PROVO, Utah, June 1 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced that its board of directors has authorized an increase of $150 million to the company's share repurchase authorization. Shares may be purchased under this authorization on the open market and in private transactions. This $150 million share repurchase authorization adds to approximately $46 million remaining from the prior repurchase authorization, bringing the total available amount under the program to approximately $196 million.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its product portfolio, independent business opportunity and corporate social responsibility initiatives. Nu Skin's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its patent-pending ageLOC™ anti-aging platform and flagship products including the Galvanic Spa® System II, Tru Face® Essence Ultra and LifePak® nano. A global direct selling company, Nu Skin operates in 50 markets worldwide and has more than 765,000 active distributors. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS."
Safe Harbor Statement
Please note: This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represent the company's current expectations and beliefs, including, among other things: (i) management's positive outlook for the company; and (ii) management's beliefs regarding stock repurchases and dividends. The forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed herein. These risks and uncertainties include, but are not limited to: (a) the company may decide to repurchase fewer shares than authorized, as management continually assesses the financial position of the company and other strategic considerations; (b) the company's cash flows, cash position and ability to repurchase stock in the future may be weakened by such factors as negative market conditions, any failure of current or planned initiatives, and regulatory risks associated with the company's business model, products and tools. The company's financial performance and the forward-looking statements contained herein are further qualified by a detailed discussion of associated risks set forth in the documents filed by the company with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K filed on March 1, 2010 and Quarterly Report on Form 10-Q filed on May 7, 2010. The forward-looking statements set forth the company's beliefs as of the date of this release, and the company assumes no duty to update the forward-looking statements contained in this release to reflect any change except as required by law.
SOURCE Nu Skin Enterprises, Inc.