Company Profile

History In seven years of operations, the Group has established 25 Vision selling depots through franchisees and subsidiary companies in 12 countries. The Directors of the Company believe that the Group is now positioned among the top network marketing companies for health-related products in Russia. The most important milestones in the Groups’ history are given below: 1996 - Official opening of Vision Group and successful commencement of operations in the Russian market. - Establishment of Vision Italy in Milan to develop the network of distributors in Europe and the United States. - Creation of Classic Hit biologically active food supplements (in co-operation with Arkopharma, France). 1997 - Opening of a second trading company in Moscow aimed at developing the distribution network, leading to turnover increase and improvement of the quality of service to clients. - Creation of the Millennium cosmetics line, manufactured in the LHS Laboratories of the Arkopharma France. - Opening of a full scale trading company in Almaty, Kazakhstan aiming to expand in Kazakhstan and other mid-Asia, CIS countries. 1998 - Opening of a trading company in Kiev, Ukraine aiming to expand into eastern European countries and particularly Poland. - Opening of Nutripharma factory (biologically active food supplements) in Waterford, Ireland, for the production of all Vision biologically food supplements. 1999 - Opening of a trading company in Vilnius, Lithuania, aiming to expand to the Baltic states. - Introduction of Direct Hit biological active food supplements. - Opening of a trading company in Lvov, Ukraine. 2000 - Opening of the third trading company in Ukraine, in Odessa. - Opening of a trading company in Novosibirsk, Russia. - Opening of a trading company in: o Ekaterinburg, Russia o Riga Latvia o 2nd in Kazakhstan, Paulodar - Introduction of new Millennium cosmetics series - Creation of e-shop in Italy aiming to target more customers through the internet. 2001 - Opening of trading companies in: o Warsaw, Poland o Prague, Czech Republic o Budapest, Hungary o Saint Petersburg, Russia - Introduction of Lifepac Senior biologically active food supplements and Magic Belt. - Testing of Classic Hit and Direct Hit biologically active food supplements in space by Russian astronauts. 2002 - Opening of a trading company VIP Internet - Introduction of Triovital cosmetic line. - Co-operation agreement with a trading company in Hanoi, Vietnam. 2003 - Opening of trading company Vision Povolgie in Kazan. - Opening of trading company Vision Market in Moscow. 2004 - February 27th, 2004: The Company receives the approval from the Cyprus Stock Exchange (CSE) for listing of its shares onto the Cyprus Stock market. - June 21st, 2004: First day of trading of the Company’s shares onto the Cyprus Stock Exchange Activities The Company's diverse product portfolio focuses on delivering a complete wellness program and way of life to its customers. The Group's product range consists primarily of consumable products that are designed to target the growing consumer interest in natural health alternatives for nutrition and personal care. In developing its product line, the Company has emphasized quality, purity and safety. The Company markets more than 43 different quality proprietary products, in three core product lines: - Vision biologically active food supplements - cosmetic line Millennium and Aromasticks - cosmetic line Triovital These products are exclusively purchased from the Arkopharma Group of Companies. To the best of the Company's Directors' knowledge and belief, all products distributed by the Group have received the necessary approval by the relevant authorities in each jurisdiction where the Group sells its products. To the best of the Company's Directors' knowledge and belief, the Vision biologically active food supplements and the Millennium, Aromasticks and Triovital cosmetics are manufactured in conditions that fully comply with the GMP (Good Manufacturing Practice) standards for pharmaceutical manufacture. The GMP standards are the rules for pharmaceutical production introduced in the USA in 1963. In accordance with these standards every manufacturer of pharmaceutical preparations must ensure that the following conditions are met: - high quality of raw materials, - use of modern technologies, - availability of well-planned facilities and high-tech equipment, installation of special ventilation system in the production facilities, maintenance of positive excessive pressure production facilities, - high qualification of working personnel.