CVSL And Uppercase Living Close Transaction
DALLAS, March 14, 2014 /PRNewswire/ -- CVSL Inc. (OTCQX U.S.) and Uppercase Living LLC announced today that they have closed a transaction for Uppercase Living to become part of the CVSL family of micro-enterprise companies.
Salt Lake City-based Uppercase Living offers an extensive line of customizable vinyl expressions for display on walls in the home. Its independent sales force sells throughout the United States.
Uppercase Living was founded in 2006 with the vision of creating an inspiring decorative medium that would allow customers to transform their spaces into a reflection of themselves. This vision was delivered through decorative lettering and embellishments sold through in-home parties, called Open Houses. These expressions can be applied quickly and easily to walls, tiles, wood blocks, and other meaningful places, without enlisting the help of a professional decorator.
"Uppercase Living is a wonderful addition to the CVSL family of companies. It has a very appealing line of inspirational and personalized products and we believe there is excellent potential here. CVSL already includes a personalized stationery company, Paperly, so with Uppercase Living we have increased our presence in the marketplace of personalized products," said John Rochon Jr., vice chairman of CVSL and head of its investment committee.
"For all of us at Uppercase Living, becoming part of the CVSL family is an important step forward," said Jeffrey Erickson, founder of Uppercase Living. "Now we can be part of a global company and find new ways of sharing our product line with more and more people. It is an exciting time for us."
CVSL is a growing group of micro-enterprise companies that connect social media networks into an ever-expanding virtual "community" of social commerce. CVSL companies currently include The Longaberger Company, a 40-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 as well as home security systems; and Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless brand, operating in 40 countries; Paperly, which offers a line of custom stationery and other personalized products and My Secret Kitchen, a U.K.-based seller of gourmet food products. In addition, CVSL and Golden Girls, a purchaser of gold and tradable jewelry, have signed a definitive purchase agreement, which is subject to customary closing conditions.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact contained in this press release are forward-looking statements. We have attempted to identify forward-looking statements by terminology including "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. Such statements include statements regarding our growth and the potential for Uppercase Living. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. These statements are only expectations and involve known and unknown risks, uncertainties, and other factors; such as, our ability to continue our growth, the contribution of Uppercase Living to our company and the risks outlined under "Risk Factors" in our Annual Report on Form 10-K for our fiscal year ended December 31, 2012, our Quarterly Reports on Form 10-Q, including the Quarterly Report filed with the Securities and Exchange Commission for the quarter ended September 30, 2013, and those risks discussed in other documents we file with the Securities and Exchange Commission, which may cause our actual results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements to differ materially from expectations. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations.
SOURCE CVSL Inc.