One of the most important basics for a Direct Selling Company: Does the CEO have MLM – Network marketing field leadership experience?. If not, it rarely will be a succesfull journey….
In March 2015 we reported LiveSmart360 was in trouble: Leaders not paid, vendors not paid, employee lay-offs.
Chuck Hallberg, an investor without MLM field leader experience, and CEO, took over in Early 2014 replacing Founder Mark McCool. Contrary to the statement provided to us by the Company, this transition was not peaceful.
According to an email to the distributors:
It is with deep regret that we write to formally inform you of the permanent closure of all LiveSmart 360 & Sora Wellness business operations.
We have had a long history within our industry and have forged many friendships and invaluable partnerships around the world; but have since found it impossibly difficult to cope with the high costs of financially supporting a worldwide sales organization successfully in the current harsh economic climate.
We have explored every option to keep our doors open without success; and as a result, we are left with no option but to close our doors.
Today, Friday October 30th is our last day being open officially for business with limited service availability.
We will close out the month as normal, bonuses will be paid, and ALL EXISTING PRODUCT BACKORDERS WILL BE FULFILLED.
Our entire staff is extremely proud of our Members and their many years of loyalty to the mission, vision, and products of LiveSmart 360 & Sora Wellness.
We understand the suddenness of this announcement and regret the inconvenience the closure will likely cause.