MLM Blog – Network Marketing Blog

Pre-Paid Legal Services’ Largest Shareholder Dumps Stock?

Posted on 10. Mar, 2010 by Dan Mitchell.

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Pre-Paid Legal Services Inc. said its largest shareholder, Thomas W. Smith, resigned from the board and is considering whether to sell all his stock.

Smith’s departure wasn’t the result of disagreement over “operations, policies or practices,” the Ada-based company said in a separate filing. Smith holds about 2.58 million shares, or almost 26 percent of the outstanding stock, Pre-Paid Legal said.

The shares rose 20 cents to $41.86 in New York trading Thursday, valuing his stake at $108 million.

Pre-Paid also announced this week that founder Harland Stonecipher will step down as chief executive officer and president, effective April 2. Stonecipher, 71, will remain chairman. Chief Operating Officer Randy Harp, 54, was named president, and will share the CEO job with Mark Brown, 56, the chief marketing officer.

Source: Bloomberg News

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Goldquest Pyramid Scammers Arrested in Iran

Posted on 09. Mar, 2010 by Dan Mitchell.

The Iranian security forces have arrested 30 suspects in connection with Goldquest, a controversial network marketing company which has allegedly defrauded thousands of people worldwide.

The Iranian Intelligence Ministry announced that 30 key members of Goldquest have been arrested on charges of defrauding people "out of more than 5 trillion rials (about $500 million)," IRIB reported.

The Intelligence Ministry added that the suspects were handed over to judicial officials for further investigations and confessed to defrauding many Iranians, especially young people.

The criminals, who said they worked for an investment company called Quest International, served as the main go-betweens connecting members of the illegal Gold Quest pyramid investment company working in Iran and its leaders based in foreign countries.

Goldquest is a global network marketing company that claims to be engaged in selling coins and watches that are said to have numismatic value.

Network marketing companies like Goldquest work on the principle of the pyramid scheme, a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme.

Source: Press TV

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Nu Skin Snags Communitas Awards

Posted on 09. Mar, 2010 by Dan Mitchell.

Nu Skin Enterprises Inc was recognized for outstanding corporate social responsibility programs with the presentation of two Communitas Awards. The awards are given by the Association of Marketing and Communication Professionals (AMCP) for excellence in community service and for ethical and environmental responsibility. The Communitas Awards is an international effort to recognize the spirit of communitas, people helping people.

"This honor is particularly meaningful because it recognizes our mission to be a force for good in the world by empowering people to improve lives," said Truman Hunt, Nu Skin president and CEO. "It's our giving culture that unites our global family of distributors, customers and employees in innovative efforts that multiply our ability to help people around the world. These efforts are particularly evident in the work we do through the Nu Skin Force for Good Foundation and the company's Nourish the Children initiative."

Source: PR Web

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YTB Appoints State Senator Burt Saunders to Board of Directors

Posted on 09. Mar, 2010 by Dan Mitchell.

YTB International Inc.’s board of directors appointed Burt Saunders as a director, as well as to the board’s investment committee, the company said in a regulatory filing Monday.

The appointment was effective March 2. In addition to one-time and restricted stock awards, as a nonemployee director Saunders will receive annual compensation of $30,000 for his board service and $1,000 in cash for each board meeting or committee meeting he attends.

The multilevel marketer of travel agent Web sites also said that on March 2, the board approved an additional $12,000 in monthly pay for CEO Robert Van Patten for his duties as interim chief financial officer, according to the company’s filing Monday with the Securities and Exchange Commission.

Source: St. Louis Business Journal

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OxyFresh in Pre-Launch with 21Ten

Posted on 09. Mar, 2010 by Dan Mitchell.

OxyFresh is launching a new multi-level marketing company called 21Ten. The product is a super-juice vitamin powder that comes as a "nutrition stick."

This from their website:

21TEN is owned by Oxyfresh, a 25-year veteran of the MLM industry (Oxyfresh itself is launching a massive conversion to environmentally sound packaging in 2010). Oxyfresh has developed over 50 pure residual income products that are so good for repeat business that the average active Oxyfresh distributor orders three times the requirement. That's three times, or $300, every month.

Oxyfresh may not be the glitziest company out there, but you use its products every day, in every way. It's a rock-solid, profitable business that has been paying residual income royalties since 1984 — before some of you were even born, and before most of you got out of high school. Oxyfresh even pays residual income to the granddaughter of one of its founding distributors, and plans on continuing that trend.

They seem to be targeting the 18 to 35 market with their marketing efforts - everything from the cheeky copy on the website to the packaging tries way too hard to be cool. They even use the domain name socoolithurts.com on the packaging! What hurts way more than being cool is trying so hard to be cool.

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Tahitian Noni International announces $250,000 Bioactive Beverage Challenge

Posted on 09. Mar, 2010 by Dan Mitchell.

Tahitian Noni International (TNI) announced a new $250,000 Bioactive Beverage Challenge to all makers of superfruit juices in the network marketing industry. TNI believes that their Tahitian Noni® Original Bioactive Beverage™ is so unique that no other product in the industry will measure up to it.

“Tahitian Noni Original not only meets the requirements, it exceeds them.”

Tahitian Noni® Original is the authentic bioactive beverage that has been used by millions of people around the world. Designed for adults, it’s packed with over 150 bioactive compounds—including 12 unique iridoids—that deliver a multiplicity of benefits to the human body.

Tahitian Noni International will pay $250,000 to any company in the network marketing industry that can prove its signature product has all of the following qualities:

* The product features at least 14 human clinical studies, and
* The plant ingredient has at least 52 scientifically validated patents, and
* The product has been validated as a world class adaptogen and contains 15mg of iridoids or more in each recommended serving, and
* The product contains bioactives from a validated medicinal plant that after processing and pasteurization remains stable for at least two years, and
* The company employs scientists who collectively have authored no fewer than 35 peer-reviewed publications about its signature products in scientific and medical journals, and
* The product adheres to the World Anti-Doping Code and has been approved and certified by an independent laboratory.

“We are supremely confident that no other network marketing product in the world comes close to the criteria listed above,” stated Kelly Olsen, founder and member of the Board of Directors of Tahitian Noni International. “Tahitian Noni Original not only meets the requirements, it exceeds them.”

The $250,000 Bioactive Beverage Challenge runs from March 1 – June 1, 2010. For a complete list of rules and conditions please go to www.tni.com/250K.

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Jusuru Keeps Up With Skyrocketing Sales?

Posted on 06. Mar, 2010 by Dan Mitchell.

When an MLM or Network Marketing company boasts about skyrocketing sales and the size of their upcoming national convention what's the one thing you look at to confirm their claims? Numbers, right?

Well, Jusuru has issued a press release claiming that to keep up with "skyrocketing sales" they've released "a series of announcements on its new, expanded, marketing program" that will allow them to accommodate more growth. No mention of what exactly are "skyrocketing sales." Also, the new expanded marketing program is mostly an addition of new marketing material that Jusuru reps can purchase - like Spanish language Starter Kits and Jusuru clothing and gear.

They also claim that the most telling new development at Jusuru is the "sheer size" of their upcoming convention in California. Once again, no numbers...

Sounds like hype to me...anyone have any real numbers?

You can read the whole press release over at PR Web.

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Pre-Paid Legal Services CEO Quits

Posted on 03. Mar, 2010 by Dan Mitchell.

Pre-Paid Legal Services, Inc. (NYSE: PPD) announced today that effective April 2, 2010, its founder and current Chief Executive Officer, President and Chairman of the Board, Mr. Harland C. Stonecipher, 71, will relinquish the title and responsibilities of Chief Executive Officer and President. At the suggestion of Mr. Stonecipher, the Board of Directors unanimously approved that the title and responsibilities of Chief Executive Officer will be shared equally by two co-CEOs - Randy Harp, 54, Pre-Paid's current Chief Operating Officer, and Mark Brown, 56, Pre-Paid's current Chief Marketing Officer. The Board also named Mr. Harp as Pre-Paid's President.

Mr. Harp was named Chief Financial Officer in March 1990 and served in that capacity until May 2000 and has served as Chief Operating Officer since March 1996. Mr. Harp served on the Board of Directors from March 1990 until May 2004 when he resigned from the Board of Directors as part of a corporate governance initiative required by the rules of the NYSE to have independent, outside directors comprise the majority of the Board. Mr. Harp will continue to serve as Chief Operating Officer.

Mr. Brown was named Senior Vice President and Chief Marketing Officer in October 2006. Prior to his appointment to the new position, Mr. Brown was our National Sales Director for Group Marketing and Senior Regional Vice President for most of the State of Texas and has been one of our independent associates for 15 years. Prior to his association with us, Mr. Brown owned his own printing business for 18 years.

Source: CNW

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Herbalife Sponsors Indy 500 Entry

Posted on 02. Mar, 2010 by Dan Mitchell.

Herbalife, a global nutrition and direct-selling company, announced today that the company will serve as the primary sponsor for the No. 99 Sam Schmidt Motorsports/Chip Ganassi Racing entry in the 2010 edition of the Indianapolis 500-Mile Race driven by Herbalife-sponsored athlete Townsend Bell.

Bell, 34, of San Luis Obispo, Calif., comes back to the "Greatest Spectacle in Racing" in the bright green HERBALIFE SSM/CGR Dallara Honda open-wheel car after recording a sensational charge at the famed Indianapolis Motor Speedway in finishing fourth behind the wheel of the Herbalife machine in the 2009 running of the world's biggest auto race.

"Bringing Herbalife on board for this year's Indy 500 is very exciting for our effort in 2010," said Schmidt, a three-time Indy Lights champion team owner. "A worldwide nutrition company such as Herbalife gives our SSM/CGR program a strong foundation to prepare a winning machine for Townsend. Again partnering with Chip's operation puts us in a position to qualify well and race for the ultimate motorsports prize, the Indianapolis 500. We have an excellent team led by Chris Griffis and I am very proud to enter a solid effort for the Indy 500."

Source: Market Watch

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YTB Corporate Secretary and ZamZuu President Andrew Cauthen resigns to work at Vollara

Posted on 02. Mar, 2010 by Dan Mitchell.

Andrew Cauthen has resigned as Corporate Secretary of YTB and President/COO of ZamZuu on February 23. Here's the press release:

YTB International, Inc. a provider of E-commerce business solutions for individual consumers and home-based independent representatives in the United States, Puerto Rico, Bermuda, the Bahamas, the U.S. Virgin Islands, and Canada, today announced the resignation of Andrew F. Cauthen as Corporate Secretary of YTB and President, Chief Operating Officer of ZamZuu, Inc. effective February 23, 2010.

Robert M. Van Patten, Chief Executive Officer, commented, "Andy's work ethic, dedication, and positive attitude were an inspiration to everyone affiliated with YTB over the last 5 years. His leadership will certainly be missed. The Company wishes him the very best in his future business endeavors."

Looks like Mr. Cauthen has landed on his feet at a direct sales company called Vollara. Here's the press release:

Dallas, TX, March 01, 2010 --(PR.com)-- Vollara, LLC., a global leader in direct sales of natural health products and one of the world’s most inspired home business opportunities proudly announces the appointment of Andrew F. Cauthen as the company’s new President effective March 1, 2010.

Mr. Cauthen joins Vollara with a very successful and highly decorated background in executive management, corporate operations, marketing and sales that spans several decades. Most recently he was the President and COO of YTB Marketing, Inc., a direct-selling travel company that supported hundreds of thousands of independent business owners. Mr. Cauthen’s prior experience also includes President/CEO roles with several major companies including two that had asset bases of greater than $1 billion and more than 2,000 employees.

“From day one, our goal has been to be the best, and in order to achieve this we need to engage great people,” said Joseph P. Urso, Chairman and CEO of Vollara. “Andy Cauthen is one of those people. He has a track record of great achievements and, most importantly shares our values. We are honored to welcome him to the Vollara family.”

“There are usually only a few times in your life when you are presented with an opportunity to work with a truly great company and a leader like Joseph P. Urso,” said Andy Cauthen. “It is my distinct privilege to participate in the exciting future of Vollara.” Upon joining Vollara, Mr. Cauthen will focus on complete and total field support, encompassing all aspects of marketing, customer care, training, international growth, communications, events and sales team support.
 

Sources: PR Web & PR-USA

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