Nature’s Sunshine to Seek Review of Administrative Law Judge Initial Decision Revoking Registration

Nature’s Sunshine Products, Inc. (OTC: NATR), (“Nature’s Sunshine” or the “Company), a leading manufacturer and marketer of encapsulated herbs and vitamins, today announced that on November 8, 2007, an administrative law judge in an administrative proceeding instituted by the Division of Enforcement of the Securities and Exchange Commission pursuant to Section 12(j) of the Securities Exchange Act of 1934 issued an Initial Decision to revoke the registration of the Company’s common stock. Nature’s Sunshine currently is evaluating the Initial Decision and intends to timely file a petition for review with the Commission. The Initial Decision will not become final pending any such review.

The Initial Decision stated that revocation was based on Nature’s Sunshine’s failure to file required annual and periodic reports with the SEC. The Initial Decision recognized that Nature’s Sunshine has made extensive efforts toward remedying its reporting violations. The Initial Decision further noted that although Nature’s Sunshine has been working diligently to return to compliance, at this time, it is unable to project a date as to when it will file past-due and current periodic reports.

Although Nature’s Sunshine intends to appeal the Initial Decision to the Commission, it cannot at this time predict the outcome of the appeal. Similarly, the Company cannot predict what, if any, impact the Commission’s determination may have on its financial statements or the materiality of such impact, if any. If a final order is issued by the Commission revoking the registration of Nature’s Sunshine’s common stock, broker-dealers would not be permitted to effect transactions in the Company’s shares until the Company files a new registration with the SEC under the Exchange Act and that registration is made effective. The Company does not believe that the initial decision or any final revocation order would otherwise have a material impact on the Company's business operations.

About Nature’s Sunshine Products

Nature's Sunshine Products manufactures and markets through direct sales encapsulated and tableted herbal products, high quality natural vitamins, and other complementary products. In addition to the United States, the Company has operations in Japan, Mexico, Central America, South Korea, Canada, Dominican Republic, Venezuela, Ecuador, Peru, the United Kingdom and Ireland, Colombia, Brazil, the Russian Federation, Thailand, Israel, Singapore, Australia, Taiwan, Hong Kong, Indonesia and Malaysia, Austria, Germany and the Netherlands. The Company also has exclusive distribution agreements with selected companies in Argentina, Australia, Chile, New Zealand, and Norway.

Article Source: http://www.share.onlypunjab.com

For more information visit www.natr.com.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated