DALLAS, March 14, 2014 /PRNewswire/ -- CVSL Inc.
(OTCQX U.S.) and Uppercase Living LLC announced today that they
have closed a transaction for Uppercase Living to become part of
the CVSL family of micro-enterprise companies.
Salt Lake City-based Uppercase
Living offers an extensive line of customizable vinyl expressions
for display on walls in the home. Its independent sales force
sells throughout the United States.
Uppercase Living was founded in 2006 with the vision of creating
an inspiring decorative medium that would allow customers to
transform their spaces into a reflection of themselves. This vision
was delivered through decorative lettering and embellishments sold
through in-home parties, called Open Houses. These expressions can
be applied quickly and easily to walls, tiles, wood blocks, and
other meaningful places, without enlisting the help of a
professional decorator.
"Uppercase Living is a wonderful addition to the CVSL family of
companies. It has a very appealing line of inspirational and
personalized products and we believe there is excellent potential
here. CVSL already includes a personalized stationery
company, Paperly, so with Uppercase Living we have increased our
presence in the marketplace of personalized products," said
John Rochon Jr., vice chairman of
CVSL and head of its investment committee.
"For all of us at Uppercase Living, becoming part of the CVSL
family is an important step forward," said Jeffrey Erickson, founder of Uppercase
Living. "Now we can be part of a global company and find new
ways of sharing our product line with more and more people.
It is an exciting time for us."
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. In addition, CVSL and
Golden Girls, a purchaser of gold and tradable jewelry, have
signed a definitive purchase agreement, which is subject to
customary closing conditions.
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 growth and the potential for Uppercase Living.
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; such as, our ability to continue our growth, the
contribution of Uppercase Living to our company and the risks
outlined under "Risk Factors" in our Annual Report on Form 10-K for
our fiscal year ended December 31,
2012, our Quarterly Reports on Form 10-Q, including the
Quarterly Report filed with the Securities and Exchange
Commission for the quarter ended September 30, 2013, and those risks
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.