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SOURCE CVSL Inc.
DALLAS, Oct. 8, 2013 /PRNewswire/ -- CVSL Inc. [stock symbol: CVSL] announced today that it will open a European headquarters in Luzern, Switzerland and that it is forming a Swiss company, CVSL AG, to oversee its business in Europe.
Agel Enterprises, which has entered into an asset purchase agreement with CVSL under which CVSL will acquire Agel's domestic and foreign holdings, sells nutritional and skin care products and has an extensive sales presence in Europe and Russia. CVSL's headquarters in Switzerland will help facilitate Agel's European operations, according to John Rochon Jr., CVSL's vice chairman.
"Switzerland is the perfect domicile from which CVSL can manage the growth of our companies in Europe," said Mr. Rochon. "Not only Agel, but eventually the other CVSL companies will benefit from our having a presence in the financial center of Europe. Switzerland's highly favorable business and tax environment make it the best choice for our European operations," he added.
"We believe that having a Swiss presence will be useful for every aspect of our CVSL business. For a company that is serious about European growth, having a location in Switzerland and close proximity to the Swiss financial markets provides important shared advantages," Mr. Rochon added.
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.
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. These statements are only expectations and involve known and unknown risks, uncertainties, and other factors, including the risks outlined under "Risk Factors" in our Annual Report on Form 10-K for our fiscal year ended December 31, 2012, our Forms 10-Q, including the one issued for the period ending June 30, 2013 and those 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.
CVSL Media Contact: Russell Mack (firstname.lastname@example.org)
CVSL Investor Relations Contact: Scott Pumper (email@example.com)
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