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Herbalife Comments on Pershing Square-Sponsored Advertisement
Applauds Connie Chung's Decision to Withdraw from Event
We applaud Connie Chung's decision to withdraw from this spectacle. We believe the decision of an independent journalist to withdraw shows Mr. Ackman's event for what it is: misleading propaganda designed to help achieve his ultimate goal of enriching himself by driving down Herbalife's stock.
As for the event's new moderator,
Since 2008, approximately 1.6 million new members have joined
The ‘Gold Standard' consumer protection rules that
- no minimum purchase requirements and no requirement to purchase any sales or business tools to start up or succeed;
- low start-up costs and 100% 90-day money back guarantee for cost of start-up pack;
- 100% money-back guarantee, plus shipping costs, for all unsold products purchased within prior 12 months; and
- clear, accurate and timely disclosures regarding potential income-generating opportunities in the Statement of Average Gross Compensation, which can be found here.
In addition,
The company has recently unveiled iamherbalife.com
to highlight, in their own words, the positive impact
About
FORWARD-LOOKING STATEMENTS
Although we believe that the expectations reflected in any of our
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed in any of our forward-looking
statements. Our future financial condition and results of operations, as
well as any forward-looking statements, are subject to change and to
inherent risks and uncertainties, such as those disclosed or
incorporated by reference in our filings with the
- our relationship with, and our ability to influence the actions of, our Members;
- improper action by our employees or Members in violation of applicable law;
- adverse publicity associated with our products or network marketing organization, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws;
- the outcome of inquiries from regulatory authorities;
- changing consumer preferences and demands;
- our reliance upon, or the loss or departure of any member of, our senior management team which could negatively impact our Member relations and operating results;
- the competitive nature of our business;
- regulatory matters governing our products, including potential governmental or regulatory actions concerning the safety or efficacy of our products and network marketing program, including the direct selling market in which we operate;
- legal challenges to our network marketing program;
-
risks associated with operating internationally and the effect of
economic factors, including foreign exchange, inflation, disruptions
or conflicts with our third party importers, pricing and currency
devaluation risks, especially in countries such as
Venezuela ; - uncertainties relating to the application of transfer pricing, duties, value added taxes, and other tax regulations, and changes thereto;
-
uncertainties relating to interpretation and enforcement of
legislation in
China governing direct selling; -
uncertainties relating to the interpretation, enforcement or amendment
of legislation in
India governing direct selling; -
our inability to obtain the necessary licenses to expand our direct
selling business in
China ; - adverse changes in the Chinese economy, Chinese legal system or Chinese governmental policies;
- our dependence on increased penetration of existing markets;
- contractual limitations on our ability to expand our business;
- our reliance on our information technology infrastructure and outside manufacturers;
- the sufficiency of trademarks and other intellectual property rights;
- product concentration;
- changes in tax laws, treaties or regulations, or their interpretation;
- taxation relating to our Members;
- product liability claims;
- whether we will purchase any of our shares in the open markets or otherwise; and
- share price volatility related to, among other things, speculative trading and certain traders shorting our common shares.
We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law.
SVP,
or
VP,
Investor Relations
Source:
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