DALLAS, Jan. 23, 2014 /PRNewswire/ -- CVSL Inc. (OTCQB:
CVSL)and Golden Girls announced today that they have successfully
completed their transaction by signing a definitive agreement for
Golden Girls to become part of the CVSL family of micro-enterprise
companies. The two companies had signed a letter of intent
for the transaction on October 11,
2013.
Atlanta-based Golden Girls
offers women a safe and trusted way to sell their jewelry for
cash. Founded in 2008, Golden Girls purchases precious metals
from guests at Golden Girls home parties. Hosts and buyers
earn commissions on all jewelry purchased at the parties. The
company provides training to buyers, enabling them to pay fair
value for jewelry on the spot.
"We are delighted to become part of the CVSL family of
micro-enterprise companies," said Deanna
Brown, founder and owner of Golden Girls. "CVSL has
accomplished remarkable things during its first year. We know
that we bring something unique to add to the other wonderful
companies and we look forward to being part of CVSL's future."
"This is the seventh transaction CVSL has completed in just the
past ten months," noted John Rochon
Jr., chairman of CVSL's investment committee. "In less
than a year we have built a base of varied micro-enterprise
companies that are conducting social commerce, representing nine
different categories. Our reach now extends to markets around
the world. We're excited about our future and we're
right on track with the strategy we articulated when we launched
CVSL."
About CVSL
CVSL is a growing group of micro-enterprise companies that
connect social media networks into an ever-expanding virtual
"community" of social commerce. CVSL companies currently include
The Longaberger Company, a 40-year old maker of hand-crafted
baskets and other home decor items; Your Inspiration At
Home, an award-winning maker of hand-crafted spices and other
gourmet food items from around the world; Tomboy Tools, a
direct seller of tools designed for women as well as home security
systems; and Agel Enterprises, a global seller of
nutritional products in gel form as well as a skin care line sold
under the Ageless™ brand, operating in 40 countries;
Paperly, which offers a line of custom stationery and other
personalized products; and My Secret Kitchen, a U.K.-based
seller of gourmet food products.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that
involve risks and uncertainties. All statements other than
statements of historical fact contained in this press release are
forward-looking statements. We have attempted to identify
forward-looking statements by terminology including "anticipate,"
"believe," "can," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"should," or "will" or the negative of these terms or other
comparable terminology. Such statements include statements
regarding our anticipated revenues, and our growth. Although
we do not make forward-looking statements unless we believe we have
a reasonable basis for doing so, we cannot guarantee their
accuracy. These statements are only expectations and involve known
and unknown risks, uncertainties, and other factors; our growth may
not continue as anticipated and our revenue may not be as expected
and the risks outlined under "Risk Factors" in our Annual
Report on Form 10-K for our fiscal year ended December 31, 2012, our Forms 10-Q, including the
one issued for the period ending September 30, 2013 and those discussed in other
documents we file with the Securities and Exchange Commission,
which may cause our actual results, levels of activity,
performance, or achievements expressed or implied by these
forward-looking statements to differ materially from
expectations. Except as required by law, we undertake no
obligation to update or revise publicly any of the forward-looking
statements after the date of this press release to conform our
statements to actual results or changed expectations.
CVSL Media Contact: Russell
Mack (rmack@cvsl.us.com)
CVSL Investor Relations Contact: Scott Pumper (scottp@cvsl.us.com)
SOURCE CVSL, Inc.