Several former Chinese distributors of Nu Skin Enterprises, Inc. claim the marketer of skin care and nutritional supplements authorized sales representatives to earn compensation on their “downline” network in violation of the country’s regulations, according to a consolidated putative class-action complaint that was filed last month in Utah federal court against Nu Skin.
Nu Skin misled shareholders, orchestrating a “massive expansion in China knowing that Nu Skin’s form of multi-level compensation violated many of China’s regulations on direct selling and prohibitions on pyramid schemes,” the lead plaintiff State-Boston Retirement System, a government pension plan, alleged in the 124-page lawsuit filed on June 30.
Plaintiffs in the consolidated complaint have requested certification of a class of shareholders who purchased Nu Skin securities including options between May 4, 2011 and January 17, 2014. The end of the class period roughly coincides with a precipitous decline in Nu Skin’s stock price (NUS: NYSE), following revelations that the Chinese government was investigating its business practices.
Plaintiffs have alleged violations of Section 10(b) of The Exchange Act and Rule 10(b)(5), and Section 20(a) of The Exchange Act.
“We continue to believe the allegations are without merit and intend to defend ourselves vigorously,” Nu Skin spokesperson Kara Schneck said. “Nu
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Vi UK: Dave Ives and Amanda Churcher Reach 250K Career Earnings
by Tina Williams • • 0 Comments
The past few months have been momentous for Vi UK as two of its founding Promoters hit over $250,000 in personal earnings* within their first year with Vi.
To mark this extraordinary milestone, 3-Star Ambassador Dave Ives—along with his partner Sarah-Jane Howe—and 2-Star Ambassador Amanda Churcher were awarded with Vi’s exclusive $250,000 Earners Pendant.
Amanda had the honor of receiving her pendant from Vi Co-Founders Blake Mallen and Nick Sarnicola in front of hundreds of Promoters at May’s London Regional Success Training.
We caught up with them to get insight into what their Vi journey has been like so far.
Dave Ives: From “Broke Sandwich man to six-figure-earning Shake man”
Dave dove headfirst into Vi in April 2013. Even with little experience in the market, he went on to become an Ambassador in his first week, bringing in a whopping 180 Promoters.
Now with a team of nearly 900 Promoters, 3-Star Ambassadors Dave and SJ have helped over 200 people on their team achieve a BMW, and have already helped three become Ambassadors. The two have developed the business together, combining their skills to create a unique partnership both professionally and personally.
With business in both Ireland and Germany, Dave and SJ are well placed to
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Vemma Joins The $100 Million Club
by Tina Williams • • 0 Comments
Vemma Nutrition Company has earned a coveted place in the DSN $100 Million Growth Club after skyrocketing 30 spots up the DSN Global 100 List in 2014 to land at #53. Vemma’s inclusion is a result of its impressive 89 percent growth, closing the year up by more than $100 million in 2014. Just 17 other companies on the DSN Global 100 List — the Direct Selling Association’s annual list that ranks the top revenue-generating direct selling companies in the world — qualified for entry into the $100 Million Growth Club, including iconic brands such as Amway and Mary Kay.
In announcing its spot in the $100 Million Growth Club, DSN commended Vemma on a successful customer acquisition strategy and streamlined messaging, specifically tailored to resonate with a targeted audience. Additionally, DSN highlighted Vemma’s commitment to the personal development of its Affiliates as an important factor in its growth.
“Our inclusion in the $100 Million Growth Club reflects not just the great products we produce at Vemma, but most importantly the commitment and passion of our hardworking Affiliates around the world,” said Vemma Founder and CEO BK Boreyko. “And with our move to affiliate marketing this past March, I believe that together we’ll
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Amber Witt Onstine – Isagenix Hits 2 Star Golden Circle
by Ted Nuyten • • 0 Comments
Amber Witt Onstine distributor for Isagenix achieved the rank of Crystal Executive on July 1.
Just one week later, Amber promoted to 1-Star and then again to 2-Star in the same week.
Amber stated:
I keep pinching myself that I am doing this business while I’m at the pool, park, or beach and that I’m able to bring others with me to create total physical and financial freedom! This FEELS AMAZING to empower others.
Her enroller Michael Clouse stated:
That’s an income between $56,160 to $109,512 per year!
So how did this extremely busy wife and mom of four kids under the age of 12 accomplish this impressive goal?
As I wrote less than a week ago, Amber has a BURNING DESIRE to succeed! Her passion is contagious, her determination is outrageous, and her commitment is second to none!
From the moment I met Amber, I knew she was going straight to the top of our company.
Whatever was thrown at her, whatever she needed to do, whatever it took, Amber was going to figure it out; she was going to go over it, around it, or through it…and she did just that! Well done, Amber.
You are a true inspiration to anyone who knows
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QNET Supports Globby E-Commerce Platform in Singapore
by Nicole Dunkley • • 0 Comments
Singapore recently hosted a presentation of a new E-Commerce Service. Globby E-Commerce Platform is designed to support small business development in Southeast Asia.
QNET International welcomes the development of electronic commerce in Asia, as the company’s management believes that the development of the e-commerce market is crucial for future growth.
QNET is constantly improving its own products as well as delivery methods to the end user.
The greater number of companies that create an opportunity to promote their products through eCommerce, the greater the number of people in the world get to choose for themselves exactly the way they’d like to purchase goods.
This type of trade is beneficial as the producer has an opportunity to reduce the budgetary output costs and and the consumer has the opportunity to reduce costs pertaining to the acquisition of goods.
QNET supports eCommerce development in many countries. In early February of this year, the Company became a member of The QNET E-Commerce Association in the Philippines. This non-profit partnership engages in increasing the competitiveness of Philippine business in the global market. It brings together the leading players in the electronic market of this country.
Joachim Steffen, regional director of QNET in the Commonwealth of Independent States (CIS) and Europe,
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Agel Opens Corporate Headquarters in USA
by Nicole Dunkley • • 0 Comments
Congratulations to Agel Enterprises, as they have recently opened a new World Headquarters in Pleasant Grove Utah.
Company president, Craig Bradley, said the Agel (pronounced a-jell) product group was founded nine years ago after he learned of a suspension gel technology that allowed for better absorption of nutrients.
“We knew this was a billion dollar idea. It’s been our goal to build a team that can take that idea to fruition,” Craig Bradley said.
The co-founders and also co-CEOs, Jeff Higginson and Jeremiah Bradley, have incorporated family into their business. Jeremiah Bradley and vice president Zach Bradley are brothers and their father is Craig Bradley.
Jeff Higginson’s brothers, vice presidents Sam Higginson and Scott Higginson, are additionally on the executive team helping to manage the ever-expanding corporation.
Family and the work culture at Agel was showcased at the grand opening ceremony.
To allow the community to become acquainted with Agel’s marketing program, its products, and to celebrate the opening of their new work space, Agel invited Pleasant Grove city officials, local business leaders, and their top selling representatives from around the world, to a ribbon cutting ceremony at company headquarters.
Oskar Okko, a representative from the nearby BMW car dealership, attended the ribbon cutting and open house.
“We
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Herbalife Stock May Rise Over Next Few Days
by Tina Williams • • 0 Comments
Bidness Etc predicts a rise in Herbalife stocks in their article posted today:
Herbalife Ltd. (HLF) is up about over 33.5% since our last Bullish update on the stock in March. The stock is still down about 15.2% year-to-date (YTD) due to persistent concerns regarding its business model and related investigations; however, it has been on an upswing since April as a result of the company’s strong financial performance.
Herbalife’s trust-building initiatives – such as providing a Gold Standard Guarantee and posting testimonials from members and customers on iamherbalife.com – have also helped it make its business model more transparent, thereby boosting investors’ confidence in the company.
Herbalife is already working on reducing its dependence on its multilevel marketing model – the main point of contention with its critics – with new campaigns. It launched “CR7 Driven to Perfection” with Cristiano Ronaldo last month. As part of the campaign, Ronaldo fans from around the world created and posted photos or videos on their Facebook profiles to show how they individually strive for perfection. Ronaldo chose his favorite video from among the submissions and shared it on his official Facebook page.
These new campaigns are expected to engage more members and customers from around the world, reinforce investor confidence, and
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ViSalus Comes To Austria And Germany
by Tina Williams • • 0 Comments
Vi Promoters from all over Austria and Germany stepped up their efforts to Challenge others by taking part in the historic Vi Austria and Vi Germany Pre-Launch.
“Creating new leaders and Challenging the world” was just one of the many inspiring messages that the three Vi Founders Ryan Blair, Blake Mallen and Nick Sarnicola brought to life on stage.
Launching the first non-English-speaking markets in Europe has become a reality… The Challenge has officially arrived.
Successful leaders from all over the world, including Vi Millionaires and the new markets’ pioneering Promoters, were among the featured speakers.
The audience, which included attendees from the United Kingdom, Ireland and North America, was moved and motivated by the many recognitions on stage, and by Ryan Blair’s inspiring speech about how he became Vi’s CEO.
Event highlights included:
Launches of the new Fuel Kit as well as Challenge Mobile for Austria and Germany
National Directors and above signing our Vi Founding Charter (opportunity to sign the Charter extended until the official Vi Germany and Vi Austria launch event)
Celebration of Vi Germany’s First Ambassador Ralf Schönwerth
Regional leaders sharing their stories on stage
Announcement of new PROJECT 10™ Kids partnership
New Overview video and DVD
Reprints of Vi’s published story and expansion news in Netcoo Magazine, a leading
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Zija Experiences 30% Growth in Japan During June
by Ted Nuyten • • 0 Comments
Zija International recently experienced its best month ever in Japan since launching there in 2010.
The company introduced a new promotion called “Fast Start Commissions (FSC)” in May, which has taken off and helped Zija Japan experience 30% growth during June 2014.
In response to the success of the FSC promotion, Zija recently launched 2 new promotions that go along with it called Race to Summit 2014 and Fast Start 500, respectively.
Both are expected to further help all markets participating in the FSC promotion—including the United States, Canada, and the company’s Southeast Asia and Latin American markets—to experience similar types of growth and Distributor success.
Zija International
located in Lehi, Utah, develops natural, earth-friendly health, wellness, nutrition and fitness products. Zija currently operates in 50+ countries worldwide through its global family of Independent Distributors.
Although the company has been in business for only a few short years, it has experienced impressive growth year after year and been recognized as one of the fastest-growing and top-revenue companies by Inc. Magazine, Direct Selling News, and Utah Valley Magazine, to name a few.
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Mary Kay’s Lisa Winton Earns 3rd Car In 6 Years
by Tina Williams • • 0 Comments
Mary Kay Independent Sales Force Member, Lisa Winton, of May, TX, received the keys to a new Cadillac SRX – in customary Mary Kay Pink – in recognition for having achieved Mary Kay’s “Cadillac Level” sales award.
“For more than forty years, the Mary Kay Pink Cadillac has been an iconic symbol of success,” said Rick Newton, sales and leasing professional for the Bruner Auto Group. “As such, it’s the most sought-after prize among Mary Kay’s two-million independent sales force members. Our team here at Bruner Cadillac is honored to play a role in carrying on the tradition of rewarding success, which is what Cadillac is all about.”
Founder Mary Kay Ash was a big believer in rewarding top independent sales force members with cars, dream vacations, diamonds and other lavish items she often referred to as “Cinderella gifts.” Among these, the most iconic and enduring symbol of an independent sales force member’s success is the Mary Kay Pink Cadillac, which was the brainchild of Mary Kay Ash herself back in 1969.
The delivery of Lisa Winton’s prestigious award was accompanied by a brief ceremony, which included the receipt of her all-new Cadillac SRX, complete with a large pink bow on the hood.
“Earning