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Helo Corp, the parent company of Vyvo, has stated that it will “discontinue the company’s network marketing operations globally.”
While the exact date of Vyvo’s closure is unknown, a press release from Helo Corp dated September 27 indicated that it would occur in the fourth quarter of 2022.
Perhaps most notably, Helo Corp. says it plans to
To expand your business, you’ll need to implement a global affiliate marketing strategy and an online storefront.
I could be wrong, but this strategy sounds awfully similar to “screw your wholesalers over and take their clients.”
Early in 2019, Vyvo debuted as a refresh of World Global Network, which had itself been a refresh of Global Mobile Network.
In March of 2019, we conducted a review of Vyvo. The “unbelievably dirty” state the company was in did not impress us.
The formal organizational structure of Vyvo has always been deliberately vague, but Fabio Galdi ultimately owns the company.
Galdi (on the right) holds the titles of Chairman of the Board, Chief Executive Officer, and President of Vyvo and Helo Corp, respectively.
It’s interesting to note that Helo Corp very recently, in April, predicted a 685% growth in yearly net profits for 2021.
This contradicts their press release from September 27 in a major way.
“Our revenue continues to be significantly impacted by challenging market conditions,” stated CEO Sean McVeigh, referring to the company’s network marketing distribution channel.
I don’t know the exact numbers, but it seems like Vyvo’s website traffic has decreased across the board.
Cryptocurrency support, which Vyvo offers, may also have a role.
Whether the future of the blockchain is bright or cloudy, Helo Corp plans to keep moving forward with its existing infrastructure.
The company intends to begin contributing to the creation of a blockchain-based decentralized health data platform in the fourth quarter, with the goal of empowering our customers to retain ownership of, control over, and profit from their individual health data.
I don’t understand why someone would want their private medical history to be stored on a blockchain, where it may be accessed by anyone.
