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[STK] NYSE:NUS
[IN] FIN CPC REA HOU
[SU] CCA
TO BUSINESS, HEALTH, AND RETAILING EDITORS:
Nu Skin Provides Update On China Operations
PROVO, Utah, April 19, 2014 /PRNewswire/ -- Nu Skin Enterprises, Inc.
(NYSE: NUS) announced today that Nu Skin China plans to immediately
resume corporate-hosted business meetings and will begin accepting
applications for new sales people on May 1, 2014.
"China is an important marketplace for Nu Skin and we are committed to
operating in full compliance with China's direct selling regulations
to promote long-term success," said Dan Chard, president of global
sales and operations. "We plan to continue working cooperatively with
regulatory agencies and refine our training procedures to further
educate our sales force on local laws and company policies."
In addition, Nu Skin will report first quarter 2014 results before the
market opens on May 6, 2014 and expects to provide updated guidance at
that time. The Nu Skin management team will host a conference call
with the investment community later that same day beginning at 11 a.m.
(EDT). During the call, participants will hear management discuss past
results and upcoming business initiatives. The webcast of the
conference call, including the financial information to be presented,
will be available on the investor section of the company's website
at ir.nuskin.com. A replay of the webcast will be available at the
same location through Friday, May 16.
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation
through its comprehensive anti-aging product portfolio, independent
business opportunity and corporate social responsibility initiatives.
The company's scientific leadership in both skin care and nutrition
has established Nu Skin as a premier anti-aging company. The company's
anti-aging products feature the new ageLOC line of products including
the ageLOC@ TR90T weight management and body shaping system, ageLOC@
R2 nutritional supplement, and ageLOC@ Transformation daily skin care
system. A global direct selling company, Nu Skin operates in 53
markets worldwide and is traded on the New York Stock Exchange under
the symbol 'NUS'. More information is available at
Please Note: This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended that represent the company's current expectations and beliefs.
All statements other than statements of historical fact are
"forward-looking statements" for purposes of federal and state
securities laws and include, but are not limited to, statements
regarding the resumption of corporate-hosted business meetings, and
the acceptance of applications for new sales people; statements
relating to the company's training, compliance and government
relations efforts in China; statements of management's beliefs and
expectations regarding China's market; other statements of belief; and
statements of assumptions underlying any of the foregoing. In some
cases, you can identify these statements by forward-looking words such
as "believe," "expect," "project," "anticipate," "estimate," "intend,"
"plan," "targets," "likely," "will," "would," "could," "may," "might,"
the negative of these words and other similar words.
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, the following:
-- risk that continuing media and regulatory scrutiny and
investigations in China, and any actions taken by the company or by
regulators, could negatively impact the company's revenue, sales force
and business in this market, including the interruption of sales
activities, loss of licenses, and the imposition of fines, and any
other adverse actions or events;
-- risk of unanticipated delays, complications or other difficulties
in resuming corporate-hosted business meetings and the acceptance of
applications for new sales people in China;
-- risks related to negative publicity regarding recent media
allegations and subsequent regulatory investigations and fines;
-- risk that direct selling regulations in China may be modified,
interpreted or enforced in a manner that results in negative changes
to our business model or the imposition of a range of potential
penalties;
-- risks associated with our business in China, including any
operating mistakes and errors, inadequate customer service and
inappropriate claims or promotions by our sales force.
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. The forward-looking statements
set forth the company's beliefs as of the date that such information
was first provided 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.
-0- 04/19/2014
/CONTACT: Investors, Scott Pond, (801) 345-2657, spond@nuskin.com, or Media, Kara Schneck, (801) 345-2116, kschneck@nuskin.com
/Web Site: http://www.nuskin.com
(NYSE:NUS) /
CO: Nu Skin Enterprises, Inc.
ST: Utah China
IN: FIN CPC REA HOU
SU: CCA
PRN
-- LA08684 --
0000 04/19/2014 10:00:00 EDT http://www.prnewswire.com
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