DALLAS, Jan. 23, 2014 /PRNewswire/ -- CVSL Inc. (OTCQB: CVSL)and Golden Girls announced today that they have successfully completed their transaction by signing a definitive agreement for Golden Girls to become part of the CVSL family of micro-enterprise companies. The two companies had signed a letter of intent for the transaction on October 11, 2013.
Atlanta-based Golden Girls offers women a safe and trusted way to sell their jewelry for cash. Founded in 2008, Golden Girls purchases precious metals from guests at Golden Girls home parties. Hosts and buyers earn commissions on all jewelry purchased at the parties. The company provides training to buyers, enabling them to pay fair value for jewelry on the spot.
"We are delighted to become part of the CVSL family of micro-enterprise companies," said Deanna Brown, founder and owner of Golden Girls. "CVSL has accomplished remarkable things during its first year. We know that we bring something unique to add to the other wonderful companies and we look forward to being part of CVSL's future."
"This is the seventh transaction CVSL has completed in just the past ten months," noted John Rochon Jr., chairman of CVSL's investment committee. "In less than a year we have built a base of varied micro-enterprise companies that are conducting social commerce, representing nine different categories. Our reach now extends to markets around the world. We're excited about our future and we're right on track with the strategy we articulated when we launched CVSL."
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.
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SOURCE CVSL, Inc.