The estimated Sales revenue for Vemma in 2011 is $100 Million.
The estimated total combined sales revenue for Vemma in 2005-2011 is $400 – $500 million.
The estimated Sales revenue for Vemma in 2011 is $100 Million.
The estimated total combined sales revenue for Vemma in 2005-2011 is $400 – $500 million.
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One of Herbalife's biggest independent distributors and President’s Team Member Anthony Powell has left Herbalife to join Vemma and he’s exhorting his 16,000 distributors to join him.
Anthony Powell will distribute Verve energy-drink products for Scottsdale, Arizona-based Vemma Nutrition Co., he said in a webcast to his distributors Jan. 6. Spokesmen for Vemma and Herbalife confirmed the move. Powell didn’t respond to messages seeking comment.
“This is going to be the biggest explosion in network marketing history,” Powell, a 22-year Herbalife distributor who is in his early 40s, said on the webcast distributed by Ustream.tv. “This is a big move for all of us.”
Herbalife’s stock has lost nearly half its value since Greenlight Capital Inc.’s David Einhorn questioned the company’s disclosures during a May 1 conference call.
Then in December, hedge fund manager Bill Ackman, head of Pershing Square Capital Management LP, accused Herbalife of operating illegally as a pyramid scheme and urged regulators to take action.