Although you won’t find press-releases from the MLM spam machine here on BehindMLM, that doesn’t mean I don’t keep an eye on things.

Earlier today a story on BusinessForHome caught my attention: Vyvo signs $88 million letter of intent with Helo Corp.

Helo Corp? Isn’t that also one of Vyvo owner Fabio Galdi’s companies? Lulwut?

As per
BusinessForHome’s coverage
;

Vyvo Inc. today announced that it has signed a Letter of Intent effective 31st January, 2020, with a US public listed company, Helo Corp. confirming its $88 million acquisition of certain strategic assets from Vyvo Inc. so that it can bring the VYVO business into a public company.

Alright, so we know Vyvo = Fabio Galdi. What’s the deal with Helo Corp?

Instead of just running one company, Helo Corp was part of Galdi’s
Wor(l)d International
 MLM opportunity.

In a nutshell Helo Corp provided Wor(l)d Global Network with its Helo bands, with Galdi owning both companies. The actual supplier of the Helo devices is
Quality Technology Industrial Co., Ltd
, a Chinese manufacturing company.

Luckily, as BusinessForHome point out, Helo Corp is publicly listed – meaning we can
look up its public SEC filings
.

Galdi (right) founded Helo Corp in 2010. Only back then it was called Halton Universal Brands and had nothing to do with MLM.

The Company was originally a brokerage, consulting and marketing firm specializing in brand consulting and new product strategy consulting for emerging brands.

The Company focused on natural food products, specialty food products, and mass-market grocery items that were manufactured in North America and sought new market penetration in Eastern Europe.

In October 2014 World Assurance Group, another company effectively owned by Galdi, bought a bunch of Halton Universal Brands shares.

In November 2014 Galdi, through World Assurance Group, renamed Halton Universal Brands to World Media & Technology Corp.

What was left of Halton was acquired by World Assurance Group in December 2014.

Halton’s acquisition netted World Assurance Group $54 in net assets at the time.

This was the Global Mobile Network era, which then became the Wor(l)d International era, which last year became the Vyvo era.

Confused yet? Don’t worry, it gets worse.

World Media & Technology Corp. was renamed World Technology Corp in December 2017.

In October 2018 the company was again renamed to Helo Corp.

Here’s a confusing rundown of how Fabio and Gabriele Galdi essentially own Helo Corp and Vyvo (note that this is from a February 2019 filing, WGN is now Helo).

Mr. Fabio Galdi, our Chairman of the Board and Chief Technology Officer, and his brother Gabriele Galdi, each currently own 50% of WGN.

Until May 2017, Fabio Galdi was the Chief Executive Officer of our company, and currently he serves as the Chief Executive Officer of WGN. Gabriele Galdi is also the owner of 50% of the outstanding equity of WGH, our largest stockholder and an affiliate of WGN.

The remaining 50% of WGH is owned by

🤖 Quick Answer

What is the nature of Vyvo's $88 million contract announcement with Helo Corp?
Vyvo Inc. announced a Letter of Intent with Helo Corp., a publicly listed US company, for an $88 million acquisition of strategic assets. However, both companies are reportedly connected to owner Fabio Galdi, raising questions about the transaction's independence and legitimacy within the organizational structure.

Who owns and controls both Vyvo and Helo Corp?
Both Vyvo Inc. and Helo Corp. are associated with Fabio Galdi, the primary owner and operator. This connection between the two entities involved in the substantial contract raises concerns regarding potential self-dealing and the actual separation of business interests.

What was the stated purpose of Vyvo's transaction with Helo Corp?
According to the Letter of Intent, Helo Corp. intended to acquire Vyvo's

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