International Business TimesCommerce Energy Group, Inc. said today that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and adjusted for final customer count, to be received on or before November 24, 2008 and deferred payments over a 24-month period estimated to be $3.6 million.
"This is a significant, positive step in both paying down debt as well as strengthening the core platform of the company," said Commerce chief operating officer, Michael Fallquist. "We found a buyer in Ambit that shares our commitment to great technology, products and customer service. Ambit has agreed to preserve the terms and conditions of the customer contracts and this transaction will be seamless to all our customers.
Web WireOf all of the rich and decadent foods consumers have to choose from, chocolate is by far one of the most popular. The sweet and creamy treat has been eaten by billions of people all over the world for centuries. And while it’s often perceived as indulgent and fattening, chocolate actually has a number of health benefits. Xocai, one of the health food industry’s fastest growing brands is now helping consumers enjoy the amazing taste of chocolate, without the guilt and negative impacts. By combining all natural unprocessed chocolate with the acai berry and other fruits, the Xocai line of products is changing the way consumers perceive chocolate, and making it possible for health-conscious individuals to indulge while still watching maintaining good health.
Chocolate is made from seeds from the cacao tree, which is native to South America. Throughout much of the world’s history, it has been treasured as a luxury good, and was previously used in a resistance building, fatigue fighting drink called Xocolatl by the Mayans and the Aztecs, and later by the European elite. Chocolate is still noted for its health boosting benefits today, and many modern scientists will attest to that fact. According to a research presented at a conference held by the American Association for the Advancement of Sciences, chocolate can help to prevent or remedy a number of common ailments, including high blood pressure. Chocolate is also rich in antioxidants, which help to prevent or slow the oxidative damage to the body, and prevent related diseases, such as heart disease, diabetes, cancer and macular degeneration.
PR WebBrilliant Exchange, Inc. launched a new site, www.FirstClassMLMTools.com, on October 31. The new site design and URL present an ideal for MLM businesspeople: a 'First Class' level of business know-how, ethics and operations. At the same time, the recent growth in the sales of MLM training products is a 'light at the end of the tunnel' for the economy. The web site www.brilliantexchange.com has been popular for many years as the home of Tim Sales and his MLM training tools. This site and the products it sells have been seen by millions of people and have helped hundreds of thousands of network marketers improve their business skills.
Mr. Sale's signature video, Brilliant Compensation, has been used to help introduce people to network marketing for nearly 10 years. Its perennial success in a field where most training materials have a life expectancy measured in months has confounded the experts. Other tools created by Tim and presented now at the new site, www.FirstClassMLMTools.com have also developed a following that practically guarantees a long shelf life.
Forbes.comShares of nutritional and weight-loss supplements maker Herbalife Ltd. plunged Tuesday after the company disappointed Wall Street with a weaker-than-expected outlook.
Shares fell $5.99, or 23.5 percent, to $19.46 in Tuesday trading. The stock reached a near four-year low of $17.23 earlier in the trading session.
On Monday, the Los Angeles-based company reported third-quarter profit topping Wall Street forecasts on sales growth in the U.S., Brazil, China and Italy. But, it said the dollar's recent sharp appreciation against major world currencies will hurt fourth-quarter results.
Daily HeraldXanGo LLC, a Lehi nutritional supplement maker, named Scott Smith its senior vice president.
Smith, who will report to company President Craig Hale, will lead a new distributor relations department. Russ Fletcher was appointed vice president of information technology.
Dallas Morning NewsMannatech Inc., a maker of dietary supplements and skin care products, said Tuesday that the Securities and Exchange Commission has informed the company it will not face civil action related to the dismissal of its accountant.
Coppell-based Mannatech said in September that the SEC had informed the company it was conducting an informal inquiry into the dismissal of its public accountant, Grant Thornton, in October 2007.
Inside CosmeceuticalsNu Skin Enterprises has incorporated a new anti-aging technology, ageLOC™, into its skin care products; the technology works to slow the effects of enzymatic breakdown and visibly benefit skin texture and tone. According to the company, scientists from Nu Skin and Purdue University worked collaboratively on developing the ageLOC technology, which is designed to inhibit age-related NADH oxidase (arNOX), a free radical generator that increase in activity with age. The enzyme is found on external cell membranes, including in the epidermis, and higher levels of arNOX are associated with increased oxidative damage and breakdown of skin integrity.
