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Neways Completes Restructuring

New Capital Structure Positions Company for Future Growth

SPRINGVILLE, Utah, Jan. 19, 2012 / Neways Enterprises, a worldwide leader in dietary supplements and personal care products, announced today that it has completed a comprehensive out-of-court restructuring, allowing the company to significantly reduce its debt. As a result of the transaction, private equity firm Z Capital Partners, L.L.C. and
funds affiliated with S.A.C. Capital Advisors, L.P. will in the aggregate own a majority of Neways. Golden Gate Capital will maintain an equity stake in the Company.

“We are pleased to have completed our restructuring and we appreciate the commitment that all our distributors, employees and vendors have clearly demonstrated throughout this process,” said Neways chief executive officer Scott St. Clair. “By eliminating a substantial portion of our debt, we have built a solid financial foundation that will allow us to significantly enhance our operating flexibility and further grow our business. I look forward to working with Z Capital, S.A.C. and other members of the ownership group towards achieving that goal.

“We have just concluded a fantastic year highlighted by our entrance into the Korean market,” St. Clair continued. “As we begin 2012, we remain on track to launch in Thailand and will pursue other exciting growth initiatives as opportunities arise. Further, our new capital structure will allow us to devote additional resources to developing exclusive products and IT tools, continuing to make progress on our path to environmental and social leadership, as well as preparing for our biggest-ever global reward trip to celebrate Neways’ 25 years of success in 2012. Neways truly has a bright future and we look forward to continuing to serve all our distributors across the world for many years to come.”

James J. Zenni, President and Chief Executive Officer of Z Capital, said, “We are excited to become shareholders of Neways at this exciting time for the Company. The restructuring has established a strong foundation for the Company and we are pleased to support Scott St. Clair and his team as they move the business forward.”

In November 2011, Neways announced that it was in active and constructive discussions with its lenders to refinance the Company’s capital structure. Today’s announcement represents a successful culmination of that process.

Representatives of Z Capital and S.A.C. Capital will join the Neways Board of Directors.

About Z Capital Partners

Z Capital Partners, L.L.C. is a leading, privately held Chicago-based middle market private equity firm that specializes in repairing the capital structures and optimizing the assets of distressed/challenged companies. Industries of interest include, but are not limited to, consumer products, steel, steel processors, agricultural, gaming, leisure/real estate, manufacturing, specialty services and automotive. Z Capital’s investors include prominent global endowments, financial institutions, pension funds, insurance companies, foundations, family offices, and wealth management firms. For more information, please visit www.zcap.net

About S.A.C. Capital Advisors

S.A.C. Capital Advisors, L.P. is a private asset investment firm with over $13 billion in assets under management.

Posted in News Release.

By colette
January 20, 2012

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Neways Launches New Philanthropic Program: Neways Gives

SPRINGVILLE, UTAH (January 05, 2012) — Formalizing its already-existing program for donations and humanitarian efforts, Neways today announced the formation of the Neways Gives program. The effort commences with a partnership between Neways and the organization Mali Rising Foundation to construct a school in an impoverished area of Mali, West Africa.

“Part of the Healthy Homes mission is to assist in establishing healthy communities, and education is a critical foundation of any strong and self-sustaining community,” says Scott St. Clair, Neways CEO. “Neways feels fortunate to be involved in constructing a school that will ultimately lead children in Africa to a brighter future.”

Mali Rising Foundation has constructed 12 schools in Mali, Africa, the fourth most impoverished nation in the world. The founder, Yeah Samake, is a graduate of Brigham Young University and has close ties to Utah. He currently resides in Mali and is running for the office of president of that nation while participating closely in the running of the foundation.

“I could stay in America,” says Samake, “but America does not need me. Mali needs me. If you could see the joy in the children’s eyes when they realize they will have the opportunity to continue their education without facing the dangers of walking up to 20 miles round trip, you would feel the enormity of what you’ve done for them. We are so thankful to Neways and all the Neways distributors who are making this possible for these children.”

Mali Rising Foundation obtains part of the funding for the schools from private donations and part from the villages and government. The construction of the schools provides jobs to villagers, who help build, maintain, and teach at the schools. “In this way,” explains Samake, “we encourage hands up, not handouts.”

As part of the Neways Gives program, Neways also participated in donations for the Road Home homeless shelter and has announced its participation with the March of Dimes in 2012.

Posted in Corporate, Event, Local, News Release, Uncategorized.

By colette
January 6, 2012

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Neways Launches Products and Opportunity in Korea

Springville, UT (December 21, 2011)—Neways is now open for business in Korea. During well-attended events held in Seoul December 12 to 14, the company officially
launched its new Korean office, showroom, products, and business opportunity.

“We’re off to a great start in Korea,” said Neways CEO Scott St. Clair, who attended the launch events. “People are already responding with enthusiasm to our products and business opportunity, and we’re already welcoming many new members. As soon as we opened the doors, our new showroom was packed with people wanting to learn more about Neways and sign up.”

Distributor leaders from Australia, Japan, and Taiwan are taking an active role in launching the Korean market, including sponsoring and training new Korean distributors. “With our global sponsoring program, this opening is really an international event,” said sales and marketing VP Jennifer Wolbers, who participated in the Korean opening events. “Neways distributors can expand their businesses to other nations, and that’s exactly what many of our distributors from all over the world are already doing here in Korea.”

The Korea launch began with two press conferences on December 12, one of them held at the newly opened Neways office, located in Seoul’s affluent Gangnam district. The next day, Neways hosted two kickoff events, attended by 500 and 600 people respectively. That evening, Neways held its annual Japan Crystal Diamond convention in Seoul to recognize top distributors from Japan, many of whom are helping open the Korean market. On December 14, a ribbon-cutting ceremony included the traditional Korean Gosa ceremony, which is performed for new businesses to symbolically promote safety and goodwill.

“We have very high hopes for our business in Korea,” said Scott St. Clair. “The people relate with our mission to minimize exposure to scientifically controversial ingredients while maximizing health and beauty. This market will definitely play a key role in Neways’ quest to fill the world with 10 million Healthy Homes.”

Korea’s initial lineup of Neways products includes Maximol Solutions, Hawaiian Noni, Durian Fusion, Ultimate Shampoo, Exuberance Conditioner, Refresh Body Bar, Refresh Bath and Shower Gel, and Indulge Bubble Bath, with more products to come in the future.

Neways is also moving forward with preparations to open in Thailand in 2012. For more information on international Neways businesses, including a list of frequently asked questions about Korea and Thailand, please visit http://neways.com/en/opportunity/globalsponsoring.aspx.

Posted in News Release.

By colette
December 21, 2011

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Neways Distributor Participates in ABC’s Extreme Makeover: Home Edition

SPRINGVILLE, Utah (Dec. 6, 2011)—As part of ABC’s TV show Extreme Makeover: Home Edition, Neways distributor Tabitha Plake and her husband, John, recently helped build new houses for people who lost homes in the Joplin, Missouri, tornados, which occurred in May 2011. Neways supported the effort by donating personal-care products to tornado victims.

“If you ever get a chance to be part of something like that, don’t hesitate,” said Tabitha Plake, who lives in Nixa, Missouri. “They needed 10,000 volunteers and actually took 14,000. We were thrilled to have the opportunity to be there and to donate products on Neways’ behalf. It was an honor to be a spokesperson for our company.”

Immediately after the tornado disaster, Neways had sent $12,000 worth of products to Joplin through Feed the Children. “Even though Neways already donated, we were happy to give more when Tabitha approached us,” said Jennifer Wolbers, vice president of sales and marketing at Neways. “We understand that it takes lots of time and energy long after the media leaves to rebuild, and we are glad that we could continue our donations. We were especially delighted that the idea came from one of our distributors. People like Tabitha are excellent examples of leading the way to improve our communities.”

According to Plake, “While we were helping build homes, we realized that they would need personal necessities to fill these new homes with. Neways came through again in an amazing way. They shipped Convert Your Bathroom Packs for us to give to these families. We wrote a letter and shared a few of our reasons for loving Neways, and we congratulated them on their new home.”

During their volunteer time, Tabitha and John delivered interior fixtures to homes, finished drywall, and performed additional construction tasks. “On Wednesday after all our hard work, the show welcomed the families to their new homes,” said Plake. “They were all made a little healthier through the generosity of Neways. Welcome home, Joplin families!”

This episode of Extreme Makeover: Home Edition will be broadcast in January 2012.

About Neways
Founded in 1987, Neways is dedicated to helping families transform their homes into Healthy Homes. With dozens of safe, effective nutritional and personal care products that are free of controversial ingredients, the company strives to make the world a healthier place, one home at a time.

In addition to providing exclusive products, Neways enhances people’s lives with a home-based business opportunity. Several hundred thousand active Neways distributors share the products in 28 countries, with nearly half of the company’s annual revenues paid back to distributors as commissions.

Contact:
Megan Grover 801-418-2000

###

Posted in Event, Local, News Release, Uncategorized.

By colette
December 6, 2011

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Neways Establishes Environmental Council

Media Contact
Colette Dahl
Marketing and Public Relations
Neways Inc.
Phone 801 418-2527   Fax 801 418-2180

SPRINGVILLE, Utah (Nov. 21, 2011) — Highlighting its  commitment to environmental protection through innovative corporate level  initiatives, Neways announced the creation of the environmental council. Staffed by employees from many different departments and disciplines, this council is now  working to help Neways reduce its carbon footprint.

“Our  mission is to help identify and implement best practices to help our company  operate in more environmentally sustainable ways,” says Will Burgess, chairperson of the environmental council. “Our ultimate aim is to instill in our employees a sense of urgency by helping them look for ways to become more  environmentally conscious.”

Built  upon Neways’ Healthy Homes initiative, the council is also helping establish benchmarks to measure the success of the company’s environmental programs after their
implementation.

“Other than simply encouraging less waste and increasing recycling, we want to provide employees with tools and simple steps they can take to help us meet our  environmental goals,” says Vincent Gonzales, a member of the council. “We want environmental awareness to become second nature to everything we do at Neways.”

Some of the measures employees are being asked to consider include the following:

  • Discontinue the use of paper agendas for meetings. Use overhead projectors instead.
  • Recycle paper, metal, and plastic. Blue recycling bins are provided throughout the workplace and small bins are available for use at employee desks.
  • Turn off lights when not in the room or when leaving work at the end of the day.
  • Completely shut down computers each night before leaving.

“The journey of a thousand miles begins with a single step,” says Burgess. “It’s these small steps that will take Neways far in its quest to make our homes and our planet a healthier and happier place.”

Posted in Corporate, Environment, Local, News Release, Uncategorized.

By megan
November 21, 2011

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Neways in Active and Constructive Discussions with its Lenders to Refinance Capital Structure

SPRINGVILLE, UTAH (November 21, 2011) – Neways Enterprises (“the Company”), a world-wide leader in dietary supplements and personal care products, confirmed today that it is in negotiations with its lenders to refinance the Company’s capital structure.  These negotiations have no effect on the day-to-day operations of the Company and it remains business as usual.

“For the last several months Neways has been actively engaged in constructive discussions with our lenders to negotiate a restructuring that will strengthen the Company’s balance sheet and position Neways for long-term growth and success,” said Neways Chief Executive Officer Scott St. Clair.  “We are working in a consensual fashion with our lenders to finalize the refinancing.”

“Throughout this process our distributors can continue to order products, receive shipments, and get paid their commissions as they always have,” continued Mr. St. Clair.  “Our manufacturing and support facilities and all of our offices around the world continue as normal. Our business remains profitable, the revenue stream is healthy and we are operating at some of our highest efficiency levels since the Company’s start nearly 25 years ago.”

The Company noted that negotiations are ongoing and Neways will work to reach mutually agreeable terms as quickly as possible.

About Neways

Neways is dedicated to helping families transform their homes into Healthy Homes. With over 200 safe, effective nutritional and personal care products that are free of more than 3,000 questionable ingredients, the company has strived for almost 25 years to make the world a healthier place, one home at a time.

In addition to providing exclusive products, Neways enhances people’s lives with a home-based business opportunity. Several hundred thousand active Neways distributors share the products in 28 countries, with one-half of the company’s annual product revenues paid back to distributors as commissions.

Posted in News Release.

By colette
November 18, 2011

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