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Revenue Jumps 19% at Nu Skin

2010-02-04 | 09:48

It's a new year for Nu Skin Enterprises, Inc. and the future is looking bright. The company - also commemorating its 25th anniversary - posted favorable record fourth-quarter and annual results. Revenue for the quarter rose 19% to $378.1 million.

The company generated record annual revenue of $1.33 billion in 2009 - a 7% improvement over the prior year.

"We finished our 25th anniversary year on a high note with record revenue, a record launch of our new skin care system, and a record number of executive distributors," said Truman Hunt, president and chief executive officer. "Each region is contributing to our growth, with particularly strong double-digit gains in South Korea, the Americas, China, Southeast Asia and Europe.

"The introduction of the ageLOC anti-aging skin care system has been very successful," added Hunt. "In January 2010, we also introduced a new and improved version of our best-selling Galvanic Spa to our ageLOC product suite. This new ageLOC Galvanic Spa includes technical advancements that make it more user-friendly, while significantly improving delivery of ageLOC ingredients to the skin.

"Overall, we are optimistic about continuing our momentum into 2010. Our efforts are being rewarded with increased sales, improved productivity and strong product opportunities that will propel our business forward. As we build on our unique ageLOC platform, we will begin integrating ageLOC into our nutritional line in late 2010. We believe this will further differentiate Nu Skin in the anti-aging category by leveraging our unique ability to address the sources of aging both internally and externally," concluded Hunt.





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