MonaVie Ranks No. 1 in Utah Business Fast 50 Awards
SALT LAKE CITY--(BUSINESS WIRE)--Utah Business magazine unveiled the winners of the second annual Fast 50 awards program, naming MonaVie (www.monavie.com), maker of premier acai-based nutritional and energy drink products, as the No. 1 fastest growing company in Utah.
MonaVie was honored at a special awards ceremony on August 27, 2009, at the Grand America Hotel in Salt Lake City, Utah. The ceremony included remarks from Derek Miller, acting executive director of the Governor’s Office of Economic Development. According to Miller, Utah has been ranked as the No. 1 most dynamic economy in the nation and has seen 50 percent growth since 2007.
“We were pleased and humbled to be named No. 1, especially here in Utah where a healthy lifestyle and innovation is the name of the game,” says MonaVie Founder, Chairman and CEO, Dallin A. Larsen. “MonaVie is now poised to expand rapidly around the world, delivering a ground floor opportunity for years to come.”
MonaVie will be included in a special feature in the September edition of Utah Business magazine. To view the Fast 50 list of companies, visit www.utahbusiness.com or click here.
MonaVie is a direct seller of nutritional beverages made from unique blends of nature’s superfruits. Launched in 2005, MonaVie was created by a team of partners with extensive backgrounds in the direct selling industry and with health products. Cumulative sales topped $1 billion in 2008, and MonaVie now operates in 10 countries, with international expansion continuing. MonaVie appeared No. 1 in the Food & Beverage category on the 2009 Inc. 500 list of the fastest-growing private companies in America.
To be eligible for the Utah Business Fast 50 program, a company must be located in Utah, demonstrate notable entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth.
About MonaVie LLC
MonaVie LLC is a rapidly growing company that distributes products to markets around the world. Introduced in January 2005, MonaVie develops and markets scientifically formulated, premium quality products, specifically for person-to-person distribution. Developed with a philosophy of Balance-Variety-Moderation, MonaVie brand products deliver phytonutrients and antioxidants to promote and maintain a healthy and active lifestyle. In June 2009, MonaVie introduced to the market a healthy alternative to traditional energy drinks. A welcomed addition to the company’s premier line of products, MonaVie EMV™ (www.monavie-emv.com) contains a 100 percent natural energy blend formulated to increase performance, endurance and concentration by kicking up your energy level and keeping it there — without a subsequent crash.