Fifth Circuit Creates an “Insurmountable Barrier” to Pyramid Class Actions

lawyers

In the Fifth Circuit of the United States Court of Appeals, bringing a class action lawsuit against an alleged pyramid schemes just got a heck of a lot harder. According to one of the three Circuit Judges presiding over the case, the court’s decision gives illegal pyramid schemes a “Teflon coating” and protects them “not only from class actions but from any suits claiming fraud.” The entire opinion can be read here.

The case, titled Torres v. S.G.E. Mgmt. LLC (Stream Energy), was a class action suit against the multi-level marketing program Ignite Energy. Plaintiffs were formerly participants in the multi-level marketing venture Ignite, an MLM designed to promote energy services. The Plaintiffs claimed they participated in the venture and ultimately lost money as a result of Ignite’s false misrepresentations that it was a legitimate business. The backbone of Plaintiff’s cause of action rested upon their allegations that Ignite violated the Racketeer Influenced and Corrupt Organizations (“RICO”) Act through mail and wire fraud activity. In order to prove fraudulent mail and wire activity caused their injury, i.e., the loss of their money due to fraudulent promotions online, the law required that Plaintiffs prove they relied on Ignite’s fraudulent misrepresentations claiming to be a legitimate business.

In order to understand the issues surrounding the case, certain legal background and context are necessary. Before a large number of people (“class”), all with a common interest in a particular matter, can sue or be sued, the Federal Rules of Civil Procedure demand what’s called “class certification”. Basically, class certification requires, among other things, that there be questions common to all members of the class. Additionally, these common questions must predominate over any questions that affect only individual class members. As an example, if an individual ate a moldy hamburger at a restaurant, it would not be a “common” issue that would justify class certification. On the flip side, if an individual was overcharged 5% on a cell phone bill, and that strategy was used for all other customers, the “common interest” would certainly exist to justify class certification.

#TheMLMAttorney

MLM News: DSA Defines Direct Selling, Vemma HIt $100 Million In Six Months, Blythe The Most Hated Stock, Youngevity Owns Top Selling USA Coffee Brands

news

The news in and around the Direct Sales aka Network Marketing World is roaring right now from Wall Street to Main Street. So what is it, that has everyone talking? I think it is the fact, that from regulators to critics, people are starting to recognize legit network marketing companies from illegal ponzi and pyramid money schemes.  This new awareness is opening the doors for investors all the way down to brand new independent professionals getting involved in direct sales in one form or another.

BK Boreyko, Co-founder and CEO of VEMMA, home of the Young Peoples Revolution shot me over the numbers for the first half of 2013…

Starting in January – $14 million, February – $15 million, March – $18 million, April – $19.1 Million, May – $19.3 million, and June – $18.1 million. That’s a total over 103 million dollars! And I might also add that in June VEMMA acquired over 24K new customers and Brand Partners!

Youngevity

 

Youngevity International (YGYI) Coffee Division Announces Agreement with Marketing Management Inc.

San Diego, CA – July 8, 2013 – CLR Roasters, a wholly owned subsidiary of Youngevity International Inc. (OTCQX: YGYI) (www.YGYI.com), announced today that it has signed an agreement with Marketing Management Inc’s (MMI) subsidiary brokerage firm Market Solution Inc. (MSI), to represent CLR Roaster’s Café La Rica Espresso and Josie’s Java House ground coffee brands on a nationwide sales campaign.

Café La Rica holds the third place in sales per unit through Walmart stores with a recent increase of 46%. Over the past 52 weeks, Café La Rica has seen a sales increase of over 300% through Winn-Dixie stores. Café La Rica has also been authorized for sale in 318 Publix Super Market locations in Florida.

Josie’s Java House is a boutique styled ground coffee that comes in a variety of blends and flavors. In 2014, the Josie’s Java House line is to be expanded to include Hazelnut Cream through Walmart.

Café La Rica and Josie’s Java House coffees have full distribution through Sedano’s Supermarkets, the largest Hispanic Supermarket chain in the country. As well as being distributed by Associated Grocers, which services 450 independent stores throughout the state of Florida. Discount Drug Mart has added the Josie’s coffee line and Café La Rica Espresso to all 72 of their stores in Ohio with repeat orders. (Read the full Press Release)

CVSL And Tomboy Tools Sign Letter Of Intent   MarketWatch

 

CVSL And Tomboy Tools Sign Letter Of Intent

OPENS DOOR TO HOME IMPROVEMENT AND HOME SECURITY MARKETS

DALLAS and DENVER, July 12, 2013 /PRNewswire via COMTEX/ — Tomboy Tools, Inc., an Entrepreneur Magazine “Top 100 Brilliant Company,” and CVSL Inc. [stock symbol: CVSL] announced today that they have signed a letter of intent for Tomboy Tools to become part of CVSL’s family of direct selling companies. (Read Full Press Release)

Blyth

Blyth Inc. Is NYSE’s Most Hated Stock: Should It Be Your Most Loved?

If short interest as a percent of equity float is an indicator of popularity, Blyth Inc. (BTH) is the most hated stock on the NYSE. However, an in-depth look into the company reveals some key factors that may create an extremely positive risk reward. The market is currently offering shares at unsustainably low valuation, four times management’s 2013 cash flow guidance. Pessimism toward the company is extreme with 75% of the current float short. Management is aggressively repurchasing shares of the company. 14% of the equity float has been repurchased in the last three quarters at higher stock prices than today. The company has repositioned its balance sheet resulting in nearly five years prior to its senior notes maturing. The company’s largest business segment and the focus of the short sellers, appears to be turning a corner. Now may be the perfect time to become a contrarian and invest in Blyth Inc. (Read The Full Report)

HindustanTimes

Government guidelines soon to differentiate genuine, ponzi schemes

To make a clear distinction between genuine direct-selling companies and fraudulent ponzi schemes, the government will soon put in place a set of ‘model guidelines’ to be followed by different states in such cases.

“These guidelines are close to being finalised by the Consumer Affairs Ministry and the Corporate Affairs Ministry has given its suggestions and other inputs in this regard,” union minister Sachin Pilot said.

“There was a meeting of consumers affairs secretary,corporate affairs secretary, myself and other stakeholders on the issue. Once we put these standard guidelines in place, the ambiguities about genuine companies and fraudulent schemes would go away,” the corporate affairs minister told PTI in an interview here. (Read Full Report Here)

Direct Selling

Direct selling is a business model that offers entrepreneurial opportunities to individuals as independent contractors to market and/or sell products and services, typically outside of a fixed retail establishment, through one-to-one selling, in-home product demonstrations or online. Compensation is ultimately based on sales and may be earned based on personal sales and/or the sales of others in their sales organizations.

Direct sellers may be called distributors, representatives, consultants or various other titles. They may participate in various ways, including selling the products themselves or through their sales organizations, providing training and leadership to their sales organizations, referring customers to the company and purchasing products and services for personal use.

Direct Selling Assocation

 

Network Marketing Pros In The News

Doug DeVos and Steve Van Andel (Amway) have been named Business Persons of the Year by the Economic Club of Grand Rapids. They were honored at a dinner at DeVos Place that was headlined by Hillary Clinton, former secretary of state, U.S. senator and first lady. Steve was also named Chairman of the Board of the U.S. Chamber of Commerce this week, where he will serve a one-year term.

Kirsten Aguilar (Vice President of Marketing) and Leslie Boyd-Bradley (Director of Distributor Development) have been named to SeneGence’s non-profit organization, the Make Sense Foundation.

Diahanna Brown, Vice President, Worldwide Events and Promotions for Herbalife, was awarded the Humanitarian of the Year Award by Union Rescue Mission in Los Angeles.

Steve Hastings has been appointed Executive Vice President of Sales & Marketing for RelivBrett Hastings has been appointed Senior Vice President and Chief Operating Officer.

Juliet Morgan has been appointed Chief Marketing Officer at foru international.

Mark Patterson has been promoted to Executive Vice President of Vemma.

Andre Peterson, former Director of Global Public Relations of Morinda Bioactives, passed away in his home on June 1, 2013. Andre had been with Morinda Bioactives for 12 years, having also worked at WordPerfect and Managed Wealth Financial.

Monica Wood is now Vice President of Consumer and Distributor Insights forHerbalife.

Network Marketing Companies In The News

The 11th Annual American Business Awards, aka the Stevie Awards, were presented to honorees during a gala banquet on June 17, 2013 in Chicago. The second round of winners will be announced on Sept. 16, 2013 in San Francisco. DSA congratulates the following direct selling companies for their achievements.

ACN

  • Bronze Stevie Award—ACN’s 20th Anniversary Celebration—Best Tradeshow or Convention
  • Bronze Stevie Award—ACN Celebrates 20 Year Anniversary—Motivational Video

Isagenix

  • Bronze Stevie Award—Isagenix Celebration 2012—Live Event
  • Bronze Stevie Award—IsaDerby—Best Internal Recognition/Motivational Event
  • Bronze Stevie Award—Experience Isagenix—PR Video
  • Bronze Stevie Award—Company of the Year—Health Products & Services

Pending member North American Power

  • Gold Stevie Award—Management Team of the Year—Consumer Services Industries

Rodan + Fields Dermatologists

  • Gold Stevie Award—Company of the Year—Consumer Products—Durables

Stream Energy

  • Silver Stevie Award—Paul Thies, Senior Director of Communications—Communications Professional of the Year

USANA

  • Gold Stevie Award—Management Team of the Year—Consumer Products Industries
  • Silver Stevie Award—Communications or PR Campaign/Program of the Year—Social Media Focused
  • Silver Stevie Award—Dan Macuga, Chief Communications Officer—Communications, Investor Relations or PR Executive of the Year
  • Silver Stevie Award—Human Resources Department of the Year—Health Products and Services
  • Silver Stevie Award—USANA Corporate Rebrand—Brand Executive of the Year—Health Products & Services and Pharmaceuticals
  • Bronze Stevie Award—Ashley Collins, Executive Director of PR and Social Media—Communications, Investor Relations or PR Executive of the Year
  • Bronze Stevie Award—Dave Wentz, CEO—Executive of the Year—Health Products & Services
  • Bronze Stevie Award—USANA 2012 International Convention—Best Tradeshow or Convention
  • Bronze Stevie Award—Doug Braun, Chief Marketing Officer—Marketing Executive of the Year

Vemma

  • Silver Stevie Award—BK Boreyko, Founder and CEO—Executive of the Year—Health Products & Services
  • Bronze Stevie Award—Vemma Revolution Convention—Best Tradeshow or Convention
  • Bronze Stevie Award—Vemma Achieve Film Series—Motivational Video
  • Bronze Stevie Award—This is Vemma! Welcome to the Revolution—PR Video
  • Bronze Stevie Award—Verve Bold Launch—Marketing Campaign of the Year—Health Products & Services

AL International, parent company of non-member Youngevity, has changed its name to Youngevity International, Inc., and will trade under the stock ticker “YGYI.”

Amway is teaming up with KaBOOM! to build a new playground at the Indian Trails Camp in Tallmadge Township, Mich. The camp provides camping experiences for children and adults with disabilities.

Avon’s beauty and fashion boutique brand, mark, has named actress and singerLucy Hale a Beauty Ambassador. In the role, Hale will appear in mark Magalogs, as well as on mark and Avon digital platforms. She will also be the spokesperson for the m.powerment by mark campaign, the brand’s philanthropic effort dedicated to breaking the cycle of dating abuse and partner violence against young women.

Creative Memories recently announced that plans for layoffs, detailed in an April 16, 2013, notice, will no longer be happening. “We have been and will continue to make changes, but at this time we aren’t expecting any layoffs of that magnitude [163]. We want the business to go forward and we need people to do that,” said Chris Veit, CEO.

CUTCO/Vector Marketing recently presented Linda Price, Ph.D., department head and Underwood Family Professor of Marketing in the Eller College of Management at the University of Arizona, with its CUTCO/Vector Distinguished Marketing Award for Lifetime Contributions to Marketing Scholarship, endowed by Vector Marketing Corporation.

Herbalife was presented with an award for its corporate social responsibility by Global Views magazine in Taiwan. The award, in the “Care for the Community” category, was in recognition of Herbalife’s commitment to helping the development of youth baseball in Taiwan.

Immunotec has released its second quarter 2013 financial results. Total revenue for the three-month period reached $12.6 million, an increase of 10.6 percent as compared to the same period in the previous year. Total revenue in the six-month period reached $24.8 million, an increase of 10.4 percent as compared to the same period in the previous year. Network sales in the three-month period reached $11.2 million, an increase of nine percent as compared to the same period in the previous year. Network sales in the six-month period reached $22.4 million, an increase of 10.7 percent as compared to the same period in the previous year. View the full press release online.

Mannatech recently announced the launch of its Give for Real℠ program. This unique, donation-through-consumption initiative is designed to help consumers and social entrepreneurs meet the needs of malnourished children around the world. For every purchase on an automatic order containing certain products, a donation of PhytoMatrix® bulk dietary supplement is provided through MannaRelief to children in need worldwide. MannaRelief is an independent, nonprofit organization.

Mary Kay donated $326,400 to the China Women’s Development Foundation to fund a micro-credit project for women in southwest China’s Chongqing Municipality. The funds will go toward helping poverty-stricken women start their own businesses.

In additional company news, Mary Kay has partnered with Jordyn Wieber, the reigning Olympic gold medal gymnast, to raise awareness of teen dating abuse as the official spokesperson of Mary Kay’s “Don’t Look Away” campaign to help prevent and end dating abuse.

Nu Skin will be opening its Innovation Center in October in Provo, Utah. The facility includes two restaurants (both open to the public), a water feature in the 18,000-square-foot, four-story atrium, walking and hanging gardens, a state-of-the-art fitness facility and a two-story glass pavilion with mountain vista views.

Pending member Origami Owl has made the following staff appointments:

  • Robin Crossman is now the company’s Chief Executive Officer
  • Deb Bursley is Senior Vice President, Marketing and Communications
  • Kym Gonzales is Vice President, New Market Development
  • Pam Mercado is Vice President, Sales Strategy and Incentives
  • Tracey Vlahos is Executive Director, Field Sales Development

PartyLite is a recipient of Manufacturing Executive’s 2013 Manufacturing Leadership 100 Award. The company’s winning project in the Global Value Chain category highlights its successful program to optimize its supply chain through the use of Logility Voyager Solutions™. The Manufacturing Leadership 100 Awards (ML100), presented by Manufacturing Executive, honor manufacturing companies and individual manufacturing leaders who help shape the future of global manufacturing.

In additional company news, PartyLite sponsored and participated in the Relay for Life of Greater Plymouth (Mass.) recently. The event is an annual fundraiser for the American Cancer Society.

Primerica held its 2013 conference last week at the Georgia Dome. Approximately 35,000 distributors attended the event.

Scentsy recently donated $123,000 to the Special Olympics International. Orville and Heidi Thompson presented the check to representatives from Special Olympics International and member Lauren Schmellick, an Idaho contestant in the 2011 Special Olympics Summer World Games in Athens, Greece, during a ceremony. The money was raised through the sales of its fall and winter special release candle, “Champion.”

Distributors who attended Talk Fusion’s “Believe” corporate event, held recently in Russia, raised a total of $80,000 to benefit Rusfond USA to pay for three surgeries for a Ukrainian toddler suffering from spina bifida.

WineShop At Home has moved into a new 20,000-square-foot facility in Napa Valley, Calif., at the Gateway Business Park.

WorldVentures has launched a Trust Council to measure, audit, counsel and advocate company practices and behaviors in the field and at the corporate office. The council includes corporate executives as well as independent representatives.

 

 

 

MLM Weekly News: Covering The International & North America Network Marketing Community

news

This week we have Network Marketing news coming from all over the world, DubLi Network, ACN, AdvoCare, Viridian Energy, The Traveling Vineyard, Ava Anderson Non-Toxic, Essential Bodywear, Stream Energy, Stella & Dot, Mary Kay, MonaVie, Nu Skin, and Shaklee.

Lifetime Sponsors

Beachside CEO
Ocean Avenue

DubLi Network #1 eCommerce Network Marketing Company Worldwide

DubLi Dream Days Dubai – Exclusive Event Package

DubLi Dream Days Dubai was billed as the greatest business event in DubLi history. It not only lived up to this expectation, but far surpassed it! Over 1,000 top leaders from more than 25 countries around the world converged on Atlantis, The Palm in Dubai for this life-changing event. DubLi Founder, President and CEO Michael Hansen opened the meeting by saying, “Whatever your greatest expectations were for this event, they will be far exceeded! You will see systems and technology that you didn’t even know had been invented.”

The meeting featured world-class training, motivation, and information, including a myriad of announcements unparalleled by any other company in business today. Most companies would have built complete events around just one of the announcements that were made; DubLi made more than 20 such declarations! Some of these landmark announcements included… (Read the full story here)

Watch More On DubLi TV

ACN will be hosting its International Training Event in Charlotte, N.C., at the end of September. The company is expecting nearly 20,000 independent business owners to attend. Attendees will receive training and hear from motivational speaker John C. Maxwell. The last two ACN events that have been hosted in Charlotte have been estimated to generate $13.8 million for the local economy.

AdvoCare recently announced it is the new title sponsor for the November NASCAR race at Phoenix International Raceway. The race will be called the AdvoCare 500 and take place on Nov. 11, 2012.

Ava Anderson Non-Toxic has been chosen as the next Spanx Leg Up winner. The direct selling company will be featured on the Spanx website and in the Holiday Spanx consumer catalog.

Essential Bodywear

Essential Bodywear is supporting National Breast Cancer Awareness Month by donating $2 to the Pink Daisy Project for every “Jacqueline” wire-free bra sold in October. The donation will be doubled if the goal of 2,000 bras sold is reached. The Pink Daisy Project is a nonprofit organization dedicated to helping women facing the hardship of breast cancer treatment by providing housecleaning help, gift cards for necessities such as groceries and gas, assistance with prescription drug costs and more.

Mary Kay

The Mary Kay Foundation awarded $3 million in grants to 150 domestic violence shelters in recognition of Domestic Violence Awareness Month, taking place in October. Each shelter received a $20,000 grant to maintain critical services and programs for women and children who are survivors of domestic violence. Through its annual shelter grant program, the foundation has now provided a total of $31 million to domestic violence organizations since 2000.

MonaVie will begin its “Get a VIEW” city tour in October, featuring the new MonaVie VIEW Antioxidant Scanner. There will be more than 30 stops throughout the U.S. and five in Canada.

Nu Skin recently announced plans to triple its number of stores and sales support centers in China by 2017 and expand its direct selling coverage and distribution model to generate higher levels of market penetration.

In additional company news, Nu Skin has been able to expand its charitable work in 2012:

The Nu Skin Force For Good Foundation was able to start work on a new educational center being built in Vanua Leva Island, Fiji, with the help of a new partner, Seacology; open the Nu Hope Library, which was donated to the children of Chungbuk Province in South Korea; and donate a vehicle to The Center for Children’s Mental Healthcare in Japan, which was established to help the children who were affected by the Tohoku earthquake last year.

The Nu Skin Foundation has donated more than $900,000 in grants to charitable projects; has been able to open 10 children’s libraries; helped 77 children receive life-saving heart surgeries; given more than $16,000 for the “Lunch Box Delivery” program, which brought needed meals to children and senior citizens in Korea; and issued 56 scholarships through the ETC scholarship program.

Nu Skin’s “Nourish the Children” initiative was also able to deliver almost 10 million donated meals of “VitaMeal” to some of the countries that need it most, including Russia, South Africa, Malawi, China, the Philippines, Thailand, Guatemala, Haiti, El Salvador and Fiji, as well as to impoverished areas within the United States and Canada.

These charitable works are all made possible through the donations of Nu Skin customers and distributors.

Shaklee

Shaklee recently held its annual convention in Las Vegas with more than 6,000 attendees. Inspired by information provided during a keynote by Dr. Jamie McManus, conference attendees committed to losing a combined total of 72,855 pounds in the 90 days following the convention.

Stella & Dot recently launched a capsule collection of signature jewelry and accessories to celebrate National Breast Cancer Awareness Month. For each piece purchased during the month of October, all net proceeds will benefit the Noreen Fraser Foundation, a nonprofit organization with a mission to raise funds for women’s cancer research and awareness of the importance of early detection.

Stream Energy has been named a finalist for a Platts Global Energy Award. The company is contending for the Corporate Social Responsibility Award in the Stewardship Award category. This is the second year in a row in which Stream Energy is being recognized for its charitable work on behalf of Captain Hope’s Kids, a not-for-profit advocacy organization for homeless children in the North Texas region. Winners of the 2012 Global Energy Awards will be announced at a celebration on Nov. 29, 2012, in New York City.

The Traveling Vineyards

The Traveling Vineyard recently announced the creation of a new federal bonded and licensed winery facility in Buellton, Calif., in the Santa Barbara County wine region. This will be the second winery location for the company.

Viridian Energy

Viridian Energy recently held its third-annual PowerUP! convention in Atlantic City, N.J. Key announcements at this year’s convention included foundational growth plans for Viridian, product expansion, a new business management platform and new training programs.

Source: Direct Selling Association

Breaking MLM Energy News: Stream Energy Announces Upcoming Launch of “Clean Nation” New Clean Energy Program Will Soon Be Available to Consumers Nationwide

Ignite Energy

Ignite Energy

Just got this breaking new end from over the weekend….

DALLAS, Jul 21, 2012 (BUSINESS WIRE) — Stream Energy, the world’s largest network marketer of energy, announced today that in the coming weeks it will roll out a bold new energy initiative to help clean up America through the purchase of Renewable Energy Certificates (RECs).

The announcement came as part of a sold-out event at the Atlantic City Convention Center, in which several thousand attendees gathered to hear Stream Energy chairman Rob Snyder and president Bouncer Schiro discuss the energy retailer’s plans for the remainder of 2012.

“Clean Nation will be available to anyone who wants to promote clean energy, help create income opportunities and develop greater energy independence right here in America,” said Rob Snyder. “Individuals and organizations buy RECs to help reduce the environmental impact of electricity from conventional fossil fuel-based generation, and Clean Nation will take a leading role in that effort.” Other announcements from the weekend event included Stream Energy’s planned expansion of its residential energy service into a sixth state by the end of 2012, as well as the expansion of its natural gas service and commercial service footprint in existing territories.

Stream Energy, an energy provider based in Dallas, provides service to customers in five states. The firm has generated billions in total revenues, and it has been highly esteemed in JD Power and Associates consumer surveys regarding both residential and commercial energy service.

About Stream Energy Since Rob Snyder, Pierre Koshakji and Stream Energy secured a Texas retail electric provider license in early 2005, the privately held company has become the longest-tenured network marketing energy company and one of the fastest-growing companies in American business history. The company expanded from an initial Texas operational base into the Georgia natural gas market in 2008; the Pennsylvania electricity market in 2010; and the Maryland and New Jersey electricity markets in 2011. Stream Energy provides a full-service approach to customer relationships, supported by the firm’s network marketing arm, Ignite. Stream Energy has won Awards of Excellence from the prestigious Platts Global Energy Awards, and Ignite is consistently ranked among the top direct selling companies in the world.

SOURCE: Stream Energy CONTACT: Stream Energy Paul Thies, 214-800-4409 pault@streamenergy.net Copyright Business Wire 2012 -0- KEYWORD: United States

North America

Texas INDUSTRY KEYWORD: Energy

Oil/Gas

Utilities

Communications

Marketing SUBJECT CODE: Product/Service

Stream Energy aka Ignite Energy Media Kit

MLM News Report: Are The MLM Energy Wars Heating Up

MLM Energy Company News: Ten Energy Companies Launch Network Marketing Channels

This week I am covering the top 10 energy companies fighting for the energy bills of over 350 million Americans.

Ignite Energy: Ignite is owned by Stream Energy and is by far the largest energy company in terms of customers and annual revenues.
Ignite Energy

Ambit Energy: Ambit Energy is the largest retail provider to enter into the network marketing arena. In 2010 they were listed in the Inc 500 as the fastest growing in their niche.
Ambit Energy

Viridian Energy: Launched in 2009 and is demonstrating their passion to be the #1 in the world with their aggressive move internationally.

UCI Energy Services: This group of leaders see the full potential of using network marketing to build their customer base. This is one to watch in the near future.

Dynastar Ventures: Now this will surprise a few of you reading this. The Founder/Chairman of Dynastar Ventures is Josh Henderson the founder of Lightyear Wireless. Josh and his team have extensive knowledge in running a direct selling company, and with their purchase of “My Affordable Energy aka Dynastar Energy” they are flexing their marketing and business muscles. I have been watching behind the scenes as Josh formed his team and made ready for the official launch later this year.
Dynastar Energy

Momentis: This company is a little different. Not only is Momentis owned by Just Energy, JE is already international with headquarters in both the U.S. and Canada. Another unique piece of information is the fact “Just Energy” is a subsidiary of the “Just Energy Income Fund.” This may be a first in direct sales. I do not know of any other Energy Company owned by a Mutual Fund!

North American Power: Another very young company which just launched in 2010. However… already they are coming on strong. They market for several different energy providers and truly offer their customers a choice.
North American Power

ACN: Need I say more! ACN by far has the most experience in the energy niche. A decade ago they entered into the arena, just to pull out because the industry was not ready for deregulation. Today they have re-entered into the niche, moving first into Canada, and now looking at several states her in the USA. Without a doubt they have the potential to make some real head way in the fight to the top.
ACN Inc

Ampegy: Has a unique affiliation with Spark Energy of Houston, which could allow them to do some very interesting things in 2011. With leadership who understands the energy niche, and the power (no pun intended) of Spark Energy, this brand new company may become the next Inc 500 story.
Spark Energy

Independent Energy: This company will be the new network marketing arm for Energy Plus. What I found interesting about this move by Energy Plus is they did $250 million last year without a network marketing arm. If you are already making that kind of money, there are far easier ways to grow your business than to launch a direct selling arm. Without a doubt I love our profession, but the amount of money it takes to launch, sustain and grow a network marketing channel with 9 other companies already fighting for the same clients, not counting the BIG GUYS, it kind of nuts.
Energy Plus