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February 01, 2013

News in Brief

News in Brief, February 2013

Amway Partners with Free The Children

Amway, one of the world’s largest direct selling companies, and Free The Children, an international charity and educational partner, announced a new partnership that will bring Free The Children’s signature youth empowerment event, We Day, into the United States for the first time.

Amway North America will serve as co-title sponsor, along with Microsoft, of We Day Seattle, at Key Arena on March 27, featuring former president of the Soviet Union Mikhail Gorbachev, among many others. Reaching hundreds of thousands of youth through inspirational events and a yearlong service program, We Day has previously been held annually only in Canada.

Founded in 1995 by 12-year-old child-rights activist Craig Kielburger, Free The Children believes in a world where all young people are free to achieve their fullest potential as agents of change.

We Day is a stadium-sized educational event, free for students and teachers to attend. Students must earn their way in through service by taking one local and one global action to better the world through a yearlong program called We Act.

Founded in 1959 by entrepreneurs Rich DeVos and Jay Van Andel, and based in Ada, Mich., Amway offers consumer products and business opportunities through a network of more than 3 million distributors in more than 100 countries and territories worldwide.

USANA True Health Foundation Exceeds Expectations

Since the inception of the USANA True Health Foundation in March 2012, USANA Health Sciences Inc., its employees, its associates and friends of the company have raised more than $3 million in monetary and Usanimals™ children’s supplement donations during last year.

According to USANA True Health Foundation President Elaine Pace, the nonprofit organization surpassed its donation goal for 2012, with expectations to exceed goals for this year as well.

The USANA True Health Foundation has three categories to which anyone can donate—Area of Greatest Need: Immediate Help, Children’s Hunger Fund and Sanoviv Medical Assistance.

The Children’s Hunger Fund, whose mission is to improve the lives of poor children and their families, received $2.3 million in monies and vitamins from the foundation.

The USANA True Health Foundation’s primary partner for disaster relief, considered an Area of Greatest Need, is International Relief Teams (IRT). IRT is vigilant in choosing appropriate responses to emergency situations so resources can be effectively leveraged. The foundation has donated $90,000 to relief efforts through IRT.

Founded in 1992, USANA Health Sciences is a nutritional company that manufactures high-quality supplements and personal care, energy and weight-management products in their FDA-registered facility in Salt Lake City. USANA’s products are sold directly to preferred customers and associates in 18 international markets.

ViSalus Co-Founder Donates $1 Million to Support Entrepreneurship

Nick Sarnicola, Co-Founder and Global Ambassador of ViSalus™, has pledged $1 million to the Sarnicola Foundation to support young, aspiring entrepreneurs.

Sarnicola grew up in a blue-collar, middle-class family in Grand Rapids, Mich., and was exposed to entrepreneurship at a young age. While building a national salesforce for a telecommunications company, Sarnicola found his calling to inspire young adults to follow the path of entrepreneurship.

After co-founding ViSalus with Ryan Blair and Blake Mallen, Sarnicola’s passion for encouraging this career path carried over, and he created the Sarnicola Foundation in 2011 with his wife, Ashley Sarnicola. The mission of the foundation is to foster entrepreneurship by providing mentorship, scholarships and funding to young aspiring entrepreneurs.

Founded in 2005 with headquarters in Los Angeles and Troy, Mich., ViSalus is the company behind the Body by Vi™ Challenge, a 90-day health transformation platform. ViSalus™ is majority owned by Blyth Inc.

Best’s Review Names Primerica Among Its Top 10 Innovators

Primerica has announced that its TermNow life insurance product garnered national attention for its innovative underwriting design. In the January 2013 issue of Best’s Review, a monthly insurance news magazine, Primerica was listed as one of the top 10 innovators in its “Innovation Showcase.”

According to the publication, the 10 innovations were selected based on their impact on that individual company, and in some instances, the insurance industry as a whole. Though from a wide range of segments, they all showed “measurable success” and improved performance for the business.

Robert Stein, retired Vice Chairman of Global Financial Services for Ernst & Young and a director of Assurant Inc., singled out three innovations, in particular, including Primerica’s TermNow, as “the type of breakthrough the life insurance industry needs to make significant inroads in the middle market.”

Primerica Inc., headquartered in Duluth, Ga., is a distributor of financial products to middle-income families in North America. In addition, Primerica provides an entrepreneurial full- or part-time business opportunity for individuals seeking to earn income by distributing the company’s financial products.

Inc. Magazine Honors Scentsy with “Hire Power” Award

Inc. magazine has named Scentsy Inc. to a prestigious list of employers credited with creating the most jobs in the United States over a three-year period. The magazine’s December issue ranked Scentsy No. 20 on the inaugural “Inc. Hire Power Awards” list for creating 699 full-time jobs from 2008 to 2011. In addition, Scentsy ranked No. 1 in job creation among consumer products and services companies and was the largest job creator in Idaho.

Inc. compiled the list of 100 privately held, U.S.-based companies, which it called “the real heroes of the American economy for rebuilding lives and putting Americans back to work.” Scentsy is among the 10 largest companies on the list with 2011 revenues exceeding $500 million.

Scentsy Inc. is an international party-plan company headquartered in Meridian, Idaho, and dedicated to creating a social shopping experience that gives consultants and customers variety, value and a level of personalization they can’t find anywhere else. Scentsy Family owns the fragrance brand Scentsy; the fondue brand, Velata; and the fashion brand, Grace Adele.

Herbalife Increases U.S. Manufacturing Capacity

Herbalife Ltd., a global nutrition company, announced that it entered into a definitive agreement to purchase a manufacturing facility in Winston Salem, N.C. This purchase further expands Herbalife’s global manufacturing capacity and is in line with the company’s stated strategy to increase self-manufacturing for its products.

The agreement is based upon a cash purchase of $22.2 million and includes incentives from Winston Salem, Forsyth County and the state of North Carolina. The receipt of these incentives, coupled with an existing manufacturing facility and the availability of labor force in the Triad region, were key criteria that the company considered upon selecting this location above other cities in the Southeast.

In addition to the building purchase, Herbalife plans to invest in excess of $100 million on machinery and technology, as well as a complete retro-fitting of the existing facility to ensure it is in full compliance with U.S. Good Manufacturing Practices for dietary supplements and food products. The facility will employ approximately 500 new positions when it reaches full production, and it will manufacture Herbalife’s nutritional powders and liquids for the North American and other markets around the world.

Herbalife Ltd. sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 80 countries to and through a network of independent distributors.

LifeVantage Expands Global Operations

LifeVantage Corp., a science-based nutraceutical company and maker of the patented dietary supplement Protandim®, the Nrf2 Synergizer®, announced that it has expanded its operations to Hong Kong.

LifeVantage’s expansion into Hong Kong is a natural outgrowth of the company’s global plan to grow its market presence in countries where its healthy living message resonates. Hong Kong is also one of the world’s recognized financial centers, with a history of entrepreneurship, innovation and capitalism.

LifeVantage is officially conducting business in this market by enrolling independent distributors and by shipping product. David Toda, President and Managing Director of Asia Pacific, will oversee the day-to-day operations of LifeVantage in Hong Kong.

LifeVantage is a leader in Nrf2 science and sells anti-aging products to reduce oxidative stress at the cellular level. The company was founded in 2003 and is headquartered in Salt Lake City.

Tastefully Simple Founder Starts New Company

Jill Blashack Strahan, Founder of Tastefully Simple, has started a new company, Inspirada Dreams, which takes members and visitors on a unique online journey through personal development and inspiration.

Inspirada Dreams offers members the opportunity to “reflect on where you are in life, imagine new possibilities and create your action plans.” The experience is designed to enhance lives, providing how-to information on goal-setting, accountability and opportunities for self-reflection through Dream Escapes. Products and gifts are also available. Strahan started the program within Tastefully Simple in another format previously to help leaders achieve work-life balance, and it is now accessible to the public online.

Membership includes access to the Dream Online self-discovery and goal-setting tool; customized, printable Dream Illustrations™; confidential and secure storage of personal information; action plan reminders via text or e-mail; participation in the community; and special sales/promotions in Shop Inspirada.

Founded in 1995, Tastefully Simple offers over 60 easy-to-prepare gourmet foods and gifts. Products are available primarily at home taste-testing parties through consultants who offer samples, recipes, entertaining tips and more across the United States.