NewAge, Inc., Recognized as a Top Revenue Generating Company by DSN Global
April 22 2021 - 4:05PM
NewAge, Inc., the Colorado-based organic and
healthy products company intending to become the world’s leading
social selling and distribution company, announced that Direct
Selling News (DSN) ranked NewAge, Inc., No. 29 on the DSN Global
100 List of the top revenue-generating companies.
The DSN Global 100 is a collective
effort to show the impact and potential of the $180
billion direct selling industry on the world’s economy. With
an eligibility requirement of a minimum $100 million in annual
sales, the 2021 Global 100 represents the gold standard of
achievement and comprises aggregate revenue of more than $64
billion from companies spanning multiple industries based in
17 countries.
The 2021 list, unveiled online at
DirectSellingNews.com and to be featured in the June issue
of Direct Selling News magazine, recognizes the impact of
the direct selling industry in economic and social realms and the
performance of the leading global companies. It is a valued and
trusted resource for entrepreneurs and other direct selling
companies looking to partner with the most successful businesses in
the industry.
Gaining growth in all its sectors and business
segments, NewAge reached $500 million in proforma net revenue in
2020 versus $254 million in 2019, a growth rate of 98%. NewAge’s
Direct to Store segment grew 8.3% organically, its 13th year of
consecutive growth, and NewAge’s Direct/Social Selling Segment
comprised the bulk of the increase driven by strong organic growth
in Europe, the U.S., and Mexico, and the addition of the ARIIX
acquisition at the end of the year.
Brent Willis, Chief Executive Officer of NewAge,
commented, “Having achieved half a billion dollars in pro forma
revenue in four years time is a solid initial accomplishment. Our
business model is right on trend, as is our unwavering commitment
to healthy products. We have the potential to be a leader in the
gig economy and see an unobstructed pathway to transforming the
industry and delivering superior, sustainable and profitable
growth.”
Mr. Willis continued, “We are honored to be
named a top revenue-generating company. We believe that the social
selling landscape offers unlimited growth potential for our family
of Brand Partners and our shareholders. Our dedicated team of more
than 400,000 Brand Partners and consumers is a tremendous source of
competitive advantage and growth as e-commerce and social selling
continue to disintermediate traditional retail.”
About the DSN Global 100
ListThe Global 100 List offers a unique perspective on the
global impact of the industry. Recognition of these companies is
the culmination of months of research and the cooperation of many
individuals throughout the world. Wherever possible,
the DSN team seeks out public records and documents for
publicly traded companies and nearly 80 percent of
the DSN Global 100 data is compiled from privately held
companies.
About New Age, Inc.NewAge is a
purpose-driven firm intending to become the world’s leading social
selling and distribution company. Colorado-based NewAge
commercializes a portfolio of organic and healthy products
worldwide through primarily a direct route-to-market system. The
company competes in three major category platforms including health
and wellness, inner and outer beauty, and nutrition and weight
control — leading a network of more than 400,000 exclusive
independent distributors and brand partners around the world.
The company operates the websites newage.com,
noninewage.com, ariix.com, mavie.com, thelimucompany.com
and zennoa.com websites.
For investor inquiries about
NewAge, please contact:
NewAge Investor Relations:Riley
TimmerVice President, Investor RelationsTel:
1-801-870-8685Riley_Timmer@NewAge.com
For media inquiries about
NewAge, please contact:
NewAge Public Relations:Mindy
EardleyPR/Communications ManagerTel:
1-801-573-4818Mindy_Eardley@NewAge.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1eb9b4ac-f455-4ad0-907a-655ceb5de34b
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