Got word yesterday that iLearningGlobal is shutting down.  Here is a snip from the letter they sent out:

Dear Mastermind Marketers,

Over the past two years iLearningGlobal has passionately pursued our vision of taking transformational training and development to the world. With integrity as our core value we have worked around the clock to ensure we deliver maximum value and the ultimate experience for our customers and marketers. We have delivered significant changes to increase marketer rewards from the compensation plan and improved the quality of the product and overall user experience.

Much has changed in the marketplace during the past two years. When we began, streaming HD quality video was a unique and distinct advantage, public perception of online video training and higher end pricing was the norm, speakers continued to protect most of their content and the global economy was still perceived as strong.

While we have continued our quest to be the cutting-edge leader in our industry, we find ourselves facing a vastly different environment. HD video streaming is more common, authors and speakers are giving away a great deal of content, online communities are low-cost or no-cost and discretionary spending is at a record low. All of this has challenged our pricing structure, particularly under our network marketing model.

We have taken great pride in being able to offer so much for so little and yet we find ourselves struggling to remain competitive and congruent in our value. Functioning within a network marketing model makes pricing and value changes difficult due to the compensation plan.

We remain committed to our goals and have worked around the clock to tweak and refine who we are and what we do in order to reach critical mass and the all important momentum phase. Every change we have made has been based on solid research, a committed Board of Directors, faculty members and the finest experts we could access. Without the critical mass, momentum and leaders emerging who can create and sustain a culture, our goals have remained elusive. The current market has compromised our pricing model for long-term strength and stability.

While giving the networking model every possible chance to survive and thrive it simply is not working as a value either for customers or for marketers. The Board of Directors has determined that the best way for the corporation to achieve its goals of delivering transformational training to the world is to move to a more traditional retail and corporate sales model.

Per the Marketer agreement terms and conditions section five (5) and Policy and Procedures section 11.4, we are providing a 30-day notification of the termination of the network marketing model.