Agel Enterprises, LLC
| LLC | |
| ISIN | 🆔 |
| Industry | Multi-level marketing |
| Founded 📆 | Provo, Utah (2005) |
| Founder 👔 | Glen Jensen, |
| Headquarters 🏙️ | , Unknown , |
Area served 🗺️ | |
| Products 📟 | Nutritional supplements |
| Revenue🤑 | US$37[1] Million (2013) |
| Members | |
Number of employees | Unknown |
| 🌐 Website | www.agel.com |
| 📇 Address | |
| 📞 telephone | |
Agel Enterprises, LLC, a nutritional supplement supplier, is a multi-level marketing (MLM) company which was founded in March 2005 in Provo, Utah, United States.[2]
Revenue[edit]
| Year | Revenue[3] ($) |
|---|---|
| 2005 | 9 |
| 2006 | no data |
| 2007 | 89M |
| 2008 | 100M |
| 2009 | 175M |
| 2010 | 80M |
| 2011 | <80M |
| 2012 | <65M |
| 2013 | 37M |
| 2014 | <36M |
| 2015 | <35M |
| 2016 | no data |
| 2017 | no data |
| 2018 | no data. Agel Enterprises' owner JRJR has not filed quarterly statements with the FTC since 2016. Stock trading Halted. JRJR delisting process begins April 3, 2018. [4] |
History[edit]
The founder, Glen Jensen, previously worked in other MLM companies such as Nu Skin Enterprises and Neways, and has served as a member of the CEO Council of the World Federation of Direct Selling Association.[5] Agel Enterprises moved its global headquarters from Provo, Utah to Lehi, Utah in In September 2008, and then to Pleasant Grove, Utah in June 2014. In 2017, Agel Enterprises closed its Pleasant Grove headquarters. Agel markets vitamin products which it describes as "suspension gel technology", taken in gel form rather than tablets.
Business model[edit]
The company follows the structure of a multi-level marketing two-leg commission model where the recruited sales force is broken down into a "stronger" and "weaker" leg by which participants receive 10% commission from their "weaker" leg of recruited sales force.[6]
Criticism[edit]
While the individual ingredients used in many cases have information published on them, there have been no independent studies conducted to attest to the value of Agel products, that they are safe or effective when taken as directed or validating the benefits of delivery through gel.
In October 2013 Agel joined Avedisco, an association of direct selling companies.[7]
See also[edit]
References[edit]
- ↑ Agel'S $37 million revenue brings CVSL total to $140 million
- ↑ Agel Company FAQ Archived March 4, 2008, at the Wayback Machine
- ↑ Direct Selling News
- ↑ https://finance.yahoo.com/quote/JRJR?p=JRJR
- ↑ WFDSA CEO Council List[permanent dead link]
- ↑ "Agel Compensation Plan" (PDF). Retrieved 29 June 2012.
- ↑ http://www.agcm.it/trasp-statistiche/doc_download/3284-32-12.html[dead link]
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