MLM Weekly News: Covering VEMMA, 21Ten, And The Current Network Marketing Stock Report

Verve

Verve Family Gets a New Look!

A new look brings the Verve brand into the modern VEMMA family! We’re celebrating Verve’s fourth birthday and the sale of more than 24 million cans of our one-of-a-kind energy drink with a fresh packaging makeover for both low natural sugar and no sugar varieties. Read On…

Here is an added bonus for reading this blog article.

 

MLM Attorney Kevin Thompson Building An Email List… Why?

 

MLM Attorney Newsletter Subscription from Kevin Thompson on Vimeo.
 

Join Kevin Thompson’s email list here

21Ten
Announces New Board Of Advisors… And it includes another MLM CEO!

As we approach our one-year anniversary since the official launch of 21TEN, and with only 99 years to go before we hit our namesake year (2110), I have the honor of introducing our newest slate of Advisory Board members. Read On…

Ken Shamrock

Ken Shamrock
UFC Hall of Famer, Pro Wrestler

I watched all these kids rolling around, all the energy they had, and man, I was thinking to myself, “I wish I had that type of energy.”

I was introduced to Life Shotz, and I thought, “I’ll give this a shot.” After about a week, it’s one of those subtle things, when you don’t realize the things you’re getting done in one day. You just start going through it, and all of sudden you have all this energy. Read On…

Gretchen Price

Gretchen Price Named Executive Vice President, Chief Financial And Administrative Officer Of Arbonne International

IRVINE, CALIF., June 23, 2011 – Arbonne International, LLC (Arbonne) today announced the appointment of Gretchen Price as Executive Vice President, Chief Financial and Administrative Officer, effective July 20, 2011. Ms. Price joins Arbonne from philosophy, Inc., where she served as Executive Vice President, Administration and Chief Financial Officer since 2008. Previously, she served a 31-year tenure at Procter & Gamble where she held various positions including Vice President and Treasurer, and Vice President and General Manager, Global Operations. Read On…

Rita Cosby

Rita Cosby Joins MonaVie Business Advisory Board

Rita Cosby is a renowned Emmy® winning TV host, veteran correspondent, and dynamic motivational speaker who anchored highly rated prime-time shows on FOX News Channel and NBC. She is currently a special correspondent for the top-rated CBS syndicated newsmagazine Inside Edition, and frequently guest hosts some of the largest TV and radio shows in the country. She has been interviewed or profiled by hundreds of media outlets across America and overseas. Read On…

Current Stock Report Provided By Direct Selling News!

Herbalife Ltd. Has a Blowout Second Quarter

Herbalife Ltd. (HLF—NYSE) reported that second quarter net sales increased 27.7 percent with revenue up $879.6 million worldwide, and local currency net sales increased 19.9 percent compared to the same time period in 2010. Net income for the quarter of $111.2 million, or 88 cents per diluted share compares to 2010 second quarter net income and EPS of $82.2 million and 65 cents, respectively. The company also raises its fiscal year 2011 EPS guidance to a range of $2.97 to $3.07. Read On…

Nu Skin Enterprises

Nu Skin Enterprises Inc. (NUS—NYSE) announced record second quarter 2011 results, with revenue of $424.4 million, a 9 percent improvement over the prior-year period. Quarterly revenue was positively impacted 8 percent by foreign currency fluctuations. Earnings per share for the quarter were 65 cents, a 30 percent improvement over the prior year. Read On…

Tupperware Brands Corp.

Tupperware Brands Corp. (TUP—NYSE) reported record second quarter 2011 sales and profit for quarter ended July 2, with a sales increase in local currency of 9 percent before a positive impact from foreign exchange rates of 10 percent. This resulted in record reported sales of $66.9 million, which were 19 percent above the second quarter of 2010. Read On…

USANA Health Sciences

USANA Health Sciences Inc. (USANA—NYSE) reported financial results for its fiscal second quarter ended July 2, which were stronger than the preliminary results announced on June 29. Read On…

Avon Products Inc.

Avon Products Inc. (AVP—NYSE) reported second quarter 2011 total revenue of $2.9 billion, 9 percent higher than that of second quarter 2010. Constant-dollar sales rose 2 percent in the second quarter as foreign exchange contributed 7 percent to growth. Total units declined 3 percent while price/mix rose 5 percent during the quarter. The acquisition of Silpada Designs Inc. contributed 150 basis points to revenue. Read On…

Relìv International Inc.

Relìv International Inc. (RELV—NASDAQ), a maker of nutritional supplements that promote optimal health, reported its financial results for the second quarter of 2011.

Primerica Inc.

Primerica Inc. (PRI—NYSE) announced financial results for the second quarter ended June 30. Operating revenues increased by 17 percent to $273.1 million in the second quarter of 2011, compared with $233.9 million in the second quarter of 2010. Net operating income was up 21 percent to $45.0 million, or 59 cents per diluted share, in the second quarter of 2011, compared with $37.2 million, or 49 cents per diluted share, in the second quarter of 2010. Results were driven by continued growth in New Term premium and strong Investment and Savings Products performance as well as a lower income tax rate partially offset by higher expenses. Read On…

Medifast Inc.

Medifast Inc. (MED—NYSE), a provider of clinically proven portion-controlled weight-loss programs, reported financial results for the second quarter ended June 30.

For the second quarter, Medifast reported net revenue increased 17 percent to $78.3 million from net revenue of $66.7 million in the second quarter of the prior year. Read On…

Living An Epic Adventure,

Troy Dooly

MLM News Report: What Is VEMMA Doing Right, Primerica Founder KeyNote Speaker, Red Flags Remain At AutoXTen & Skinny Body Care Find Out Why

What is VEMMA doing right?

I think VEMMA, among others could be seen as a modern icon in network marketing because they combine modern techniques with traditional principles this marketing channel was founded on.

– VEMMA is driven by a mission of changing peoples lives, through formulating products that work, and offering a business opportunity the average distributor can earn $300 to $500 part-time.

– VEMMA has a chief formulator on the team (Dr. Wang) and doesn’t outsource their product formulation to some 3rd party formulator who doesn’t fully understand the mission.

– VEMMA owns its own bottling plant. This ensures they do not have to worry about a 3rd party bottling company doing things under par. BK and his team know what is happening at every step of the process.

– VEMMA doesn’t see their field force as glorified 1099 employees, but as true brand partners. This is evident in their new incentives…

* Trip incentives at all rank levels
* BMW car incentive
* Three (3) and yours is FREE
* And… it makes you wonder what will transpire in 2012 🙂

ART Williams still has the fire for the Primerica Agents

What’s up at AutoXTen?

Sadly, AutoXTen is still running by the seat of their pants. What I find so disheartening is the fact the owners told me personally they built this company to protect the distributors from going through what they have gone through over the years. Yet… they are doing exactly what others have done… They think they launch on a shoestring, and not hire the right legal/consulting representation.

Due to the shortcuts, this company based on the date of the report, seems to fall under the legal definition of pyramid. And based on the legal definition of a direct sales company, they do not come close.

Skinny Body Care Update!

Well I talked to Ben Glinsky, Grimes & Reese, and did a little international research. Based on the date of this report, the red flags stand.

Ben provided an unsigned Letter of Engagement from Grimes & Reese. I contacted the firm and they did verify Ben Glinsky, through his company ProWealthSolutions.com LLC., which does validate my research in the last review.

However, Grimes & Reese could confirm if Ben Glinksy had come to them to review any of the Skinny Body Care operation, until they received his permission.

Based on Glinsky’s attitude and comments to me, I doubt he will give his permission. He informed me Grimes and Reese had approved his site and the launch of the business without policies and procedures, and were cool with the website.

I find this very perplexing since I have reviewed dozens of Grimes & Reese clients and have never found where the firm has approved the opporation of a direct sales/MLM/Network Marketing business model without Policies and Procedures, and a solid compensation plan document.

As a matter of fact Ben’s statements are completely 180% out of compliance, based on Kevin Grimes trianing at MLMComplinanceVT.com.

I also did a quick Google search for the two international offices located on the website, and this is what I found.

By the way, if you are a distributor, you might want to review the short Terms and Conditions which are now located at the bottom of the page. You will find, they favor the company 100%, and leave you holding the bag on everything.

It always amazes me how distributors get mad when a company leaves them holding the bag, but they forget to read the Terms & Conditions and the Policies and Procedures.

Ask yourself this question… How much liability do you the distributor have, if the Skinny Body Care product comes under the same scrutiny as Herbalife’s product in the 1980’s?

Let me introduce you to Terri Armstrong. It is not that Terri is some great once in a lifetime story that caused me to watch her over the last few months. Instead it was the fact she walks her talk.

Watching what she posts, I narrowed down two very important principles she lives by…

1. She believes it is not about “life change” but Life Transformation.” This may seem small until you realize with “life change” there is a chance a person can move back to where they use to be. Change doesn’t always mean positive results. But when a person goes through a “life transformation” there is no going back. Ever see a butterfly, change back to a caterpillar?

2. Her self-confidence is catching. This is not a lady who is timid at sharing her passion and belief in her company, product and results.

Chris Widener writes the following in his best selling book – Angel Inside “If you are to be successful you must find self-confidence in the things you do well, and then pursue them.”

Terri is truly pursuing hers.