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Todd Falcone's candid, in-your-face approach to teaching success principles has captured the attention of thousands of distributors worldwide. Todd is considered one of the hottest rising superstars in the training and developmental arena of Network Marketing.

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Mannatech in the News: CEO Sam Caster resigns…

Author Todd Falcone | 22.08.2007 | Category Breaking MLM News

In the news today: Mannatech.

Mannatech is a highly successful network marketing company that has been in business for several years.

Recent news as of this morning. Their CEO Sam Caster resigned.

Here’s some details directly from Yahoo News:

Current President & COO Terry Persinger Named Interim CEO While Board Conducts Formal Search

COPPELL, Texas–(BUSINESS WIRE)–Mannatech, Inc. (Nasdaq:MTEX - News) announced today that Samuel L. Caster has resigned as Chief Executive Officer of the company, effective immediately. Mr. Caster will now serve as non-executive Chairman of the Board. His changing role at Mannatech will allow him to step back from operating responsibilities to focus his efforts on working with field sales leaders to transition to Mannatech’s new global wellness sales program.

For all the details on this, go to:
http://biz.yahoo.com/bw/070821/20070821006116.html?.v=1

Also…here’s some other very recent news around Mannatech’s largest distributor Ray Gebauer. He was terminated.

From the court documents, Gebauer operated a network of 718,000 associates and customers. Gebauer currently is being held in prison awaiting sentencing in November and faces a 20 year prison term.

Just keepin’ y’all in the loop.

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Network Marketing Passion Parties Popular for Bachelorettes

Author Ty Tribble | 03.08.2007 | Category Breaking MLM News

Network Marketing women are seeing success in the industry by throwing parties. I imagine the football and beer companies can’t be far behind so that men can get in on the MLM party plan.

lc sun:

Jewelry is not the only item featured at home parties. People host parties to sell products such as make-up, candles, cooking utensils and even adult toys.

In fact, Passion Parties seem to be gaining popularity for home events such as bachelorette parties. Instead of purchasing gifts for the bride-to-be before the girls’ get-together, a representative brings products to the party for them to purchase for the bride.

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Avon Makes Reese Witherspoon It’s Global Ambassador

Author Ty Tribble | 02.08.2007 | Category Breaking MLM News

“We are thrilled to welcome Reese as our Global Ambassador and believe she will give a strong voice to the company’s commitment to empowering women.

- Andrea Jung, Chairman and Chief Executive Officer of Avon Products, Inc.

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USANA Buying Back Shares on Good Sales Figures

Author Ty Tribble | 31.07.2007 | Category Breaking MLM News

Reuters:

USANA Health Sciences Inc. (USNA.O: Quote, Profile, Research) said its board had approved an additional $50 million for repurchases of its outstanding common stock.

This authorization would be in addition to the $6.8 million currently remaining in its share repurchase plan, the maker of nutritional, personal care and weight management products said in a statement. (Reporting by Sharangdhar Limaye in Bangalore)

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Herbalife and David Beckham Make Sports Illustrated Cover

Author Todd Falcone | 12.07.2007 | Category Breaking MLM News

It’s not everyday that a Network Marketing company graces the cover of a major magazine. In fact, outside of the “work at home” type magazines that are basically advertorial in nature, I can’t think of one.

Of course that changed when David Beckham, sporting an Herbalife - L.A. Galaxy jersey graced the cover of the most recent Sports Illustrated.

Herbalife made a very smart move in sponsoring the L.A. Galaxy, especially after they signed U.K. soccer phenom David Beckham.

David Beckham’s L.A. Galaxy jersey will likely be the number one selling jersey in American soccer and every single one of them will have Herbalife splashed across the front.

According the MLM Blog, Herbalife signed a 5 year deal worth $3.5 to $5 million with the L.A. Galaxy. The Herbalife deal follows a similar deal that Xango signed with Real Salt Lake.

It might be time to wake up your brother-in-law. Network Marketing is hitting the mainstream. The industry is no longer blue collar - broke people trying to make a buck and this type of news really goes a long way towards properly branding the image of Network Marketing. Special thanks to MLM phenom, Art Jonak for pointing out the cover.

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YTB Ranked Among Top Travel Agencies

Author Todd Falcone | 11.07.2007 | Category Breaking MLM News

I just read the following news about YTB. It’s great to see a Network Marketing travel company ranked with Expedia, Travelocity and Orbitz.

PR:

YTB International, Inc. , a provider of Internet-based travel booking services for travel agencies and home-based independent representatives in the United States, today announced that the Company has been named as one of the country’s leading travel agencies in Travel Weekly’s 2007 Power List. As part of the Power List, YTB was ranked 35th among all travel agencies and included in the top 11 leisure travel agencies.

The Power List is primarily determined by gross sales volume, as well as several other factors including travel-related subsidiaries, percentage of sales from business and corporate structure. Other leading leisure travel agencies named in this year’s Power List are Expedia, Travelocity, Orbitz and AAA.

“We are honored to be included in Travel Weekly’s annual list of leading travel agencies. This recognition further validates the progress we have made over the last year as we continue to build YTB into a leading travel company,” commented J. Kim Sorensen, President and CEO of YTB Travel Network. “We are committed to the leisure market and have been growing our business at a phenomenal rate. As we look towards the future, we will continue to enhance the services and capabilities offered to our expanding network of RTAs and customers.”

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Billionaire Investors and Endorsers of Network Marketing

Author Todd Falcone | 10.07.2007 | Category Breaking MLM News

I had a new Network Marketing associate send me an email about being “drilled” by her family over the 4th of July for getting involved in a pyramid. She asked me how I handle the “pyramid” question.

The answer is, I don’t handle the question. Network Marketing is not a pyramid. (Period!) Pyramids are illegal, Network Marketing is not. It’s really that simple.

The pyramid question got me to thinking about the Billionaires that are involved in some form of Network Marketing, either as an investor or an endorser.

Warren Buffet - The 2nd richest man in the world, famous as the man behind Berkshire Hathaway, also owns The Pampered Chef, a Network Marketing company that sells branded kitchenware. Here is what Warren Buffet said about the company:

“We are extremely excited by The Pampered Chef. Doris Christopher has created from scratch an absolutely wonderful business and Sheila O’Connell Cooper is exactly the type of manager Berkshire admires. They both clearly love the business and the people they work with. We are delighted to add The Pampered Chef to the family of Berkshire businesses.”

Yes, you read that right. Warren Buffet is “extremely excited” about a Network Marketing company. The same type of company that your brother-in-law thinks is a pyramid scheme.

Richard Branson - Reportedly worth over $7 Billion and best known for his Virgin brand that includes over 300 companies. One of those companies is Virgin Vie At Home, a Network Marketing company specializing in cosmetics and jewelery.

The company is a proud direct seller of a quality product line.

Donald Trump - “The Donald” is reportedly worth $2.5 Billion. Known as a global real estate mogul and Executive Producer/Host of The Apprentice TV show, Trump had the following to say about ACN, a Network Marketing, Telecom company:

“ACN is a great company.”

In addition to controlling a huge amount of wealth, Buffet, Trump and Branson have something else in common…Network Marketing. You might want to think about these Billionaires, the next time someone gives you a pyramid question.

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Mannatech Stock Drops 22% on Texas AG News

Author Ty Tribble | 09.07.2007 | Category Breaking MLM News

Mannatech stock closed down $3.75 (a loss of 22%) on news that the company was being sued by the Texas Attorney General.

Mannatech released the following statement:

“We are aware of the situation and will be taking appropriate action to address any issues or concerns from the Texas Attorney General’s office,”

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Quixtar Changing Name Back to Amway

Author Ty Tribble | 27.06.2007 | Category Breaking MLM News

Quixtar will be changing it’s name back to Amway in the next 18 to 24 months. The change is getting mixed reviews from current Quixtar IBOs and Diamond level leaders.

According to one report, Orrin Woodward’s TEAM, a Quixtar training and motivation system with (reportedly) tens of thousands of members, will leave the company if the change becomes official.

Other IBOs seem to be embracing the change, welcoming back the “American Way” concept and traditions of the founders, Rich DeVos and Jay Van Andel.

One source is telling me that Rich DeVos, who retired from Amway several years ago, has his hand all over the decision.

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