CVSL Inc. [NYSE MKT: CVSL] today announced financial results for its second quarter of 2015.
Revenue for the quarter was $35.7 million, up from $24.6 million in the second quarter last year, an increase of 45.2%. Operating loss was $2.5 million, compared to a loss of $4.1 million in last year’s second quarter, an improvement of 39.0%.
“We are very pleased with our second quarter results. The quarter clearly demonstrated the effectiveness of our strategy of buying companies at favorable prices and then applying our expertise to strengthen them and increase cash flow,” said John Rochon Jr., Vice Chairman of CVSL.
“These results compare favorably to our reported and pro forma first quarter numbers, and to the same period last year. With our cost management efforts now operating on all cylinders, we feel very good about
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SereniGy Merged With Rain International
by Ted Nuyten • • 0 Comments
SereniGy’s CEO, Jay Noland, announced today via conference call that SereniGy has come to an agreement to merge with Rain International, the Utah, USA based helath and wealth company.
Rain International stated:
“This allows the SereniGy legacy to accelerate at a much more rapid pace.
Rain International is a fast growing network marketing company in the industry. Rain currently operates full scale corporate infrastructures supporting over 20 Countries.
Rain International has posted sales of over $10 Million in 2012, over $20 Million in 2013, over $30 Million in 2014, and forcast to hit $60 Million in 2015.
Rain has already created several Millionaires in the International markets throughout Asia and Europe. Now Rain is bringing a major focus to the North American, South American, and Central American markets.
Due to SereniGy’s extensive International Network (available for business in
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Interview with Ringana Founder Andreas Wilfinger
by Ramya Chandrasekaran • • 0 Comments
Austrian cosmetics direct selling company Ringana’s founder Andreas Wilfinger was interviewed by German newspaper Kleine Zeitung where he talks about his roots, Facebook, aging and reveals why he has hundreds of creams in his bathroom.
Andreas Winfinger (46) founded Ringana in 1993 as a company that develops, produces and distributes nutritional supplements and fresh organic cosmetics made from natural plant ingredients, and has already worked its way into a leading market position in Austria and Germany. The company’s sales have climbed steadily in the last five years: 8.2 million euros (2010), 11.3 million euros (2011), 15.5 million euros (2012), 19 million euros (2013) and 26 million euros (2014). In 2008 Ringana moved into Schloss Hartberg, and in 2013 production moved into a 2700 square metres factory space established at a cost of three million euros.
The multichannel distribution strategy of
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Real Time Pain Relief Launches New MAXX Glide
by Ramya Chandrasekaran • • 0 Comments
Real Time Pain Relief (RTPR), makers since 1998 of the popular rub-on pain relief lotion and products which are safe for the whole family, today announced the launch of their newest topical pain relief product – MAXX Glide.
Easy to use in a 2.5 oz glide stick, MAXX Glide works in minutes and is not greasy or sticky and is quickly absorbed with a pleasant smell. It contains a powerful combination of effective ingredients, including a synergistic blend of just 1.5 percent menthol and peppermint oil. This innovative low menthol combination works to create a natural freezing sensation – generating the same feeling delivered by products containing 3.5 to 10 percent menthol – but without the potential long-term health risks associated with higher menthol levels.
“By pairing natural peppermint oil with a very low amount
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Youlab Global Appoints Rick Gutman As Chief Sales Officer
by Ramya Chandrasekaran • • 0 Comments
Youlab Global, a new Ageless Living social commerce company, has announced that industry veteran Rick Gutman has joined the company as Chief Sales Officer. In his new role, Gutman will be leading, mentoring and cultivating Youlab Global’s Independent Executives in driving sales and achieving personal goals.
“We are excited to announce another stellar addition to the Youlab Global Executive team,” stated John de Vries, Founder and CEO of Youlab Global. “With Rick’s outstanding track record in the MLM industry, we are certain that he will play an integral role in taking our company and staff to the next level.”
Gutman realized early on in his working career that having a “9 to 5” job got in the way of earning, and has been self-employed ever since. Using his background in business, investment and real
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Isagenix Raises Over $500,000 For Make-A-Wish
by Tina Williams • • 0 Comments
Isagenix International, a global health and wellness company, ended its annual Celebration 2015 Breakthrough event in San Diego today by raising more than $565,000 for Make-A-Wish® through fundraising and generous Associate and corporate pledges.
Additionally, Isagenix and Make-A-Wish surprised wish kid Tanika, a 10-year-old battling leukemia, with an on-stage wish reveal. This fall, her wish to have a backyard makeover will be granted!
“We are dedicated to playing a significant role in impacting the overall health and the wellbeing of others through our support of children’s charities,” said Kathy Coover, Isagenix co-founder and executive vice president. “Our team loves to see the happiness reflected in the faces of the children and families we help, especially when they realize that we have helped to make their one true wish a reality.”
During the past 11 years, Isagenix has raised more than $6.2
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Philippines SEC Tightens Regulations To Curb Pyramid Schemes
by Ramya Chandrasekaran • • 0 Comments
The Philippines Securities and Exchange Commission (SEC) will tap local government units (LGUs) as part of the government’s intensified campaign against investment scams, amid the proliferation of get-rich-quick schemes in the country.
“SEC will engage LGUs in coordination with DILG (Department of Interior and Local Government) because companies, firms have to secure first business permits from LGUs before they can operate in localities,” said Armando A. Pan, Jr., officer-in-charge of the SEC Office of the Commission Secretary, in a text message on Sunday.
“So LGUs have to be watchful to ensure that businesses operating in their jurisdiction are legitimate,” Mr. Pan said.
The Department of Trade and Industry (DTI), through its Consumers’ Protection and Advocacy Bureau, and the SEC, through its Enforcement and Investor Protection Department, has instituted measures to warn the public against pyramid
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Your Inspiration At Home Announces Auto-Ship Spice Program
by Ramya Chandrasekaran • • 0 Comments
An innovative new auto-ship program for spices called The Flavour Stack™ will launch worldwide next month and was unveiled at Your Inspiration At Home’s annual convention in Gold Coast Australia. Your Inspiration At Home CEO Colleen Walters made the announcement.
The Flavour Stack delivers packs of pre-arranged “pods” and recipe cards directly to customers’ homes every month. The plastic pods contain the exact portion of Your Inspiration At Home spices, dukkah, or infused extra virgin olive oils needed to make the included recipes. Pods are stacked and boxed in groups of three, with multiple stacks included in each package.
Recipes used in The Flavour Stack come from Your Inspiration At Home Independent Sales Consultants, and are uncomplicated, easy-to-make meals designed for at-home cooks. Each stack makes a meal for at least four people. Recipe cards include an easy tear-off grocery list.
“The Flavour
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Tech Specific Convention Set For Direct-Sellers
by Tina Williams • • 0 Comments
Technology innovator and mobile solutions provider Fragmob announced today that registration is open for the Red Escape Intergalactic Technology Convention, held October 8-9, 2015, at the Andaz Hotel in downtown San Diego, CA.
Executives in the $176 billion global Direct Selling industry have long awaited a technology-centric convention specifically tailored to their industry’s challenges and opportunities. Fragmob has responded by creating an event that will show how critical the coming together of innovative technology is for the Direct Selling industry in order to thrive into the future.
“The Red Escape Intergalactic Technology Convention is Fragmob’s answer to the question our clients always ask us: What is next in technology?” Fragmob VP of Client Experience Michael McMillan said.
“This convention is the forum for Direct Selling executives and industry VIPs to discover the answer. Attendees will
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Direct Sales Company Oriflame Beats Expectations With Q2 Operating profit Increasing 4%
by Tina Williams • • 0 Comments
The company’s operating profit fell to 29.6 million euros, which beat a mean forecast by a Reuters panel of analysts of 28.7 million. In other news, local currency sales decreased by two per cent, while Euro sales decreased by three per cent to 301.0 million Euros in the three months ended 30 June 2015. The number of active consultants also dropped, falling six per cent to three million.
Adjusted net profit amounted to 11.9 million Euros (€12.1m) and adjusted EPS amounted to €0.21 (€0.22) (Adjusted for non-recurring items of €3.2m in the second quarter 2015). Net profit was €9.1m (€10.8m) and EPS €0.16 (€0.19).
In other financial news, Oriflame signed a new Revolving Credit Facility in April amounting to 110 million Euro in total with its existing core relationship banks which replaces the previous