Reliv
 | |
| Public | |
| Traded as | NASDAQ: RELV |
| Industry | Nutrition products |
| Founded | 1988 |
| Founder | Robert and Sandra Montgomery |
| Headquarters | St. Louis, MO, United States |
Area served | International |
Key people | Robert Montgomery (Chairman, CEO), Ryan Montgomery (President) , Dr. Carl Hastings CSO |
| Products | Dietary supplements, weight management, personal care |
| Revenue |
 US$ 68.709 million(2012)[1] |
|
US$ 1.712 million (2012)[1] | |
 US$ 1.359 million (2012)[1] | |
| Total assets |
US$ 25.259 million (2012)[1] |
| Total equity |
US$ 15.582 million (2012)[1] |
Number of employees | 214 (Dec 2012)[1] |
| Website |
www |
Reliv International, Inc. or Reliv, is a dietary supplement and skin-care company that uses multilevel marketing for distribution. Based in Chesterfield, Missouri, Reliv sells its products through a network of independent distributors in 16 countries.[2][3]
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.
In the next two decades, the company expanded its sales operations to various countries around the world.[4] 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.[4]
Reliv was ranked number 3 of the "Top 100 International Companies" in International Business Magazine.[4] In 2005, the company had an increase of 41 percent in its fourth-quarter net income,[5] and Reliv International ranked number 43 on Forbes Magazine's "200 Best Small Companies" 2005 list and ranked number 14 in 2006.[6]
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).[7] 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.[8]
Litigation
In January 2013, Environment Research Center (ERC) filed suit against Reliv, accusing them of "failure to warn consumers that they have been exposed to lead from several of the company's nutritional health products," citing the California Health & Safety Code Section 25249.7(b)(1), commonly known as Proposition 65. [9] Reliv responded by saying that the company was in compliance, the significance of the issue was exaggerated, and that the company was singled-out for unethical reasons. Nonetheless, Reliv revised the formula for all of the covered products to meet the new standards of California. [10]
References
- 1 2 3 4 5 6 "Reliv International, Inc., Form 10-K, Annual Report, Filing Date Mar 26, 2013". sec.gov. Retrieved April 26, 2013.
- ↑ "Reliv International Fact Sheet Aug. 2010". Reliv International, Inc. August 2010
- ↑ http://www.reliv.com/US/EN/FrequentlyAskedQuestions.html>.
- 1 2 3 Kenton, Susannah. "Celebrating 20 Years of Changing People’s Lives". Success From Home Magazine. February 2008. 58-64
- ↑ "Reliv's Q4 profit jumps 41%". Mar 6, 2006. Retrieved Jul 17, 2013.
- ↑ "Six St. Louis small companies among the best on Forbes list". 2005-10-14. Retrieved 2013-09-08.
- ↑ "Reliv Products". Retrieved 28 April 2011.
- ↑ Phytother. Res. (2009), Published online in Wiley InterScience, www.interscience.wiley.com doi:10.1002/ptr.2793
- ↑ Proposed Stipulated Consent Judgment, Case: CIV1300429 Superior Court of the State of California http://oag.ca.gov/system/files/prop65/complaints/2010-00265C2673.pdf
- ↑ response to Prop 65 Accessed 1 February 2015