SOZO global a nutritional beverage Multi Level Marketing Company is seeking relief after defaulting on 15 million dollars in debt.
After five years in business and spending in excess of 15 million dollars in capital the company founded by CEO Mark Adams of Austin Texas, has yet to yield a profitable month.
The company has terminated their United States workforce, closed down its operations in Korea, Philippines, Singapore and Malaysia and defaulted on millions of dollars to suppliers. Canadian third party logistics provider MMP Enterprises has moved to seize inventory and liquidate via auction in an effort to recover invoices defaulted on for services performed.
Multiple suppliers have filed lawsuits for failure to pay for inventory and tools per the terms of purchase. SOZO has left hotels & convention centers in the United