We just received this info and thought it would be very worth while to pass on.
Dear Editors,
I wanted you to have this information straight from the horses mouth. Perhaps you have received it already.
******
An Important Message from Our Founder
Hello, USANA Family. I have something very important that I wanted to share with you personally. I want to say that I am sorry that you have had to struggle through some challenges over the last 13 months, as your business was attacked for others’ financial gain. It has pained me that there was so little I could do to shield you from the unscrupulous lies and deception that you were subjected to. The short sellers have made an art and a living out of distorting the facts and profiting off fear.
I am here today to tell you that I have decided to take USANA private. I am about to take on the biggest challenge of my professional career, and I’m excited to do so. I am personally taking the steps necessary to buy out all of the outstanding shares in USANA. I am doing this because I believe so much in the vision of USANA and you, our Associates, that I want to do what I can to protect you and your business.
We want to manage this great company for your benefit, and not those on Wall Street. Their only concern is the next quarter, and when to get in and out of the stock. We won’t have to deal with the detractors who are after financial gain by spreading false rumors and creating fear. There really is very little benefit to USANA being a public company, and so much more we can do for you, the USANA Family, without Wall Street’s short-term view and demand for profits, above all. I have committed to putting everything I have, and can borrow into USANA, so we can focus USANA’s resources to continuing to make a difference in peoples’ lives.
We are here for the long-term, as there is so much more we need to do for mankind. May you live life to its fullest, in happiness and health.
Dr. Myron Wentz
Founder & Chairman
USANA Health Sciences, Inc.
USANA Health Sciences, Inc. 3838 W. Parkway Blvd Salt Lake City, UT 84120 U.S.A.
I must say I think this is a GREAT step for the company to be taking and I applaud this in many ways. Having run a public company myself, I am all too familiar with not only the value of being public but also the distractions and sometimes negative aspects as well. USANA has indeed been through a lot just in terms of compliance and having to deal with issues like the one we reported on with MinCOW. By being a public entity, Dr. Wentz will be afforded the opportunity to focus on growing the company through its core values and the development and support of great products.
Having been through this process, while it is not easy and may not be immediately supported by some, it is by far the best news this company has produced in years! I firmly believe that this will only help the company in ways it never imagined.
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