Herbalife HLF today issued
the following statement:
We have more than 15,000 members and many more thousands of satisfied
customers in Illinois. We will continue to provide the outstanding products
and services that they have come to expect from Herbalife over the past
three decades. We will always support the good work of our members.
We are confident in the integrity of our longstanding business and the
Company's compliance with applicable laws and regulations. We look forward
to working with the Illinois Attorney General's office to resolve the
consumer complaints it has received.
About Herbalife Ltd.
Herbalife Ltd. HLF is a global nutrition company that sells
weight-management, nutrition and personal care products intended to support a
healthy lifestyle. Herbalife products are sold in more than 90 countries to
and through a network of independent members. The Company supports the
Herbalife Family Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's website contains a significant amount of
financial and other information about the company at http://ir.Herbalife.com.
The company encourages investors to visit its website from time to time, as
information is updated and new information is posted.
FORWARD-LOOKING STATEMENTS
Although we believe that the expectations reflected in any of our
forward-looking statements are reasonable, actual results could differ
materially from those projected or assumed in any of our forward-looking
statements. Our future financial condition and results of operations, as well
as any forward-looking statements, are subject to change and to inherent risks
and uncertainties, such as those disclosed or incorporated by reference in our
filings with the Securities and Exchange Commission. Important factors that
could cause our actual results, performance and achievements, or industry
results to differ materially from estimates or projections contained in our
forward-looking statements include, among others, the following:
o any collateral impact resulting from the ongoing worldwide financial
environment, including the availability of liquidity to us, our customers
and our suppliers or the willingness of our customers to purchase products
in a difficult economic environment;
o our relationship with, and our ability to influence the actions of, our
Members;
o improper action by our employees or Members in violation of applicable
law;
o adverse publicity associated with our products or network marketing
organization, including our ability to comfort the marketplace and
regulators regarding our compliance with applicable laws;
o the outcome of inquiries from regulatory authorities;
o changing consumer preferences and demands;
o our reliance upon, or the loss or departure of any member of, our senior
management team which could negatively impact our Member relations and
operating results;
o the competitive nature of our business;
o regulatory matters governing our products, including potential
governmental or regulatory actions concerning the safety or efficacy of
our products and network marketing program, including the direct selling
market in which we operate;
o legal challenges to our network marketing program;
o risks associated with operating internationally and the effect of economic
factors, including foreign exchange, inflation, disruptions or conflicts
with our third party importers, pricing and currency devaluation risks,
especially in countries such as Venezuela;
o uncertainties relating to the application of transfer pricing, duties,
value added taxes, and other tax regulations, and changes thereto;
o uncertainties relating to interpretation and enforcement of legislation in
China governing direct selling;
o uncertainties relating to the interpretation, enforcement or amendment of
legislation in India governing direct selling;
o our inability to obtain the necessary licenses to expand our direct
selling business in China;
o adverse changes in the Chinese economy, Chinese legal system or Chinese
governmental policies;
o our dependence on increased penetration of existing markets;
o contractual limitations on our ability to expand our business;
o our reliance on our information technology infrastructure and outside
manufacturers;
o the sufficiency of trademarks and other intellectual property rights;
o product concentration;
o changes in tax laws, treaties or regulations, or their interpretation;
o taxation relating to our Members;
o product liability claims;
o whether we will purchase any of our shares in the open markets or
otherwise; and
o share price volatility related to, among other things, speculative trading
and certain traders shorting our common shares.
We do not undertake any obligation to update or release any revisions to any
forward-looking statement or to report any events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events, except as
required by law.
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