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CEO Derek Hall. 2011 in Review Industry Update The Future. The Year is 1911 One Hundred Years Ago. The average life expectancy for men was 47 years. 95 percent of all births took place at home. 1911. Two out of every 10 adults couldn't read or write
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CEO Derek Hall
2011 in Review • Industry Update • The Future
The average life expectancy for men was 47 years. • 95 percent of all births took place at home 1911
Two out of every 10 adults couldn't read or write • Only 6 percent of Americans graduated from high school 1911
The average U.S. wage in 1911 was 22 cents per hour, and the average U.S. worker made between $200 and $400 per year 1911
The six leading causes of death were: • Pneumonia • Influenza • Tuberculosis • Diarrhea • Heart disease • Stroke 1911
Marijuana, heroin, and morphine were all available over-the-counter at the corner drugstore 1911
Back then it was believed that heroin cleared the complexion, gave buoyancy to the mind, regulated the stomach and bowels, and was, in fact, a perfect guardian of health! 1911
THE WAY WE ADVERTISED JUST 60 YEARS AGO LOOKED A BIT DIFFERENT
A Winning Track • 41% growth in IBOs in 2011 • Last month’s sales increased 25% vs. LY • Mexico began its growth spurt • Vietnam was opened for initial business • We began shipping product to Germany • We invested $millions in infrastructure & people • We remained in positive territory financially • We received 3 prestigious business awards 2011
Rank Advancements 97 New Platinums 52 Vietnam 41 USA 3 Canada 1 México 2011
Rank Advancements 19 New Diamonds 13 Vietnam 6 USA 2011
Olympic Gold Medalists Dan Jansen Bonnie Blair Alicia Sacramone Vicki Movsessian Mike Eruzione Bart Conner Daniel Igali Jackie Joyner-Kersee Nadia Comaneci
GOLD SUMMIT Daniel’s Summit, UT January 2011
ANNUAL CONVENTION Orlando, FL February 2011
Platinum Trip – Bahamas June 2011
DIAMOND RETREAT – KAUAI, HI August 2011
Diamond Retreat Kauai - 2011
Habitat for Humanity 2011 Qivana Founders participated in 7 events and IBOs participated in dozens more around the United States
Orlando, FL June 2011
Citrus County, FL June 2011
Oklahoma City, OK October 2011
Prestigious Industry Awards 3rd Fastest Growing Top 20 #15
Food & Drug Administration New Dietary Ingredient (NDI) proposed rule making In a letter addressed to FDA Commissioner Margaret Hamburg, MD, in late December 2011, Senators Orrin Hatch (R-UT) and Tom Harkin (D-IA) asked FDA to withdraw the agency’s new dietary ingredient (NDI) draft guidance, which FDA published in July. The letter also asks FDA to meet with the senators in early sooner than later to discuss their concerns.
Food & Drug Administration It was October 1994 when DSHEA was enacted. Within that legislation was an FDA directive to establish Good Manufacturing Practices (GMPs) for the supplement industry. This GMP directive was instituted in 2010…16 years later!
Natural Products Foundation • The NPF remains vigilant in its initiative to establish Truth in Advertising • During the past year the NPF has sent out 109 warning letters of which 68% responded positively. The non-responders were turned over to the FDA/FTC for further action • 2012 will be my last year as Chair of the NPF but Qivana will continue to be a strong voice in NPF
Strategic Planning • International Expansion • Product Development • Industry Influence • Cultural Growth • Regulatory Compliance • Financial Management
Introducing: Qivana Strategic Advisory Board QAB
QAB • Five members • Skill sets include: • Publicity & Trade Relations • Legal • Regulatory • Product Formulation • Financial • International • 2 & 3 year terms of service
Board Purpose • Act as a sounding board as we begin to scale • Provide experienced direction on key issues • Add expertise in a cross section of skill sets QAB
Ryan Stratton • A Principal at Huntsman Gay Global Capital, a $1.1 billion private equity fund • Responsible for the sourcing, evaluation, and management of the acquisition “due diligence” process • Prior consultant with Bain & Company in Dallas, Texas, and Johannesburg, South Africa • Former Analyst and Associate with Bain Capital in Boston • Earned his MBA degree from M.I.T. Sloan School of Management
Suzanne Shelton • CEO of The Shelton Group based in Chicago, IL • Provides public relations services to the dietary supplement and natural products companies • Former executive committee member of the Natural Products Foundation • Communications Committee Chair of the American Herbal Products Association • Natural products crusader for almost 25 years
Jack Martin • Founding member of Walker, Martin & Hatch, a partnership of political and policy experts based in Washington, DC • Former Senior Staff Member for Utah Senator Orrin Hatch • Former Special Assistant to the Commissioner for Policy at the FDA under George H. Bush • Former Associate Commissioner for Public Affairs at the FDA
Scott Forsberg • Founder and president of Peregrine Research, a natural products formulation company • A microbiologist specializing in the immunology and biotechnology field • Former member of the Board of Directors of the American Herbal Products Association • Formulated the original Nature’s Way vitamin line • Formulates products for Dr. Julian Whitaker’s newsletter