Nu Skin Celebrates Record-Breaking Global Convention
October 29 2009 - 8:00PM
PR Newswire (US)
Global Launch of Anti-aging Science and Products Represents 'Sweet
Spot' for Distributor Business Opportunity PROVO, Utah, Oct. 29
/PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. (NYSE:NUS)
concluded its 25th Anniversary Convention in Los Angeles with
record attendance, record product sales and record contributions to
its nonprofit foundation. The biannual global distributor
convention attracted more than 12,000 distributors from the
company's 48 international markets. The largest delegations of
sales representatives came from the United States, Japan and Korea.
"ageLOC represents the biggest global product launch in Nu Skin
history," said Truman Hunt, Nu Skin president and chief executive
officer. "Sales force enthusiasm for our new ageLOC daily skin care
system produced unprecedented demand with sales exceeding our most
liberal revenue projections. By developing products with an
understanding of the genetic basis of aging through our proprietary
ageLOC science, we believe we are continuing to provide the premier
anti-aging business opportunity for our sales representatives --
one that represents a 'sweet spot' by leveraging a growing global
megatrend with exclusive and scientifically validated products that
help people look and feel young." In addition to the new ageLOC
product lineup, the company also launched several business
marketing tools including an online opportunity video focusing on
planning for the future
(http://www.youtube.com/nuskincorporate#p/u), new smart phone
applications and an aging simulator tool to help start
conversations on anti-aging products. The company's web site also
received a facelift and is available at http://www.nuskin.com/.
ageLOC Product Introductions The company unveiled a lineup of
revolutionary anti-aging products -- a comprehensive daily skin
care system that is clinically tested to transform skin to reveal a
more youthful appearance beginning after just seven days of use.
The ageLOC Transformation set is infused with ingredients that
represent next generation anti-aging skin care science to target
the sources, as well as the signs, of aging. The set is comprised
of four products designed to reduce the appearance of aging in the
skin. The star product, ageLOC Future Serum, combines the benefits
of many different anti-aging products to reveal younger looking
skin in eight key ways beginning in just seven days. Other products
in the set include ageLOC Gentle Cleanse & Tone, ageLOC Radiant
Day SPF 22 and ageLOC Transforming Night. ageLOC daily skin care
products will be available globally in the first half of 2010, led
by launches in Japan, North America and Europe in January and
followed soon thereafter in South Korea, Greater China and
Southeast Asia. New Research Partnerships Nu Skin also announced
two key research partnerships with Stanford University and LifeGen
Technologies. Researchers at Stanford have focused on profiling
gene expression during human development and aging, and have also
explored novel modes of gene control in aging skin. Nu Skin's
agreement with Stanford aims to increase the understanding of
fundamental aging mechanisms in humans by translating insights from
basic science into human application. The agreement also includes
access to Stanford's expertise in dermatological clinical trials.
Nu Skin will also collaborate with LifeGen in an exclusive
agreement by leveraging LifeGen's proprietary methods regarding
gene expression profiling and pathways affected by aging. LifeGen
was co-founded in November 2000 by Richard Weindruch, Ph.D., and
Tomas Prolla, Ph.D., professors at the University of
Wisconsin-Madison and leaders in the fields of gerontology and
genetics. The mission of LifeGen Technologies is to discover the
genetic basis of the aging process with the ultimate goal of
increasing a healthy life span. LifeGen's pioneering research has
resulted in several pending patents, and ongoing research
undertaken in collaboration with Nu Skin is expected to yield
further important intellectual property. LifeGen's patent for the
use of "gene expression profiling" as a method to measure the
progression of the aging process at the molecular level in
individual organs is expected to be a key component of the
partnership. The Nu Skin and Pharmanex labs in Provo, Utah, have
been renamed to "Nu Skin Enterprises Center for Anti-aging
Research" to focus on the company's premier anti-aging science for
development of both personal care and nutritional products.
Similarly, the company's scientific advisory boards have been
combined to create the Nu Skin Anti-aging Scientific Advisory
Board, with the addition of two key scientists, Drs. Weindruch and
Prolla from LifeGen Technologies. Nu Skin Corporate Social
Responsibility As part of its mission to be a force for good in the
world by improving lives, Nu Skin's "force for good" culture is a
key component of the company's brand and includes a nonprofit
foundation, a social business initiative and outreach efforts in
local markets around the world. On the eve of the convention, the
Nu Skin Force for Good Foundation hosted a fundraising gala in the
historic Millennium Biltmore hotel in downtown Los Angeles. With
approximately 500 guests in attendance, the Foundation raised more
than US$750,000. One hundred percent of donations are used for
projects around the world that offer hope for children to have a
life free from disease, illiteracy and poverty
(http://www.forceforgood.org/). California Governor Arnold
Schwarzenegger made a surprise appearance at the closing session of
the convention and accepted a US$100,000 grant from the Nu Skin
Force for Good Foundation to help fund after-school programs in
California. The Company For 25 years, Nu Skin Enterprises, Inc. has
been demonstrating its tradition of innovation through its
comprehensive anti-aging 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 unique ageLOC(TM) science that addresses aging at its source.
The company's anti-aging product portfolio features the new ageLOC
daily skin care system and Future Serum, as well as the Galvanic
Spa® System II, Tru Face® Essence Ultra, LifePak® nano and the g3
nutrition beverage. A global direct selling company, Nu Skin
operates in 48 markets worldwide and has more than 750,000
independent sales representatives. Nu Skin Enterprises is traded on
the New York Stock Exchange under the symbol "NUS." More
information is available at http://www.nuskin.com/. 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) expectations regarding the
company's development and launch of new products, and other
innovation efforts; and (ii) expectations and beliefs regarding the
company's research collaboration with Stanford University and
LifeGen Technologies. 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) any risks that the company's
development and launch of new products may differ from
expectations; (b) regulatory risks associated with the company's
products, which could inhibit the company's ability to market such
products in a market if such products are classified as a drug, or
if the company is unable to obtain necessary product registrations
in a timely manner; (c) any risks that Stanford University's or
LifeGen Technologies' intellectual property, ongoing research or
collaboration with the company may differ from expectations or fail
to provide anticipated results. 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 February 27, 2009 and
Quarterly Reports on Form 10-Q filed on May 8, 2009 and August 7,
2009. 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.
DATASOURCE: Nu Skin Enterprises, Inc. CONTACT: Kara Schneck,
+1-801-345-2116, , or Jordan Karpowitz, +1-801-345-2187, , both of
Nu Skin Enterprises, Inc. Web Site:
http://www.nuskinenterprises.com/
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