**** trademark of Immunotec Research Ltd.
Immunotec Research Ltd.
Copyright Jeffrey Babener www.mlmlegal.com
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Founding Story
Immunotec Research is located in Montreal, Canada. James A. Northrop is the president and CEO of the Company. Dr. Gustavo Bounous, MD is the director of research and development. He was the one who discovered Immunocal/HMS 90. In 1978, Gustavo (www.mlmlegal.com) started studying the development of a dietary protein source from whey concentrate.
He has received several honors including:
• Honored as a Career Investigator of the Canadian Research Council
• Recipient of the Medal of Royal College of Physicians
• Lifetime member of the Research Council of Canada
Dr. Wulf Droge, Ph.D. is the senior vice president of research and development. He has devoted over 40 years to basic and clinical research that form the basis for the design of safe, effective, new Immunotec products. His accomplishments include:
• Published over 260 times in peer-reviewed publications
• Postdoctoral fellowships at the Max Planck Institute and Harvard University
• Continues to write articles and teach at McGill University
Immunotec was founded in 1996.
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Impact on the Industry
Immunotec is a member (www.mlmlegal.com) of the Direct Selling Association and the Canadian Direct Selling Association.
Discussion of Products
Immunotec Research sells health, nutrition, well-being, weight management, fitness, beauty and body products. This includes skin creams, toothpaste, concentrates, Omega-3 and other products.
Discussion of Opportunity
For information on becoming a distributor, individuals must contact a representative in their area. The Company presents information about compensation plans as follows:
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Discussion of Distributor Base and Sales Volume in U.S.
Immunotec Research utilizes a multi-level compensation plan and a person-to-person sales strategy. It operates in the United States, Australia, Bahamas, China, (www.mlmlegal.com) Germany, Ghana, Guatemala, Guyana, Honduras, Hong Kong, Indonesia, Ireland, Israel, Jamaica, Japan, Kazakhstan, Kuwait, Malaysia, Nigeria, Philippines, Singapore, Taiwan, Thailand, Trinidad and Tobago, Venezuela and Viet Nam.
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Investment bank, La Caisse de depot et placement du Quebec, invested $9 million and acquired a 15% stake in Immunotec in 2006.
Company website: www.immunotec.com
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Jeffrey A. Babener, principal attorney in the Portland, Oregon, law firm Babener & Associates, represents many of the leading direct selling companies in the United States and abroad.
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