PROVO, Utah, Feb. 26, 2019 /PRNewswire/ -- Nu Skin
Enterprises, Inc. today announced plans to open in Peru, expanding the company's presence in
Latin America. Peru will begin operations on March 7, 2019, with a grand opening event in
Lima, Peru.
"Nu Skin's business in Latin
America has seen incredible growth over the past year as our
products and business opportunity continue to improve lives
throughout the region," said Tyler
Whitehead, West Region president. "Peru is a well-established market for direct
selling, and we have seen great anticipation from potential
customers and sales leaders there. We are committed to investing in
Peru as a new market and are
confident in a successful future."
Nu Skin will offer a selection of its most popular personal care
products at launch with plans to introduce additional products over
the coming months. A list of the innovative Nu Skin products
available in Peru at launch and
information on the grand opening can be found at
https://www.nuskin.com/content/nuskin/en_US/products/peru.html.
"For 35 years, Nu Skin has grown around the world by providing
customers innovative products deeply rooted in science and
technology and building a strong partnership with our sales leaders
to help them succeed with a rewarding business opportunity.
Providing our empowering products and opportunity to the people of
Peru is the latest milestone in
our growth initiatives and an exciting new chapter of Nu Skin's
global operations," adds Ryan
Napierski, president.
About Nu Skin Enterprises, Inc.
Founded more than 30
years ago, Nu Skin Enterprises, Inc. develops and distributes
innovative consumer products, offering a comprehensive line of
premium-quality beauty and wellness solutions. The company builds
upon its scientific expertise in both skin care and nutrition to
continually develop innovative product brands that include the Nu
Skin® personal care brand, the Pharmanex® nutrition brand, and most
recently, the ageLOC® anti-aging brand. The ageLOC brand has
generated a loyal following for such products as the ageLOC LumiSpa
skin cleansing and treatment device, ageLOC Youth nutritional
supplement, the ageLOC Me® customized skin care system, as well as
the ageLOC TR90® weight management and body shaping system. Nu Skin
sells its products through a global network of sales leaders in
Asia, the Americas, Europe, Africa and the Pacific. As a long-standing
member of direct selling associations globally, Nu Skin is
committed to the industry's consumer guidelines that protect and
support those who sell and purchase its products through the direct
selling channel. Nu Skin is also traded on the New York Stock
Exchange under the symbol "NUS." More information is available at
nuskin.com.
Please Note: This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that represent the
company's current expectations and beliefs. All statements other
than statements of historical fact are "forward-looking statements"
for purposes of federal and state securities laws and include, but
are not limited to, statements of management's expectations
regarding the Peru market and our
business and product introductions in that market; statements of
belief; and statements of assumptions underlying any of the
foregoing. In some cases, you can identify these statements by
forward-looking words such as "believe," "expect," "project,"
"anticipate," "estimate," "intend," "plan," "targets," "likely,"
"will," "would," "could," "may," "might," the negative of these
words and other similar words.
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, the following:
- competitive pressures in Peru, or changes in operations or future
financial results from those currently anticipated;
- adverse publicity related to the company's business,
products, industry or any legal actions or complaints by the
company's sales force or others;
- any failure of current or planned initiatives or products to
generate interest among the company's sales force and customers and
generate sponsoring and selling activities on a sustained
basis;
- regulatory risks associated with the company's products,
which could require the company to modify its claims or inhibit the
company's ability to import or continue selling a product in a
market if it is determined to be a medical device or if it is
unable to register the product in a timely manner under applicable
regulatory requirements; and
- unpredictable economic conditions and events
globally.
The company's financial performance and 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. The
forward-looking statements set forth the company's beliefs as of
the date that such information was first provided and the company
assumes no duty to update the forward-looking statements contained
in this release to reflect any change except as required by
law.
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SOURCE Nu Skin Enterprises, Inc.