Last month the TelexFree Trustee estimated the TelexFree victim claims portal would go live in early May. Slightly late but better than never, the victim claims portal has just gone live. TelexFree affiliates who lost money in the $1.8 billion Ponzi scheme have until September 26th @ 4:30pm to file a claim. Note that you can [Continue reading…]
Nearly 90 days after it launched, Scottsdale-based Plexus Worldwide , a leading direct-selling health, wellness and weight-management company, has completed a 40-city “Opportunity of a Lifetime Tour” across the U.S, Canada, and Australia.
Plexus Worldwide currently has more than 250 employees in Arizona and more than 300,000 Ambassadors across the United States, Canada, Australia and New Zealand. Just five years ago, Plexus had revenues of less than one million, and in 2015 Plexus surpassed $384 Million.
The program, which has been operating for several years, drew record-breaking crowds for the company as an estimated 15,000 current and potential Ambassadors (independent resellers) attended the events.
Plexus Worldwide’s “Opportunity of a Lifetime Tour” is a two-hour event, usually held in a hotel ballroom, that gives current and potential Ambassadors the opportunity to learn about Plexus’ products and the company’s industry-leading compensation opportunity.
Speakers included top ranking Ambassadors that shared their tips for success. Plexus’ CEO Tarl Robinson, President Alec Clark, or COO Keith Jackson attended each and every meeting, making this event unique compared to other direct-selling company tours.
“It’s such an honor to be able to share our message about what Plexus Worldwide can offer, and seeing hundreds and sometimes thousands of people in the audience who are excited about the opportunity is very humbling,” said Alec Clark, President of Plexus Worldwide.
“Our goal is to help people lead healthier, happier lives, and we’re hoping the 2016 ‘Opportunity of a Lifetime’ tour helped people see that it is possible.”
For the first time during the “Opportunity Tour”, Plexus Worldwide also travelled to Australia, visiting five cities in nine days, including Sydney, Perth, Adelaide, Melbourne, and Brisbane.
About Plexus Worldwide:
Since its inception, Scottsdale, Arizona-based Plexus Worldwide has been helping people transform their lives with exceptional, science-based health, wellness and weight management products and an exciting home-based entrepreneurial opportunity.
Plexus has been featured on the Inc. 5000 list of fastest-growing companies, and was named the 46th largest direct selling company in the world in 2016, according to Direct Selling News (DSN). Plexus’ core beliefs are simple: Be Trustworthy, Be Honest, Be Reliable, and Be Responsible. For more information about Plexus Worldwide visit www.plexusworldwide.com .
Youngevity International, Inc. (OTCQX: YGYI ), a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, today announced the Company’s management team will commence the strategic growth agenda, which was first announced and outlined on the First Quarter Shareholder Conference Call.
David Briskie, President and CFO of Youngevity, stated,
“As announced on our earnings call, we are ready to begin our corporate strategic growth initiative.
Having issued guidance in the range of $175 to 190 Million for 2016, we believe we are at the perfect inflection point to take the Company to new heights.
We will investigate an up listing on one of the senior exchanges. Our plan is ambitious; however, with strong product sales, over 1000 products available, organic growth and the stepped up activities of our distributors, we believe we are well positioned for the future.
In addition, our coffee business continues to expand as we explore additional U.S. based retail opportunities.”
Steve Wallach, CEO of Youngevity, said, “This is an exciting time for management and all our shareholders. As our plan evolves we will update our shareholders on the progress we are making to up list on the NYSE or NASDAQ.”
To Listen to the 1Q 2106 Youngevity Shareholder Conference Call Referenced Above: Click the following link: http://ygyi.com/calls.php
About Youngevity International, Inc. Youngevity International Inc., (OTCQX: YGYI ) (www.YGYI.com ) is a fast-growing, innovative, multi-dimensional company that offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a “network of networks.”
The Company also is a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels. The Company was formed after the merger of Youngevity Essential Life Sciences (www.Youngevity.com ) and Javalution Coffee Company in the summer of 2011, and changed its name to Youngevity International Inc. from AL International, Inc. in July 2013.
LAKE MARY, Fla.–(BUSINESS WIRE )–Winners have been announced in the 37th Annual Telly Awards, and Jeunesse has come away with 10 awards for seven different video projects, including a Silver Telly Award for the Life with Jeunesse video.
“Videos are an important way we tell the Jeunesse story. They also engage and educate our customer and distributor audiences”
The Silver Telly is the competition’s highest honor and is bestowed on less than 10% of entries. With over 13,000 entries from all 50 states and numerous countries, this is a truly prestigious honor. The judging panel also awards the Bronze Telly for projects that meet their high standard of merit.
Jeunesse received awards in several categories and specialties, including cinematography, music and editing. Two of the company’s videos garnered multiple awards. The Nevo Energy video was awarded three Bronze Telly Awards and the EXPO Unite Singapore commercial garnered two Bronze awards. Other Bronze award-winning videos include 6 Amazing Years, 6 Ways to Earn, Jeunesse Lifestyle Rewards and Jeunesse Billion Dollar Brand.
“Videos are an important way we tell the Jeunesse story. They also engage and educate our customer and distributor audiences,” said Jeunesse Chief Visionary Officer, Scott Lewis. “I am proud that this work has been recognized alongside renowned brands, top agencies and major media outlets, and I sincerely congratulate our talented team for their continued legacy of producing quality creative work.”
Having been awarded 41 Telly Awards over the past three years, Jeunesse has a successful track record in this competition. The Telly Awards is the premier competition honoring the finest video and film productions. The Telly is one of the most sought-after awards by industry leaders, from large international firms to local production companies and ad agencies. Notable Telly Award winners include CNN, Coca-Cola and Disney.
Recently, Herbalife’s (NYSE:HLF) shares have performed very strongly as a result of an earnings beat and an update from Herbalife regarding the FTC. Investors viewed the news of a possible FTC settlement highly favorably and thus sent the stock up considerably. The market is currently fixated on the fact that Herbalife estimated a modest payment of $200M (note that it doesn’t actually have a deal). This view was reinforced by the fact that this number was reported on hours before the full language of the 10-Q was published which made investors and the media excessively fixate on it.
However, I believe that the assumption that the totality of Herbalife’s regulatory risk is $200M is completely wrong. The biggest risk facing Herbalife is changes to its marketing plan (the Golden Goose). In this article, I will take you through Herbalife’s business model and speculate on what the FTC may require Herbalife to change. The article is an assessment of regulatory risk which is by its very nature uncertain. We do not at this stage know what the FTC wants to do. However, we do know that changes will be made and these will be non-trivial.
A Massive Hint From The FTC
The way in which Herbalife’s FTC position was made public was highly unusual. However, even more unusual was the fact that the FTC decided to make a statement through a spokesperson the very same day. Reporting on the statement Reuters said :
The FTC said a possible settlement could also require Herbalife to change certain business practices. Injunctive relief, a spokesman said, could be “just as significant as the money obtained for consumers and even more influential on a company’s future operations.”
Investors should read this statement extremely carefully. Essentially, this statement is saying that the changes to Herbalife’s business model will be more influential than the $200M payment that Herbalife’s management expects to make (this is an estimate and not the result of a deal with the FTC). At this point, we do not know what the changes are only that there are likely to be changes and that they will be more influential than a payment of $200M. Investors are best to watch from the sidelines until there is more clarity about what business model changes will transpire. At present, Herbalife is not a compelling investment even under the assumption that no materially adverse regulatory action is taken.
Compounding this statement, we also got a hint from Charles Gasparino at the Fox Business Network (which is discussed extensively by QTR here ) who said that Herbalife had agreed to some business model changes but was still haggling over the final settlement. It is now abundantly clear that material changes to Herbalife’s business model are highly likely to transpire. In this article, I will explain what these changes are likely to be and how these are likely to affect Herbalife. I believe the market does not fully understand the possible effects of changes to the company’s business model and hence is significantly mispricing the company’s regulatory risk. The New York Post, however, published an article contradicting both the FTC and Gasparino by stating that Herbalife had reached a settlement that does not include major changes. However, a corporate source told Gasparino that no settlement had been reached. Furthermore, ValueWalk concurs with this view.
The best indication we have regarding regulatory action from the FTC is what happened at Vemma. I believe that the most likely action the FTC will take in its injunction is to impose rules that will make running a pyramid scheme impossible. It is much easier for the FTC to mandate simple anti-pyramid rules than to attempt to close a company for being a pyramid scheme (as the seemingly never ending FTC vs. BurnLounge Inc. case showed). It would be exceedingly difficult for Herbalife to argue that it is unreasonable for it to implement anti-pyramid scheme safeguards.
Continue to the rest of the article – Article Source – SeekingAlpha.com