DALLAS, Jan. 28, 2014 /PRNewswire/ -- John Rochon Jr., the chairman of CVSL Inc.'s
investment committee [OTCQB: CVSL], said today that CVSL has
sold all of its remaining shares of Blyth, Inc. and no longer holds
any equity position in Blyth.
Last fall, CVSL indicated publicly that it had acquired a stake
in Blyth. On October 29, 2013,
CVSL announced that it had proposed a business combination with
Blyth, under which CVSL would acquire all public common shares of
Blyth for a per share consideration of $16.75.
Following the rejection of CVSL's offer by Blyth management,
CVSL has liquidated its Blyth position in full. Mr. Rochon
noted that CVSL has essentially broken even financially on its
Blyth investment.
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 décor 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.