Reliv to buy out top distributor

{ Posted on Sep 08 2009 by David }
Tags : ,
Categories : Reliv

relivReliv International Inc. plans to purchase one of the company’s independent distributors for nearly $2.1 million.

Michael and Julie Williams of Eureka, Mo., are selling the distributorship, according to a filing Thursday with the U.S. Securities and Exchange Commission. Their business was one of the most successful Reliv franchises.

At closing, Reliv has agreed to pay the Williams $500,000 in cash and pay off $216,000 of their company’s debt. Reliv will pay them the remaining $1.3 million in installments of nearly $19,000 a month over seven years at a rate of 5 percent interest.

Share and Enjoy:
  • Print
  • email
  • Twitter
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine

Post a Comment