Freelife Q&A
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Q. What are FreeLife’s annual sales and profits?
A. As a privately held company, we aren’t required to disclose these figures. However, our business is very strong. Our sales have more than doubled for each of the past three years due to three things – growing demand for Himalayan Goji® Juice, increased interest in selling GoChi™ and Himalayan Goji Juice, and FreeLife’s entry into new international markets. We are profitable and financially solid.
Q. Who owns FreeLife®?
A. FreeLife is owned by Ray Faltinsky, Kevin Fournier, and a group of investors, including well-known investment pro Anson Beard of Morgan Stanley/Dean Witter.
Q. Does FreeLife plan to become a publicly traded company?
A. Probably not. We have been successful as a privately held company, always having sufficient funds to invest for future growth. And as a privately held company, we can more effectively manage for the long-term because we’re not fixated on monthly or quarterly sales, changes in share price, analyst ratings, etc.
Q. What “bricks and mortar” support FreeLife’s business?
A. FreeLife is currently building a 75,000 sq. ft. world headquarters in Phoenix, Arizona, and also has offices in the Philippines, Puerto Rico, Thailand, Mexico, Australia, Germany, and Connecticut and Arizona in the United States for our 200+ employees around the world. We also work closely with other specialized companies to develop, manufacture, and distribute our products. This ensures quality and satisfaction, while giving us great operating flexibility.
Facts
* FreeLife International® is a financially solid, Inc. 500 company.
* FreeLife® currently operates in 26 countries.
* FreeLife’s largest markets are currently the United States, Canada, and Australia. Other markets around the world are growing rapidly, especially Mexico, the Philippines, and Hong Kong.
* FreeLife has been experiencing growth since 2003 and has maintained profitability.
* FreeLife is one of the few Direct Selling companies that voluntarily publishes the annual average earnings of its Marketing Executives. Click here for details.
* FreeLife meets all BBBOnLine Reliability participation and Better Business Bureau membership standards and is authorized to display the BBBOnLine Reliability seal.
* The Company has been an active member of the Direct Selling Association (DSA) since 1996. Every member company pledges to abide by the Association’s Code of Ethics as a condition of admission to, and continuing membership in, the Association.
* Since GojiKids’ inception in October 2003, FreeLife has contributed to more than 100 charities worldwide. Hundreds of FreeLife Marketing Executives have also contributed their time, talents, and funds to an even broader range of charitable groups, many of which focus on children.
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Last updated by GOJI HIVE Oct. 19, 2009.
