Reliv

From Wikipedia, the free encyclopedia - View original article

Reliv International, Inc.
TypePublic
Traded asNASDAQRELV
IndustryNutrition & Skin Care products
Founded1988 (1988)
Founder(s)Robert and Sandra Montgomery
HeadquartersSt. Louis, MO, United States
Area servedInternational
Key peopleRobert Montgomery (Chairman, President, CEO)
ProductsDietary supplements, weight management, personal care
RevenueDecrease US$ 73.88 million (2011)
Operating incomeDecrease US$ 1.745 million (2011)
Net incomeDecrease US$ 1.048 million (2011)
Total assetsDecrease US$ 24.419 million (2011)
Total equityDecrease US$ 14.486 million (2011)
EmployeesDecrease 205 (2010)[1]
Websitewww.reliv.com
 
Jump to: navigation, search
Reliv International, Inc.
TypePublic
Traded asNASDAQRELV
IndustryNutrition & Skin Care products
Founded1988 (1988)
Founder(s)Robert and Sandra Montgomery
HeadquartersSt. Louis, MO, United States
Area servedInternational
Key peopleRobert Montgomery (Chairman, President, CEO)
ProductsDietary supplements, weight management, personal care
RevenueDecrease US$ 73.88 million (2011)
Operating incomeDecrease US$ 1.745 million (2011)
Net incomeDecrease US$ 1.048 million (2011)
Total assetsDecrease US$ 24.419 million (2011)
Total equityDecrease US$ 14.486 million (2011)
EmployeesDecrease 205 (2010)[1]
Websitewww.reliv.com

Reliv International, Inc. or Reliv, is an international multilevel marketing company that manufactures and distributes dietary supplements. The company is based in Chesterfield, Missouri, and its products are sold through a network of independent contractor distributors.[2][3]

Contents

History

Reliv was founded in 1988 by Robert and Sandy Montgomery. The Montgomerys licensed a nutritional formula developed by Dr. Theodore Kalogris in the early 1980s. The formula, called Reliv Classic, became Reliv’s first product and was granted US Patent number 4,737,364 in 1988.[4]

In the next two decades, the company expanded its sales operations to various countries around the world.[5] In 1993, Reliv became a publicly traded company on the American Stock Exchange and three years later, the company moved to the NASDAQ under the ticker symbol RELV. The Great Flood of 1993 flooded the company’s headquarters and put a temporary halt to production. The company broke ground on a $4 million headquarters expansion in 1997. It was completed in 1998.[5]

Reliv Founder and CEO Robert Montgomery was recognized by Ernst and Young as the Missouri Entrepreneur of the Year in 2003.[citation needed] Reliv was ranked number 3 of the "Top 100 International Companies" in International Business Magazine.[5][unreliable source?] In 2003, BusinessWeek magazine included Reliv International on its list of the "Top 100 Small Growth Companies" (Reliv was also included on the list in 2005, 2006 and 2007).[5][unreliable source?] In 2005, Reliv International ranked number 11 on Forbes Magazine’s "200 Best Small Companies" list and ranked number 14 in 2006.[citation needed]

Products

Reliv has four product lines: Essential Nutrition (nutritional shakes), Weight Loss (Slimplicity meal replacement shakes and metabolism-boosting supplements), Targeted Solutions (nutritional shakes targeting specific benefits such as digestive, joint, and heart health, and an energy shot called 24K), and Relivables (skin care, all-natural sweetener).[6] The company examined the effect of one of their products, GlucAffect, on blood glucose and body weight in a non-randomized, nonblinded, non-controlled clinical study.[7] The company holds patents on 6 of its products: ArthAffect (#6,224,8718),[8] Cellebrate (#5,626,849),[9] FibRestore (#5,567,424),[10] Innergize! (#5,294,606),[11] ReversAge (#6,368,617)[12] and Reliv Classic (#4,737,364; expired 2005).[13]

References

  1. ^ Reliv International, Inc. / 2010 Annual Report Business - Page 16
  2. ^ "Reliv International Fact Sheet Aug. 2010". Reliv International, Inc. August 2010
  3. ^ http://www.reliv.com/US/EN/FrequentlyAskedQuestions.html>.
  4. ^ "USPTO Full-Text and Image Database." United States Patent and Trademark Office. Web. 09 August 2010. <http://www.uspto.gov/>.
  5. ^ a b c d Kenton, Susannah. "Celebrating 20 Years of Changing People’s Lives". Success From Home Magazine. February 2008. 58-64
  6. ^ "Reliv Products". http://www.reliv.com/US/EN/Products.html. Retrieved 28 April 2011.
  7. ^ Phytother. Res. (2009), Published online in Wiley InterScience, www.interscience.wiley.com doi:10.1002/ptr.2793
  8. ^ "ArthAffect Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=6,224,871.PN.&OS=PN/6,224,871&RS=PN/6,224,871. Retrieved 2011-12-06.
  9. ^ "Cellebrate Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=5,626,849.PN.&OS=PN/5,626,849&RS=PN/5,626,849. Retrieved 2011-12-06.
  10. ^ "FibRestore Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=5,567,424.PN.&OS=PN/5,567,424&RS=PN/5,567,424. Retrieved 2011-12-06.
  11. ^ "Innergize! Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=5,294,606.PN.&OS=PN/5,294,606&RS=PN/5,294,606. Retrieved 2011-12-06.
  12. ^ "ReversAge Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=6,368,617.PN.&OS=PN/6,368,617&RS=PN/6,368,617. Retrieved 2011-12-06.
  13. ^ "Reliv Classic Patent". http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=4,737,364.PN.&OS=PN/4,737,364&RS=PN/4,737,364. Retrieved 2011-12-06.

External links