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FLORIDA, PENNSYLVANIA, OHIO, ILLINOIS, MICHIGAN FINALIZE INVESTIGATIONS OF NU SKIN INTERNATIONAL - SETTLEMENT REACHED

 FLORIDA, PENNSYLVANIA, OHIO, ILLINOIS, MICHIGAN


FINALIZE INVESTIGATIONS OF NU SKIN INTERNATIONAL - SETTLEMENT REACHED
 PROVO, Utah, Jan. 2 /PRNewswire/ -- Nu Skin International Inc. today formalized settlement agreements with Florida, Pennsylvania, Ohio, and Illinois after months of investigation into the marketing practices of Nu Skin. Under the Assurances of Voluntary Compliance, accepted by the states, Nu Skin admitted no wrongdoing and committed to sound consumer protection principles. These come on the heels of a settlement reached with the state of Michigan announced last week.
 The agreements constitute a full and complete resolution of all matters covered by the reviews in each state. A review of Nu Skin is still underway in the state of Connecticut.
 Under the terms of the agreement, Nu Skin has consented to formalize and make permanent its current policy of offering, with no time limit, a 90 percent refund to distributors who wish to return reasonably sound, unopened, unaltered products and sales aids produced by the company. This policy has been instituted nation wide. Nu Skin has also agreed to reemphasize its retail sales program in its marketing materials, expand its training materials, monitor compliance with retailing requirements by independent Nu Skin distributors and review all distributor produced sales aids.
 "We are extremely pleased with the resolution of these matters. Nu Skin is a better company because of the reviews. These agreements clearly show that Nu Skin is not a pyramid," said Nu Skin's Executive Vice President Steven J. Lund.
 "Nu Skin is a responsible corporate citizen. The company's open and cooperative policy was helpful in obtaining a quick, fair resolution to the inquiries. Nu Skin will continue to work with regulators to assist them in their duties. The extension of our refund policy should give confidence to regulators and independent Nu Skin distributors nationwide. Nu Skin is here for the long haul. We don't want anyone to have excess products. If they do, we want them to send them back. We think that is fair and hope others in the industry will follow our lead. Nu skin is among the most consumer protective companies in the industry," stated Lund.
 "Nu Skin's return rate for products has averaged less than 1 percent over nearly eight years. Consequently, the company is entirely confident that very few people have more products than they want. Nevertheless, it is the company's intention to protect the consumer in all instances," said Lund.
 Lund further stated Nu Skin was grateful for the professional manner in which the states conducted their reviews. "They have been as responsive to our inquiries and concerns as we have been to theirs. Their willingness to engage in meaningful and constructive discussions made these settlements possible," said Lund.
 Nu Skin is a Utah-based, privately held corporation that distributes hair care, skin care, and nutritional products through a network of more than 100,000 independent distributors in the United States, Canada, Hong Kong and Taiwan. The corporation was organized less than eight years ago, and has grown to nearly $500 million in annual wholesale sales. Earlier this year Nu Skin opened a 200,000 square-foot warehouse and distribution center in Provo, and will open its new 10-story headquarters building in February 1992. It also has distribution centers in Atlanta, Toronto, Hong Kong and Taipei, and plans to expand into several other foreign markets in the coming year.
 -0- 1/2/92
 NOTE TO EDITORS: Nu Skin International Inc. is a Provo, Utah based corporation specializing in personal care products. Wholesale sales are expected to reach $500 million in 1991. That is up from $230 million in wholesale sales in 1990.
 The corporation employs approximately 2,400 company-wide who support more than 100,000 independent distributors throughout the United States, Canada and Hong Kong. Nu Skin distributes nearly 60 premium-quality hair care, skin care, and nutritional products.
 /CONTACT: Jason E. Chaffetz of Nu Skin International, 801-377-6056, Ext. 2776, 801-376-8895 (Cellular) or 801-373-6021 (Home)/ CO: Nu Skin International Inc. ST: Utah, Florida, Pennsylvania, Ohio, Illinois IN: SU:


MC -- DV004 -- 6227 01/02/92 15:01 EST
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Date:Jan 2, 1992
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