From the Wires
ViSalus Announces $22 Million Cash Dividend
Operating Results Drive Decision to Return Cash to Shareholders
By: PR Newswire
Nov. 21, 2012 08:07 AM
TROY, Mich., Nov. 21, 2012 /PRNewswire/ -- ViSalus, known for its mission of helping people transform their health and fitness through the Body By Vi™ 90-Day Challenge, today announced that it will pay a $22 million dividend to its shareholders. As majority shareholder, Blyth will receive 72.7% of the dividend.
Ryan Blair, Chief Executive Officer, commented on the announcement, saying, "Our earnings performance and cash generation in excess of our working capital requirements offer us the flexibility to invest in our long-term infrastructure needs and also return a cash dividend to our shareholders."
Founded in 2005 with headquarters in Los Angeles, CA and Troy, MI, ViSalus is the company behind the wildly successful Body by Vi™ Challenge, a 90-day personal health and lifestyle transformation platform. ViSalus champions personal victories and entrepreneurship through a social marketing model, premium products, and supportive global community. Simple, affordable, rewarding and fun — the Body by Vi Challenge is the #1 weight-loss and fitness Challenge in North America today. ViSalus is majority-owned by Blyth, Inc. (NYSE: BTH).
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