LOS ANGELES--(BUSINESS WIRE)--March 28, 2002--Timothy J. Sweeney, Senior Vice President for Finance and Compliance of Herbalife International, Inc. (NASDAQ NM:HERBA)(NASDAQ NM:HERBB), today announced the expansion of its new sign restriction policy on a worldwide basis.
Last week, Herbalife announced a new policy in the United States and Canada to prohibit its Independent Distributors from posting advertising signs on any public property or on any private property without the express permission of the owner, even if such posting is allowed by state or local laws.
Today, Mr. Sweeney announced the expansion of that policy to its Independent Distributor activities in all countries where Herbalife conducts business.
"The expansion of our new policy is a logical step in providing our Distributors with clear and consistent guidance regarding our new sign policies on a worldwide basis," said Mr. Sweeney. "We appreciate the overwhelming support we have received from our Distributors regarding this new policy, as well as the support of the public and numerous Code Enforcement officials throughout the United States and the world."
Herbalife manufactures a wide range of nutritional, weight management and personal care items and markets them in 54 countries worldwide through a network of Independent Distributors who purchase the products directly from the Company. In 2001, the Company had net retail sales of $1.66 billion.