Insiders at Herbalife threw their hats into the ring of the media circus surrounding the multi-level marketing firm.
Three Herbalife top executives bought 30,700 shares for $1,709,467, an average of $55.68 each, on July 31.
Chief Financial Officer John DeSimone bought 10,000 Herbalife (ticker: HLF ) shares for $555,600. He now holds a direct stake of 28,690 shares. DeSimone’s most recent previous transaction was on April 16, 2012, when he exercised options and sold 31,700 shares for $2.7 million, an average of $70.50 each, through a 10b5-1 plan.
Chief Operating Officer Richard Goudis bought 10,700 shares for $597,167. He now holds a direct stake of 166,969 shares. Goudis’ most recent previous transaction was on Nov. 29, 2012, when he bought 180,100 shares for $2 million, an average of $43.89 each.
Finally, President Desmond Walsh bought 10,000 shares for $556,700. He now holds a direct stake of 107,599 shares. Walsh’s most recent previous transaction was on April 3, 2012, when he exercised options and sold 125,500 shares for $5 million, an average of $69.44 each through a 10b5-1 plan.
All the executives hold stakes of less than 1% in Herbalife.
Walsh and Goudis joined Herbalife in 2004. DeSimone joined in 2007.
Herbalife did not respond to a phone call seeking
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Ackman Says “My Bad” On Herbalife Presentation
by Tina Williams • • 0 Comments
Hedge fund manager Bill Ackman has two words to sum up his Herbalife Ltd. (HLF) presentation last week: “My bad.”
Investors may have missed the point because the event was long and overhyped, Ackman said in an interview. Even the private researcher who helped convince Ackman the company is an illegal pyramid scheme now says the details of a two-year investigation into Herbalife’s nutrition clubs were largely ignored.
Ackman had promised to show an Enron-style fraud during the event. Instead of dumping the stock, investors sent the shares up 25 percent after the presentation, marking the biggest one-day gain in the history of the company. Ackman’s firm, Pershing Square Capital Management LP, bet $1 billion against the stock in 2012.
“It was a PR failure,” Ackman said. “I think we raised expectations. People were looking for the dead body and the smoking gun and instead what they got was a three-hour detailed regulatory presentation.”
The shares declined 6.1 percent to $52.40 at the close in New York.
Lost amid the earlier share gain was research that offers evidence of an elaborate and secretive illegal recruiting system, said Christine Richard, a former journalist who helped Ackman present material at the New York event.
William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital
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ViSalus Honored With Kaltura Innovation Award And Four Telly Awards
by Tina Williams • • 0 Comments
ViSalus, Inc., the company behind the #1 90-Day weight-loss and fitness challenge platform in North America, took home a Kaltura Innovation Award for ‘Best Designed Video Experience’ for the release of their Vi-Net Pro application as well as four coveted 2014 Telly Awards for excellence in video production.
The Kaltura Innovation Awards celebrate cutting-edge and exciting applications of video, and recognized ViSalus as their 2014 ‘Best Designed Video Experience’ at Kaltura Connect, The Video Experience Conference held June 16-18 in New York City. Kaltura Connect remains at the forefront of video technology and acknowledged the Vi-Net Pro application as an innovative and premier mobile experience.
The company, whose mission is built around challenging others, took on its own Challenge and competed against 12,000 worldwide entries at the 34thAnnual Telly Awards— and won. For over a quarter century, the Telly statuette has been recognized as the premier award honoring the finest film and video productions, groundbreaking web commercials, and outstanding local, regional and cable TV commercials and programs.
ViSalus was honored with four Telly statuettes in the categories of: Online Video, Infomercial, Sales Program, and Live Event Segment.
“We love to innovate at Vi, and we are proud of creating and producing the highest quality programming
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Empower Network Expects 5,000 Attendees At Orlando Event In October
by Tina Williams • • 0 Comments
Blogging and leadership company Empower Network announced today that it has chosen Orlando and the Hyatt Regency Orlando at 9801 International Dr. for the location of its last quarterly conference for 2014.
The company expects up to 5,000 attendees at the October 23-26 event.
“The event and the location cannot be missed,” said CEO Jonathan Cronstedt. “Orlando has much to offer for our conference, including supplemental incentives like the area attractions, entertainment and dining options. We want our affiliates to better themselves and enjoy their time while attending these events; Orlando is the perfect place to achieve both.”
Attendees will learn about company products and hear members of the leadership team speak, and the newest members of Empower Network’s Millionaire’s Club will receive recognition. Empower Network also plans to donate time and money to a local charity during the quarterly conference.
In June, Empower Network hosted a training event in Charlotte with 2,300 attendees.
Empower Network also hosted a regional event in Orlando in October 2013. The 2013 event saw 2,000 attendees and brought in an estimated $2.64 million in economic spending for the Orlando area.
Empower Network deals with web, marketing and leadership tools for individuals looking to build businesses. With these tools, they don’t have to deal with many
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Vemma CEO Responds To Accusations In The Media
by Ted Nuyten • • 0 Comments
BK Boreyko, CEO Vemma, reponds to accusations in the media in the next statement to Vemma Elite members:
“Last year, together we accomplished something only 18 out of the thousands of networking companies in the world did – we GREW by $103 million to finish at $221 million! This marked the biggest, most successful company in my career. It just figures when you’re bigger than ever, you’ll receive more negative attention than ever. I don’t understand why success attracts negativity, but it always has and I guess it always will.
The recent media coverage on Vemma has been disappointing. Our strategy to move to affiliate marketing and improve our business model was designed to make our opportunity more attractive. Well, I learned early on to turn my disappointments into determination. I don’t know what fires you up, but hate towards what we do and who we help is my fuel for the future!
Let’s talk a bit about the media and their view on what we do. Recently, the producers from the Today Show asked for comments on these topics below and our answers were on point. Some of the topics made it into the show, some didn’t. Below I’ve expanded our responses
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Reliv 6.2% Decrease In Q2 – 2014 To $14.5 Million
by Nicole Dunkley • • 0 Comments
Reliv International, Inc. (NASDAQ: RELV), a maker of nutritional supplements that promote optimal health, today reported its financial results for the second quarter of 2014.
Net sales for the quarter were $14.5 million, a 6.2 percent decrease from the second quarter last year. Net U.S. sales totaled $10.8 million, down from second-quarter 2013 net sales of $11.8 million. Net sales outside of the United States increased 1.8 percent in the second quarter of 2014 compared to the prior-year quarter, buoyed by a sales increase of 14.5 percent in Europe.
The net loss for the second quarter of 2014 was $289,000 or $0.02 per diluted share, compared to a net loss of $214,000 or $0.02 per diluted share in the 2013 second quarter. The loss from operations for the second quarter of 2014 was $475,000 compared to a loss of $222,000 in the same quarter of 2013.
Net sales in Europe increased to $2.24 million in the second quarter of 2014 compared to $1.96 million in the prior-year second quarter. “Europe continues to lead all markets in growth,” said Robert L. Montgomery, chairman and chief executive officer of Reliv. “The second quarter of 2014 marked Reliv Europe’s 19th consecutive quarter of increased net sales when
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Enfiniti Global Begins Nationwide Network Marketing Of Energy Products For Entrust Energy
by Tina Williams • • 0 Comments
Enfiniti Global, Inc. began marketing energy products for Entrust Energy, the fastest-growing Retail Electricity Provider in ERCOT (Electric Reliability Council of Texas) and one of the Top 30 in the United States. In addition to marketing electricity in ERCOT, Enfiniti Global is selling electricity and natural gas in the Chicago area and natural gas in the PG&E market in Northern California. Enfiniti Global plans to launch electricity marketing in New York City within days.
Enfiniti Global’s Compensation Plan for independent distributors features a No-Fee model to become and begin marketing as a distributor. “Our energy network marketing competitors in Texas charge between $299 and $429 to become a distributor. We charge $0, so we succeed when you succeed. Join without paying a fee, and you immediately have a personalized website for your energy marketing business,” says Jason Borne, Vice President Sales & Marketing, Enfiniti Global.
Enfiniti Global also sells Enfiniti RECs (renewable energy certificates). On behalf of customers, Enfiniti procures, retires, and manages a customer’s monthly commitment to alternative renewable energy. Each monthly certificate features exclusive renewable artwork elements from industry artist, William H. Miller.
Entrust Energy is a retail energy provider known for reliable customer service and competitive rates. “I’m extremely excited
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Kannaway, The First Hemp Network Marketing Company, Introduces New Platform
by Tina Williams • • 0 Comments
Kannaway, LLC, the first hemp lifestyle network marketing company to offer cannabidiol (CBD)-rich hemp botanical products, recently announced the availability of “GoKway,” its new business-builder platform, that is included in Brand Ambassadors’ tool kits.
This robust suite of resources combines pre-approved content and a wide variety of cutting-edge outbound messaging options for advertising Brand Ambassadors’ network marketing business opportunities from any computer or mobile device. The software solution is designed by and provided through NaXum Online Marketing Services, LLC (NaXum).
“This software play will catapult our growth,” states Jeff Rogers, CEO of Kannaway. “Kannaway selected NaXum based on the Company’s ability to immediately grasp our organization’s vision and rapidly deliver strategic sales resources to empower the growth of our Brand Ambassadors. NaXum’s customized software solutions are remarkable.
Kannaway is extremely proud of the easy-to-use GoKway business-building platform and we can already see that our Brand Ambassadors are benefiting from it.”
Ben Dixon, CEO of NaXum, states, “It is an honor for NaXum to support the online business-builder requirements of Kannaway’s Brand Ambassadors. Kannaway has assembled an all-star team of network marketing leaders who are establishing CBD-rich hemp oil products in the relationship marketing space. We understand that Kannaway’s Brand Ambassadors need innovative
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DubLi Hosts Extravaganza In Dubai
by Tina Williams • • 0 Comments
DubLi is hosting their annual 3 day summit in Dubai this September. Associates from around the world will be flying in with a visa provided by the company. The summit package includes:
3 x lunch buffet and beverages (non-alcoholic) @ Armani Hotel
3 x days coffee breaks @ Armani Hotel
Event gift package
Access to experience one of the world’s most luxurious hotels
Access to the world´s tallest building
Free Shuttle Bus to Armani Hotel event venue from selected hotels
Desert Safari trip incl. 5-star menu + beverages (alcoholic drinks not included), Sand Dune Rides, Live DJ, Belly Dancers, Quad Bikes, Henna Paint, Camels, Dancing and much, much more…
Evening Marina Cruise Dinner in Dubai Marina – Sail on one of the unique DHOW ships in the Dubai Marina while you enjoy a 5-star menu + beverages (alcoholic drinks not included)
DubLi Inc through its subsidiaries, provides Cashback rewards and value-based travel, shopping, and entertainment portals to online customers, through DubLi.com, worldwide. The company?s DubLi.com, which features various brand name stores and travel companies, enables consumers shop, find the deals, and then earn Cashback with each purchase. It also operates DubLi Network (Dublinetwork.com) that offers the entrepreneurs an opportunity to create their own distributor organizations.
DubLi Inc was at $0.125, showing
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Organo Gold Launches BrewKups In USA And Canada
by Ted Nuyten • • 0 Comments
Organo Gold, the gourmet coffee company that caters to consumers active lifestyles, today announced its entry into the brewed coffee category with the launch of its single serve BrewKupTM, the first OG product endorsed by Greg Norman, Former World #1 golfer and global entrepreneur. Norman and his company, Great White Shark Enterprises, entered into a global partnership with Organo Gold in October 2013.
“Entering into the brewed coffee category is a natural step in Organo Gold’s evolution,” stated Bernardo Chua, Chief Executive Officer and Founder of Organo Gold. “As we continue to expand our global footprint and extend our brand reach, it’s critical that our Distributors and customers have product options that are in keeping with OG’s lifestyle commitment.”
“The BrewKupTM addition to the Organo Gold product line is a natural fit with OG’s global culture — offering choice, convenience and simplicity and I am excited to be a part of this new energy within Organo” added Greg Norman.
BrewKupTM is Organo Gold’s single cup brewing system that is designed for use in most popular single-serve coffee makers. Organo Gold enters the market with two exclusive product collections infused with Ganoderma: Black Gold and Premium, which includes both Toasted Hazelnut and Chocolate Almond.