How Effective Are the Multivitamins You Take?
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Usana Health Sciences Inc
Usana Health Sciences Inc. Watchdog Report ™ USNA (NYSE) | CIK:896264 | United States | SEC llings The new model for duciary analysis Sep 17, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 11, 2021 for period ending Jul 2021 Business address: Salt Lake City, Utah, United States Reporting Irregularities RECENT HISTORICAL Industry: Medicinal and Botanical Manufacturing (NAICS 325411) Financial Restatements SEC ler status: Large Accelerated Filer as of Jul 2021 Index member: S&P 600, Russell 2000 Revisions Market Cap: $1.75b as of Sep 16, 2021 Out of Period Adjustments Annual revenue: $1.13b as of Jan 2, 2021 Late Filings Corporate Governance Impairments CEO: Kevin G. Guest since 2016 Changes in Accounting Estimates CFO: G Douglas Hekking since 2017 Disclosure Controls 1st level Internal Controls Board Chairman: Kevin G. Guest since 2020 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: KPMG LLP since 2013 Benford's Law Outside Counsel (most recent): Wilson Sonsini Goodrich & Rosati Parsons Behle & Latimer Beneish M-Score 3rd level Accounting Disclosure Complexity SEC Reviewer: (unknown) Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight SEC Letters to Management Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. -
Chapter 7: MLM's Abysmal Numbers
7-1 The Case (for and) against Multi-level Marketing By Jon M. Taylor, MBA, Ph.D., Consumer Awareness Institute Chapter 7: MLM’s ABYSMAL NUMBERS Chapter summary a large enough downline to meet expenses, and therefore do not profit. Is MLM a profitable business These conclusions were confirmed in the opportunity? And if so, for whom? Just do the average earnings reports of all 30 MLMs for math – the numbers don't lie. In this and which we were able to obtain data published preceding chapters, you will find the most by the companies themselves. Such statistics rigorous and thorough analysis of MLM are invaluable for analysts to debunk the profitability ever done by an independent many misrepresentations that are told to research firm. Questions about the viability thousands of prospects every day. and profitability of MLM as a business model Failure and loss rates for MLMs are not and its many company manifestations are comparable with legitimate small answered in this and prior chapters – based businesses, which have been found to be on 15 years’ research, worldwide feedback, profitable for 39% over the lifetime of the and analysis of the compensation plans of business; whereas less than 1% of MLM over 350 of the leading MLMs, as well as participants profit. MLM makes even average earnings data, where available. The gambling look like a safe bet in comparison. answers are not pretty. MLM stocks are questionable Our studies, along with those done by investments at best. And like gambling, other independent analysts (not connected to losses from MLM participation should not be the MLM industry), clearly prove that MLM as a allowed as a tax deduction – beyond the business model – with its endless chain of amount of actual income. -
Companies-Titles of Registrants
Direct Selling Companies Registered for the 2009 Communications & Internet Marketing Seminar As of 10/19/2009 4Life Research, LC LifeWave, LLC 5LINX Enterprises, Inc. Livinity, Inc. ACN, Inc. Mannatech, Inc. Aerus LLC (formerly Electrolux LLC) Nature's Sunshine Products, Inc. Aloette Cosmetics Nu Skin Enterprises Amazon Herb Company Oxyfresh.com Amway The Pampered Chef Arbonne International PartyLite Gifts, Inc. Avon Products, Inc. Premier Designs, Inc. Celebrating Home Princess House, Inc. Conklin Company, Inc. Regal Ware, Inc. Cookie Lee, Inc. Reliv International, Inc. Creative Memories Rena Ware International, Inc. CUTCO/Vector Marketing Corporation Saladmaster, Inc. (Regal Ware, Inc.) Demarle At Home, Inc. Scentsy, Inc. Discovery Toys, Inc. Sensaria Natural Bodycare, Inc. Dove Chocolate Discoveries Shaklee Corporation Earth's Elements Signature HomeStyles Entertaining at Home Silpada Designs Essential Bodywear Simplexity Health For Every Home The Southwestern Company Fortune Hi Tech Marketing Sozo Global, LLC FreeLife International Stampin' Up! FreedomRocks Sunrider International Gold Canyon SwissJust Herbalife International of America, Inc. Symmetry Corporation HomeTec Syntec, Inc. Isagenix International Take Shape for Life, Inc.-Medifast Jafra Cosmetics International, Inc. Team National Kangevity Global Thrivent Financial at Home The Kirby Company Touchstone Crystal, Inc. L'Bel Paris USANA Health Sciences, Inc. L'Bri Pure N' Natural Vantel Pearls in the Oyster Lia Sophia XanGo LLC Who’s Attending? Following is a sampling of the titles of direct selling executives registered for the meeting. Brand Manager Policy Compliance Supervisor CEO PR Strategist Chief Marketing Officer President Communications Coordinator Representative Services Communications Spanish Specialist Sales Support Specialist Copywriter Senior Corporate Communications Manager Creative Director Senior Manager of Design Direction Director of Public Relations/Social Media Senior Sales Support Specialist Director of Sales & Marketing Senior Writer Director, Information Systems Sr. -
Nature's Sunshine Products Inc
Nature's Sunshine Products Inc. Watchdog Report ™ NATR (NASDAQ Capital) | CIK:275053 | United States | SEC llings The new model for duciary analysis Oct 1, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 5, 2021 for period ending Jun 2021 Business address: Lehi, Utah, United States Reporting Irregularities RECENT HISTORICAL Industry: Pharmaceutical Preparation Manufacturing (NAICS 325412) Financial Restatements SEC ler status: Accelerated Filer as of Jun 2021 Index member: Russell 2000 Revisions Market Cap: $292m as of Sep 30, 2021 Out of Period Adjustments Annual revenue: $385m as of Dec 31, 2020 Late Filings Corporate Governance Impairments CEO: Terrence Moorehead since 2018 Changes in Accounting Estimates CFO: Joseph W. Baty since 2016 Disclosure Controls 1st level Internal Controls Board Chairman: J. C. Teets since 2019 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: Deloitte & Touche LLP since 2007 Benford's Law Outside Counsel (most recent): Dorsey & Whitney LLP 3rd level Beneish M-Score Accounting Disclosure Complexity SEC Reviewer: Suzanne Hayes 4th level Securities & Exchange Commission Concerns RECENT HISTORICAL SEC Oversight SEC Letters to Management Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. -
Program of Events
D IRECT S ELLING A SSOCIATION Program of Events June 9-11, 2013 | Phoenix | http://annualmeeting.dsa.org Saturday, June 8 9:00 a.m. – 10:30 a.m. DSEF Executive Committee Meeting Desert Suite II 10:30 a.m. – Noon DSEF Joint Communications & Development Desert Suite I LANCE Committee Meeting 11:00 a.m. – 1:00 p.m. DSA Executive Committee Meeting Desert Suite VII G Noon – 7:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer A 1:00 p.m. – 3:00 p.m. DSA Board of Directors Meeting Grand Sonoran Ballroom F 1:00 p.m. – 6:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom 3:30 p.m. – 5:30 p.m. DSEF Board of Directors Meeting Grand Sonoran Ballroom F AT 6:00 p.m. – 7:00 p.m. DSA Supplier Reception Grand Sonoran Ballroom A-B 7:00 p.m. – 8:00 p.m. DSA/DSEF Board of Directors Reception Wildflower Salon A 8:00 p.m. – 10:00 p.m. DSA/DSEF Board of Directors Dinner Wildflower Salon B&C Sunday, June 9 7:00 a.m. – Noon DSEF Golf Tournament Wildfire Golf Club 8:00 a.m. – 1:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom CHEDULE 8:00 a.m. – 9:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer S Noon – 9:00 p.m. Cyber Café Open Grand Canyon Ballroom Foyer 12:30 p.m. – 3:00 p.m. WFDSA Board of Directors Meeting Desert Suite IV 1:00 p.m. – 3:00 p.m. -
1.0 Introduction from 21Th to 24Th June, I Have Gone to USA and Spent
1.0 Introduction From 21th to 24th June, I have gone to USA and spent a week at the country for discussing our future collaborations with suppliers of health supplements. Two largest suppliers were chosen and compared. They are USANA Corporation and Shaklee Corporation. This business trip has two objectives: 1) To gather information about USANA Incorporated and Shaklee Corporation. 2) To examine products from these corporation. To gather information about Shaklee Corporation, I spent the first three days in California; a state which harbors Shaklee’s Headquarters. We managed to held meeting and site visit to Shaklee’s lab. On forth day and upward, I travelled to West Valley City, Utah to meet executives at USANA headquarters. However, we can’t discuss much as only short meeting in Salt Lake City were held. 2.0 Trip to Shaklee Corporation (21th to 22th June 2011) On the first day of my trip (21th June 2011) to Shaklee Corporation, a meeting was held in the Shaklee’s headquarters in Pleasanton, California. The objectives of this meeting are: 1) To discuss business opportunities with Shaklee. 2) To keep good relationship with Shaklee Corporation for future business opportunities. During the meeting, I managed to meet CEO or Chairman of Board of Shaklee Corporation, Roger Barnett and Shaklee International’s President, Bradford Richardson. However, I did not have the opportunity to discuss business matter with them as they have to attend another program. Therefore, the discussion was lead by Chief Marketing Officer, Mr. Brad Harrington. Surprisingly, other executive from management team also participated in this meeting such as Cindy Latham, The Senior Vice President (Marketing) and Laura Hughes, Senior Vice President (Sales and Field Development). -
2018 ANNUAL REPORT About Us Giving Back How We Do It
2018 ANNUAL REPORT About Us Giving Back How We Do It The USANA True Health We take USANA’s vision of USANA manufactures world- Foundation was created by creating the healthiest family on class nutritional products, and USANA Health Sciences, Inc.—a earth to heart. Proper food and Associates sell USANA’s products global nutrition company based good nutrition are the building through a process called direct in Salt Lake City, Utah. As the blocks for a healthy life. That is selling. This unique business corporate charitable foundation our mission—to provide food and opportunity gives our Associates of USANA, we are dedicated nutrition to impoverished children the freedom to grow their own to building a community of and families, ensuring they can business, their way. And because employees, Associates, and reach their fullest potential. our family of Associates truly customers who can make a lasting cares about living a healthy difference in the lives of children lifestyle, they seek to share that and families worldwide. health with others by donating to our Foundation and by giving back in their own communities. Thanks to our generous Associates and USANA employees, we are able to feed so many families. Our mission—to provide food and nutrition to impoverished children and families, ensuring they can reach their fullest potential. USANAFoundation.org | 3 Over 300,000 $1 Donated = Meals Assembled at 100 Percent 4 Nutritious Meals International Convention All administrative and fundraising costs are covered In 2018, the USANA True Health Foundation raised Once again, the USANA True Health Foundation by USANA. Every dollar the USANA True Health US $2,330,588 to assist hundreds of thousands hosted a successful FoodPak drive at International Foundation receives goes to charitable purposes. -
Services Include: 1) Back-Of-The-Book Indexing in Which An
HOME-BASED BUSINESS CLASSES Abstracting and Indexing Service: Services include: 1) back-of-the-book indexing in which an index of key words and subjects are created as the last step prior to printing a book; 2) Computer-database indexing in which journal articles are read and the information condensed into a format (short sentences or key words) for inclusion in databases; 3) corporate abstracting in which market or trade information and/or books are read and information pertaining to the business is abstracted into concise summaries. Not Eligible for Professional Coverage Accounting Service: Accountants classify and analyze data and documents of financial transactions in order to prepare financial statements and tax forms. They may also audit books, suggest cost control measures, do analysis work and counsel management on alternative methods of operation. Individuals must not have access to their client’s funds. Actuarial consultants are not eligible under this class. Not Eligible for Professional Coverage. Adjuster (Public or Independent Claim Adjuster): An adjuster will examine, investigate, analyze and adjust the loss claims presented to insurance companies by their insureds. Investigations consist of gathering evidence and collecting witness statements or depositions. Independent adjusters may handle claims for all insurance lines and are often hired by companies to handle claims in an area where they do not have enough business to open a branch of staff adjusters. Public adjusters are independent contractors hired by insureds consisting of businesses, homeowners and government agencies. Public adjusters handle fire losses and losses stemming from windstorms, explosions, or business interruption. In addition, they help clients complete claims forms and maximize insurance recovery following a loss. -
Custom Direct Seller Membership Directory Created 12/23/2015
Custom Direct Seller Membership Directory Created 12/23/2015 Copyright 1996-2007 Direct Selling Association 1667 K Street, NW, Suite 1100 Washington, DC 20006-1660 Phone: 202.452.8866 | Fax: 202.452.9010 Direct Selling Association Custom Membership Directory (12/23/2015) Page 2 4Life Research, LLC Address: 9850 South 300 West Sandy, UT 84070-3262 Phone: 801-562-3600 Fax: 801-562-3695 Email: [email protected] Website: www.4life.com Products / Nutritional Supplements Services: Company 4Life Research is dedicated to building people through science, success Description: and service. David Lisonbee, Founder and CEO, launched 4Life with his wife and Co-Founder Bianca Lisonbee in 1998. Over the last decade, 4Life has established itself as the world leader in the development, production, and distribution of Transfer Factor immune support products. 4Life's Life Rewards compensation plan stands out as one of the most lucrative in the industry. By combining multiple exclusivity patents, historical scientific discoveries, and a commitment to distributors around the world, 4Life continues to post unprecedented growth. In 2003, 4Life was listed as the 15th fastest-growing, privately-held company in the US by Inc. Magazine. In 2006, Lisonbee was awarded the prestigious I.N. Blokhina Award for "excellence in the field of immune sciences." Recently, the Federal Anti-Doping Center in Moscow, Russia, admitted 4Life Transfer Factor for use by Olympians in practice, training, and competition. Sales Strategy: Person-to-Person Countries of United States, Australia, Colombia, Hong Kong, Japan, Malaysia, Operation: Mexico, New Zealand, Panama, Philippines, Russian Federation, Singapore, South Korea, Taiwan, Thailand, United Kingdom Brands: 4Life Transfer Factor Publicly Traded: No Year Established: 1998 Year Direct Selling 1998 Began: Type: Direct Selling Member Member Since: 05-13-2003 Designated Contacts Primary Contact: Kathryn Olson Insurance: Mark Ostler CEO (Chief Steven D. -
Nu Skin Faces Pyramid-Scheme Allegations in China
Center for Ethical Organizational Cultures Auburn University http://harbert.auburn.edu Nu Skin Faces Pyramid-Scheme Allegations in China INTRODUCTION Nu Skin Enterprises, Inc. has come far in its nearly 30-year history. Founded in Provo, Utah, in the United States, the company is based upon a multilevel marketing direct-selling model that employs independent contractors to sell personal care products and dietary supplements. The firm has gone on to become the seventh largest direct seller in the world, with 2013 revenue of over $4 billion. It has paid out more than $10 billion in commissions and sales incentives. Nu Skin has been recognized throughout the years for its innovative products and social responsibility initiatives, but it h as also faced some ethical and legal challenges. Today Nu Skin has a widespread global reach, operating in 53 international markets on five continents. In particular, China has become a lucrative market for Nu Skin’s direct-selling operations. Nu Skin’s Chinese sales force consists of more than 400,000 sales representatives and sales in China account for approximately 30 percent of Nu Skin’s revenue. Nu Skin has performed so well in China and other countries that CEO M. Truman Hunt has announced the company’s intention to increase its revenues to $10 billion by 2020. China is a critical market for reaching this goal. Despite Nu Skin’s rapid growth and success, allegations arose in China that could prove challenging to the company’s sales objectives in that country. Chinese newspapers accused Nu Skin sales representatives of operating an illegal pyramid scheme in China, an accusation that Nu Skin vehemently denied. -
A CEO Focused and Led Discussion
A CEO Focused and Led Discussion JANUARY 8–10, 2020 Industry Leadership AGENDA Retreat Wednesday, January 8 6:00 – 9:00 p.m. Welcome Dinner Enjoy a relaxing dinner with fellow retreat participants and spouses. We’ll do quick introductions over dinner to help everyone get to know each other before the program begins tomorrow morning. Thursday, January 9 8:00 – 9:00 a.m. Bu et Breakfast Fuel up so you’ll be energized to participate in our content- rich program. 9:00 – 10:15 a.m. KPI Best Practices—What’s Working CEOs will engage in a rapid-fi re conversation to share your best examples of the past year for a KPI that increased activity, productivity, e ciency or sponsoring. Share what actions were put into place and why these actions contributed to your success as a company and chief executive. We’ll want to know things that worked and the things that you won’t be doing again. What will you continue to do to have impact moving forward? Bring examples and supporting documents to share to help us gain as much as possible from your success and we’ll do the same on our initiatives. Cindy Monroe, Founder and Chief Executive O cer, Thirty-One Gifts 10:15 – 11:15 a.m. Regulation and the Future of the Direct Selling Business Model We will explore your perceptions of the current regulatory climate, with a particular emphasis on the U.S. Federal Trade Commission. How will the current regulatory environment a ect your ability to compete with other channels and the gig economy phenomenon? Deborah Ashford, General Counsel, DSA and DSEF, Hogan, Lovells US LLP 11:15 a.m. -
Venus Flytrap Conservation
HerbalGram 114 • May – July 2017 114 • May HerbalGram Modern TCM in Hong Kong • Remembering Fredi Kronenberg • Curcumin Medicinal Chemistry Rose Aroma & Pain Reduction • Garlic & Blood Pressure • Psilocybin & Patients with Cancer Nigella Profile • Venus Flytrap Conservation • Psilocybin & Patients with Cancer • Curcumin Medicinal Chemistry • Modern TCM in Hong Kong • Remembering Fredi Kronenberg in Hong Kong • Remembering Fredi MedicinalTCM Chemistry • Curcumin • Modern with Cancer Conservation & Patients • Psilocybin Flytrap Venus • Nigella Profile The Journal of the American Botanical Council Number 114 | May — July 2017 www.herbalgram.org Venus Flytrap Conservation Nigella Profile US/CAN $6.95 Join more than 190 responsible companies, laboratories, nonprofits, trade associations, media outlets, and others in the international herb and natural products/natural medicine community. Become a valued underwriter of the ABC-AHP-NCNPR Botanical Adulterants Program, a multi-year, supply chain integrity program providing education about accidental and intentional adulteration of botanical materials and extracts on an international scale. For more details on joining the program, and access to the free publications produced to date, please see www.botanical adulterants.org or contact Denise Meikel at [email protected]. Underwriters, Endorsers, and Supporters of the ABC-AHP-NCNPR Botanical Adulterants Program* As of May 9, 2017 Financial Underwriters Products, Inc. Australian Self Medication Southwest College of 21st Century Healthcare /Bioclinic Naturals Industry (Australia) Naturopathic Medicine The forces that shaped the southern Oregon landscape endowed it with lofty mountains, AdvoCare International L.P. Natural Grocers by Vitamin Australian Tea Tree Industry University of Bridgeport College Agilent Technologies, Inc. Cottage Association (Australia) of Naturopathic Medicine sheltered valleys and crystal clear rivers.