Global nutritional supplement company USANA has once again been recognized — in the 2016 Direct Selling Association (DSA) Code of Ethics Communication Initiative — for taking its ethical business practices to the next level within the direct sales industry.
This year’s recognition marks the seventh consecutive year USANA has been named to the initiative, whose purpose is to encourage and promote the education and communication of the DSA Code of Ethics among member companies, members of the field and the general public.
“USANA takes ethical business practices very seriously—that is why we are proud to be a part of such an important initiative,” said Dan Whitney, vice president of ethics and market expansion.
“Every year, we voluntarily participate in the Code of Ethics Communication Initiative because of our commitment to the highest level of ethics in operating a direct sales business.
Being accepted to this initiative is a testament that USANA wants all of its customers and the public to know about the code that guides ethical business practices and consumer services in this remarkable industry.”
Created in 2008, the initiative recognizes member companies that go above and beyond in their efforts to promote awareness of the code by fulfilling the necessary criteria and adhering to ethical business practices within direct sales.
The initiative encourages companies to be truthful about their products, services, identity and privacy. It seeks to eliminate deceptive or unlawful consumer or recruiting practices and creates an environment of ethical business practices.
To qualify for recognition, USANA had to complete at least five of 16 recommended activities before March of this calendar year, but went above and beyond and completed seven. USANA’s qualifications were then reviewed by DSA staff and verified by DSA’s code administrator.
Founded in 1992, USANA Health Sciences (NYSE: USNA) is a U.S.-based nutritional company that manufactures high-quality supplements, personal care and healthy products in its FDA-registered facility in Salt Lake City. Learn more about USANA by visiting our website http://www.usana.com or the official USANA blog http://whatsupusana.com
The funds came from sales of Le-Vel’s limited-edition Hoyt Derma Fusion Technology (DFT), a patch worn on the skin to support the body’s metabolism process.
In June, Le-Vel allocated $5 from every purchase to the Hoyt Foundation, which aims to build the individual character, self-confidence and self-esteem of America’s disabled young people through inclusion in all facets of daily life.
The Hoyt Foundation was formed in 1989 by Dick Hoyt, a retired lieutenant colonel, and his son, Rick, who was born with cerebral palsy and is unable to speak our use his hands and legs.
Despite these challenges, the father-son team has gained recognition for competing in more than 1,100 athletic events in the last 37 years, including 32 Boston Marathons and six Ironman competitions, with Dick pushing his son in a custom-made wheelchair as they run.
“The Hoyts are proof that, with perseverance, belief and a strong support system, we can achieve incredible things,” said Paul Gravette, Co-Founder, Co-Owner and Co-CEO of Le-Vel.
“On behalf of our employees, independent Brand Promoters and their customers, we’re honored to support Team Hoyt and the Hoyt Foundation in their tireless efforts to help the disabled and physically challenged live their lives to the fullest.”
The contribution is part of an ongoing partnership between Le-Vel and Team Hoyt. The virtual company, which uses cloud-based technology for its day-to-day operations, previously donated $50,000 to the Hoyt Foundation, and the senior Hoyt was a surprise headline speaker at Le-Vel’s annual salesforce convention in April.
Founded in 2012 by Jason Camper and Paul Gravette, Le-Vel formulates and sells nutritional/health and wellness products and is the only health and wellness company that uses cloud-based technology for its day-to-day operations. Le-Vel’s cloud-based infrastructure enables the company to keep overhead to a minimum while increasing commissions to its Promoters and putting more money into the Thrive product line. Le-Vel products include DFT, Thrive Premium Lifestyle Capsules, THRIVE Premium Lifestyle Mix, Activate, Boost, Balance, Black Label, FORM, Move and Rest. Le-Vel has over 3.5 million Customer and Promoter accounts, currently ships within the United States, Canada, Australia, New Zealand and the United Kingdom and is looking to surpass $500 million in annual revenue in 2016.
Herbalife (NYSE: HLF), a global nutrition company, has won approval from China’s Ministry of Commerce to operate in three additional provinces with a population of about 57 million, which will contribute to our growth plans in the country.
The Gansu, Ningxia and Inner Mongolia provinces, which include three provincial capital cities and 16 districts, have completed their service outlet reviews that permit Herbalife to conduct direct selling activities.
China’s Ministry of Commerce granted the permits after reviewing the current business practices of Herbalife in the country. Herbalife has 300,000 service providers in China and licenses to operate in 25 other provinces.
“These approvals are a testament to our success in China and our future growth plans,” said Michael O. Johnson, chairman and CEO of Herbalife.
To meet increasing demand, in July Herbalife began operations at its newest facility in Nanjing, a 372,000-square-foot factory that will double Herbalife’s production capacity in China. Herbalife also operates factories in Changsha and Suzhou, and the three facilities combined can produce 60 million units annually. Altogether, Herbalife employs more than 1,300 people in China, including 124 at its new facility in Nanjing.
“Our business continues to expand as more consumers see Herbalife as a trusted, convenient and accessible nutrition brand,” said Jerry Li, senior vice president and manager of China operations for Herbalife. “Our nutrition clubs and preferred customer loyalty program are aimed at engaging Chinese consumers in improving their well-being and weight.”
Besides the three provinces, Herbalife is licensed to operate in these 25 provinces: Jiangsu, Shandong, Zhejiang, Guangdong, Guizhou, Beijing, Fujian, Sichuan, Hubei, Shan’xi, Jiangxi, Liaoning, Jilin, Henan, Chongqing, Shanghai, Tianjin, Shanxi, Hebei, Heilongjiang, Hunan, Anhui, Guangxi, Hainan and Yunnan.
Herbalife also has manufacturing facilities in Lake Forest, California, and Winston-Salem, North Carolina.
Herbalife is a global nutrition company that has been changing people’s lives with great products since 1980. Our nutrition, weight-management, energy and fitness and personal care products are available exclusively to and through dedicated Herbalife Independent Members in more than 90 countries. We are committed to fighting the worldwide problems of poor nutrition and obesity by offering high-quality products, one-on-one coaching with an Herbalife Member and a community that inspires customers to live a healthy, active life.
We support the Herbalife Family Foundation (HFF) and its Casa Herbalife programs to help bring good nutrition to children in need. We also sponsor more than 190 world-class athletes, teams and events around the globe, including Cristiano Ronaldo, the LA Galaxy and champions in many other sports.
The company has over 8,000 employees worldwide, and its shares are traded on the New York Stock Exchange (NYSE: HLF) with net sales of $4.5 billion in 2015. The Herbalife website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com . The company encourages investors to visit its website from time to time, as information is updated and new information in posted. To learn more, visit Herbalife.com or IAmHerbalife.com .
United Games (UG), maker of the soon-to-be-released, interactive sports app will stop accepting applications for new Affiliates in the not-distant future.
“This signals the beginning of Phase 2 for United Games “, said an Independent Affiliate.
Our first phase has been focused on creating our Affiliate organization. The response has been remarkable. Since May 26, we have created a team that spans almost every nation on earth. Thousands of people, including high-profile sports figures and celebrities, have joined us as Affiliates.
They see the enormous income potential of being part of the release of this app.”
“The reason for curtailing new Affiliate enrollments is that we’re moving into the player acquisition phase”. Affiliates get paid whenever players purchase tokens or acquire tokens through advertising offers. Players won’t know that Affiliates even exist. All they’ll know is the name of the game itself and the fun they’re having playing it.”
The exact date of the pause has not been announced, but it will be released this fall in time to play some NFL football. Once released, the app will be available for download through the app stores.
“Pokemon Go broke all records with 50,000 downloads in the first 4 hours”. Our sales and marketing team in conjunction with our Affiliate organization could unify in a way to also have that many downloads or more. If that happens, we could get millions of dollars of free press like Pokemon Go did. That will open the floodgates of downloads, which will also generate a lot of revenue for the company and Affiliates.”
United Games is using a “freemium” download model. Players can download and play the game for free, but they can unlock greater game play and additional features in the app if they purchase tokens, the game’s virtual game currency, or watch targeted advertising similar to other popular games. Candy Crush did $375 million in revenue in the first quarter of 2015 alone using this model of play.
“The company is paying 43%-45% of their revenue to Affiliates. There are several different revenue streams that are paid to affiliates.
Because of the viral nature of this app and because sports is a trillion-dollar industry, it will be a global phenomenon.
Putting a cap on the Affiliate program ensures that our income will be stable. And as we incorporate additional sports, especially globally-embraced sports, we expect we’ll see incomes grow,” said John Zehr , an independent affiliate.
“We’re still looking for top-notch Affiliates,” said Zehr. “Because we only have a handful of weeks to build our teams, we’re looking for the best of the best. Some of the best-known professional athletes in the world have joined us as Affiliates, along with celebrities and top marketers. We’re looking for influencers, people who have significant social media presence, as well as the ability to connect and create social movement.”
Importantly, United Games is not designed for gambling. Companies like FanDuel and DraftKings have come under fire and forced to pay large fines to state governments that regulate online gambling.
“United Games won’t have that problem. It’s not a gambling site so it will be suitable for players of all ages. We’ll be rewarded for performance and participation with points and status, and as we reach personal achievements, we can even get awards like t-shirts, hats, and tickets to games,”.
Becoming an Affiliate with UG is by invitation only. Once the game goes live, registration to be an Affiliate will be a one-time $29.99 fee for a technology suite and a monthly technology subscription of $9.99. Once the app goes live, it won’t be possible to become an Affiliate until UG opens it up again, if they choose to do so.
Mannatech, Incorporated (NASDAQ: MTEX ), a global health and wellness company and – a Triple AAA+ classified opportunity by Business For Home – committed to transforming lives to make a better world, today announced financial results for its second quarter 2016.
Second quarter net sales for 2016 were $48.8 million, an increase of $2.1 million or 4.5% as compared to $46.7 million in the second quarter of 2015. Our net sales increased 7.5% on a constant dollar basis (see Non-GAAP Financial Measure disclosures below). Loss from operations was $(0.1) million for the second quarter 2016, as compared to $4.6 million income in the same period in 2015. Net loss was $(1.3) million, or $(0.49) per diluted share, for the second quarter of 2016, as compared to $3.1 million net income, or $1.15 per diluted share, for the second quarter of 2015.
For the three months ended June 30, 2016, Mannatech’s operations outside of the Americas accounted for approximately 61.1% of Mannatech’s consolidated net sales.
For the three months ended June 30, 2016, Asia/Pacific net sales increased by $2.7 million, or 11.4%, to $26.3 million, as compared to $23.6 million for the same period in 2015. During the three months ended June 30, 2016, the loyalty program decreased sales by $0.4 million, as compared to the same period in 2015, and this decrease was offset by sales from the launch of the TruHealth™ fat-loss product line in Asia/Pacific.
Foreign currency exchange had the effect of decreasing net sales by $0.8 million for the three months ended June 30, 2016, as compared to the same period in 2015. The currency impact is primarily due to the weakening of the Korean Won, Australian Dollar, New Zealand Dollar and Singapore Dollar partially offset by the strengthening of the Japanese Yen. This was offset by an increase of 9.7% in net sales per active independent associate and member during the three months ended June 30, 2016, as compared to the same period in 2015.
For the three months ended June 30, 2016, net sales for Europe, the Middle East, and Africa (“EMEA”) decreased by $0.8 million, or 18.6%, to $3.5 million, as compared to $4.3 million for the same period in 2015. Net sales per active independent associate and member decreased by 23.4% as compared to the same period in 2015. This was partially offset by an increase of 6.3% in active associates and members as compared to the same period in 2015. Foreign currency exchange had the effect of decreasing net sales by $0.6 million when the three-month period ending June 30, 2016 is compared to the same period in 2015. The currency impact is primarily due to the weakening of the South Africa Rand and British Pound.
For the three months ended June 30, 2016, net sales in the Americas increased by $0.2 million, or 1.1%, to $19.0 million, as compared to $18.8 million for the same period in 2015. This increase was primarily due to a 13.2% increase in net sales per active independent associate and member, offset by a 10.7% decline in the number of active independent associates and members. Further, during the three months ended June 30, 2016, the loyalty program decreased sales by $1.0 million, as compared to the same period in 2015, and this was offset by sales from the launch of the TruHealth fat-loss product line in the Americas.
Mannatech experienced positive net sales growth in the second quarter of 2016, growing more than $8.1 million in net sales over the first quarter of 2016. Mannatech’s second quarter’s net sales of $48.8 was the highest net sales figure posted in seven quarters. The growth was preceded by investment in a new company brand, infrastructure technology and the release of 13 new products at the start of the quarter. The quarter benefited by sales of the new fat-loss system, TruHealth, introduced during the second quarter in the United States and Korea, the first markets of a global rollout of the product to new regions that is expected to take place throughout the remainder of 2016.
The approximate number of new and continuing independent associate and member positions held by individuals in Mannatech’s network and associated with purchases of our packs or products during the 12-month period ended June 30, 2016 and 2015 were approximately 222,000 and 228,000, respectively. Recruiting increased 11.1% in the second quarter of 2016 as compared to the second quarter of 2015. The number of new independent associate and member positions in the Company’s network for the second quarter of 2016 was approximately 28,400, as compared to 25,600 for the same period in 2015.
Mannatech’s cash and cash equivalents increased by approximately $4.9 million to a balance of $36.9 million at June 30, 2016 as compared to $32.0 million at December 31, 2015.
Mannatech, Incorporated offers a full body wellness experience through its global network of independent associates and members. With more than 20 years of experience and operations in more than 25 countries, Mannatech is committed to transforming lives. For more information, visit Mannatech.com .