Neways

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Neways International
Type	Private
Founded	1992
Headquarters	Springville, Utah
Key people	Eric Larsen, CEO Scott St. Clair, CFO Chris Crump, Chief Counsel
Industry	Multi-level marketing
Employees	Over 1,200
Website	www.neways.com

Neways International is a privately held American multi-level marketing organization, which manufactures their own consumable products and has a presence in over 40 countries.^{[citation needed]} Neways is a major employer in Utah County, Utah, where it has its headquarters. The company claims that its products are chemically safer than other brands.

Neways was acquired November 8, 2006, by Golden Gate Capital, a private equity firm headquartered in San Francisco, CA.^{[citation needed]}

1 Products
2 Controversy
3 References
4 External links

[edit] Products

Neways’ stated goal is to help people maximize their health and beauty while minimizing their exposure to potentially harmful ingredients. “By replacing mainstream products with Neways products in our three main product categories,” according to the company, “people can transform their homes into Neways Healthy Homes.”

Neways claims that it not only refuses to put potentially harmful ingredients into its products, but it strives to add “wholesome, gentle, health-enhancing” ingredients to every product it creates.

[edit] Controversy

In 1993 Neways was forced to recall a weight loss product, as it was found to contain a potentially fatal dose of the prescription diuretic furosemide [1].

In 2004 Neways was convicted on criminal charges relating to the distribution of a pharmeceutical product containing human growth hormone (HGH), which is illegal to distribute without a prescription [2].

In 2005, the founders Thomas and Leslie Mower were convicted of tax fraud concealing over $4 million US dollars of revenue. They also presented false loan documents and lied to IRS special agent. [3]

In 2008, Neways Japan Ltd. was asked to postpone new sponsorhsip of distributors by METI during a three month period - February 21th to May 20th.^[1]