HERBALIFE LTD has added a news release to its Investor
Relations website.
Title: Herbalife Receives Approval for Five Provincial Direct-Selling
Licenses in China
Date: 7/20/2008 10:26:00 PM
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LOS ANGELES--(BUSINESS WIRE)--July 20, 2008--Herbalife
Ltd. (NYSE:
HLF), a global nutrition and direct selling company, announced that
China's Ministry of Commerce has granted five additional licenses for
the company to conduct direct-selling business in the provinces of
Beijing, Guangdong, Shandong, Zhejiang and Guizhou. All licenses are
effective immediately, except Beijing which will be activated after
the company opens service outlets.
Herbalife received its first direct-selling license in
China in
March 2007 for the cities of Suzhou and Nanjing in the Jiangsu
province. An additional license was granted in July of the same year
to conduct business throughout the entire province.
"We are honored to receive these additional licenses
from the
Chinese government," said Herbalife Chairman and CEO Michael O.
Johnson. "We appreciate this opportunity to expand our business in
this important marketplace."
The company today also announced the opening of its
store in
Shanghai. Herbalife now operates 91 retail stores in 30 provinces in
China.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global network marketing
company
that sells weight-management, nutrition, and personal care products
intended to support a healthy lifestyle. Herbalife products are sold
in 65 countries through a network of more than 1.8 million independent
distributors. The company supports the Herbalife Family Foundation and
its Casa Herbalife program to bring good nutrition to children. Please
visit Herbalife Investor Relations for additional financial
information.
CONTACT: Herbalife Ltd.
Media Contact
George Fischer, VP, Corp Comm.
310-410-9600 x32649
or
Investor Contact
Andrew Speller, VP, Investor Relations
310-410-9600 x32862
SOURCE: Herbalife Ltd.
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