LifeVantage Corporation, announced that, at the unanimous recommendation of its Board of Directors, it has terminated for cause its relationship with Jason Domingo and Ovation Marketing Group, Inc., one of the Company's lead distributors.
In 2009 Jason Domingo was terminated by Zrii for moving his team to LifeVantage.
The Company also announced that it has filed law suit against Mr. Domingo and Ovation in Federal Court in the State of Utah for breach of contract and misappropriation of trade secrets.
"We are absolutely committed to vigorously protecting the businesses of our loyal independent distributors," said LifeVantage President and Chief Executive Officer Douglas C. Robinson.
Mr. Robinson continued, "Our Board of Directors believes that this action is appropriate in light of Mr. Domingo's actions and is critical to protect the interests of the entire LifeVantage family, including distributors, employees, preferred customers and investors."
In 2009 LifeVantage and Jason Domingo stated:
David Brown, LifeVantage President and CEO:
“We are extraordinarily fortunate to join forces with Jason Domingo, Tyler, Marcell and their team. Their one year revenue growth record is legendary in the industry and we believe could significantly impact LifeVantage’s rapid expansion into the network marketing sales channel.
Every network marketing company in the industry would love to have this team and the fact that they chose to join us is a testament to the strength of the science behind Protandim and that they share our belief that this can become a powerful, global brand.”
Jason Domingo said in 2009:
"It is an exciting time to be on the ground floor of the LifeVantage home-based business opportunity. Our distributor team is proud of our reputation and track record in the network marketing industry and therefore was extremely selective when reviewing potential network marketing homes.
We selected LifeVantage for its unique ability to affect lives globally. In our opinion, Protandim, backed by peer reviewed studies, is in a product category all by itself and clearly delineates the LifeVantage opportunity from its network marketing counterparts."
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq:LFVN), a leader in Nrf2 science and the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, TrueScience® Anti-Aging Cream and LifeVantage® Canine Health , is a science-based network marketing company.
LifeVantage is dedicated to visionary science that looks to transform wellness and anti-aging internally and externally with products that dramatically reduce oxidative stress at the cellular level. The Company was founded in 2003 and is headquartered in Salt Lake City, Utah .
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