DALLAS, July 11, 2014 /PRNewswire/ -- CVSL
Inc. [OTC QX: CVSL] announced today that Roy G.C. Damary and Dr. Bernard Ivaldi have agreed to serve on the
company's board of directors. They were elected by the board
on July 9.
"We are delighted that Roy Damary
and Bernard Ivaldi will be bringing
their long and distinguished international experience in business
and academia to CVSL's board of directors, particularly their
understanding of the dynamics of global commerce," said
John Rochon, CVSL's Chairman.
"Adding these two distinguished leaders to our board reinforces
CVSL's strategy of being a company with broad international
expertise."
Roy G.C. Damary:
Mr. Damary combines a wide range of academic activities with
global business experience. He began his professional career
as a research engineer and then techno-economic specialist at the
Battelle Institute in Geneva,
Switzerland. From 1984 to 1994 he created and headed the MBA
program at Webster University's
Geneva campus.
He is President of the INSAM Foundation in Geneva; head of business studies at Robert
Kennedy College, Switzerland; and
is honorary professor at the Ural State Forest Engineering
University of Ekaterinburg, Russia.
He owns Technomic Consultants SA, which provided industrial
marketing consultancy for 25 years before its reorientation to
management services for foreign-owned Swiss companies. Mr.
Damary is a British citizen residing in Geneva. He is a member of the board of
directors of CVSL AG and JRJR AG, in Luzern, Switzerland.
He holds an M.A. in Engineering Science with First Class Honours
from Oxford University (1966), an
M.B.A. with High Distinction (Baker Scholar) from Harvard Business School (1974) and a Ph.D. from
Lausanne University (2000).
Bernard Ivaldi, Ph.D.:
Dr. Ivaldi has for more than 40 years held a variety of senior
positions in business, law and academia in the United States and Europe.
A French citizen and a resident of Switzerland, Dr. Ivaldi serves as chairman of
Tatiana Faberge SA (Switzerland);
he has served as chairman of Laboratories Helvetica Pharma SA
(Switzerland); administrator of
Lalive & Partners Attorneys at Law (Switzerland); director of Webster University in Geneva, Switzerland; and director general of
The International School of Geneva.
Dr. Ivaldi has traveled extensively, lecturing and assisting at
international conferences. He has broad experience in the
fields of administration, financial management, personnel
management and training. He serves on several governing
boards and has organized many conferences and seminars.
He has participated in numerous evaluations and accreditations
of schools, universities and educational institutions in
the United States, Europe and Russia. He is a former
chairman of the International Schools Association, an international
NGO with consulting status to UNESCO and ECOSOC.
In 1994 he founded BI Conseil and Associates, specializing in
the audit of corporations and educational institutions, company
management and financial and human resources.
For the past 20 years he has consulted extensively with
multinational companies and educational institutions in
Europe, the United States, South America and Australia. He served
as director general of the Neuromedia Group SA in Belgium, which consists of multimedia
companies providing interactive solutions. He is currently
president of FEBP, a Swiss foundation promoting business
ethics. He is a member of the boards of CVSL AG and JRJR AG
in Luzern, Switzerland.
Dr. Ivaldi is fluent in French, Italian and English. He
earned a Ph.D. degree from Columbia Pacific
University and was a Doctoral Fellow in bilingual education
at New York University. He was awarded a Maitrise de
Linguistique Generale (honors) by the University of Nice,
France.
About CVSL
CVSL (www.cvsl.us.com) is a growing group of micro-enterprise
companies that connect social media networks into an ever-expanding
virtual "community" of social commerce. CVSL companies currently
include The Longaberger Company, a 40-year old maker of
hand-crafted baskets and other home decor items; Your
Inspiration At Home, an award-winning maker of hand-crafted
spices and other gourmet food items from around the world;
Tomboy Tools, a direct seller of tools designed for women as
well as home security systems; Agel Enterprises, a global
seller of nutritional products in gel form as well as a skin care
line sold under the Ageless brand, operating in 40
countries; Paperly, which offers a line of custom stationery
and other personalized products; My Secret Kitchen, a
U.K.-based seller of gourmet food products; and Uppercase
Living, which offers an extensive line of customizable vinyl
expressions for display on walls in the home. In addition,
CVSL and Golden Girls, a purchaser of gold and tradable
jewelry, have signed a definitive purchase agreement, which is
subject to customary closing conditions.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements that
involve risks and uncertainties. All statements other than
statements of historical fact contained in this press release are
forward-looking statements. We have attempted to identify
forward-looking statements by terminology including "anticipate,"
"believe," "can," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"should," or "will" or the negative of these terms or other
comparable terminology. Such statements include statements
regarding the expected contribution of Messrs. Damary and Ivaldi
Although we do not make forward-looking statements unless we
believe we have a reasonable basis for doing so, we cannot
guarantee their accuracy. These statements are only expectations
and involve known and unknown risks, uncertainties, and other
factors outlined under "Risk Factors" in our Annual Report on Form
10-K for our fiscal year ended December 31,
2013, our Quarterly Reports on Form 10-Q, including the
Quarterly Report filed with the Securities and Exchange
Commission for the quarter ended March
31, 2014, and those risks discussed in other documents we
file with the Securities and Exchange Commission, which may cause
our actual results, levels of activity, performance, or
achievements expressed or implied by these forward-looking
statements to differ materially from expectations. Except as
required by law, we undertake no obligation to update or revise
publicly any of the forward-looking statements after the date of
this press release to conform our statements to actual results or
changed expectations.
CVSL Media Contact: Russell
Mack (rmack@cvsl.us.com)
CVSL Investor Relations Contact: Scott Pumper (scottp@cvsl.us.com)
SOURCE CVSL Inc.