Monday, June 26, 2006

Of Anti-Aging and Antioxidants: Second Part

As I have promised, here is the detailed continuation of my post regarding Pharmanex® (I forgot to mention the company name the last time I posted).

The afternoon started with me meeting Elma in Starbucks® Megastrip around 3:00pm. We went straight to Teleperformance/Ericsson Bldg. (official name: Octagon Tower) along San Miguel Avenue in Ortigas Centre to meet with Marlon Ilagan, an alumnus of Philippine Science High School and Ateneo de Manila University. Personally, I thought that what we were going to attend to was a job interview (last Wednesday night, Mr. Ilagan called me, Elma and Tin and explained to us that a common friend, Eugene, has recommended several UP Circuit people for a well-paying career; the three of us are his "chosen three"). The feeling was nostalgic for me as the elevator alternately shut and opened - every floor reminded me of my short stint in a call centre along Emerald Street also in Ortigas Centre (ePLDT® Ventus).

The nostalgia suddenly became a trauma the moment the speaker started her piece. This trauma has something to do with an experience with Family First (see Winston's article about this). We found out that Tin had just left the premises about five minutes before we arrived, and we found out that she was accompanied by Gujel. So, the audio-visual presentation began and it discussed the purchasing power of the world's baby boomers and boasted the company's performance in the past 12 years. Pharmanex®, a subsidiary of Nu Skin® Enterprises and founded in 1994 by Dr. Michael Chang, is said to have foreseen that in 2010, 30% of the world's population or those belonging to the 35-60 year-old-range will spend as much as US$ 1 Trillion to keep their youth intact - a 500% increase from US$ 200 Billion expenditure by the "work force" is expected to happen by the end of this decade. This age group amounts to about 70% of the world's GDP/GNP according to the AVP. In short, this is the best time to invest one's precious money in health industries.

Some concepts included in the short film are the hitmakers of the past decades like diapers and baby food in 1940's and 1950's, Ford® Mustang in 1960's and 1970's, computers in 1980's and Microsoft® in 1990's and internet and wireless communications in 2000 - all of these industries made their pioneers millionaires since the end of the Second World War until the 70's, billionaires from the 80's until the present and will make some of us trillionaires (this word is not yet even recognized by Microsoft® Word) in 2010, as predicted by Paul Zane Pilzer in his book The Next Trillion. The line of business that he forecasted to make us traverse to the 13-digit dollar mark is (drum rolls please...) --- WELNESS INDUSTRY --- anti-aging cosmetics, spas, gyms, food supplements and weight gaining/losing pills, every procedure or product that can prevent diseases from developing in the first place.

Okay too much about trivial stuffs... Let's talk business.

Another speaker (name withheld for safety purposes), claiming to be a multi-millionaire at the age of 22, explained to us that just by buying a portion of the company's stocks (for as low as PhP 12,300) and then practically doing nothing but to wait and allot at least 8 hours per week (YES, PER WEEK!!!) will bring a person about PhP 30,000 (or up to PhP 2,200,000) per month in revenue. He admitted that the company is also in network marketing - meaning one must invite other people to join the bandwagon. He emphasized that this time IT'S LEGAL - the New York Stock Exchange and other credible institutions and universities in the United States have given them accreditations and awards. Not a single second could we hear from him at least one negative issue regarding Pharmanex.

Eugene came, and we found out that he is already in the network. He has already shelled out PhP 12,300 and has attended seminars twice in two-week stretch. I and Elma, hence, felt comfortable and confident that we were in good hands. BUT, we still are undecided whether to venture into this kind of endeavor or not. "We know you would not want to miss this chance of a lifetime." is the motto of that corporation - how could we possibly turn down the offer that fast?

Here are our concerns:
1. We do not have the money yet.
2. We do not have enough knowledge about Pharmanex® as of the moment.
3. We only have Eugene to testify regarding his investment's performance so far.
4. We have not yet consulted our families and we do not know how!
5. Have I said already that we do not have the money yet?

...So Lord, and dear friends, help us decide on this matter...

(PS: We have until 4:00pm of Friday 30 June 2006 to tell Mr. Ilagan whether we're IN or OUT.)
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