DALLAS, Feb. 6, 2014 /PRNewswire/ -- CVSL Inc. [OTCQB:
CVSL] announced today that Richard
Holt has been named vice president of finance and
controller.
Mr. Holt has for the past two and a half years served as chief
financial officer at Agel Enterprises, which became part of CVSL
last September. He previously spent five years as corporate
controller for Raser Technologies, Inc. in Provo, Utah. During a previous stint at
Agel, he was instrumental in the early stages of that company's
development.
His 13-year experience working at the corporate headquarters of
such industry giants as Amway and NuSkin has given him a
comprehensive understanding of the financial operations within the
micro-enterprise sector. He is a certified public accountant,
which he earned while working at Price Waterhouse in Los Angeles. He graduated from the
University of Utah with a Masters in
Business Administration and a Bachelors degree in accounting.
"Bringing Richard into this key role in CVSL's finance team is
another important step as we continue ramping up to grow by
acquisition and as we effectively manage the companies within
CVSL," said John Rochon Jr., CVSL's
vice chairman. "Richard has a strong background in the
micro-finance sector and he will be an important part of our
finance team's leadership.
"As we continue growing and as additional companies become part
of CVSL, we will continue to make sure that we have all the
necessary financial controls in place to support our expansion,"
Mr. Rochon added.
In his new role, Mr. Holt will report to CVSL's chief financial
officer, Kelly Kittrell.
About CVSL
CVSL is a growing group of micro-enterprise companies that
connect social media networks into an ever-expanding virtual
"community" of social commerce. CVSL companies currently include
The Longaberger Company, a 40-year old maker of hand-crafted
baskets and other home decor items; Your Inspiration At
Home, an award-winning maker of hand-crafted spices and other
gourmet food items from around the world; Tomboy Tools, a
direct seller of tools designed for women as well as home security
systems; and Agel Enterprises, a global seller of
nutritional products in gel form as well as a skin care line sold
under the Ageless™ brand, operating in 40 countries;
Paperly, which offers a line of custom stationery and other
personalized products; My Secret Kitchen, a U.K.-based
seller of gourmet food products; and Golden Girls,
which purchases gold and tradable jewelry.
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. Such statements include statements
regarding our anticipated revenues, and our growth. 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; our growth may
not continue as anticipated and our revenue may not be as expected
and 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 September 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 (rmack@cvsl.us.com)
CVSL Investor Relations Contact: Scott Pumper (scottp@cvsl.us.com)
SOURCE CVSL Inc.