Business Services Industry
Herbalife Statement
Business Wire, May 20, 2008
LOS ANGELES -- Herbalife Ltd. (NYSE:HLF) issued the following statement in response to allegations from the Fraud Discovery Institute that its products may pose a consumer safety concern, and that trigger a California proposition 65 warning for lead content.
We have confidence in the safety of our products. It is irresponsible to equate Prop 65, which concerns disclosure, with the safety of our products.
Prop 65 is a consumer disclosure and labeling statute requirement that under certain circumstances requires the disclosure of the presence of any of approximately 800 specified chemicals (including lead).
Our products fall within FDA suggested guidelines for the amount of lead that consumers can safely ingest through their diet and the FDA sets specific limits on lead content in certain foods.
Our products include natural ingredients, and trace levels of naturally occurring lead is present in virtually all natural ingredients. This is not a question of contamination resulting from the manufacturing process or as a result of unsafe handling. In the past, several common foods, such as chocolate, have come under question of Prop 65.
We follow established written quality assurance and quality control procedures. We stand behind the safety of our ingredients and products.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global network marketing company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 65 countries through a network of 1.8 million independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to bring good nutrition to children. Please visit Herbalife Investor Relations for additional financial information.
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