This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LifeVantage Holds Inaugural Global Convention With Largest Gathering Of Company Distributors

SAN DIEGO, April 21, 2011 /PRNewswire/ -- LifeVantage Corporation (OTCBB: LFVN), the maker of science-based solutions to oxidative stress, recently held its Inaugural Global Convention where more than 2,000 distributors and guests gathered from the United States, Mexico, Japan and Australia.

(Logo:   http://photos.prnewswire.com/prnh/20090930/LIFEVANTAGELOGO)

"Our convention was a historic event and a tremendous success, locally and internationally," stated David W. Brown, LifeVantage President & CEO of Network Marketing Operations. "It was a chance for us to review where we have been and to celebrate the tremendous growth we have achieved. We have been able to continue growing and building the Company despite challenging economic conditions, and we sincerely recognize and appreciate the enthusiastic support and hard work of our distributors as a key factor driving our rapid growth. We are excited to move forward and anticipate a very bright future for our company."

The Company also announced preliminary net revenue for its third fiscal quarter of 2011 of approximately $10 million. This represents an increase of approximately $2.6 million or 35% over net revenue of $7.4 million for the three month period ended December 31, 2010. This is also an approximate $7.3 million or 270% increase in net revenue over the $2.7 million net revenue reported for the same quarter last year.

"We were very excited to hold our inaugural global Convention and to be able to announce such impressive revenue growth.  As we continue to finalize our results, we also anticipate reporting our highest quarterly operating profit to date," stated Douglas C. Robinson, President & Chief Executive Officer of LifeVantage.  

During the convention the Company also recognized its first Master Pro 10 distributors who achieved a monthly organizational sales volume of $1 million; introduced Garry Mauro as Chairman of The Board and Douglas C. Robinson, as the Company's new President & CEO. Dr. Joe McCord also presented an update on the Company's independent, peer-reviewed studies.

Other significant announcements made at the first annual convention included news that the company has begun exploratory efforts towards launching sales in Australia and would be accepting applications of intent from Australia beginning May 1; the unveiling of the new look of Protandim, the company's flagship product as well as new sample packs and packaging for TrueScience Anti-Aging Cream.

At the event, LifeVantage was proud to partner with the American Red Cross to raise money for its Japan Earthquake and Pacific Tsunami relief effort.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,615.88 -38.89 -0.23%
S&P 500 1,984.47 -3.19 -0.16%
NASDAQ 4,807.9320 -4.7760 -0.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs