NEW YORK and DALLAS, Dec. 3, 2014 /PRNewswire/ -- The common stock of CVSL Inc. [NYSE MKT: CVSL] will begin trading on the New York Stock Exchange MKT this coming Friday, December 5. Confirmation of the uplisting was received today from the NYSE.
"This news marks an extraordinarily exciting milestone for CVSL and our shareholders. It is a historic moment for our eight companies, for the members of our companies' independent sales forces, for our employees and for everyone who is part of our venture to build a global powerhouse in the direct-to-consumer sector and to bring entrepreneurial opportunities to millions of people around the world," said John Rochon Jr., CVSL's vice chairman.
CVSL made its first acquisition in the direct-to-consumer space 18 months ago.
"Uplisting to the NYSE was our major goal for 2014. Now that we have accomplished that objective, we believe we are well positioned for the next phase of our growth and we are ready to move forward with our acquisition strategy. We will focus primarily on M&A during 2015," said Mr. Rochon.
CVSL's U.S. headquarters is in Dallas, TX. Its international headquarters is in Luzern, Switzerland. CVSL began executing its strategy of acquisitions in the direct-to-consumer space in March of 2013.
CVSL is a growing group of direct-to-consumer companies that connect social media networks into an ever-expanding virtual "community" of social commerce. CVSL companies currently include The Longaberger Company, a 42-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; Project Home, a direct seller of Tomboy Tools, a line of tools designed for women as well as home security systems; 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; My Secret Kitchen, a U.K.-based seller of gourmet food products; and Uppercase Living, which offers an extensive line of customizable vinyl expressions for display on walls in the home. CVSL also includes Happenings Communications Group. 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. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Such statements include statements regarding our growth and moving forward with the acquisition strategy. These statements are only expectations and involve known and unknown risks, uncertainties, and other factors including our ability to continue to grow as anticipated, our ability to effectuate our acquisitions and the financings for such acquisitions and the risks outlined under "Risk Factors" in our Annual Report on Form 10-K for our fiscal year ended December 31, 2013, our Quarterly Reports on Form 10-Q, including the Quarterly Report filed with the Securities and Exchange Commission for the quarter ended June 30, 2014, 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.
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SOURCE CVSL Inc.