Posts Tagged ‘Dave Wentz’

USANA has just unveiled two new products that they are hoping will rev up their product offerings. USANA CEO Dave Wentz made the announcement at USANA’s 16th annual International Convention which is currently being held in Salt Lake City.

Over 8,000 distributors were on hand at the Energy Solutions Arena to see the unveiling of Rev3 Energy and Rev3 Energy Surge. Two new products that they are hoping will be healthy alternatives to current energy drinks that are on the market.

Wentz , who is known for his active lifestyle, asked the company’s scientists to develop a healthy energy formula after trying many that were on the market and noticing that they provided no nutritional value, had tons of sugar, and caused him to crash.

The new Rev3 products are green tea based product and contain USANA’s patented olive fruit extract, Olivol. Rev 3 Energy comes in a can while the Rev 3 Energy Surge is a pack that comes with easy to carry sticks which can be mixed into any water bottle. Usana says that the new product provides tons of energy and is also an efficient dietary supplement. The products are all natural, and contain no artificial flavors, colors sweeteners or preservatives.

“This is a product that will appeal to a wide audience,” Wentz said. “Rev3 is a healthy alternative to today’s energy drinks, and USANA is excited to finally be able to offer this type of product to our associates.”

No word yet on when the products will become available to consumers, but we have gotten our hands on the pricing for the products and this should be an exciting and profitable edition to the vast line of USANA nutritional products.

REV3 Energy (12 cans)
$66.00 retail
$61.11 wholesale
$55.00 autoship wholesale

REV3 Energy (24 cans)
$112.50 retail
$104.17 wholesale
$93.75 autoship wholesale

REV3 Energy Surge Pack (14 stick packs)
$35.94 retail
$33.28 wholesale
$29.95 autoship wholesale

REV3 Energy Surge Pack (28 stick packs)
$63.54 retail
$58.33 wholesale
$52.95

Check out the video that appeared at the convention to launch the new energy products

Popularity: 18% [?]

USANA has just unveiled their Million Dollar Club Walk of Fame, which recognizes distributors who have earned over a million in commission through their USANA businesses.

The new Walk of Fame will be located at the entrance of the USANA headquarters located in Salt Lake City.

USANA honored and recognized almost 100 independent distributors who have made it to the Hall of fame. USANA founder Myron Wentz, along with CEO Dave Wentz, recently recognized the distributors in a special ceremony where each was presented with an engraved granite star.

“Our Million Dollar Club members are truly the stars of USANA, so we wanted to give them the star treatment,” USANA CEO Dave Wentz explained. “Through hard work, dedication, and entrepreneurial spirit, these Associates have shown that great things can be achieved through a USANA home-based business.”

As new distributors make it to that amazing $1 million dollar mark, their names too will be added to the walk of fame. The Million Dollar Club Event was held in conjunction with the 16th Annual USANA International Convention which is being held this weekend in Salt Lake.

Popularity: 8% [?]

USANA will be holding their annual convention next weekend in Salt Lake City. The 16th Annual Convention, which will take place August 27th- 30th will be held at the EnergySolutions Arena and the Salt Palace Convention Center. The health and nutritional supplement company expects over 8,000 people to be in attendance this year.

On tap to speak at the convention this year will be some popular authors as well as some big names in the Network Marketing Industry. Tim Sales, world renowned Network Marketing Industry expert, will speak to attendees on how to be successful and increase their business.

Also speaking to attendees will be several famous authors; ‘Rich Dad, Poor Dad’ author Robert Kiyosaki will be on hand as will Paul Zane Pilzer, best selling author of ‘The New Wellness Revolution’ and ‘How to Make a Fortune in the Next Trillion Dollar Industry. USANA will also welcome Dr. Denis Waitley, author of ‘The Dragon and the Eagle’ who will speak to conventioneers about the book and Chinese-American Relations.

The convention will also serve as a platform for USANA to unveil an exciting new product to its distributors.

Along with product announcements, and guest speakers, the conference will serve as a learning opportunity for the distributors with plenty of business and health seminars to attend over the span of the three day conference.

“Each year, USANA’s international convention attracts more people from all over the world,” USANA CEO Dave Wentz said. “I’m confident this convention will be the best one yet, with the launch of additional high-quality products and remarkable presentations by some of the world’s most successful entrepreneurs.”

Popularity: 7% [?]

The announcement yesterday that USANA has promoted Dave Wentz to CEO from President seems like good news for the company but also may require some further examination into other positions Wentz has as well.

As we reported last month, Wentz was appointed the Direct Selling Association’s new Chairman. While the news seemed a bit harmless at the time (Wentz was President of USANA when the announcement was made and not an officer of the Company) it does now represent some questions as to whether or not there may be a conflict of interest or questions about corporate governance with him now serving both roles.

While the overall role of the DSA remains a bit sticky to us (after the Weekenders debacle and the DSA having no information to provide at all about what happened - even after several repeated requests to the company), it does beg to ask, should an active CEO of a publicly traded company that also serves as Chairman of an organization that lists its competitors as members be acceptable?

The DSA does not list any information on its site about what it takes to be the Chairman of the organization, nor does it disclose how much money any of the organizations donate or pay over the year for the privilege to say they are part of the DSA other than to vaguely express that membership dues are based on the yearly total of direct sales a company generates. This does not include any retail or catalogue sales a company may have, only the direct selling portion of the business.

In a show of good corporate governance and disclosure, I absolutely think that the DSA should list (or at least provide access to) how much money a participating organization donates/gives to them on an annual basis - especially those that are public. What is a bit more ironic is that the DSA announced a “DSA Ethics and Self Regulations Committee Teleconference” is scheduled for next week but of course, no media is allowed. Then again, why would any media be allowed to a Self Regulation conference?

Which gets me back to the original question…as the CEO of a publicly traded company things like ethics and regulatory issues are all public information and fall under the guidelines of corporate governance. While I recognize that the DSA is neither public nor demanded to make any of their financial information public, since they are organized to not only “protect and serve” the interests of the public and the companies in which they are made up of, why be so secretive and not make the information available - especially since its new Chairman must do so in his other job. The joint positions that Dave Wentz now holds do raise questions of a conflict of interest. We have no question about his ability to serve in his current roles nor his ability to do so at the highest level and garner great success, however as the newly appointed CEO and officer of a publicly traded company, should he also be the Chairman of an organization that determines whether or not companies which are competitive to his own are accepted or rejected? hmmm

Popularity: 6% [?]

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