Nov 4, 2008
MonaVie: Safety in a Storm
Amid these troubled economic times, many people are worried about their jobs. MonaVie distributors, however, have no reason to worry about their MonaVie incomes, even as the troubled times bring turmoil to markets around the world. In fact, turbulence brings opportunity for distributors as more and more people are now looking to supplement or replace their incomes.
People may ask you: Why is MonaVie different? Or, why won't MonaVie be impacted adversely by the current economic crisis, which most people now recognize as a recession?
The answer to this question is found in the underlying cause of the global economic crisis: too much debt. Almost all debt in the global economy is packaged up and sold in chunks, in a process known as securitization. These chunks of debt, a variety of derivative securities, have nearly stopped trading completely, bringing lending of all sorts to a stop. All of this is a result of over leveraging in a variety of industries—from residential lending to leveraged financing for corporations.
For companies that require debt financing to operate, friction in the credit markets represents a near fatal risk. Banks are taking every opportunity to reduce their lending exposure by cutting off or reducing advances to marginal customers. For those companies that need to borrow money to cover inventory purchases or payroll, the credit crunch threatens their ability to continue operating.
MonaVie is different because we don't need to borrow money to buy products or to pay distributors. Instead, MonaVie generates cash to fund all of its obligations, while still achieving profitability. MonaVie has no debt, and MonaVie distributors have nothing to worry about.
We hope you continue to find safe harbor with MonaVie during the storm of these troubled economic times.
Devin D. Thorpe
Chief Financial Officer
Devin D. Thorpe is the Chief Financial Officer of MonaVie LLC. Previously, he led Thorpe Capital Group, a middle market investment banking firm. He also served as the Treasurer for USANA Health Sciences, Inc. (Nasdaq: USNA). His prior experience also includes assignments with the State of Utah and the U.S. Senate Banking Committee staff. He earned his MBA at Cornell University's Johnson School of Management.