Omegatrends - how does it really work?

Answer 1

Omegatrend is an Australian multi-level marketing company. It was founded in 1990 in Perth, Western Australia by Loren Watts and Sandra Watts, who had achieved Diamond (a significant level) in Amway.



In May 2006, Omegatrend called in administrators from insolvency accounting firm PPB. Omegatrend's suppliers were owed $2 million and Omegatrend directors have said they are fully committed to preserving all members' rights and to fixing the group's financial problems.

Business transactions and functions with most of the countries from the Rapid Global Expansion Program have since been suspended.

As of June 2006, Citibank has withdrawn alliance with Omegatrend due to the company being under administration.

The New Zealand Herald published details of a deal by New Image Group of New Zealand to buy Omegatrend, and absorb it into its direct selling operations [1].