Network Marketing News: NuSkin Facing Federal SEC Investigation Due To China Syndrome

Mannatech Reports Positive 1st Quarter Results – First quarter net sales for 2015 were $44.4 million, an increase of 3.3% as compared to $43.0 million in the first quarter of 2014. Mannatech’s net sales increased 7.4% in constant dollars, which is a non-GAAP financial measure that excludes the impact of fluctuations in foreign currency exchange rates.

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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MLM Attorney Kevin Thompson: DSA Hints At Its Intentions of Publicizing Code of Ethics Violations

I just got back from Dallas where I listened as Kevin Thompson shared publicly as well s privately on some of the subject matter he shred in this article. The question of self-regulation .vs government regulation is one we should all be interested in answering. Thompson continues the conversation and raising some great points in the article below…

KTWithout question, self-regulation is better than government regulation. But when you remove the “regulation” out of “self-regulation,” it’s all sort of pointless. In other words, rules without penalties are meaningless.

I was recently speaking at the Association of Network Marketing Professionals conference. It’s at these sorts of conferences where professionals get a sense of what’s really going on in the industry. We all get together, in casual environments, and compare notes about who’s crushing it, who’s cheating and everything in between. The common frustration throughout the years has been this yearning for improvement. People in the industry have a deep, deep desire to elevate the profession to a higher status. But in an environment where “anything goes,” this has been an insurmountable task. The words have fallen on deaf ears, yielding zero progress. After all, how can you elevate an entire industry without (1) a set of rules; and (2) consequences for when those rules are violated. Currently, we’ve got #1 covered. We’re working on the second.

When people ask me how we can “elevate the profession,” the answer is crystal clear: we need to get more serious about self-regulation. It does ZERO good to have standards when it’s easy (and profitable) for people to infringe on those standards with no consequence. In an environment where there are no speeding tickets for driving 90 MPH in a 70 MPH zone, owners are forced to push the envelope, which leads to serious degradation in industry standards. We have good rules (that need to be improved). But once in, companies have never been…penalized. In an article written by DSA President, Joe Mariano, he makes it clear that better days are coming for ethics. In the article, he writes,

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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Breaking MLM News: Jeunesse Purchase of MonaVie and MYNT Now In Question Through The Courts!

MonaVie-Mona-Vie-Free-Membership-Month-of-March-6809_image

Breaking Update: Judge wants answers, halts takeover of MonaVie — for now

Court Filings:

Original MonaVie ESOP Class-Action Complaint

Bankers Trust Company .vs MonaVie

Bankers Trust Supplement Filing

James Marsh CFO MonaVie Declaration

MonaVie Responce to TRO

Tom Harvey of the Salt Lake City Tribune released an article – Utah-based MonaVie faces foreclosure after spectacular rise and fall. This story broke yesterday and as I went through the whole article I realized several issues.

If I get this right, and it’s tricky as I said reading through the article, and we are just now pulling the lawsuits and filing, here is what I see on the surface.

1. In 2010 two transactions took place (not sure of which came first at this point); major stockholders sold their stock valued at that time at $186 million to the EMPLOYEE ESOP secured by a high-yield (article called it an “exorbitant interest rate), and during this same year, MonaVie executives sought out financing for $182 million from TSG-MV Financing LLC, securing “virtually all the assets” of MonaVie.

Here are my questions and observations… 

 

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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Breaking Cashback News: Dubli Changes Name to Ominto Inc, Outs Michael Hansen As CEO And Appoints New Board And Chairman

DubLicom Ltd. -- MediaNet Group Technologies

Breaking News May 11, 2015: Michael Hansen Out As CEO Of DubLi… What does the future hold? 

Since DubLi entered into the US, I have been concerned, very critical and at times totally amazed at how they continue to stumble and then reinvent themselves (at least on the surface.) First they were a reverse penny auction, then a gift card seller, then a shopping platform, then an entertainment community, and now it seems they are about to move away from their questionable reputation by renaming the company Ominto, Inc (found that in a one liner inside the press release below.)
Over the last few years, they did a reverse merger into a company (Medianet Technology Group) with what looked like major financial issues as the “new DubLi” DubLi fell out of compliance with the SEC when it fell behind in filing quarterly financials or found the need to file SEC documents restating the financial reports for several quarters.

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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Kannaway Honored As Startup Company Of The Year By The Academy of MLM

Last month while celebrating Kannaway’s 1st year anniversary in Miami, I was privileged to announce from stage that Kannaway had been honored with The Academy of MLM’s Startup Company of the year.

Way_Tamm_Award

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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Have You Seen The World’s Premier Network Marketing Training System?

Over the last nine months or so, I have been privileged to see the formulation of what is now being hailed as the “World’s Premier Network Marketing Training System.” At first I was not fully convinced, but as the months went along and I had the privilege of sitting down with the founders, listening as they shared the blueprint of what they were building, I soon realized that not since ProSTEP has there been a system which focused on the average home business entrepreneur, and not just the top performing sales leader. Click below and watch the Go Major launch video!

Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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Internationally Acclaimed Direct Selling School April 27 & 28 2015

 

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Troy Dooly

Troy Dooly is recognized internationally as an influencer in the areas of personal branding, leadership development, marketing campaigns, organizational expansion, and corporate launch strategies. Dooly is a speaker, results coach, and radio host. He is a founding member, show host (Beachside CEO) and News Director of the Home Business Radio Network. He is a founding member, and currently serves on the Board of the Association of Network Marketing Professionals

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