The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Nu Skin Breaks Ground on State-of-the-Art Innovation Park in Shanghai China

Monday, December 19, 2011

Nu Skin Breaks Ground on State-of-the-Art Innovation Park in Shanghai China07:30 EST Monday, December 19, 2011   PROVO, Utah, Dec. 19, 2011 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) announced today the ground breaking of its new Greater China Innovation Park in Shanghai, China. The approximately $50 million, state-of-the-art complex will serve as the headquarters for the Greater China region and feature world-class anti-aging research and development laboratories, as well as manufacturing facilities, modern meeting spaces and spacious green areas. "The new Greater China Innovation Park is a testament to the vast opportunity and great potential we see for our Greater China business, particularly mainland China," said Truman Hunt, chief executive officer. "This new facility will be the single largest Nu Skin corporate complex in the world, representing our continued focus on innovation, as well as our unyielding dedication to providing our distributors with innovative products, rewarding business opportunities and an enriching, uplifting culture."The Nu Skin Innovation Park will be located in the heart of Shanghai's Fengxian District. It will be situated on 57 acres and the facility will compass approximately 33,000 sq. meters, or 355,210 sq. ft. The facility's new anti-aging laboratories will also bring most of Nu Skin's China-based scientists together, fostering additional collaboration and advancement opportunities. The company anticipates the completion of the Innovation Park to be mid-2013 and is seeking LEED Gold certification for the facility's environmentally-conscious features. The unique design and planning of the park was done by the one of the key architects who participated in the Shanghai World Financial Center project, one of the city's premiere landmarks."The groundbreaking of the new Greater China headquarters and Innovation Park is a significant event, helping usher in a new era of greater innovation, opportunity and prosperity for our distributors and employees," said Andrew Fan, president of Nu Skin's Greater China region. "We believe that Nu Skin has a great future in Greater China, particularly in mainland China, and are pleased to be planting roots in the thriving city of Shanghai and contributing to its flourishing business community."About Nu Skin Enterprises, Inc.Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company's scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC? science that addresses aging at its source. The company's anti-aging products feature the new ageLOC suite of products including the ageLOC R2 nutritional supplement, ageLOC Galvanic Spa System and Galvanic Body Spa?, as well as the ageLOC Transformation daily skin care system. A global direct selling company, Nu Skin operates in 52 markets worldwide and has more than 825,000 independent distributors. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS." More information is available at http://www.nuskin.com. Please note: This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's results of operation and strategy. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties discussed in company filings with the U.S. Securities and Exchange Commission, which could cause the company's actual results to differ materially from expected results. The company undertakes no obligation to publicly update any forward-looking statement contained in this press release, whether as a result of new information, future developments or otherwise, except as may be required by law.  SOURCE Nu Skin Enterprises, Inc.For further information: CONTACT: Kara Schneck, +1-801-345-2116, kschneck@nuskin.com, Scott Pond, +1-801-345-2657, spond@nuskin.com