Herbalife Ltd. (NYSE:HLF) today announced the opening of business in Costa Rica, its second Central American country and now the 62nd country where Herbalife products will be sold through the company's network of independent distributors. Sergio Medina, vice president, Mexico and Central America, will oversee the day-to-day operations in Costa Rica. The company's head office will open for business in San Jose on April 25, 2006.
Herbalife was established in California in 1980 and began doing business in the Central American region in 2000 in Panama. Today, it is present in thirteen countries in the Americas region.
"At Herbalife we believe in creating environments of opportunity for everyone. Opening for business in this Central American country is yet another avenue to assist Costa Ricans in building their own business in this industry, whether on a part-time or full-time basis," said Greg Probert, president and chief operating officer. "Our products have universal appeal due to the need for improved nutrition around the world."
