MLM Company Herbalife Meets NYSE Board Independence Standards Nine Months Early

Herbalife Meets NYSE Board Independence Standards Nine Months Early:

Herbalife Ltd. (NYSE:HLF) today announced an early move to compliance with NYSE standards of board independence with the appointment of two new independent directors following the resignations of directors James Fordyce and Ken Diekroeger. Fordyce has represented Whitney & Co. and Diekroeger has represented Golden Gate Capital on the board since the company was taken private in July 2002.

'Full compliance with NYSE independence standards is not required until December 2006, however, early compliance is consistent with the best principles of good corporate governance,' said Herbalife Chairman of the Board Peter Castleman, president of Whitney & Co., LLC.

Herbalife And Other MLMs Tipped By Broker

Opportunity is knocking for small-cap direct sellers - MarketWatch:

Small and mid-sized companies in the direct selling business could carry some interesting possibilities for investors.

Direct sellers typically market their products person-to-person and, unlike traditional retailers, don't depend on fixed locations. Most of these companies are in the small- and mid-cap sector; analysts see a number of growth opportunities for these sellers.

Amway China set to lose cash

People's Daily Online -- Amway China set to lose cash:

US-based direct seller Amway will probably see a lower sales revenue in China this year as it is still restructuring its sales network to comply with new regulations on direct selling.

Senior company officials said yesterday the firm still had to make some slight changes to keep in line with the rules which took effect in December last year.