DALLAS, Feb. 11, 2016 /PRNewswire/ -- As the first
step in the transition to its new name, CVSL Inc. [NYSE MKT:
CVSL] anticipates commencing trading next Tuesday, February 16, under its new stock symbol,
JRJR.
As announced on January 28, the
company has received board approval, including the approval of
John P. Rochon and John Rochon, Jr., the holders of in excess
of fifty percent of the company's voting stock, to change its
name. The company will officially begin doing business as
JRJR Networks upon the completion of all necessary NYSE, SEC
and other legal requirements, which is expected shortly.
"When we begin trading under our new stock symbol, we will take
another important step in strengthening our identity as a global
family of companies in the direct-to-consumer sector, dedicated to
serving the independent entrepreneurs in our sales networks around
the world," said John Rochon Jr.,
vice chairman and chief financial officer.
ABOUT CVSL INC. / JRJR NETWORKS
(www.cvsl.us.com)
CVSL is a growing platform of direct-to-consumer brands. Within
CVSL, each company retains its separate identity, sales force,
product line and compensation plan, while CVSL seeks synergies and
efficiencies in operational areas. Its companies currently include
The Longaberger Company, a 42-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; Agel Enterprises,
a global seller of nutritional products in gel form as well as a
skin care line, operating in 40 countries; Paperly, which
offers a line of custom stationery and other personalized products;
My Secret Kitchen, a U.K.-based seller of gourmet food
products; Uppercase Living, which offers a line of
customizable vinyl expressions for display on walls in the home;
Kleeneze, a 95-year old UK-based seller of cleaning, health,
beauty, home, outdoor and a variety of other products, and
Betterware, a UK-based catalog company. CVSL also includes
Happenings, a lifestyle publication and marketing
company.
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. 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 based
upon current beliefs, expectations and assumptions and include
statements regarding the timing of commencement of trading under
its new trading symbol and, its ability to continue its growth.
These statements are subject to a number of risks and
uncertainties including CVSL's ability to
successfully implement its strategy and the other risks outlined
under "Risk Factors" in CVSL's Annual Report on Form 10-K/A for its
fiscal year ended December 31, 2014
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.
Contact: Russell Mack
(Russell.mack@cvsl.us.com)
Investor Relations: Tucker
Gagen (tucker.gagen@cvsl.us.com)
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SOURCE CVSL Inc.