Penny Stocks to Dollars

[buk199]

ASCK $ still a great time to get in at .0121 news anytime on the funding for the Jamaica 135 million dollar middle income housing project. Plus a whole bunch more

[jhnvtjll]

WEYL / LFAP charts

[jhnvtjll]

WEYL chart, float only 297,685 shares as of yesterday.

[buk199]

CVSL via GrooveVC


New post on GrooveVC


CVSL Update – Stunning Short Position Uncovered
by jwbuffett
We have been made aware of a massive short position taken in CVSL shares over the last few weeks, a position of over 2.4 million shares that includes a single institutional bet of 2.1 million shares + the reported CVSL retail short interest per WSJ (a CVSL record in itself) of 316,734 shares. We find this remarkable in many respects, but the most obvious would have to be that this position would take 33 trading days to cover at the average trading volume of 73,000 shares per day were traded and 100% of the volume was short covering. If that 33 days started today, the buying necessary to cover that position would take until January 15, IF 100% OF THE VOLUME TRADED OVER THAT 33 DAYS WERE BUY TO COVER TRANSACTIONS . That is not possible and what is more likely is that the buying will now include not just value investors who recognize CVSL as undervalued, but traders who will see a short position that is such a huge percentage of the available public float for a company whose management controls over 65% of the shares outstanding. Given the time frame over which this short position has developed, we can not construct a scenario where the price at which the position could have been established would be higher than the $1.50 range. We continue to believe that CVSL shares trading below $2 is an aberation and we now understand why it actually traded lower after reporting a Q3 that should have pushed the shares much higher.

We view the emergence of this short position as a stunning development, as it would be impossible for this short position to be covered before Q4 is over if normal trading volumes persist. Recent management commentary, channel checks and anecdotal evidence from multiple sources suggest to us what we had already suspected based on the third quarter's momentum and the general seasonality of CVSL's businesses - that CVSL is having a great quarter, tracking to report record revenue that we expect to be up 25% or more SEQUENTIALLY over Q3 and possibly the first profitable quarter in its history for Q4. With only 22 full trading days plus two partial trading days until the end of the year, CVSL could conceivably report that record revenue quarter before this short position could be covered. We can not conceive of a more bullish scenario for CVSL shares.

[threewheeler]

every thing under .10 is money money, fully expect .25s B4 EOY, the news/PRs/filings we are waiting for should start flowing early next week QLTS

[dancingblonde]

You can imagine I wish I had! Sent PM.

[jhnvtjll]

Hope you got into QLTS when I recommended it back in January 2015.

[Hamilcar54]

2 low cost (traditional non-shale) onshore oil plays with enormous potential - drilling starts in december !


Terra Nova Energy (TGC ticker on Canadian Venture, TNVMF on OTC):

Focused on exploring for and developing low cost, high margin oil in Australia's Cooper Basin.

Short info sheet:

- cost per barrel is 23-28$
- Brent oil now sells for around 50$ a barrel
- the company receives an extra 10%-15% premium above the Brent market price
- to be proven reserves in the upcoming drilling campaign of around 92.7 million barrels of oil
- company owns 20% of the oil properties
- drilling starts in december
- only 6% of the total acreage has been shot with 3d seismic, that leaves still 93% unexplored. Can you imagine what the other 93% might hold if 6% of their acreage already shows a possible 92.7 million barrels !!!

This results in a possible share price of around 6$ when the reserves are proven after the drilling campaign ends (The stock now trades around 0,08$)! Remember, this is only for their explored 6% acreage, the potential upside here is still much higher !

Management did a PP and they themselves raised money for the company earlier this year so they also have a lot of skin in the game !

The company trades on the Canadian Venture exchange but also on the OTC (TNVMF). I would advise to buy on the Venture since volume there is always much higher then on the OTC, the OTC is very thinly traded so it's difficult to get in/out.

I am quite confident oil will be struck. The companies have used new tools available in the industry like the virtual drilling software of Rex international, see http://www.rexih.com/pdf/02-RVD1.pdf
It's software has a much higher accuracy rate then using conventional methods to detect oil. (it's own tests give it a 100% accuracy rate). The company has spent more then a year analyzing their seismic data together with Rex to derisk their drilling campaign and to make sure they hit it right at the first try.

If the first well is a success then at least 2 more wells will be drilled immediately to take advantage of the oil rig and boots on the ground already there.

Company Share Structure:

87.5 Million Shares
7.4 Million Options
1.9 Million Warrants
= 96.8 Million fully diluted


Visit the ihub board for more info:
http://investorshub.advfn.com/Terra-Nova-Energy-Inc-TNVMF-25038/

Drilling news:
http://finance.yahoo.com/news/terra-nova-engages-senex-energy-120000332.html


Holloman Energy (HENC ticker on OTC):

Partner to Terra Nova Energy on it's oil properties, HENC owns around 49% of the properties. Of course the same items in the info sheet as stated above also apply here, the only difference is that HENC owns a bigger cut of the acreage. Management is from Holloman Corporation in Houston and are also the largest shareholders (60 % - Holloman Value Holdings), they also provide all financing and have a lot riding on this.


Company Share Structure:

112.6 million shares fully diluted

This results in a possible share price of around 12$ when the reserves are proven after the drilling campaign ends (The stock now trades around 0,25$) ! Remember, this is only for their explored 6% acreage, the potential upside here is still much higher !


Visit the ihub board for more info:
http://investorshub.advfn.com/Holloman-Energy-Corp-HENC-11124/

Drilling news:
http://finance.yahoo.com/news/baikal-1-drilling-program-underway-130145803.html

[buk199]

link to Betterware Limited Financials for the last 3 years 2013,14,15


https://companycheck.co.uk/company/07962214/BETTERWARE-LIMITED/financial-accounts

[jhnvtjll]

AEZS chart

[jhnvtjll]

JNSH chart on watch

[FlipAtrip]

Better check out DRGV too !

http://www.otcmarkets.com/stock/DRGV/filings

DRGV DRGV DRGV DRGV DRGV DRGV

[Kashkat]

Hey, buk199 and others, check out RDSH. Read the stickies and do some DD. There is serious potential here, imo.

[DeeezNuuuts]

STBV any day now!!!

[BS Sifter]

WLCDF - A REAL NO BRAINER - SEE FOR YOURSELF

[BS Sifter]

ELTP - Life Changing Potential

[buk199]

Energy Edge Tech @EnergyEdTechnol
· 2h 2 hours ago
New location?

will here we go!!!!!! Famous Eddie's #2 coming soon?????

[buk199]

EEDG ON \\ALERT//
this was fun to see yesterday. it will be amazing if a PR hits and the fin are posted on or before 4/15/2015. look at the 10 min chart from yesterday !!!!

$EEDG - 10 min chart - Next leg up pic.twitter.com/lSC2PI5hpq

— Cheds (Trading Quotes) (@BigCheds) March 20, 2015

[buk199]

S&P Capital IQ FOR CVSL

100 Analyst Recommendations
No. of Rankings % of Total 1 Mo. Prior 3 Mos. Prior
Buy 36
...............................................................................................................................................................................................................................................................................................................................
Buy/Hold 18
...............................................................................................................................................................................................................................................................................................................................
Hold 41
...............................................................................................................................................................................................................................................................................................................................
Weak Hold 5
...............................................................................................................................................................................................................................................................................................................................
Sell 0
...............................................................................................................................................................................................................................................................................................................................
No Opinion 0 0
...............................................................................................................................................................................................................................................................................................................................
Total 0 100

[dancingblonde]

CVSL Signs Agreement To Acquire Kleeneze

DALLAS, Feb. 6, 2015 /PRNewswire/ -- CVSL Inc. [NYSE MKT: CVSL] announced today that it has signed an agreement to acquire Kleeneze, a United Kingdom-based direct-to-consumer company. The consummation of the acquisition is subject to certain conditions, including approval by the New York Stock Exchange MKT.

Kleeneze is one of the U.K.'s longest-operating, largest and best-known direct-to-consumer businesses. Founded in 1923, the company has grown into a community of more than 7,000 independent distributorships, offering a wide variety of several thousand cleaning, health, beauty, home, outdoor and other products to customers across the U.K. and Ireland. Kleeneze is a founding member of the U.K. Direct Selling Association.

Under the terms of the agreement, CVSL will purchase 100% of the shares of Kleeneze from Findel PLC. Both the CVSL and Findel boards have approved the terms. It is anticipated that closing will take place by the end of the First Quarter.

"Kleeneze has an extensive product line, a nearly century-long heritage, a well-known brand and a robust presence throughout the U.K. We believe Kleeneze will be an outstanding addition to our CVSL family of companies," said John Rochon Jr., CVSL's vice chairman and head of its investment committee. "Kleeneze gives CVSL a very significant presence in the U.K. and represents an important step forward in CVSL's international expansion."

"Becoming part of the CVSL family of companies will open an important and exciting new chapter in the long, distinguished history of Kleeneze," said Lisa Burke, Managing Director of Kleeneze. "This will allow us to be part of a global, public company, while at the same time maintaining our own unique identity. We view this as the best of all worlds," she added.

Commenting on the transaction, Roger Siddle, CEO of Findel, said: "CVSL represents a natural home for Kleeneze. We believe that this transaction is in the best interests of both Findel and Kleeneze, allowing Kleeneze to benefit from the extensive expertise and support of CVSL whilst allowing Findel to focus its resources on growing its core businesses."

With the addition of Kleeneze, CVSL will include nine companies. The combined trailing 12 month revenue of CVSL and Kleeneze, based upon the most recently reported results, as of September 30, 2014, was over $180 million.

About CVSL

CVSL is a growing group of direct-to-consumer companies that connect social media networks into an ever-expanding virtual "community" of social commerce. Within CVSL, each company retains its own separate brand identity, sales force and compensation plan. CVSL companies currently include The Longaberger Company, a 42-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; Project Home, 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, 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.

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. 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 based upon current beliefs, expectations and assumptions and include statements regarding the contribution of Kleeneze to CVSL and the timing of the anticipated closing. These statements are subject to a number of risks and , uncertainties, including the risk that the conditions to closing of the Kleeneze transaction are not satisfied as to which no assurance can be given, our ability to consummate the transaction when anticipated, our ability to successfully integrate Kleeneze into our company and other risks 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 September 30, 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 ([e-mail])
CVSL Investor Relations: ([e-mail])
Findel Media Contact: Stephen Malthouse / Will Smith [phone] ([e-mail])



SOURCE CVSL Inc.

[jhnvtjll]

Yup, still lots of room to run, for both QLTS and EPGL.

[dancingblonde]

Nice close & WOW what volume! It's the ol' win some, lose some, but still looks like a nice upside to come.

Meanwhile, still holding strong w/EPGL!

[jhnvtjll]

You're welcome! I wished you would've seen my post earlier today when the stock pulled back to .001. It closed at .002.

[dancingblonde]

I sure do & I sure will! Thanks, jhnvtjll

"Need another stock tip? Take a look at QLTS."

[jhnvtjll]

Need another stock tip? Take a look at QLTS.


Authorized #: 800,000,000
Outstanding #: 797,757,714
Restricted #: 461,908,000

http://www.otcmarkets.com/stock/QLTS/filings

Insiders own about 80% of the O/S!

Schedule 13D/13G filings show insiders buying:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001391142&type=sc+13&dateb=&owner=exclude&count=100


Q Lotus Holdings Inc Announces Acquisitions And New Operations
Jan. 7, 2015
http://www.accesswire.com/424614/Q-Lotus-Holdings-Inc-Announces-Acquisitions-and-New-Operations

[buk199]

CVSL Begin Trading On New York Stock Exchange TODAY 12/5/2014
NEW YORK and DALLAS, Dec. 3, 2014 /PRNewswire/ -- The common stock of CVSL Inc. [NYSE MKT: CVSL] will begin trading on the New York Stock Exchange MKT this coming Friday, December 5. Confirmation of the uplisting was received today from the NYSE.

"This news marks an extraordinarily exciting milestone for CVSL and our shareholders. It is a historic moment for our eight companies, for the members of our companies' independent sales forces, for our employees and for everyone who is part of our venture to build a global powerhouse in the direct-to-consumer sector and to bring entrepreneurial opportunities to millions of people around the world," said John Rochon Jr., CVSL's vice chairman.

CVSL made its first acquisition in the direct-to-consumer space 18 months ago.

"Uplisting to the NYSE was our major goal for 2014. Now that we have accomplished that objective, we believe we are well positioned for the next phase of our growth and we are ready to move forward with our acquisition strategy. We will focus primarily on M&A during 2015," said Mr. Rochon.

CVSL's U.S. headquarters is in Dallas, TX. Its international headquarters is in Luzern, Switzerland. CVSL began executing its strategy of acquisitions in the direct-to-consumer space in March of 2013.

About CVSL

CVSL is a growing group of direct-to-consumer 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 decor 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 also includes Happenings Communications Group. 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. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Such statements include statements regarding our growth and moving forward with the acquisition strategy. These statements are only expectations and involve known and unknown risks, uncertainties, and other factors including our ability to continue to grow as anticipated, our ability to effectuate our acquisitions and the financings for such acquisitions and the risks 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 June 30, 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.

Contact: Russell Mack ([e-mail])
Investor Relations: [e-mail]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cvsl-inc-will-begin-trading-on-new-york-stock-exchange-this-friday-300004422.html

SOURCE CVSL Inc.

Copyright 2014 PR Newswire

[buk199]

CVSL Expects to Uplist Within Next Several Trading Days, Says Its Strategy for 2015 Will Focus on Acquisitions







Print


Alert



DALLAS, Nov. 28, 2014 /PRNewswire/ -- CVSL Inc. [OTCQX: CVSL] said today that, with its uplisting to a national securities exchange expected within several trading days, the Company intends to immediately re-focus on its acquisition strategy within the direct-to-consumer channel.

"Virtually all year we have been working on the process of uplisting to a national securities stock exchange. By our calculation, we will qualify for uplisting to a major U.S. exchange late in this coming week. We are gratified that our uplisting appears imminent," said John Rochon Jr., Vice Chairman and head of CVSL's investment committee.

"We have a robust deal funnel and we intend to get back to acquiring companies that we believe will increase our stock value. I am proud of our success in acquiring and strengthening our first eight companies and meeting uplisting requirements. Our decision to focus on moving to a major exchange in 2014 has been well worth the effort and will be possible without the immediate dilution to shareholders that would have occurred if we had consummated an S-1 offering," said Mr. Rochon.

"As we approach 2015, it's time to get back to the work of M&A. We believe it is good for shareholders for us to immediately resume making acquisitions, which we had put on hold during the past several months. We intend to fund the next several acquisitions primarily using debt as a source of capital, preserving our cash and taking all the actions we can to protect our shareholders from significant dilution."

About CVSL (www.cvsl.us.com)

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. 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. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Such statements include statements regarding our continued growth, the expected uplisting to a national securities exchange, the intended acquisition and acquisition funding strategy and the benefits of the various steps taken. These statements are only expectations and involve known and unknown risks, uncertainties, and other factors including the risk that our expected uplisting, acquisitions or acquisition funding will not occur in the time periods expected and the risks 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 September 30, 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.

Contact: Russell Mack ([e-mail])
Investor Relations: ([e-mail])

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cvsl-expects-to-uplist-within-next-several-trading-days-says-its-strategy-for-2015-will-focus-on-acquisitions-300002240.html

SOURCE CVSL Inc.

Copyright 2014 PR Newswire

[buk199]

Finally EEDG$ getting ready to open should see a price increase on the stock when PR and financials and quarterlys are updated

[dancingblonde]

You sure are posting on the right board, vikingzskillz! EPGL IS going from pennies to dollars & I couldn't be a happier shareholder

[vikingzskillz]

$EPGL and $Intel(INTC) executed an initial Agreement. Additional Agreements are now pending.

[jhnvtjll]

:)

[dancingblonde]

EPGL ~ certainly doable jhnvtjll! EPGL investors (& I am gratefully one thanks to you :) are gonna be soooo happy

"I'm expecting a dime before the year is over."

[jhnvtjll]

I'm expecting a dime before the year is over.

[dancingblonde]

EPGL ~ Nice, jhnvtjll ~ a dime anyone? Shouldn't take too long...

[jhnvtjll]

EPGL chart

[buk199]

NEWS NVOB

http://finance.yahoo.com/news/novacab-international-inc-announces-modifications-195100776.html

https://www.facebook.com/novacab

[dancingblonde]

Hey buk ~ I'd be happier about CVSL, but I don't know how!!!

[buk199]

CVSL Receives Notification On Authorization For NYSE MKT Listing

[buk199]

CVSL Receives Notification On Authorization For NYSE MKT Listing

[dancingblonde]

DAM ~ SWEEEEET, BUK ~ I can only dream about having that many shares, but I'm mega, mega grateful to have as many as I do. Promised land coming shortly w/CVSL

[buk199]

CVSL Factual Stock Report | August 16, 2014

snowgeek post

https://solutions.standardandpoors.com/NASApp/WS/EntryServlet?pc=IVS&tracking=IVSCVSL&auth=user&pagename=encrStockReportPDF&company=201003214126149048112029077018159013248113121234


Just ran across this, thought I'd post it.

[buk199]

Somebody is front loading on EEDG and DB I got my 10,000 shares filled today on CVSL. So you know what the magic number I'm at now 500,001 yeah that's not wrong I miscalculated got one extra share so I need to go back and probably buy enough to even my stash out too 500,100.

[jhnvtjll]

Sweet!

[dancingblonde]

Smart man ~ will be joining you

[jhnvtjll]

Yup, riding free shares!

[dancingblonde]

Nice!!! I've bought all over the place, too. Even tho I averaged up I'm very close to riding free (as I bet you already are or could be . Either way, just grateful to have shares in such a potential moneymaker!

[jhnvtjll]

The last few months, I've been adding .015s and .016s, and selling my .019-.0385 shares from 2013. So basically averaging down. :)

[dancingblonde]

EPGL ~ I've been adding & averaging up

"Let's go EPGL! :)"

[jhnvtjll]

Let's go EPGL! :)

[dancingblonde]

MORE CVSL SUPER NEWS:

CVSL Inc. Releases Quarterly Results

DALLAS, Aug. 14, 2014 /PRNewswire/ -- CVSL Inc. (OTC QX: CVSL) today released its results for the quarter ended June 30, 2014.

"During the Second Quarter, we made steady progress in the strategy that we began with our first acquisition 15 months earlier, which is to strengthen the companies we acquire while laying the groundwork for future acquisitions," said CVSL Chairman John Rochon.

During the Second Quarter, CVSL filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to the proposed public offering of its common stock and applied to have its common stock listed on the NYSE MKT.

"We are building a large, diverse company from the ground up," said Mr. Rochon. "We want to bring future CVSL acquisitions onto a solid base. Shoring up that base is where we put most of our emphasis during the Second Quarter.

"We took important steps to reduce our overall risk. One of our top priorities was to eliminate CVSL's bank debt. I am delighted to say that we accomplished that crucial goal," said Mr. Rochon, noting that CVSL had about $8.5 million in bank debt at the beginning of 2014 and that the Company paid off its last remaining bank debt two weeks ago.

For the Second Quarter, CVSL reported a 19.5% increase in gross revenue compared to the Second Quarter of 2013. CVSL had gross revenue of $24.6 million and an operating loss of $4.1 million in the current quarter, compared to gross revenue of $20.6 million and an operating loss of $3.3 million in the Second Quarter of 2013. Gross revenue for the first six months of 2014 was $51.3 million, which is more than double that of the first half of last year.

Mr. Rochon said that, in addition to paying off bank debt, CVSL reduced inventory, monetized assets that weren't needed for the business, and continued to invest in systems and personnel to prepare for continued growth through acquisitions.

"Eliminating bank debt makes us a healthier company, better equipped to operate our businesses and make more acquisitions," said Mr. Rochon. "It gives us more freedom and flexibility to continue our growth," he added.

"The operating companies we acquired since March, 2013 needed improvements in varying degrees. We have used this time to make necessary repairs. Now we can better focus on the next acquisition opportunities," he said.

"We also have invested in new accounting and sales force systems. While some of these costs are capitalized, other costs are expensed in the period incurred. These expenditures affect short-term profitability, but we believe the benefits of these steps will last for many years," he noted.

CVSL$$$