ViSalus and Other Preferred Shareholders Now Own Approximately 90% of ViSalusTransaction Extinguished 2017 Redemption Obligation
Blyth, Inc. today announced that it and the Founders and certain other preferred stockholders of its ViSalus network marketing subsidiary have completed the exchange of all of the Redeemable Convertible Preferred Stock of ViSalus for shares of ViSalus Common Stock.
On September 2, 2014, Blyth had announced that it and ViSalus’s Founders had reached an agreement in principle to effect the exchange which reduced Blyth’s ownership interest in ViSalus from 80.9% to approximately 10%, and increased ViSalus’s Founders and its other preferred stockholders ownership from 19.1% to approximately 90%.
In addition, the transaction extinguished the obligation of ViSalus to redeem the ViSalus Redeemable Convertible Preferred Stock on December 31, 2017 for an aggregate price of $143.2 million which obligation had been guaranteed by Blyth.
In connection with this transaction, Blyth amended the indenture governing its 6.00% Senior Notes due 2017 to provide for the mandatory redemption of the Senior Notes on the earlier of March 4, 2015 and the date, if any, that Blyth consummates a new financing. Cowen and Company, LLC acted as exclusive financial advisor to Blyth in connection with such amendment.
In addition, as a
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Top 200 Worldwide Earners In MLM – September 2014
by Ted Nuyten • • 0 Comments
The ranking The estimated earnings are based on Internet research, earnings claims from conventions, downline, upline, crossline information, direct selling magazines and through our 70+ reporters.
Numerous top earners and companies share earnings with us. Our objective is to show people, you can make an honest living with MLM, Direct Selling working with all kind of Direct Selling Companies.
These leaders had an incredible vision, empower people, and change their life through this business. They build Million-Dollar Distributorships through Million Dollar Relationships.
The estimated (gross) earnings are per month. You can search on name/company in our full database.
Adjustments, or did we miss you and do you make more then $ 5,000 per month?
Please fill this Confidential Form in
To view all 8,800+ Top Earners click here
WW RankNameCompanyEst. MonthEst. YearWebsite
1Dexter & Birdie YagerAmway$1,300,000$15,600,000www.dexandbirdieyager.com
2Angela Liew and Ryan HoNuSkin$1,100,000$13,200,000www.nuskin.com
3Barry Chi & Holly ChenAmway$650,000$7,800,000www.amway.com
4Holton BuggsOrganoGold$600,000$7,200,000www.organogold.com
5Shane MorandOrganoGold$600,000$7,200,000www.organogold.com
6Brian McClureAmbit$452,000$5,424,000www.ambitenergy.com
7Foo Howe Kean & Jenny KoAmway$450,000$5,400,000www.amway.com
8George Zalucki & Art NapolitanoACN$400,000$4,800,000www.georgezalucki.com
9Kim HuiJeunesse$400,000$4,800,000www.kimhui.brucehathuc.com
10Sunny Hsu & Debra HsiehAmway$400,000$4,800,000www.envip.com/en.asp
11Tom & Bethany AlkazinVemma$400,000$4,800,000www.vemma.com
12Abraham Benitez and Raquel CortezHerbalife$395,000$4,740,000www.herbalife.com
13Enrique and Graciela VarelaHerbalife$395,000$4,740,000www.herbalife.com
14Steve ThompsonAmbit$370,000$4,440,000www.rsthompson.com
15Carol & Ken PorterMonavie$350,000$4,200,000www.Monavie.com
16David Wood and David SharpeEmpowerNetwork$350,000$4,200,000www.empowernetwork.com
17Nancy DornanAmway$350,000$4,200,000www.n21corp.com
18Tae Ho KimHerbalife$350,000$4,200,000www.herbalife.com
19Philip EckartAmbit$324,000$3,888,000www.ambitenergy.com
20Betty SungNuSkin$315,000$3,780,000www.nuskin.com
21Carol and Alan LorrenzHerbalife$300,000$3,600,000www.herbalife.com
22Jose ArdonOrganoGold$300,000$3,600,000www.organogold.com
23Kaoru NakajimaAmway$300,000$3,600,000www.heckel.ne.jp
24Simon AbboudACN$300,000$3,600,000www.ACNinc.com
25Toufik RezigWorldGlobalNetwork$300,000$3,600,000www.worldgn.com
26John SachtourasOrganoGold$295,000$3,540,000www.organogold.com
27Herb & Patty CapedaIsagenix$280,000$3,360,000www.besetfree3.isagenix.com
28Leonard & Irina WeisbeinHerbalife$275,000$3,300,000www.herbalife.com
29Seung Ja and Young Ho Kang ParkHerbalife$265,000$3,180,000www.herbalife.com
30Patrick Maser & Mike MaserACN$260,000$3,120,000www.ACNinc.com
31Dong
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Lamia Bettaeib – Wor(l)d Global Network Top Earner Interview
by Ted Nuyten • • 0 Comments
Lamia Bettaieb from Tunisia is living in Dubai, United Arab Emirates, and is 11 times President Millionnaire in WOR(L)D Global Network. 11 times President Millionaire means that Lamia has earned over $3 million with her independent distributorship. She started 3 years ago with the opportunity.
Lamia has a team of 25,000 members with large groups in Europe and Asia and her estimated earnings are $250,000+ per month.
The company is in 5 of the industries active, Direct sales, Mobile Technology, Mobile Advertising, Video and VoIP Communications Renewable Energy.
WOR(l)D Global Network is a public company, headquartered in London and is in the process of become publicly listed in the UK.
Ted Nuyten had the honor to interview Lamia Bettaieb.
Lamia, how did you got into the Direct Selling industry, who invited you?
I have known the direct selling industry by browsing on the internet, because I was fascinated by the lifestyle achieved by successful entrepreneurs in this sector. In the wake of this enthusiasm, I could not give up the invitation of a friend to my first event, organized by a company belonging to the world of direct sales.
At the end of the presentation I quickly realized that that was my world and I decided
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Court Order To Take Control Of Banners Broker Issued
by Tina Williams • • 0 Comments
The website of suspected pyramid scheme Banners Broker was down yesterday as investigators received a court order to go after assets linked to the firm in Canada.
Around 12,000 Irish people invested in the scheme and collectively handed over millions of euro.
The company, which claimed it could make people rich though online advertising, suffered a major blow earlier this year after liquidators were appointed to Banners Broker International Ltd (BBIL), which was based in the Isle of Man.
This week the liquidators obtained a court order to take control of anything owned by BBIL and to compel its Canadian based operators to reveal the whereabouts of the company’s assets.
Court papers reveal the growth of the company, how it moved its assets and the efforts by investors to recover their funds.
Affidavits filed with the court said: “An online cloud-based business, BBIL’s operations were international in scope and its physical presence in any one jurisdiction was negligible.”
Irish people were among the first to be duped by the scam. Banners Broker Ireland Ltd was set up in December 2011.
Under an agreement the Irish operation was entitled to 5 per cent of all sales in Ireland and 7 per cent if it hit a turnover of more than
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Carribean Top Industry Leaders Joel Medina & Chris Marcano-Medina Join FG Xpress
by Ted Nuyten • • 0 Comments
Living in a developing country like Dominican Republic, Joel Media and Chris Marcano-Medina started as amateurs in network marketing in Organo Gold, the company that they call to be the blessing vehicle that changed their lives.
Amazingly Joel and Chris broke a record in the Caribbean Islands creating an organization from zero to Diamond volume in just 3 months and officially achieved and qualified the Diamond rank in only 6 months with the most quantity of achieved ranks in their downline leadership.
Faced with the many challenges of a rapid growth, it helped them raise the bar as leaders as they expanded internationally and decided to become network marketing professionals.
In their desire for reinvention, continued growth and development, they were given the opportunity to be mentored and work closely with two of the top earners of the industry to develop the FGXpress opportunity.
Joel and Chris expressed:
At first we weren’t very attracted because we didn’t think that the product could be of any impact, but after experiencing the great acceptance of the product we were amazed with the results. We started sampling people and came to see that everyone whom tried it for the first time was calling the next day for
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Beachbody’s Coaches Network Expands Into Canada
by Tina Williams • • 0 Comments
Beachbody, the pioneering fitness company behind products such as P90X®, 21 Day Fix® and Focus T25®, announced today the expansion of its Team Beachbody Coach Network into Canada.
This multi-level marketing division of parent Beachbody, LLC, with over 200,000 independent distributors in the U.S. (called accountability “Coaches”), will continue its ongoing mission in the fight to end the trend of obesity in North America by also empowering Canadian consumers with proven programs to achieve their weight loss, fitness and health goals.
According to U.S. News & World Report, obesity rates in Canada have more than tripled in less than three decades. The report estimates one in five Canadians will be obese by 2019, making this expansion into Canada timelier than ever.
Team Beachbody will offer Canada’s 35-million residents cutting-edge fitness products, groundbreaking nutritional supplements like Shakeology® along with a robust system of peer support, plus prizes and rewards for weight loss success. This potent formula has proven to help millions of people succeed in achieving truly life-changing goals.
“We are proud of the positive impact Beachbody has made on millions of Americans and Canadians over the last 16 years of marketing our programs on TV. The real game-changer is the entire program including support which we can offer through our
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Ambit Energy Wraps Up Conference, Gives Away Cadillac and Cruise
by Tina Williams • • 0 Comments
Ambit Energy, a leading retail energy provider of electricity and natural gas in deregulated states across the country, wrapped up its 8th annual AMBITION conference this past weekend in Dallas at six venues across the Metroplex.
These venues include the Kay Bailey Hutchison Convention Center, Dr Pepper Ballpark, Hilton Anatole, Sheraton Dallas, Omni Hotel and the American Airlines Center. The event created approximately $14 million in total economic impact for the city of Dallas.
“We’re thankful to all of our dedicated corporate employees and Independent Consultants who helped make AMBITION possible, as well as to the City of Dallas for hosting the Ambit team,” saidJere Thompson, Jr., Co-founder and CEO of Ambit Energy. “This annual event allows us to share the Ambit opportunity and provide even more training for our Independent Consultants as we continue our work towards being the finest, most respected retail energy provider in America.”
Internationally recognized graffiti artist and best-selling business author Eric Wahl addressed a dynamic crowd during the general session at the American Airlines Center. His artwork serves as a metaphor for the core of his message, helping organizations achieve higher levels of success through innovation and superior performance.
Prizes, such as a 2014 Cadillac CTS Sedan, a cruise sponsored by Wyndham Jade and
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Global Wealth Trade Gaining Momentum In The USA
by Ted Nuyten • • 0 Comments
Marshall Nguyen is the youngest and first United States Ambassador for the Canadian direct sales company & luxury designer, Global Wealth Trade (GWT).
This award winning generation Y direct seller started his network marketing profession at age 20.
It was a rough landing as the company he launched his new MLM profession with was already a household name and after 3 years of building passionately and seeing limited results, Marshall decided to end his MLM career. Marshall:
“My first company was a good company with good products, however what I found after three years of total commitment was that beyond good products and compensation plan, TIMING AND MARKET SATURATION IS EVERYTHING IN MLM”. Its hard to promote an MLM/Direct Sales company that is already a house hold name and unlike traditional businesses, house hold name and branded companies are not an asset as it makes it very difficult to get candidates interested to even look at your opportunity.
Further with over 2000+ MLM companies now selling the “latest and greatest ” health products, the market is highly competitive which is the reason so many struggle in this industry to gain customers and new sellers”.
However the love of the MLM industry and
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Jeunesse Is No. 1 Fastest Growing DSA Company On The INC. 500
by Tina Williams • • 0 Comments
Jeunesse Global ranked at 258 on the prestigious Inc. 500 List, officially classifying it as the fastest growing Direct Selling Association company in America. Inc. 500|5000 is an exclusive list that gives a comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
This list measures the three year revenue growth of 5,000 companies in the country, the first 500 being in the top ten percent. The 2014 Inc. 500 is the most competitive crop of companies in the list’s history. Jeunesse is currently in the top five percent of rankings in America.
“Jeunesse has been narrowed down as one of the top 500 companies in America—and it is a tremendous milestone to be recognized in this category,” says Co-Founder, Randy Ray, “Our goal has always been to double the company’s annual sales with each coming year—a feat which is almost impossible—but it’s something Jeunesse has achieved since its inception. Now that we’re opening new markets in Russia, Ukraine, and Eastern Europe, I see us exceeding the considerable targets we’ve set for this year.”
Jeunesse has delivered remarkable results. The company closed 2013 with a reported $224 million dollars in sales revenue.* Sales are up 125% year-to-date and over 38,000
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ViSalus Founders Buy Back The Company From Blyth
by Tina Williams • • 0 Comments
Congratulations to the ViSalus Founders, that is “All In” ! Ted Nuyten
ViSalus, Inc, the weight-loss and fitness company known for its mission of Challenging the World… 10 lbs. at a Time through the PROJECT 10TM Challenge, a personal health and lifestyle transformation platform, announced today that its Co-Founders and key stockholders have reached an agreement in principle to complete a transaction with Blyth, Inc. (NYSE: BTH) in which all shares of ViSalus redeemable convertible preferred stock will be exchanged for ViSalus common stock.
ViSalus’ Founders’, employees’ and early stockholders’ ownership of ViSalus will increase to 90%.
Blyth will continue to be an equity holder, retaining 10% of ViSalus common stock. The transaction will also eliminate ViSalus’ obligation to redeem approximately $143 million of its preferred stock, most of which is owed to the company’s three Co-Founders, as well as Blyth’s guarantee of that obligation.
“The Co-Founders and I are very excited to go ‘all in’ on a business that we started and the future prospects of which we believe in wholeheartedly.
I am also personally grateful to the Goergens and to Blyth for nearly 10 years of mentoring and support,” stated Ryan Blair, ViSalus Co-Founder and CEO.
ViSalus Co-Founder and Global Ambassador Nick Sarnicola, and ViSalus Co-Founder