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Hot Business News Today

Immunotec Announces End Of Year Financial Results: Revenue Increased Over 47%

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Immunotec Inc. (IMM), a direct-to-consumer company and a leader in the nutritional industry (the “Company” or “Immunotec”), today announced its year-end consolidated financial results for Fiscal 2014. All amounts in this press release are denominated in Canadian dollars unless otherwise indicated.

“We are pleased to report record full-year revenues and Adjusted EBITDA(1) in Fiscal 2014 fuelled by solid growth in our activities outside of Canada and operational leverage,” said Mr. Charles L. Orr, Chief Executive Officer. “We are currently addressing some challenges related to our recent implementation of value-added taxes (VAT) in Mexico.
More importantly, a growing number of consultants and customers throughout the world are experiencing the tangible benefits of Immunotec’s products and the business opportunities provide by our business model,” concluded Mr. Orr.

PERFORMANCE HIGHLIGHTS
Fiscal 2014 consolidated revenues increased 47.5% over the same period last year to $80.8M. This increase was recorded consistently throughout the year in both Mexico and the rest of North America, totalling 92.9% and 12.9%, respectively.
Sponsoring, defined as the number of new Consultants and Customers, increased 85.2% over the same period last year to nearly 64,000 in Mexico while the rest of North America, increased 26.7% to nearly 20,000.
About Immunotec Inc.
Immunotec is a Canadian-based Company that

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RHYTHM Foundation Helps QNET Pays It Forward In Tajikistan

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In Tajikistan, disability is stigmatised and children are sent to state institutions or hidden away at home. Indeed, social attitudes and stigma plays a significant role in limiting the possibilities for children with special educational needs, here.
Over 125,000 people are registered as special needs in Tajikistan, 19,000 are under sixteen years old and 1,447 children are registered as orphans. Approximately, 2,505 children are registered as living in twenty three different special education institutions. Alas, the data contradicts with reality, as many are not registered or have not been physically seen over the years. Hence, inconsistent, inaccurate, incomplete and out-of- date data are often the root cause of the existing issue.
Very few of these children with special educational needs attend school. Apparently, the standards don’t allow enough flexibility for students who learn differently. But, parents in Tajikistan have begun to stand up for their children’s rights. They advocate for change and betterment, lobby with schools, local authorities and ministries to facilitate the inclusion of their children into mainstream schools.
Together with Association of Parents of Disabled Children (APDC) in Dushanbe, QNET and RYTHM Foundation have embarked on a joint venture in building a tight–knit friendship across Tajikistan and Malaysia to give these

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Lindsey Duncan, CEO Genesis Today Fined With $9 Million

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Lindsey Duncan and the companies he controlled have agreed to settle Federal Trade Commission charges that they deceptively touted the supposed weight-loss benefits of green coffee bean extract through a campaign that included appearances on The Dr. Oz Show, The View, and other television programs.
Under the FTC settlement, the defendants are barred from making deceptive claims about the health benefits or efficacy of any dietary supplement or drug product, and will pay $9 million for consumer redress.
“Lindsey Duncan and his companies made millions by falsely claiming that green coffee bean supplements cause significant and rapid weight loss,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “This case shows that the Federal Trade Commission will continue to fight deceptive marketers’ attempts to prey on consumers trying to improve their health.”
The FTC charged that Duncan and his companies, Pure Health LLC and Genesis Today, Inc., deceptively claimed that the supplement could cause consumers to lose 17 pounds and 16 percent of their body fat in just 12 weeks without diet or exercise, and that the claim was backed up by a clinical study. In September 2014, the FTC settled charges against the company that sponsored the severely flawed study

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Jamie At Home Out Of Business

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TV cook Jamie Oliver’s direct sales/network marketing organisation – Jamie At Home, seems to have ceased operations a couple of weeks ago.
So far, there seems to be no official announcement, leaving a couple of thousand distributors to speculate.
The only message appearing when accessing the website www.jamieathome.com is
“Unfortunately we have sold through on all products lines”. 
Basically as a distributor that puts you out of business. Seems Jamie Oliver ceased operations without any communication to the field.
The business expanded opening up in the USA, about a year ago after being establish in the UK.
Jamie Oliver appointed a husband and wife team, as CEO’s.
According to the website: “Jamie At Home is an eclectic collection of products inspired by Jamie’s relaxed approach to eating, entertaining and enjoying life available primarily through Jamie at Home self employed consultants”.
The USA website is still live, however signing up as a consultant triggers an server error.
Seems like Jamie Oliver left the reps in the dust…
About Jamie At Home (USA):
Jamie Oliver At Home is a direct sales business offering self-employed Consultants the chance to work in partnership with Jamie to sell the gorgeous Jme product range. We give anyone the opportunity to earn some extra

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Mary Kay Celebrates Sales Growth And Record Setting 50 Years

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cosmeticdesign.com reports: 
The direct sales beauty brand recognizes and trains its top consultants at an annual event, and this year the company has business gains to celebrate as well. Mary Kay brands itself as a venture that benefits women in and beyond its ranks. Beyond tallying sales and educating consultants, the company has environmental initiatives, recycling strategies, uses its foundation to connect with shelters to end domestic violence and more.

Aging gracefully In 2013 the company celebrated 50 years in business. Among the milestones feted by those gathered in Dallas, Texas, for the event were the over 800 Mary Kay patents—issued and pending—covering products, technologies and designs. “Our 50th anniversary has been a record­setting year for our company,” said David Holl, president and chief executive officer said in a press release describing the occasion. “Women of all backgrounds and ages continue to turn to Mary Kay for the products they love and trust as well as the unparalleled opportunity.”

Well begun Mary Kay Ash founded the direct­sales beauty brand in 1963. And her son Richard Rogers continues to be involved with the brand, acting now as Executive Chairman. To date Mary Kay (headquarters in Addison, Texas) comprises over 3 million independent

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Avon Hires New CFO; Former J. Crew COO

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Avon Products Inc. said Wednesday it hired James Scully away from J. Crew Group Inc. to be its new chief financial officer.
Mr. Scully has been J. Crew’s chief operating officer for nearly two years and with the retailer for a decade. His exit follows the departure of Stuart Haselden, its chief financial officer, earlier this month. Mr. Haselden left to join Lululemon Athletica Inc. as its CFO.
J. Crew is contending with falling shopper traffic at its stores and the retailer recently wrote down the value of its stores by more than half a billion dollars, while leaving its online operations unscathed, an indication of the toll that e-commerce is taking on brick-and-mortar retailing.

“Jim’s departure comes at a time when we are looking at the way our team and business is structured,” a company spokeswoman said in a statement. “Retail has been evolving quickly and we want to ensure we are set up for ’the new world’ as we move forward.”

The spokeswoman said J. Crew had already hired an executive search firm to look for Mr. Scully’s successor. Joan Durkin, its chief accounting officer, will temporarily fill the role of CFO, while it looks for a permanent replacement.
Avon said Mr. Scully, 49, will join the beauty products

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Talk Fusion Updates Join Site With Video And Success Stories

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Giving Associates the ability to make a perfect presentation every time, Talk Fusion has relaunched their recruiting site at JoinTalkFusion.com with a brand-new site design and opportunity video. Like their redesigned corporate site (TalkFusion.com), the new join site has been translated into 11 languages to make it available to Prospects around the world.
JoinTalkFusion.com showcases the Talk Fusion business opportunity at-a-glance, with immediate insight into the timing, the recognition and rewards, and Talk Fusion’s global Instant Pay Compensation Plan – an industry first that remains unchallenged as the fastest income payment plan in the business.
The highlight of JoinTalkFusion.com is the sleek, professional presentation video that greets Prospects when they view the site. In just over seven minutes, the video host outlines Talk Fusion’s timely business opportunity, gives an overview of the compensation plan and incentives, and demonstrates the scope of Talk Fusion CONNECT, the company’s suite of innovative video communication products.
The video is currently translated in five languages (Bahasa, Russian, Japanese, Spanish, and French) with the additional six language translations already underway.
Visitors to the join site get to watch video success stories from several of Talk Fusion’s Top Leaders and hear firsthand how the Talk Fusion opportunity not only transformed

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Javita Pays Out $250,000 In Extra Bonuses

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Javita recently handed out $250,000 in extra bonuses to its Members as a part of its Million Dollar Madness: Fall 2014 Incentive promotion.
Members knew the Million Dollar Madness Initiative would be unlike anything they’d ever seen before, when it began with $10,000 cash handed out randomly to introduce the launch at Javita’s First National Convention in August 2014. News of the Fall 2014 Incentive followed — promising up to $50,000 to new Members and their enrollers, who advanced in rank by December 2014.
About 70 Members took home a share of $250,000 during Javita’s STAR Success Seminars held in New Jersey and Las Vegas in January. Javita’s Million Dollar Madness earners achieved success through their hard work, perseverance, passion and leadership.

“When we came up with the Million Dollar Madness promotion, our goal was to give away up to $1 million in incentives, trips and bonuses before the next National Convention this summer in Las Vegas,” said Javita’s President & CEO Stan Cherelstein. “Our growth is directly related to our Members’ efforts and this is a way that we can give back to those who deserve it the most.”

Javita recently announced their Million Dollar Madness: Spring 2015 Incentive, which will reward newly

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Mega Holding Achieves 400% Growth In Sales, Convention Has 15,000 Attendees

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Mega Holdings announced their 2014 achievments of 400% growth in sales with major improvements of their product as well as 7 new Mega Stars. Mega Holdings is an international Direct Selling company providing online web hosting services.
Mega Holdings held 4 conventions last month with a total of 15,000 attendants. Three of those conventions were held in Turkey and one in Germany.
Diyarbekir, Turkey was the host city for the first convention with 4,000 representatives attending. The second convention was held in Istanbul with 7,000 represenatives and the Adana convention with 3,000. 
During these conventions Wiesbaden, Germany also hosted 1,000 representatives from the Mega Holdings World team in Germany.
Dr. Hedi Khezrzadeh, international ambassador and the first Member of Million dollar club, addressed the corporate message to costumers and their visions for 2015. Mesut Opengin and Enes Olgun the top million dollar club members and Mega Stars of the company shared their vision and their plans of 2015 as well. 
Mahmut Inan, Fatih Yazizci, Selim Doruk, Hasan Acer, Selman Olgun Mahmut Yaman and Hamit Dogan the Mega Stars of Mega Holdings toured all the conventions in Turkey.
The convention in Germany was held by Mega Holdings world team. Kerim Kakmaci, with one of the largest organizations, addressed the visions of the team for Europe in 2015.
Mega Holdings Convention

About Mega Holdings
Mega Holdings 

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Avon Finally Sees A Rise After Rumors Of Buyout

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TheStreet.com reports: 
Shares of Avon Products rose 1.25% to $8.08 in morning trading Monday on continued speculation that the beauty products manufacturer could be the target of a buyout.
Dealreporter reported late last week that Avon was in talks with private equity firm TPG Capital about a potential buyout. Dealreporter cited three unidentified sources but said it was unclear how far along the two sides had progressed in the talks or if Avon had hired any advisory firms.
Bloomberg published a report Friday to say that Avon is the cheapest personal-goods company a buyout firm could find right now.
More than 8.5 million shares had changed hands as of 11:01 a.m., compared to the daily average volume of 11,485,400.
Separately, TheStreet Ratings team rates AVON PRODUCTS as a “sell” with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

“We rate AVON PRODUCTS (AVP) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and generally disappointing historical performance in

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