Golden Gate Captial, owner of Neways Neways Convention, 2010

 

Corporate officer spoke of the partnerships that Golden Gate has with other companies. World class, high growth areas of consumer products.

 

They used to own Herbalife, it was sold to a private buyer and went IPO.

 

Golden Gate did not falter bad losses in the recession of the past few years. They do not own exotic securities, mortgage banks, no speculative investments.. They are invested in the health and wellness field. They invested 2 billion dollars in buying companies in the past couple of years, including buying Eddie Bauer,

 

Why they picked Neways? Because Neways is already a successful company in over 30 countries worldwide with clean products. Golden Gate supports the powerful Neways mission and materials used to manufacture some of the best products in the world.

They see that the market is leading huge growths in this field and tremendous geographic expansion.

They stated that our distributors and corporate staff are the most capable and enthusiastic distributors anywhere. Especially impressed with the huge success and growth in Japan.

Revenues for Neways was up 3% for first 3rd of this year, and distributors are increasing every month.

 

Neways is opening new markets and Golden Gate are patient investors in for the long term goal. They are thinking about Neways becoming IPO when the time is right.

 

Scott St. Clair is the new CEO, replacing Eric Larsen, who had to take a leave to preserve his family life (as he was gone too much on the Neways mission for the past 5 years).

Scott grew up in Long Beach, CA (where I grew up my first 7 years also).

 

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