LifeVantage Corporation announced today that Mark Jaggi has been appointed Chief Financial Officer for the company effective August 24, 2015.
Mr. Jaggi is a highly experienced finance and operations executive, having spent the past 20 years in lead financial, operational, and strategic planning roles. Most recently, Mr. Jaggi served as Chief Financial Officer at TwinLab Consolidated Holdings, where he led and supported their debt and equity financing, as well as the financial and operational decision-making in all areas of the business.
Prior to TwinLab Consolidated Holdings, Mr. Jaggi served as Chief Executive Officer and Chief Financial Officer at Summit Industries, a manufacturer and marketer of pharmaceutical and non-regulated liquid and cream solutions. Prior to Summit Industries, Mr. Jaggi was Chief Financial Officer at O’Sullivan Industries, where he led the international financial processes including analysis, accounting
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FTC Attacks MLM Autoship Programs, Vemma Served With Complaint
by Ted Nuyten • • 0 Comments
Vemma was served with a complaint by the FTC on 25 August in the USA, for their autoship program. Vemma affiliates Back Office is temporarily unavailable.
Autoships are huge. Most companies with solid products will see anywhere from 40% to 75% of all revenues come from the monthly reorder of their products.
The FTC – Federal Trade Commission – is a powerfull USA government organization and its mission is “Protecting USA customers”.
This is not a Vemma issue, this is an attack on the Industry. Vemma has the bad luck to be the guinea pig, and it will cost the company and CEO BK Boreyko, huge amounts of time and money to defend them against this FTC investigation.
In VEMMA the auto ship is optional, so apparently this investigation is based on an “old” complaint and
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Veteran Colombia Entrepreneur Embraces Vemma® Vision And Skyrockets To Ambassador
by Tina Williams • • 0 Comments
Efrain Sarmiento is a veteran in the affiliate marketing industry. With 18 years of experience, the native Colombian has seen affiliate marketing companies come and go in the country, but none has offered an opportunity or a vision like Vemma.
“People claim they have the smartest people or the best-looking people or the best compensation plan,” explains Efrain. “The biggest difference (about Vemma) was meeting Vemma Founder & CEO BK Boreyko. I saw the vision he had, and it was unlike anything I’d ever seen in any other company. He enrolled me in his vision.”
The Vision
Since joining Vemma about a year ago, Efrain has set to work building a bigger vision with team members such as Juan Diego Cepeda and Darío Lado, who want to grow the “Latino Revolución Profesional” (#LRP) not only
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Sherell Slaise – From Time Bankrupt To Time Freedom
by Ted Nuyten • • 0 Comments
Sherell Slaise, Ambit Energy Leader says:
Having control of my time – to do what I want when I want – is living the life of my dreams. I was seeking time freedom.
Upon graduating from Clark Atlanta University (and studying International Business at University College of Belize in Central America), I began a corporate career as a Health Care Management Consultant for one of, at the time named, the “Big 6” consulting firms. It was a stressful and very intense job billing the client 80+ hours per week while traveling 100% of the time. After 4 years of this, I grew tired and resigned.
Additionally – I had no interest to pursue a Masters Degree which was preferred by the Firm to “rank advance” and earn top income. During this same time period, my
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Victims of GetEasy Ponzi Hopeful With New MLM VIC
by Ramya Chandrasekaran • • 0 Comments
There is hope for victims of GetEasy, a Portugese MLM company that is currently under investigation in various jurisdictions in Europe and Latin America for allegedly running a sophisticated ponzi scheme. TachoEasy Middle East, a former supplier of technology products to GetEasy has created a new MLM company called Valuable Idea Concept (VIC) to restore the business in a legitimate manner.
After months of uncertainty, late meetings and brainstorming sessions, the VIC team began deploying its new operating platform infrastructure that will allow distributors to resume their business and recover outstanding commissions.
Antonio Loios is the owner of TachoEasy Iberica, and a majority shareholder of TachoEasy Middle East. Both companies are active trading companies that provide geolocation and tachograph solutions by supplying technologies developed in the European Union. TachoEasy Iberica had agreed to supply GetEasy
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Malaysian Direct Selling Growth Projected To Flatline
by Ramya Chandrasekaran • • 0 Comments
The collective revenue of the multi-billion-dollar Malaysian direct selling industry is projected to be flat this year compared with 2014, as the industry grapples with weak consumer sentiment.
Industry insiders said revenue could come in at around RM13 billion ($3 billion), roughly the same as last year. According to Direct Selling Association of Malaysia (DSAM) president Frederick Ng, the goods and services tax (GST) has had an impact on sentiment. He believes growth this year will be flat.
“Consumers nowadays have adopted a cautious attitude towards spending, following the implementation of the GST,” Ng added.
The industry is projected to post a revenue of RM13 bil, up 4.8% from 2013. The industry’s performance for last year would be known later this year, when the Domestic Trade, Co-operatives and Consumerism Ministry announces the actual 2014 turnover.
The
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Direct Sales On The Rise In Philippines
by Ramya Chandrasekaran • • 0 Comments
Direct selling businesses in the country are growing significantly and remain one of the top alternative sources of income especially among women, according to Sophie Paris Philippines.
Jomel Diaz, Sophie Paris sales manager for Northern Luzon and Visayas, said that compared with the previous years, Filipinos are now aware of how a direct selling business works and how the business can help them augment their income.
“Ten years ago, direct selling companies had difficulty engaging people to join but with the expansion of the industry over the years, coupled with the testimonies of successful people in the industry, this business model has gained traction and has attracted more people to get involved,” said Diaz.
A direct selling business, according to the Direct Selling Association of the Philippines (DSAP), is “a business model that offers entrepreneurial
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NuCerity Appoints Greater China Sales & Marketing Director
by Ramya Chandrasekaran • • 0 Comments
NuCerity has announced the appointment of Eris Ching as the Sales and Marketing Associate Director for NuCerity Greater China.
Under the direction of Shawn Larsen, Vice President of Asia, Eris will oversee the markets of Hong Kong, Mainland China, and Macau and will manage all business strategy, sales, and marketing functions in these regions.
Throughout his 10 years in the network marketing industry, Eris has served in a variety of capacities, including customer service, operations, sales, and marketing. He also succeeded in launching new markets with some highly successful U.S.-based network marketing companies. Eris’s proven track record of sustained business growth within Greater China will be a valuable asset to NuCerity.
“I have a great love and passion for network marketing,” Eris said. “I am very excited and look forward to working with the quality
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Blyth Earnings Down 16% In Second Quarter
by Tina Williams • • 0 Comments
Greenwich-based home fragrance and decor company Blyth (NYSE: BTH) announced last week a 16 percent decline in net sales for the second quarter of 2015 over the same period a year ago.
Net sales were $88 million compared to $104 million a year ago. The performance is only the latest in a string of poor quarterly reports from the company, and as a result shares have continued to plummet. Shares hit a 52-week low of $2.90 Wednesday and were up 0.59 percent at the end of trading Wednesday, still down almost 63 percent over a year ago.
Operating losses for the company totaled $7.1 million for the second quarter, compared to $2.1 million a year ago. The company recorded restructuring and impairment costs of $2.4 million at PartyLite’s manufacturing plant in Cumbria, England, related to the
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Momentis 2.0 Launches New Division And Brings On New Vp
by Tina Williams • • 0 Comments
Troy Warren of LetsTalkBusinessRadio.Com learned today that Momentis International has hired Muzafer Najfi as its Executive VP of Sales & Field Development as the company unveils what it calls Momentis 2.0.
According to Muzafer Momentis 2.0 refers to its launch into the Anti-Aging industry and is only the beginning.
Momentis International led by CEO Andy McWilliams and President Mike Adams began with humble beginnings in 2010 mostly focused on the home services sector.
As of 2015 the company is fortunate enough to own its own technology behind the success of its new skincare line (Mrejuvenate) instead of leasing it or reselling it via another manufacturer white label style.
It might not be such a big surprise why Momentis International is now focusing on Anti-Aging as the industry has turned into almost a half Trillion dollar market annually.
According to AARP,