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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Mar. 2, 7:33 PM

Slide #24. CVSL Inc. Secondary Offering

Company: CVSL Inc. (AMEX:CVSL)
Date announced: 2/24/2015
Secondary Offering Details: CVSL Inc. (AMEX:CVSL) ("CVSL" or the "Company") today announced that it intends to offer for sale shares of its common stock in an underwritten public offering. The Company intends to use the net proceeds from this offering for the acquisition of other businesses that it believes are synergistic with its current businesses, including up to $5,515,731 to acquire Kleeneze Limited, and for general working capital purposes, including ongoing operations, expansion of the business and further research and development. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

CVSL, through its subsidiary, Happenings Communications Group, Inc. (HCG), operates in the publishing and advertising industry, and its primary business is publishing a monthly magazine, Happenings Magazine. HCG also provides advertising agency and creative services to the general public. In addition, Co., through its subsidiary, The Longaberger Company (TLC), is engaged in the direct-selling business and is a maker of handcrafted wooden baskets as well as a seller of a range of home and lifestyle merchandise, such as pottery, tabletop and kitchen items, wrought iron and other home decor products. TLC also provides a line of ceramic cookware products under the brand Flameware™.
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Company Name:  CVSL Inc
Sector:  Publishing & Printing
 

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March 2, 2015    7:33 PM Eastern
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