DALLAS, Feb. 24, 2015 /PRNewswire/ -- CVSL Inc.
(CVSL) ("CVSL" or the "Company") today announced that it intends to
offer for sale shares of its common stock in an underwritten public
offering. The Company intends to use the net proceeds from this
offering for the acquisition of other businesses that it believes
are synergistic with its current businesses, including up to
$5,515,731 to acquire Kleeneze
Limited, and for general working capital purposes, including
ongoing operations, expansion of the business and further research
and development. The offering is subject to market conditions, and
there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering.
Aegis Capital Corp. is acting as sole book-running manager for
the offering.
Feltl and Company is acting as lead co-manager.
The offering is being made pursuant to a shelf registration
statement that the Company previously filed with the Securities and
Exchange Commission (the "SEC") and which became effective on
January 15, 2015. A preliminary
prospectus supplement and accompanying prospectus relating to the
offering will be filed with the SEC and will be available on the
SEC's website located at www.sec.gov. Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
this offering may be obtained, when available, from Aegis Capital
Corp., 810 7th Avenue, 18th Floor,
New York, NY 10019 or via
telephone at 212-813-1010 or email: prospectus@aegiscap.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
Further information regarding the offering is contained in the
Company's Current Report on Form 8-K to be filed with the SEC and
which may be accessed at www.sec.gov
About CVSL Inc.
CVSL 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 42-year old maker of hand-crafted
baskets and other home décor items; Your Inspiration At
Home, an award-winning maker of hand-crafted spices and other
gourmet food items from around the world; Project Home, a
direct seller of Tomboy Tools, a line 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. CVSL and Kleeneze
Limited, an entity which offers a variety of
household goods in the United
Kingdom and Ireland, have
recently signed a definitive purchase agreement, which is subject
to customary closing conditions.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements reflect management's current
expectations, as of the date of this press release, and involve
certain risks and uncertainties. Forward-looking statements include
statements herein with respect to this offering the successful
execution of CVSL's business strategy, including with respect to
CVSL's acquisition of synergistic businesses and CVSL's ability to
successfully integrate any acquired business and continue to grow
its business. CVSL's actual results could differ materially from
those anticipated in these forward-looking statements as a result
of various factors including its ability to successfully integrate
acquired companies, its ability to consummate pending acquisitions
and its ability to generate revenue. Factors that could cause
future results to materially differ from the recent results or
those projected in forward-looking statements include the "Risk
Factors" described in the Company's filings with the Securities and
Exchange Commission.
CVSL Contact: Russell
Mack (rmack@cvsl.us.com)
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SOURCE CVSL Inc.