ACCRINGTON, England, Jan. 18, 2017 /PRNewswire/
-- Kleeneze Limited, a wholly-owned subsidiary of JRjr33,
Inc., doing business as JRJR Networks [NYSE MKT: JRJR] a
Dallas, Texas based company,
announced today that it has executed a £1.2 million ($1.5 million) funding agreement with the Greater
Manchester Combined Authority, to finance the consolidation of its
world-wide product logistics operations into a 100,000-square
foot warehouse, fulfillment, distribution and office center in
Rochdale.
Kleeneze, a 94-year old direct sales organization, sells
and distributes a wide range of household and beauty products
through an extensive network of independent sales distributors
throughout Great Britain and
Europe.
JRJR Networks is a market leader in global direct-to-consumer
product distribution through its family of 10 businesses which
operate in over 60 countries with over 70,000 sales associates
around the world.
Kleeneze will use the new funding to consolidate its global
logistics operations into a new facility in Rochdale, providing an opportunity to expand
its already successful business and to offer additional employment
with more than 100 new jobs in Rochdale, North East of Manchester.
Michael Khatkar, Kleeneze
Managing Director said, "We are very pleased to have the
opportunity to make this contribution to the local economy and to
offer additional employment support to the region. This new
facility should enable us to drive our business further in 2017,
expanding into new markets and enabling more people to engage in
personal economic development. We look forward to a long and
successful partnership with the GMCA."
GMCA Lead member for Investment and Finance, Councillor Kieran
Quinn said, "This investment shows that the Combined Authority has
become a vital player in the commercial finance market. More and
more firms are looking to us to support their growth plans and of
course we are only too happy to assist in the creation of more jobs
and prosperity in the region."
John Rochon, Jr., Vice-Chairman
and Founder of JRJR Networks said, "Kleeneze is an important member
of the JRJR family of companies. We are very proud of
Kleeneze's many accomplishments and we expect that this initiative
will enable Kleeneze to make a meaningful leap in development of
its already successful record, expanding profitability and greatly
benefitting our customers, our sales associates and our
shareholders."
About JRJR Networks
(www.jrjrnetworks.com)
JRJR Networks is a growing platform of direct-to-consumer
brands. Within JRJR Networks, each company retains its separate
identity, sales force, product line and compensation plan, while
JRJR Networks seeks synergies and efficiencies in operational
areas. JRJR Networks 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 50 countries; Paperly, which offers a line of
custom stationery and other personalized 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
catalog seller of cleaning, health, beauty, home, outdoor and a
variety of other products, and Betterware, a UK-based home
catalog seller. JRJR Networks also includes Happenings, a
lifestyle publication and marketing company.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact
contained in this press release are forward-looking statements. In
some cases, forward-looking statements can be identified by
terminology such as "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 and include
statements regarding the expected contribution of the new Kleeneze
facility and our continued growth. These forward-looking
statements are based on management's expectations and assumptions
as of the date of this press release and are subject to a number of
risks and uncertainties, many of which are difficult to predict
that could cause actual results to differ materially from current
expectations and assumptions from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from current expectations
include, among others, our ability to expand profitability at
Kleeneze, our ability to expand leadership activities in support of
our sales, our ability to continue to grow, our ability to
integrate the entities that we have acquired, our ability to
strengthen our internal controls and the other risks outlined under
"Risk Factors" in our Annual Report on Form 10-K for our fiscal
year ended December 31, 2015 and our
other filings with the SEC, including subsequent reports on Forms
10-Q and 8-K. The information in this release is provided only as
of the date of this release, and we undertake no obligation to
update any forward-looking statements contained in this release on
account of new information, future events, or otherwise, except as
required by law.
Contact:
Investor Relations: Tucker Gagen
(tucker.gagen@jrjrnetworks.com)
Media Contact: Brenton Baker
(brenton.baker@jrjrnetworks.com)
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