XELR8 aka BAZI terminates ALL distributors and exits MLM Perpetually. This discover will hit all distributors this morning, and was made public by Morningstar January 19, 2010.
Here’s a hyperlink to Rod Cook dinner’s aka MLM Watchdog tackle all this. Read Here.
In accordance with Morningstar…
“On January 19, 2010, the Firm issued a letter to its impartial distributors advising of a change in its compensation plan, successfully terminating the present multilevel advertising program efficient February 28, 2010. A replica of the letter is connected to this Present Report on Kind 8-Okay as Exhibit 99.1. The Firm intends to pursue a direct-to-market gross sales technique whereby XELR8 merchandise can be bought direct to shoppers and thru an associates program whereby compensation can be paid to people that promote the merchandise on to shoppers.”
I’ve simply obtained a replica of the termination letter and there’s one good signal…
” Though the present XELR8 Compensation Plan stays in impact till February 28, 2010, please be suggested that no new Distributors could also be enrolled as of the date of this letter. Whereas you’ll not have the ability to enroll new Distributors, you, and your prospects (each present and new prospects) might proceed to order XELR8 merchandise. Fee and bonus funds earned previous to the date of this letter can be paid in response to the present XELR8 Compensation Plan. Fee and bonus funds earned after the date of this letter by way of February 28, 2010 can be paid on or about March 15, 2010. Following the cost of those commissions and bonuses, no additional bonuses or commissions can be paid to any XELR8 Unbiased Distributor beneath the present XELR8 Compensation Plan.
Though the Firm has elected to terminate the present multilevel advertising program, XELR8 merchandise will proceed to be obtainable by way of Unbiased Distributors by way of February 28, 2010, and different direct advertising channels to be introduced on our nationwide name on February 3, 2010. If you’re enrolled in our AutoShip program, you’ll proceed receiving your month-to-month AutoShip order till such time as you have chose to cancel your participation within the AutoShip program. Most popular Prospects may also proceed to obtain their computerized month-to-month orders till such time as they select to cancel their Most popular Buyer Agreements. In case you want to cancel your month-to-month AutoShip order, please ship your discover of cancellation to us at 480 South Holly Avenue, Denver, Colorado 80246. Alternatively, chances are you’ll fax or electronic mail your discover of cancellation to us at (303) 316-8078 or firstname.lastname@example.org. Please embrace your Distributor ID Quantity in your discover of cancellation.”
Tom Chenault was the founding distributor at BAZI and a high chief. Garret McGrath was the #1 distributor in BAZI and during the last couple of years had set the corporate on hearth. These two males supplied a few of the finest subject management I’ve seen in a very long time.
However management begins within the nook workplace, the Founder and CEO of the corporate. On this case a publicly traded firm the place the Board of administrators didn’t have any MLM expertise and listened to little to late to their subject leaders.
Residing An Epic Journey,