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Omegatrend goes bust

Loren Watts MLM Omegatrend
It's always a sad story when you hear that a company that you've been part of has gone down the gurgler.

The reason for its demise?

Mr Rocke said the business was struggling with sales slumping to $12-$15 million per annum because in boom times members were less inclined to supplement their incomes by selling Omegatrend products.

This is certainly an interesting way to fail. Who would have thought it were even possible that as the economy increased your business prospects decreased?

Certainly in the '90's after the sharemarket crash of 1987 in a world of spiraling interest rates and businesses were going bankrupt at a great rate of knots, finding a way to bring in some extra dollars was almost a God-send. Omegatrend's founder, Mr Loren Watts, set about to create his own "Amway" and found increasing success for the first decade. Many mum's and dad's joined the business hoping to achieve some of their 'dreams' that could only be achieved through a sales system that was Omegatrend - at least that's what they told us.

As administrators were appointed there was still a salesforce of 13,000 but only 1500 were active. The business still owed creditors A$2m and 70 employees were laid off.

Look on the bright side. At least there's one less phone call we'll receive from an overzealous friend looking to build his empire.

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Comments

I was a memer for 4 years I saw the writting on the wall ith omgatrend, Loren and Sandra Set out to achive 40 million members and were hell bent on doing this no matter what, They go to greedy, to big to fast, The went to the wrong market in going to malaysia and new zealand the should have set up in india, or china as these are the growning ecomomies of the world. It is sad to see hurt people and lost promises, The Time that lauren watts spent on a beach in Hawaii will be always remembered by many people in the business as a secret leaked out wich turns out to be the truth, although the court case was one by Laren, and sandra they sold their soles to the devil by forming a secret deal with rich devos, and jay van andel, and network 21 owner and silent partner jim and jan dornan who new that amway had a bad name and formed omegatrend which is really always been amway, and will always been, once this secret had gotten out people left the organisation in droves. Amotrend as many call it is the same as dicksmith is to woolworths or harris technology is to coles, the only difference is Amway manufacturing facility is the manufacture and omegatrend, network 21, system 2000, what every you call them are the distributors and agents, and have lied to it's members the whole time forming a cult of lies, and deception. It is funded by the seventh day adventist movment that came out of america mid west in the 1950's and 1960's. They even said they had amway members joining as spies to spy on thier own company, to make it look like they werent amway, or associted with them. They pride them selves on good clean living and materialistic and money making is their religion and way of life. if they are so much of a leader why hasn't luren and sandra put a letter up on thier website explaining to thier 1.5 million australian members why they went broke, why are they not holding a press conference, or at the very least have an explanation letter on the front page of thier website, no why? becasue they are hidding with your money, and will form another company and partnership with a vitamin company that funnly enough is asociated with amway and form the revolution and tell everyone one how they can make money, why don't they come clean, and register amotrend or omegaway as a religion and they then could get the money legally that they fleece of australians regularly in an honest an legitimate way. I say where are you luren, hiding just like those days in hawaii, big decsion you had to make, when will we cut and run with,everones omegamoney and start again, you just watch, africa, and the poor countries will be there next location to spread thier religion of wealth, dreams, and fleecing people of the very little funds. Wake up laren the internet was invented becasue people are sick to death of door to door mothball sales people, and unwanted phone calls trapping us into an omega-oppiontment, and teking people for everything they have. Lets face it society has changed and the period of direct selling ended they day the internet started. Just watch out for hybrids comming out. I feel sorry for all the people such as, daryl oxley, neil stace, newcombs, all all the other leaders you lied to. as they lied to thier downline, and no-one has time for people who cannot have the intestinal fortitude to even address thier so called cult of followers on the omegatrend website.

Ian, before you launch into diatribe you should get a) get your facts correct; and b)learn to express yourself in correct English (yours is appalling spelling and abysmal syntax); and c) get people's names spelt accurately: he isn't "Laren" and the Newcombes aren't "newcombs".
No distributors went broke, most didn't work at all so no wonder they failed. Most were looking for a free lunch and there just isn't one!
I've no idea whether "Laren" is on a beach in Hawaii but if he is it certainly shews that he is a good deal smarter than you

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