New LifeVantage Chief Sales Officer David Phelps Sees "Extraordinary Growth Potential"
November 22 2013 - 9:30AM
LifeVantage Corporation (Nasdaq:LFVN), a company dedicated to
helping people achieve healthy living through a combination of a
compelling business opportunity and scientifically-validated
products, introduced David Phelps as its first-ever Chief Sales
Officer on Tuesday, and already Phelps is speaking out.
"LifeVantage has extraordinary growth potential," Phelps said.
"The current product line has fueled impressive growth since the
company entered into network marketing in 2009, but I believe that
is just our taking-off point."
Phelps continued, "We're expanding our U.S. market, preparing to
launch our flagship product, Protandim®, the Nrf2 Synergizer®
patented dietary supplement, in a number of major new markets
worldwide and gearing up to announce exciting new products, all in
keeping with our commitment to offer unique science-based
formulations for healthy living."
"Our approximately 70,000 independent distributors have their
eyes on a prize," added Phelps, "and that's making LifeVantage a
billion-dollar company. They know we have the products and sales
know-how to do that. I just spent 24 hours with the company's top
19 global distributors at a summit in Utah. These are some of the
most determined, passionate, experienced and insightful network
marketers I have ever met. Their conviction and energy, combined
with the work of the smart, hard-charging LifeVantage management
team, enhances our growth potential." Phelps also noted, "I am
truly impressed with the entire leadership team's unity in creating
the next wave of LifeVantage momentum."
A globally recognized expert in network marketing, Phelps's
experience spans North America, Europe, Latin America and nearly
every major market in Asia. He has worked at Synergy Worldwide,
FFi, Jeunesse Global, MonaVie and Organo Gold, applying his skills
in sales, marketing, international expansion, business development,
training and nearly every facet of distributor-facing development
work. Phelps received his Juris Doctorate from Brigham Young
University.
Douglas C. Robinson, LifeVantage President and Chief Executive
Officer, noted, "Like the rest of the LifeVantage management team,
Dave is driven by two essential concepts: Distributors are the
company's most important assets, and leadership development is the
heart of our network marketing success. LifeVantage is ready to
surge to new heights, and we are excited to have Dave Phelps join
the team that will help take us there."
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq:LFVN), a leader in Nrf2 science
and the maker of Protandim®, the Nrf2 Synergizer® patented dietary
supplement, TrueScience® Anti-Aging Cream and LifeVantage® Canine
Health, is a science-based network marketing company. LifeVantage
is dedicated to visionary science that looks to transform wellness
and anti-aging internally and externally with products that
dramatically reduce oxidative stress at the cellular level. The
Company was founded in 2003 and is headquartered in Salt Lake City,
Utah. More information is available at www.LifeVantage.com.
FORWARD LOOKING STATEMENTS
This document contains forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Words and expressions reflecting optimism and
satisfaction with current prospects, as well as words such as
"believe," "anticipates," "look forward to," "should" and
variations thereof, identify forward-looking statements, but their
absence does not mean that a statement is not forward-looking.
Examples of forward-looking statements include, but are not limited
to, statements we make regarding the Company's growth potential are
not guarantees of performance and the Company's actual results
could differ materially from those contained in such statements.
These forward-looking statements are based on the Company's current
expectations and beliefs concerning future events affecting the
Company and involve known and unknown risks and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein. These risks
and uncertainties include, among others the risk factors discussed
in greater detail in the Company's Annual Report on Form 10-K and
its Quarterly Report on Form 10-Q under the caption "Risk Factors,"
and in other documents filed by the Company from time to time with
the Securities and Exchange Commission. The Company cautions
investors not to place undue reliance on the forward-looking
statements contained in this document. All forward-looking
statements are based on information currently available to the
Company on the date hereof, and the Company undertakes no
obligation to revise or update these forward-looking statements to
reflect events or circumstances after the date of this document,
except as required by law.
CONTACT: Public Relations Contact:
John Genna (801) 432-9172
Vice President of Marketing & Communications
Investor Relations Contact:
Cindy England (801) 432-9036
Director of Investor Relations
or
John Mills (310) 954-1105
Senior Managing Director, ICR, LLC
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