CVSL Announces Completion Of Agel Transaction
DALLAS, Oct. 22, 2013 /PRNewswire/ -- CVSL Inc. [stock symbol: CVSL] announced today that it has successfully closed and funded its transaction to acquire Agel Enterprises, a global direct seller of a line of nutritional products as well as a line of skin care products sold under the brand name Ageless™. Agel products are sold in 40 countries around the world.
Agel signed a letter of intent to become part of CVSL on August 14 and signed a definitive agreement on September 26.
About CVSL (www.cvsl.us.com)
CVSL Inc. is an innovative public company pursuing a strategy of gathering together multiple companies in the direct selling, or micro-enterprise, sector. Each company maintains its own separate brand identity, leadership and product line, while achieving efficiencies through sharing of back office resources and best practices.
In addition to Agel, CVSL companies currently include The Longaberger Company, Your Inspiration At Home and Tomboy Tools. CVSL also has signed a letter of intent to acquire Golden Girls.
SOURCE CVSL Inc.