exploring the business, Lee learned from many successful leaders in the industry and was able to reach a pinnacle position in his previous company.
“I am a big believer in the industry. It is truly a great opportunity for anyone who wants to get ahead. I have been blessed to reclaim my time freedom, and I am very grateful to be in a position today to inspire others to dream big and to empower them to realize their potential to change their life,” he said.
The Vemma brands include the clinically studied Verve® healthy energy drink and Vemma Bod-e®, a weight