Nutrition Capital Network


Nutrition Capital Network news: Network Marketer Registers for IPO

FVA Ventures Inc. (Troy, Mich.) has filed a registration statement with the U.S. Securities and Exchange Commission for a potential initial public offering of Class A common stock. FVA will be renamed ViSalus Inc. in connection with the IPO. ViSalus is a direct-to-consumer health product company offering branded weight management products, nutritional supplements, and energy drinks to customers in the United States and Canada through a network marketing model. ViSalus is a majority owned subsidiary of publicly traded Blyth Inc., which would still own more than 50% of ViSalus following the IPO. Blyth markets home fragrance products and decorative accessories. FVA Ventures had net sales of $327.3 million and adjusted EBITDA of $55.2 million for the six months ended June 30, 2012.

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