Shareholders Foundation, Inc.

Investor Alert: USANA Health Sciences, Inc. (NYSE:USNA) Under Investigation

An investigation for investors in NYSE:USNA shares over potential securities laws violations by USANA Health Sciences was announced and NYSE:USNA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 

San Diego, CA -- (ReleaseWire) -- 07/22/2014 -- An investigation on behalf of investors of USANA Health Sciences, Inc. (NYSE:USNA) shares was announced concerning whether certain officers and directors of USANA Health Sciences, Inc. (NYSE: USNA) violated state or federal laws.

Investors who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of USANA Health Sciences, Inc. (NYSE:USNA) concerning whether a series of statements by USANA Health Sciences regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

USANA Health Sciences, Inc. (NYSE:USNA) reported that its Total Revenue rose from $648.73 million for the 12 months period that ended on Dec. 29, 2012 to $718.17 million for the 12 months period that ended on Dec. 28, 2013 and that its respective Net Income increased from $66.43 million to $79.02 million.

Then on July 15, 2014, a report was published that alleged that nearly 33% of USANA Health Sciences, Inc. sales and 50% of its revenue growth stemmed from "widespread illegal MLM operations in China." Furthermore, the report stated, that "USANA Health Sciences, Inc. is one of the most egregious violators of China's 'anti-pyramid scheme laws' which effectively prohibit MLM's primary business model -- multi-level compensation schemes for recruiting and enrolling new sales agents" and that "USANA Health Sciences, Inc. doesn't even own a retail license in China for neutraceutical product; its entire mainland operation for distributing them requires the charade of Hong-Kong sales associates who actually live and operate in mainland China."

Shares of USANA Health Sciences, Inc. declined from $79.60 per share on July 14, 2014 to $72.10 per share during July 16, 2014.

On July 18, 2014, NYSE:USNA shares closed at $72.75 per share.

Those who purchased shares of USANA Health Sciences, Inc. (NYSE:USNA), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com