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USANA News

Npros MLM / Network Marketing News Archive

October 2008

USANA Unveils Million Dollar Club Walk of Fame  

USANA Health Sciences, Inc. (NASDAQ: USNA) today unveiled its Million Dollar Club Walk of Fame at the entrance of its Salt Lake City headquarters.

USANA’s Million Dollar Club is made up of independent distributors who have earned at least $1 million in commissions through their USANA business. USA...

Source: Business Wire


USANA Unveils Million Dollar Club Walk of Fame
Posted 9/16/2008


USANA to Market Energy Drinks  

USANA Health Sciences Inc. said Thursday that it plans to enter the energy-drink industry, and company executives already appeared re-energized as they kicked off the company's international convention.

After all, the Salt Lake-based company has put a lot of trouble in its rear-view mirror. With a...

Source: Deseret News


USANA to Market Energy Drinks
Posted 8/29/2008



Usana to Enter Philippine Personal Care Market  

Nasdaq-listed food supplement firm Usana Health Sciences said it planned to begin operating in the Philippines, which would make the country its 14th market worldwide.

The Utah-based firm develops and manufactures nutritional, personal care, and weight management products that are sold directly to...

Source: Philippine Daily Inquirer


Usana to Enter Philippine Personal Care Market
Posted 9/16/2008



USANA to Hold 16th Annual Convention in SLC  

More than 8,000 people from around the world are expected to attend the USANA Health Sciences, Inc., 16th annual International Convention Aug. 27-30 in Salt Lake City. The event, to be held at the EnergySolutions Arena and the Salt Palace Convention Center, is one of the city's top five annual conve...

Source: Business Wire


USANA to Hold 16th Annual Convention in SLC
Posted 8/21/2008



USANA Honored with Best of State Awards  

USANA Health Sciences, Inc. (NASDAQ: USNA), was recognized Saturday at the Best of State Awards ceremony with medals for the best dietary supplements and best personal-care products in Utah. USANA also received the prestigious Best of State statue in its overall category of merchandising and consume...

Source: PR-Inside.com


USANA Honored with Best of State Awards
Posted 6/5/2008



USANA Regional Event to Feature MLM Training  

USANA Health Sciences, Inc, (NASDAQ: USNA) has invited trusted MLM training expert Tim Sales to speak at their Regional Celebration in Toronto on May 29th. Tim will teach USANA's associates how to find and invite prospects and overcome some of the highest hurdles network marketers face.

"Tim Sale...

Source: PR Web


USANA Regional Event to Feature MLM Training
Posted 6/2/2008



USANA Teams up with Pachuca Soccer Club  

USANA Health Sciences, Inc. (NASDAQ: USNA), a worldwide leader in science-based nutritional supplements, announced today it will be the official supplement supplier of Club Pachuca, Mexico’s oldest professional soccer club.

Pachuca’s players will join a growing number of premier athletes from a w...

Source: Earthtimes


USANA Teams up with Pachuca Soccer Club
Posted 5/27/2008



USANA board forms panel to evaluate buyout offer  

Nutritional supplement and skin care products company Usana Health Sciences said Tuesday its board of directors has formed an independent panel to evaluate a buyout offer from its chief executive and largest shareholder.

Last Tuesday, investment firm Gull Holdings Ltd., which is controlled by Usan...

Source: CNNMoney.com


USANA board forms panel to evaluate buyout offer
Posted 5/27/2008



USANA ordered to pay for SLAPP violation  

Vitamin maker USANA Health Sciences Inc. must pay a critic of the multilevel marketing industry who was forced to defend himself against a company lawsuit.

Federal Magistrate Samuel Alba decided Wednesday that USANA owes $142,510 in attorney fees to a San Diego investigator, Barry Minkow, and his...

Source: LocalNews8.com


USANA ordered to pay for SLAPP violation
Posted 5/13/2008



USANA in the Salt Lake Tribune  

1st quarter results Usana's sales drop and costs rise; earnings fall 28% Usana Health Sciences Inc. reported lower earnings for the first quarter of 2008, blaming the decrease on higher operating costs and a decline in net sales. The nutritional, personal care and weight management products comp...

Source: Salt Lake Tribune


USANA in the Salt Lake Tribune
Posted 4/29/2008



USANA Becomes Official Supplier of US Bobsled Team  

USANA Health Sciences, Inc. (NASDAQ: USNA), a worldwide leader in science-based nutritional supplements, today announced it has signed a two-year sponsorship agreement to be the official supplement supplier of nationally ranked USA Bobsled Team Radcliff.

“I’ve done a lot of research on a variety...

Source: Business Wire


USANA Becomes Official Supplier of US Bobsled Team
Posted 4/29/2008



USANA Receives Certification  

USANA Health Sciences, Inc. (NASDAQ: USNA) recently received certification of six of its products through NSF International’s Certified for Sport™ program. NSF’s independent certification helps athletes make educated decisions about the safety of the dietary supplements they choose to take.

USANA...

Source: Business Wire


USANA Receives Certification
Posted 4/1/2008



USANA Shares Plunge on Guidance Cut  

Shares of Usana Health Sciences Inc. plummeted following the nutritional and weight management product makers' move to cut its first-quarter guidance.

The stock fell to $18.25 early in the trading session, its lowest point in nearly five years. Shares fell 20.8 percent, or $5.60, to close at $21.3...

Source: Forbes


USANA Shares Plunge on Guidance Cut
Posted 4/1/2008



USANA Shares Plunge on Guidance Cut  

Shares of Usana Health Sciences Inc. plummeted following the nutritional and weight management product makers' move to cut its first-quarter guidance.

The stock fell to $18.25 early in the trading session, its lowest point in nearly five years. Shares fell 20.8 percent, or $5.60, to close at $21.3...

Source: Forbes


USANA Shares Plunge on Guidance Cut
Posted 3/29/2008



USANA Demonstrates Metabolic Syndrome Improvement  

USANA Health Sciences, Inc. (NASDAQ: USNA) announced today that a large, third-party clinical study recently completed at the University of Colorado Denver (UCD) has confirmed that lifestyle change, involving diet, supplementation and exercise, can improve the metabolic syndrome.

The results of th...

Source: Centre Daily Times


USANA Demonstrates Metabolic Syndrome Improvement
Posted 3/12/2008



USANA Wins Distributor Choice Award  

Distributors recently chose USANA Health Sciences (NASDAQ: USNA) as the best network marketing company for 2007 in an annual report released by MLM Insider. This marks the 10th year that USANA has ranked first in this category.

Each year, thousands of distributors make their pick for the best com...

Source: Earthtimes


USANA Wins Distributor Choice Award
Posted 3/9/2008



USANA Exec Sells Shares  

The executive vice president of operations for nutritional and skin care products company USANA Health Sciences Inc. sold 40,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Fred W. Cooper reported selling the shares on...

Source: Houston Chronicle


USANA Exec Sells Shares
Posted 3/6/2008



USANA Meal Replacement Receives Approval  

USANA Health Science Inc.'s (NASDAQ: USNA) Nutrimeal' drink mix is the first meal replacement product in the Australian market to carry the coveted Glycemic Index (GI) Symbol. The GI Symbol Program is a public health initiative run by Glycemic Index Limited, which provides consumers with a credible...

Source: Ad-Hoc-News


USANA Meal Replacement Receives Approval
Posted 2/26/2008



Usana Posts Hefty Sales  

Usana reported that sales in the fourth quarter of 2007 increased by 10.8 percent and reached $108.7 million, compared with $98.1 million in the fourth quarter of the 2006 fiscal year. Its fourth quarter profit, however, fell slightly to $11.06 million, or 67 cents per share, from $11.1 million or 6...

Source: Trading Markets


Usana Posts Hefty Sales
Posted 2/25/2008



USANA Health Sciences Receives Recognition  

USANA Health Sciences, Inc. (NASDAQ: USNA) announced today that it has become a Founding Reporter of The Climate Registry. The Climate Registry is a non-profit organization established to measure and publicly report greenhouse gas emissions (GHG) in a common, accurate and transparent manner consiste...

Source: Business Wire


USANA Health Sciences Receives Recognition
Posted 1/21/2008



USANA Says SEC Rules out Enforcement Action  

Usana Health Sciences Inc., a Salt Lake City-based multi-level marketing company targeted last year in a Securities and Exchange Commission probe, said it won't face further action because the U.S. watchdog agency found nothing incriminating. Usana received notification from the SEC than its...

Source: Salt Lake Tribune


USANA Says SEC Rules out Enforcement Action
Posted 1/21/2008



Shareholder Lawsuit Dropped Against USANA  

SALT LAKE CITY, Jan 03, 2008 (BUSINESS WIRE) -- USANA Health Sciences Inc. (NASDAQ:USNA) announced today that a Utah State court has dismissed the shareholder derivative action Larson vs. Wentz brought against USANA and several of its directors and executives in September 2007.

The Plaintiff agree...

Source: Business Wire


Shareholder Lawsuit Dropped Against USANA
Posted 1/12/2008



Usana Health Sciences Lawsuit Dismissed  

Usana Health Sciences Lawsuit Dismissed Utah State Court Dismisses Shareholder Lawsuit Against Usana Health Sciences

Usana Health Sciences Inc., which makes nutritional, personal care and weight management products, said Thursday a Utah state court dismissed a shareholder lawsuit related to clai...

Source: CNNMoney


Usana Health Sciences Lawsuit Dismissed
Posted 1/12/2008



USANA Shares Jump on SEC Inquiry Closure  

Usana Health Sciences shares soared Friday after the nutritional and skin care products company said the Securities and Exchange Commission had closed its inquiry into the company's marketing model.

Shares jumped $13.91, or 39.1 percent, to $49.48 Friday.

In addition to closing its inquiry, Usan...

Source: chron


USANA Shares Jump on SEC Inquiry Closure
Posted 1/12/2008



USANA Beats Q3 Estimates  

USANA (Nasdaq: USNA) reported Q3 EPS of $0.70, 4 cents better than the analysts estimates $0.66. Revenues for the quarter were $106.2 million, versus the consensus of $106.44 million. Company sees Q4 earnings from $0.66 to $0.68 versus a consensus of $0.68. Q4 revenues sees $108 million to $110 mill...

Source: StreetInsider.com


USANA Beats Q3 Estimates
Posted 10/23/2007



USANA Health Sciences Regains Compliance with NASDAQ Listing  

USANA Health Sciences Inc. (NASDAQ:USNA) announced that a Nasdaq Listing Qualifications Panel has determined the Company is compliant with the continued listing standards of the Nasdaq Stock Market, including the Nasdaq Marketplace Rule 4310(c)(14) related to the filing of periodic reports with the...

Source: Trading Markets


USANA Health Sciences Regains Compliance with NASDAQ Listing
Posted 10/20/2007



USANA President Elected Vice Chair of DSA  

USANA Health Sciences, Inc. (NASDAQ: USNA), today announced that Dave Wentz, president of USANA, was recently elected to a second term as vice chairman of the Direct Selling Association (DSA) Board of Directors and chairman of the Annual Meeting.

As a board officer, Wentz will help direct the DSA...

Source: Business Wire


USANA President Elected Vice Chair of DSA
Posted 10/8/2007



USANA Profiled in Trading Markets  

A report and profile featuring emerging companies within the nutritional supplement industry has been released by financial courier Small Cap Voice and is now available online to the investing public.

The report will feature detailed information regarding Planet Nutrition Holdings (Pink Sheets:PN...

Source: Trading Markets


USANA Profiled in Trading Markets
Posted 10/8/2007



USANA Appoints PricewaterhouseCoopers  

Usana Health Sciences Inc. (USNA) on Wednesday said it appointed PricewaterhouseCoopers LLP as the company's new independent registered public accounting firm. PricewaterhouseCoopers is expected to immediately begin reviewing the Company's financial results filed in Usana's Form 10-Q for the quarter...

Source: RTT News


USANA Appoints PricewaterhouseCoopers
Posted 9/11/2007



USANA Announces Board Appointment  

USANA Health Sciences Inc. (NASDAQ:USNA) announced today that it has appointed PricewaterhouseCoopers LLP (PwC) as the Company’s new independent registered public accounting firm.

“We are pleased to engage PwC, a global leader in the accounting profession, as our independent auditors,” said Ronal...

Source: Business Wire


USANA Announces Board Appointment
Posted 9/5/2007



USANA Defends Business Practices  

We are writing this letter to express our concern with the article 'Most people won't get their money back', by Helen Malmgren, which appeared in the July 12, 2007 issue of National Business Review.

Unfortunately, this article contained several misrepresentations of the facts and outright false...

Source: National Business Review


USANA Defends Business Practices
Posted 8/5/2007



USANA Shares Drop Following Resignation  

NEW YORK — Shares of Usana Health Sciences Inc., which makes nutritional and personal care products, dropped Tuesday after the lawsuit-plagued company said its independent accountant has resigned.

Shares fell $5.12, or 10.2 percent, to $44.98 in afternoon trading.

The announcement of the resigna...

Source: Houston Chronicle


USANA Shares Drop Following Resignation
Posted 7/23/2007



Auditor for Vitamin Maker USANA Quits  

SALT LAKE CITY — The accounting firm for embattled Utah vitamin maker USANA Health Sciences Inc. has resigned, and the company insisted Tuesday that no disagreement led to the departure.

That would be unusual, corporate watchdogs say. A Securities and Exchange Commission filing hints at a dustup o...

Source: Houston Chronicle


Auditor for Vitamin Maker USANA Quits
Posted 7/23/2007



USANA Health Sciences Rises on Forecast  

NEW YORK — Shares of USANA Health Sciences Inc. rose on Wednesday, after the nutritional and personal care products company forecast a strong third-quarter outlook on the heels of a 9 percent higher second-quarter profit.

USANA said Wednesday that second-quarter earnings were fueled by higher sale...

Source: Houston Chronicle


USANA Health Sciences Rises on Forecast
Posted 7/23/2007



USANA Q2 Profits Climb  

SALT LAKE CITY - USANA Health Sciences Inc., which makes nutritional and personal care products, said Tuesday its second-quarter profit climbed 9 percent.

For the quarter ended June 30, net income rose to $11.3 million, or 66 cents per share, from $10.3 million, or 55 cents per share.

Analysts p...

Source: Forbes


USANA Q2 Profits Climb
Posted 7/18/2007



USANA Auditor Quits  

SALT LAKE CITY - The accounting firm for embattled Utah vitamin maker USANA Health Sciences Inc. has resigned, and the company insisted Tuesday that no disagreement led to the departure.

That would be unusual, corporate watchdogs say. A Securities and Exchange Commission filing hints at a dustup o...

Source: Forbes


USANA Auditor Quits
Posted 7/18/2007



Prompted by FTC BurnLounge Changes Business Model  

A digital music service accused by the U.S. Federal Trade Commission of running an illegal pyramid scheme has changed its business model and has worked out an agreement with the agency, the company said.

BurnLounge Inc. has eliminated the "network marketing" portion of its business that was target...

Source: PC World


Prompted by FTC BurnLounge Changes Business Model
Posted 7/6/2007



USANA Founder Receives Albert Einstein Award  

Dr. Myron Wentz, founder, chairman, and CEO of USANA Health Sciences, Inc. (NASDAQ: USNA), was honored Monday at a special ceremony in Jerusalem with the Albert Einstein Award for Outstanding Achievement in the Life Sciences.

The Albert Einstein Award, given by Global Capital Associates, salutes...

Source: Business Wire


USANA Founder Receives Albert Einstein Award
Posted 7/6/2007



USANA Probe Ends With Settlement  

Two officials at Salt Lake City-based Usana Health Sciences Inc. promised to stop representing themselves as certified public accountants, ending an investigation by Utah authorities into the vitamin maker, The Wall Street Journal reported Tuesday.

Gilbert A. Fuller, the company's chief financial...

Source: HULIQ


USANA Probe Ends With Settlement
Posted 6/30/2007



USANA to Sell Third Party Contract  

USANA Health Sciences, Inc. (NASDAQ: USNA) has signed a letter of intent to sell certain assets and inventory associated with the third-party contract manufacturing business at its Draper, Utah, facility. The terms of this transaction were not disclosed, however it is anticipated that the sale of th...

Source: StreetInsider.com


USANA to Sell Third Party Contract
Posted 6/10/2007



USANA to Sell Draper Facility Assets  

Usana Health Sciences Inc., a multi-level marketing company based in Salt Lake City, said it has signed a letter of intent to sell assets and inventory associated with its third-party manufacturing business at its facility in Draper. Bloomberg News reports the terms of the transaction were not...

Source: Salt Lake Tribune


USANA to Sell Draper Facility Assets
Posted 6/6/2007



USANA Donates to Childrens Hunger Fund  

USANA Health Sciences, Inc. (USNA) announced today that it has expanded its long-standing support to a leading international charity, Children's Hunger Fund (CHF), with a $110,000 donation for the purchase and maintenance of a new semi truck for distribution of food, clothing and other critical reli...

Source: NPIcenter


USANA Donates to Childrens Hunger Fund
Posted 5/29/2007



USANA Wins Two Best of State Awards  

USANA Health Sciences Wins Two Utah Best of State Awards

SALT LAKE CITY, Apr 30, 2007 (BUSINESS WIRE) -- USANA Health Sciences, Inc. (USNA) will be recognized on May 19, 2007 with two Utah Best of State Awards. USANA will receive an award for the best dietary supplements in the state of Utah along...

Source: NPI Center


USANA Wins Two Best of State Awards
Posted 5/1/2007



USANA Director Withdraws Nomination for Reelection  

SALT LAKE CITY--(BUSINESS WIRE)--USANA Health Sciences Inc. (NASDAQ:USNA) issued the following statement today regarding allegations made concerning the academic credentials of board member, Dr. Denis Waitley:

“Dr. Denis Waitley has decided not to stand for reelection to the USANA board of direct...

Source: BUSINESS WIRE


USANA Director Withdraws Nomination for Reelection
Posted 3/31/2007



USANA Files Defamation Lawsuit Against FDI  

USANA Health Sciences Files Defamation Lawsuit Against Fraud Discovery Institute And Barry Minkow - Quick Facts

Thursday, USANA Health Sciences Inc. said that it has filed a lawsuit against the Fraud Discovery Institute and Barry Minkow in U.S. District Court in Salt Lake City, Utah for defamation...

Source: TradingMarkets


USANA Files Defamation Lawsuit Against FDI
Posted 3/20/2007



Discovery Institute Reports on Usana Health Sciences  

SAN DIEGO, March 15 /PRNewswire/ -- The Fraud Discovery Institute, under the direction of Barry Minkow, has issued a report on public company, Usana Health Sciences, Inc., alerting authorities to possible fraud and also raising questions about the legitimacy of the entire multi-level marketing indus...

Source: PRNewswire


Discovery Institute Reports on Usana Health Sciences
Posted 3/18/2007



Scheme report strikes USANA  

Shares of USANA Health Sciences tumbled Thursday after The Wall Street Journal reported on a 500-page critique of the company sent to the Security and Exchange Commission, the FBI and the criminal division of the IRS by the San Diego-based Fraud Discovery Institute. The report was penned by Ba...

Source: Salt Lake Tribune


Scheme report strikes USANA
Posted 3/16/2007