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Relìv Hits Billion Dollar Mark
Avon Products Expects Lower Earnings
Natural Health Trends: Sales Up 182%
VMdirect Reports Revenue Increase
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Relìv Hits Billion Dollar Mark
Relìv International, Inc. (REL -Nasdaq NM), an international
manufacturer and network marketer of nutritional supplements and
other food technology products, announced today that it surpassed a
sales milestone this month-when it recorded a cumulative total of $1 billion
in sales at suggested retail since the company's inception in 1988.
"The billion-dollar mark is a notable achievement," said Robert L.
Montgomery, President and Chief Executive Officer at Relìv. "It proves that
Relìv has the staying power to keep growing after nearly 17 years in business
-and that alone sets us apart from many competitors in the network
marketing industry.
"More importantly," Mr. Montgomery said, "a billion dollars in retail sales
represents substantial progress toward the company's mission of 'Nourishing
Our World.' It means that over the company's history, our products have
provided a year's worth of basic nutrition to nearly 1.4 million people across
the globe."
Mr. Montgomery noted that
Relìv reported net sales of $57.5 million for the
first six months of 2005, a performance that puts the company on track toward
its first-ever $100 million revenue year. "Our continued growth is a tribute both
to Relìv's outstanding line of advanced nutrition products, and to the energy and
enthusiasm of our global network of independent distributors," he said.
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Avon Products Expects
Lower Earnings
Avon Products, Inc. (AVP-NYSE)
announced that it is revising its full-year 2005
earnings forecast downward from previous expectations
of $2.03 to $2.08 per share. The company said that
it now expects full-year earnings, including previously
announced tax benefits of $.18 per share, to be
up low-to-mid single digits compared with prior-year
earnings of $1.77 per share, which included tax
benefits of $.05 per share. Full-year revenues
are expected to increase mid-single digits (up
slightly in local currencies), and full-year operating
profit is anticipated to be flat to down somewhat.
Avon attributed the expected
shortfall to general weakness across each of its
four regions, with continued sales shortfall in
China; slower than expected improvement in Central
and Eastern Europe, including Russia; and deceleration
in Latin America. In addition, the company anticipates
an impact on its U.S. business from Hurricane Katrina and from the
effects of higher fuel costs on its Representatives and their customers.
The company noted that its guidance does not include the cost of any
steps that it might take during the balance of the year to reduce its
enterprise expense base.
As previously announced,
Avon will release its third-quarter results and
host a conference call with senior management on
Friday, October 28, 2005. In addition, Avon will
hold its annual investor conference on Thursday,
November 10, 2005, at which time it will discuss
long-term plans and actions to improve performance.
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VMdirect Reports
Revenue Increase
Las Vegas-based company, VMdirect, reported a dramatic
increase in revenue over the summer months, generally
a slower time for network marketing companies.
Since January 2005, VMdirect, the proprietary
owner of the streaming video service helloWorld, has
witnessed growth over 230 percent. Marketing
Director Rodney James reported the company saw record-breaking months,
each month, from May to August. This yielded a 38 percent increase
between first and second quarter and James projects a 97 percent
increase from second to third quarter, despite possible economic
affects from Hurricane Katrina.
Customers around the world are using
the company's products in their
businesses and personal lives and March's launch of VMdirect's Version 4
streaming video products has fueled the company's rapid expansion. VMdirect also
attributes its growth to helloWorld's simplicity, the right timing in the
marketplace, a rich compensation plan and its highly responsive technical support.
VMdirect President and Founder Amy Black stated
the products' ease of use
coupled with the growing trend toward video in online communications is
driving consumer interest, while the attractive compensation plan and 24-hour
technical support is garnering tremendous buzz in the network-marketing and
technological industries.
"Network marketers are always communicating," Black
said. "Our growth,
during what is usually a downtime for network marketing companies,
is a testament that we are meeting consumer demand for easy-to-use
streaming video products and our rich compensation plan is exceeding
the expectations of network marketers worldwide."
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