HERBALIFE LTD has added a news release to its Investor
Relations website.
Title: Herbalife Announces Receipt of Letter from the
SEC Regarding No Enforcement Action Recommended
Date: 6/25/2008 7:32:00 PM
For a complete listing of our news releases, please click
here
LOS ANGELES, Jun 08, 2008 (BUSINESS WIRE) -- Testing conducted at a
leading independent laboratory has confirmed that Herbalife products do
not contain levels of lead that would require labeling under California
Proposition 65 disclosure requirement. The company added to its ongoing
compliance program by conducting extensive retesting of multiple
product batches at the prestigious independent laboratories Covance
(for U.S.) and Eurofins (for EU) before responding to recent
allegations.
There was never any health or safety issue with
Herbalife products. Inaccurate and misleading information released by a
group that calls itself an independent fraud-discovery organization led
to sensational media and online news coverage. The group's founder
Barry Minkow admits profiting from "puts" on Herbalife stock.
"It's very easy to create fear by using words like
'lead' and 'dangerous' together," said Herbalife Chief Scientific
Officer Steve Henig, Ph.D. "and then add the word 'children' to make it
even scarier. It's a fact that many natural and processed foods
including vegetables and dairy products as well as our products, which
are made with natural ingredients, contain extremely small amounts of
naturally occurring lead that can be detected by today's highly
sensitive analytical methods but are insignificant in posing any risk
to consumers."
In response to an additional misleading news release
from the Minkow group, Herbalife clarifies that Peruvian authorities
are not "leaning towards a ban of all Herbalife products." All
Herbalife products are in compliance with DIGESA's and DIGEMID's (both
are part of the Peruvian Ministry of Health) regulations, and are
approved and certified for sale by these government entities. There has
been no issue with the Peruvian authorities. The sensational headlines
citing 'excessive lead' did prompt inquiries from authorities in
Singapore, Poland and Hong Kong, all of which were resolved when the
facts were presented.
Herbalife stands behind the safety and benefits of its
products and the value of its direct-selling business opportunity for
those who want to earn part-time or full-time income working from home.
The company will continue to defend its reputation against those who
seek to profit from negative news about the company.
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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