Nu Skin Enterprises to Open Operations in Costa Rica
September 14 2006 - 8:30AM
PR Newswire (US)
Company Strengthens Presence in Central America PROVO, Utah, Sept.
14 /PRNewswire-FirstCall/ -- Nu Skin Enterprises, Inc. today
announced the opening of Costa Rica as the company's 44th global
market. They will launch both Nu Skin(R) personal care and
Pharmanex(R) nutritional products in Costa Rica. "We are excited
about Costa Rica's addition to our regional operations," said Scott
Schwerdt, president of the America's and Europe. "Costa Rica is a
diverse, democratic nation with great potential for success. We
look forward to a bright future there and are eager share our
innovative products and rewarding business opportunities." Nu Skin
Enterprises' Costa Rica operations will be administered by a
corporate office in San Jose, the capital city. The company's
offices in Guatemala City will provide additional support for
distributors. The opening will continue the company's expansion in
the Central America region, adding to its current markets in
Guatemala, Honduras and El Salvador. For more information on Costa
Rica's opening, please visit http://www.nuskin.com/guatemala. The
Company Nu Skin Enterprises, Inc. is a global direct selling
company operating in 44 countries throughout Asia, the Americas and
Europe. The company markets premium quality personal care products
under the Nu Skin(R) brand, science-based nutritional supplements
under the Pharmanex(R) brand and technology products and services
under the Big Planet(R) brand. Nu Skin Enterprises is traded on the
New York Stock Exchange under the symbol "NUS." Please note: This
press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 that
represent the company's current expectations and beliefs regarding
its commencement of operations in Costa Rica. The forward-looking
statements and related assumptions involve risks and uncertainties
that could cause actual results and outcomes to differ materially
from any forward-looking statements or views expressed herein.
These risks and uncertainties include, but are not limited to: (a)
difficulties that we may face in achieving acceptance of our
premium-priced products and operating successfully in a developing
country such as Costa Rica; (b) risk that our commencement of
operations in this market and our planned initiatives may not
generate interest among distributors and customers and generate
sponsoring and selling activities on a sustained basis; and (c) any
inability of the company to obtain necessary product registrations
for its nutritional and personal care products in a timely manner.
The forward-looking statements contained herein are further
qualified by a detailed discussion of associated risks set forth in
the documents filed by the company with the Securities and Exchange
Commission, including the company's Annual Report on Form 10-K/A
filed on March 17, 2006. The forward-looking statements set forth
the company's beliefs as of the date of this release, and the
company assumes no duty to update the forward-looking statements
contained in this release to reflect any change. DATASOURCE: Nu
Skin Enterprises, Inc. CONTACT: Investors, Scott Pond,
+1-801-345-2657, , or Media, Kara Schneck, +1-801-345-2116, , both
of Nu Skin Enterprises, Inc. Web site:
http://www.nuskin.com/guatemala
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