A powerhouse panel of direct selling company CEOs spent nearly two hours on stage as part of the World Federation of Direct Selling Associations 2014 World Congress in Rio de Janeiro, Brazil.
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PartyLite Sponsors The Humane Society’s 60th Anniversary Gala
by mallen@directsellingnews.com • • 0 Comments
Jonathan Adler’s second collection for PartyLite will debut in December, but guests of The Humane Society of the United States will get a preview during the organization’s annual black-tie gala.
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Youngevity Reports Q3 Revenues Increased 77.3%
by Nicole Dunkley • • 0 Comments
Youngevity International, Inc., 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, reported financial results for the third quarter of 2014.
2014 Third Quarter Highlights:
Net revenue increased 77.3% to $37.6 million compared to $21.2 million in the same period last year.
Gross profit increased 62.8% to $21.0 million compared to $12.9 million in the same period last year.
Operating income was $1.2 million, an increase of 32.4% over the same period last year.
Net income decreased to $185,000 compared to $516,000 in the same period last year.
Adjusted EBITDA* increased 23.5% to $2.1 million compared to $1.7 million in the same period last year.
“We are pleased with our results this quarter and we remain focused on executing on the significant long-term growth opportunities that exist for our direct selling and coffee business segments,” stated Steve Wallach, Chairman and CEO of Youngevity International. Mr. Wallach continued, “In the third quarter, we invested in capital improvements to optimize our business operations and improve the foundation of our business to support our global growth. As we begin the final quarter of this fiscal year, we remain committed to growing aggressively through acquisitions
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Herbalife Director Is Being Charged In Brazilian Embezzlement Case
by Tina Williams • • 0 Comments
A director of U.S. nutrition company Herbalife is among 12 people charged in a years-old Brazilian embezzlement case that has never been mentioned in Herbalife public disclosures, according to court documents and company filings.
Herbalife has become one of America’s most closely-watched companies after billionaire investors William Ackman and Carl Icahn squared off with enormous bets on its future, with Ackman betting on its demise and Icahn on its success.
Prosecutors in Brazil charged current Herbalife board member Pedro Cardoso with money laundering in 2008 for allegedly participating in an embezzlement scheme a decade earlier that siphoned 26.7 million Brazilian reais ($10.4 million) from the state government in Espirito Santo.
The 8th Criminal Court of Vitoria ordered bailiffs to serve him with a subpoena in 2010, but they did not locate him and the case remains open, according to court filings and a court source.
According to the U.S. Securities and Exchange Commission’s rules on disclosure, companies must report legal proceedings that are material to evaluating the integrity of a director. Herbalife has not made the information about Cardoso’s case public, according to proxy statements it has filed since 2009 when Cardoso joined the company’s board.
Cardoso said in a statement dated this week emailed to
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Top Industry Leader Freddy Melero Joins LIMU
by Ted Nuyten • • 0 Comments
Freddy and Catherine Melero are two of the most passionate and high profile entrepreneurs in the industry.
As 17-year direct sales veterans, they’ve become prolific at turning big passion into big profit — having recently reached $2 million in earnings in their former opportunity.
They also have a true passion for people, having impacted tens of thousands of lives in markets all across the globe, or as Freddy puts it: “empowering and inspiring people to be more, do more, and have more.”
From his first introduction to network marketing, he’s been enamored with the whole industry and how you can leave people better off than you found them.
“We believe we have the best chance at success right here, right now at LIMU. High-quality products, aggressive international expansion plans, an unparalleled compensation plan and the incredible marketing buzz that’s already here, align perfectly with our energy, vision and goals.
This company has been a hidden gem for ten years — it’s the best kept secret in the industry! This is a rare moment — leaders from across the industry are taking notice and realizing what we have going on here at LIMU. That’s why I’m so excited to be joining forces with
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Zrii In Process Of Expanding Into Southeast Asia
by Nicole Dunkley • • 0 Comments
Zrii has been experiencing rapid growth in countries around the world, such as Colombia, Peru, Mexico, Costa Rica, Guatemala, New Zealand, and Australia, among others. Growth in these markets has propelled Zrii to a milestone that few companies ever achieve in network marketing: more than $10 million a month in sales.
Riding this wave of success, Zrii is excited to announce that it is in the process of expanding its global operations into Kuala Lumpur, Malaysia. Kuala Lumpur is one of the top 10 markets within the Direct Selling industry and one of the fastest growing markets in the world.
Bill Farley, Founder and CEO of Zrii, states, “From day one, I have always envisioned Zrii as a global brand. Through the leadership of our President, A.K. Khalil and our entire corporate staff, we have been able to turn that vision into a reality over the last 2 years. That vision continues with our expansion into Southeast Asia.”
Zrii’s President, A.K. Khalil, states, “Our goal is to turn Zrii into a multi-billion dollar brand. Partnering with our tremendous field leadership, we have successfully planned for and launched Zrii in markets across Latin America – resulting in growth of over 1000% in a
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Global 1 Entertainment, G1E Fantasy Sports Platform Experiencing Rapid Growth
by Nicole Dunkley • • 0 Comments
Global 1 Entertainment or G1E announced this week that their Fantasy Sports website – G1E Fantasy Sports – launched at the beginning of the NFL football season in September and has seen customer acquisition grow immensely.
“Our goal was to give our network IBO’s an exciting platform to attract new customers and distributors,” said Rick Maike, President and CEO of Global 1 Entertainment. “The numbers have been increasing weekly. I knew we would have interested people in playing Fantasy Football, but never did we envision how many new customers would participate in G1E Fantasy Sports in such a short period of time.”
Doyce Barnes, Vice President of Marketing for Global 1 Entertainment agreed with the unexpected rise in the number of players. “We simply wanted to provide something fun and entertaining so that out team members could capitalize on being ‘First to Market’. We have done that and much more.”
G1E Fantasy Sports is part of an estimated $15 Billion market that is exploding worldwide. Global 1 Entertainment is the first network marketing company to offer fantasy sports to its members and customers.
Each week G1E Independent Business Owners (IBO’s) can play Fantasy sports themselves while also bringing in unlimited numbers of customers to
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Mannatech Officially Completes The M5M China Run
by Nicole Dunkley • • 0 Comments
Mannatech®, Incorporated, the pioneer of nutritional glycobiology, leading innovator of naturally-sourced supplements based on Real Food Technology® solutions, and creator of the M5M (Mission 5 MillionSM) social entrepreneurial movement, announced that on October 28, 2014, ultra-endurance athlete Jason Lester officially passed the finish line of the M5M China Run. Lester became the first person in history to complete a solo run of 2,500 miles across the Great Wall of China in 100 days or less to raise awareness of the global epidemic of childhood malnutrition.
The run officially began on August 8, 2014 in Jiayuguan, in the Gansu province of China. Around midday on day 83 of the run, Lester crossed the finish line at the Shanhaiguan District Old Dragons Head entrance in Qinhuangdao, Hebei province, officially completing the 2,500-mile journey. Lester’s goal was to finish the run within 100 days, requiring an average daily trek equivalent to almost a full marathon per day. After increasing his daily runs to double marathons at times, he was able to accomplish this feat with 17 days to spare.
Mannatech has partnered with Lester as the title sponsor of the M5M China Run as a part of their ongoing Mission 5 Million, or M5M, movement. The
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ForeverGreen’s October 2014 Sales Increase 130%
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced that October 2014 revenue exceeded October 2013 sales by more than 130%.
“During October 2014, our sales reached an all-time monthly high. Revenues were more than $5.8 million compared to a then record of $2.5 million during October 2013. We remain on track to achieve our seventh consecutive quarter of revenue growth and sixth straight quarter of profitability,” said Jack Eldridge, CFO.
“With the launch of several new products, we anticipate revenue and net profit growth continuing to accelerate moving forward. We remain on track for meeting or exceeding our previously announced revenue guidance for the year of $56-60 million.”
About ForeverGreen Worldwide
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea, whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence Essential Oils and Apothecary, 24Karat Chocolate and an entire catalog of meals, snacks, household cleaners and personal care products.
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4Life Announces Philippines Office Expansion
by Nicole Dunkley • • 0 Comments
4Life Philippines recently held a ribbon-cutting for the expansion of its Manila office. The new business center and training space is located on the 16th floor of the office’s current building. More than 1,000 attendees gathered at the San Miguel Properties Centre in Mandaluyong City for the event.
The occasion included a ribbon-cutting ceremony, executive remarks by Vice President, International Steve Apple and 4Life Philippines General Manager Eileen Tan-Dario, and the product launch of Fibre System Plus™.
Top distributor leaders in attendance included Gold International Diamond Manuel Koh and numerous International Diamonds.
4Life opened the Philippines in 2005. The new office space reflects the growth of independent distributor businesses throughout the country.
Eileen Tan: “4Life is committed to supporting distributors as they work to achieve their goals and realize their dreams. The success of our business builders is our executive team’s primary responsibility and pride.”
About 4Life
In 1998, 4Life Founders David and Bianca Lisonbee launched the company’s flagship immune system support product, 4Life Transfer Factor. As the first network marketing company to do so, 4Life’s leading group of doctors, scientists, and researchers continue to advance immune system science with innovations in product formulation, production standards, delivery methods, and more. Today, people in more than 50