Multilevel marketing ? ForeverGreen is struggling financially and being sued by vendor

by louabbott on April 23, 2009

Trading Markets – Published April 23, 2009

A 5-year-old Orem-based network marketing company is struggling under the twin challenges of financial losses and a legal attack by a vendor that is turning itself into a competitor.

ForeverGreen Worldwide Corp., a seller of natural food, nutritional supplements and personal-care products, lost $1 million in 2008, had a deficit of $1.8 million in cash available for daily operations and ended the year with a deficit of $18 million accumulated over its five years of operation, according to its report filed this month with the Securities and Exchange Commission.

In addition, Wellosophy of Folsom, Calif., has sued in federal court alleging ForeverGreen has failed to pay it about $75,000 for supplying a weight-loss product. The suit also claims the Utah firm is violating its contract by continuing to market the product and it asks for an injunction.

Read the entire article at Trading Markets

Also, read our company overview:  ForeverGreen Facts, News and Review

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{ 1 comment… read it below or add one }

Bill Toebes December 10, 2010 at 4:23 pm Thumb up 0 Thumb down 0

Hey why not have your own.I have been a research chemist for 40 years and have done hundreds of formulas which are GREEN.I have made my own product to help cure some nasty c things on my skin.A similar product for cellular regeneration is sold for 6000 dollars a treatment.Mine is going tot be given away for a contribution of some dollars to help me build a garbage to oil system.There all sort of guys like me who have the experience and could whip out formulas on demand.

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