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In Brief: Nutrition for Life

This article was originally published in The Tan Sheet

Executive Summary

Nutrition for Life: Securities & Exchange Commission investigation of the Houston-based network marketing firm has been terminated and "no enforcement action has been recommended to the commission," NFL announces Dec. 11. The company disclosed in April that the SEC was looking into possible federal securities violations ("The Tan Sheet" April 8, In Brief). NFL separately reports that sales more than tripled in fiscal 1996 (ended Sept. 30), reaching $97.4 mil., compared to $32.3 mil. the year before. Net income also tripled to $8.7 mil. from $2.2 mil. The firm notes that its distributor base grew over 50% from 57,300 at the end of FY 1995 to 87,400 at the close of the recent fiscal year...
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