MonaVie on Inc Magazine Top 500 List
Inc. magazine (www.inc.com) today announced its 28th annual Inc. 500/5000 ranking of the fastest-growing private companies in the United States. With over 27 million businesses registered in the United States, the Inc. 500 list represents the top-tier businesses in America today. MonaVie (www.monavie.com), maker of premier acai-based nutritional and energy drink products, ranks No. 1 in the Inc. 500 Food & Beverage category, No. 3 in Revenue and No. 18 on the overall Inc. 500 list. "This achievement puts MonaVie in rarified company," says Jane Berentson, Editor of Inc. magazine. "The elite group MonaVie recently joined has, over the years, included companies such as Microsoft, Timberland, Intuit, Jamba Juice, Oracle and Under Armour." MonaVie will be featured on the Inc. 500 list in the September edition of the magazine.
MonaVie is a direct seller of nutritional beverages made from unique blends of nature's superfruits. Launched in 2005, MonaVie was created by a team of partners with extensive backgrounds in the direct selling industry and with health products. Cumulative sales topped $1 billion in 2008, and MonaVie now operates in 10 countries, with international expansion continuing.
"When Henry Marsh, Randy Larsen and I sat down at a kitchen table back in 2004 and literally dreamed up MonaVie from our hearts and minds, we knew we wanted to create a global business with a spirit of abundance and giving back," says MonaVie Founder, Chairman and CEO Dallin A. Larsen. "Being named to this list - and ranking No. 1 in our Food and Beverage Category - is a testament to dreaming big and working hard. In a short four and a half years, we have built a company that has generated what is quickly approaching $2 billion in cumulative sales. We are now perfectly positioned to expand around the world as well as throughout the United States. Considering that many other successful direct selling companies are thirty and forty years old and older, reminds me that at MonaVie, we are still in the infancy stage of our business. I believe our momentum will continue for the next several decades."
The 2009 Inc. 500/5000 list measures revenue growth from 2005 through 2008. To qualify, companies must have been founded, and must be generating revenue, by the first week of 2005, and be U.S.-based, privately held, and independent - not subsidiaries or divisions of other companies. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found on Inc.com.
About MonaVie LLC
MonaVie LLC is a rapidly growing company that distributes products to markets around the world. Introduced in January 2005, MonaVie develops and markets scientifically formulated, premium quality products, specifically for person-to-person distribution. Developed with a philosophy of Balance-Variety-Moderation, MonaVie brand products deliver phytonutrients and antioxidants to promote and maintain a healthy and active lifestyle. In June 2009, MonaVie introduced to the market a healthy alternative to traditional energy drinks. A welcomed addition to the company's premier line of products, MonaVie EMV™ (www.monavie-emv.com) contains a 100 percent natural energy blend formulated to increase performance, endurance and concentration by kicking up your energy level and keeping it there - without a subsequent crash.
The company is led by Founder, Chairman and CEO Dallin A. Larsen; Founders and Vice Chairmen Randy Larsen and Henry Marsh; President and Chief Operating Officer Dell Brown; and Chief Financial Officer Devin Thorpe.
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