Friday, October 7, 2011

Herbalife Responds to Spain’s Ministry of Health

HERBALIFE LTD has added a news release to its Investor Relations website.
Title: Herbalife Responds to Spain’s Ministry of Health AlertDate: 4/23/2008 9:07:01 AM
For a complete listing of our news releases, please click here
LOS ANGELES, Apr 23, 2008 (BUSINESS WIRE) — Herbalife Ltd. (NYSE:HLF) issued a statement in response to a Spanish Ministry of Health alert.On April 21, 2008, the Ministerio de Sanidad Y Consumo, Spain’s Ministry of Health, issued a “Recommendation of precaution when consuming products of the Herbalife brand.” The company is in an ongoing discussion with the agency and is providing the final section of its dossier on April 23, 2008 as previously agreed. As the company has noted in its previous public filings, from time to time it receives inquiries such as the one from Spain and cooperates fully with the authority involved. Herbalife will continue to cooperate with Spanish authorities to help them more fully understand the scientific issues involved and the safety of our products.
The alert cites caution due to “suspicious cases” of “hepatic toxicity presumably associated with the consumption of products from Herbalife.” No specific product or ingredient that might have contributed to liver problems is named in the alert. Herbalife has an adverse event reporting procedure that deals with the small number of queries we receive from doctors and consumers and we have an open dialogue with the medical community. All adverse event reports are investigated thoroughly in consultation with the consumer and the physician (if available) to fully understand the facts. In the United States, Herbalife strongly supported legislation mandating the submission of all dietary supplement and over-the-counter drug serious adverse events to the Food & Drug Administration. That law took effect in December 2007.
For more than 28 years, tens of millions of Herbalife consumers worldwide have been safely using Herbalife products with an extremely low incidence of serious adverse event reports citing liver function abnormalities.
Herbalife operates in 65 countries and has in excess of 400 products in its product range. In Spain, the company sells 48 products, including products for skin and hair care such as facial creams, shampoo and soap. In its recommendation, the Spanish Ministry of Health also questioned whether the company’s distribution model would hinder its ability to trace the sales of its products. The company believes that its business model actually enhances its ability to follow up on product sales since it is able to contact its network of 1.7 million distributors worldwide in the event of a product issue, who in turn can contact their customers. Retail stores or other sales methods may not have records of individual consumer purchases.
“Our 1.7 million Herbalife Independent Distributors are aware of the benefits of our products,” said Michael O. Johnson, chairman and chief executive officer of Herbalife. “Along with our scientific and medical staff and advisors, they are confident in our science. For more than 28 years, our Distributors have worked closely with their customers to achieve healthier lives by combining the use of our products with moderate exercise and a healthy, active lifestyle.”
About Herbalife Ltd.
Herbalife Ltd. is a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 65 countries through a network of over 1.7 million independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to bring good nutrition to children. Please visit Herbalife Investor Relations for additional financial information.
SOURCE: Herbalife Ltd.
Herbalife Ltd.
Media Contact:
Barbara Henderson, SVP, Worldwide Corp. Comm.
310-410-9600, x32736
or
Investor Contact:
Erin Gehan, Sr. Director Investor Relations
310-410-9600, x32862






Herbalife Responds to Spain’s Secretary of state for Health Alert

HERBALIFE LTD has added a news release to the Investor Relations website.

Title: Herbalife Responds to Spain’s Secretary of state for Health AlertDate: 4/23/2008 9:07:01 AM

For any complete report on our news releases, please click the link

LOS ANGELES, Apr 23, 2008 (BUSINESS WIRE) - Herbalife Ltd. (New york stock exchange:HLF) released an argument in reaction to some The spanish language Secretary of state for Health alert.On April 21, 2008, the Ministerio p Sanidad Y Consumo, Spain’s Secretary of state for Health, released a “Recommendation of precaution when consuming items from the Herbalife brand.” The organization is within a continuing discussion using the agency and it is supplying the ultimate portion of its dossier on April 23, 2008 as formerly agreed. As the organization has noted in the previous public filings, every once in awhile it receives queries like the one from The country and cooperates fully using the authority involved. Herbalife continues to cooperate with The spanish language government bodies to assist them to more completely understand the scientific issues involved and also the safety in our items.

The alert cites caution because of “suspicious cases” of “hepatic toxicity most probably connected with the intake of items from Herbalife.” No specific product or component that may have led to liver problems is known as within the alert. Herbalife comes with an adverse event confirming procedure that are responsible for the small quantity of queries we receive from doctors and customers and that we come with an open dialogue using the medical community. All adverse event reviews are looked into completely in consultation using the consumer and also the physician (if available) to completely comprehend the details. Within the United States, Herbalife strongly supported legislation mandating the submission of nutritional supplement and also over-the-counter drug serious adverse occasions towards the Food & Drug Administration. That law required effect in December 2007.

In excess of 28 years, hundreds of an incredible number of Herbalife customers worldwide happen to be securely using Herbalife items by having an very low incidence of significant adverse event reviews stating liver function irregularities.

Herbalife works in 65 nations and it has more than 400 items in the range of products. In The country, the organization sells 48 items, including items for hair and skin care for example facial creams, shampoo and cleaning soap. In the recommendation, the The spanish language Secretary of state for Health also asked if the company’s distribution model would hinder being able to trace the sales of their items. The organization thinks that it is business design really improves being able to follow-up on revenue since with the ability to contact its network of just one.7 million marketers worldwide in case of an item problem, who consequently can contact their clients. Stores or any other sales techniques might not have records of person consumer purchases.

“Our 1.7 million Herbalife Independent Marketers understand the advantages of our items,” stated Michael O. Manley, chairman and ceo of Herbalife. “Along with this scientific and medical staff and experts, they're positive about our science. In excess of 28 years, our Marketers have labored carefully using their clients to attain more healthy lives by mixing using our items with moderate exercise along with a healthy, active lifestyle.”

About Herbalife Ltd.

Herbalife Ltd. is really a global multilevel marketing company that sells weight-management, diet, and private care items meant to support the kitchen connoisseur. Herbalife items are offered in 65 nations via a network well over 1.7 million independent marketers. The organization props up Herbalife Family Foundation and it is Casa Herbalife program to create good diet to children. Check out Herbalife Investor Relations for further financial information.

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