Contact Information: Contact: Jean Bono Natural Health Trends Corp.
Natural Health Trends Corp. Pursues Legal Actions Against Company Founder
| Source: Natural Health Trends Corp.
DALLAS, TX--(Marketwire - June 30, 2008) - Natural Health Trends Corp. (NASDAQ : BHIP )
announced today that it has filed a lawsuit against Terry LaCore, the
Company's founder and a former director and executive officer. The lawsuit
charges Mr. LaCore and his company, bHIP Global, Inc., with numerous
unlawful acts, including employee raiding, theft of confidential
information and trade secrets, tortious interference and unfair
competition. The legal action was filed in a state court in Dallas, Texas.
Among other things, the lawsuit alleges attempts by Mr. LaCore and his
company to induce employees, distributors and vendors to breach contractual
agreements and to disclose confidential information. It also accuses Mr.
LaCore of deliberately naming his latest network marketing project and
product using Natural Health Trend's stock ticker symbol for the purpose of
confusing the marketplace and investors.
Natural Health Trends also sought and obtained a temporary restraining
order to immediately halt the unlawful use of its confidential information
and interference with its contracts with employees, distributors and
vendors pending further action of the court.
Chris Sharng, President of Natural Health Trends Corp., said, "Our lawsuit
describes dishonest and unethical conduct that is increasingly blatant. It
seeks to stop that conduct and end an illegal assault on our relationships
with our distributors, employees and vendors. We intend to use all legal
means in any and all jurisdictions to prevent further attempts to undermine
our business."
About Natural Health Trends Corp.
Natural Health Trends Corp. is an international direct-selling and
e-commerce company operating through its subsidiaries in Asia, North
America, Europe and Latin America. The company markets premium quality
personal care products under the NHT Global brand. Additional information
can be found on the company's website, and management encourages interested
parties to register for updated corporate information via email on the
company's home page, www.naturalhealthtrendscorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 -- Forward-looking statements in this release do not constitute
guarantees of future performance. Such forward-looking statements are
subject to risks and uncertainties that could cause our actual results to
differ materially from those anticipated. Such risks and uncertainties
include the risks and uncertainties detailed under the caption "Risk
Factors" in our Annual Report on Form 10-K filed with the Securities and
Exchange Commission on March 31, 2008. We assume no obligation to update
any forward-looking information contained in this press release or with
respect to the announcements described herein.