Omegatrend brings in the administrators

Claremont-based network marketing group Omegatrend has become one of those rare victims of a boom, appointing voluntary administrators after a slump in sales.

Cliff Rocke, Simon Read and Andrew Birch from PPB were appointed to the business on Wednesday after the directors became concerned about the sales issue.

The business employs 70 people and has 1000-1500 active members from a database of 13,000 across Australia, New Zealand and parts of Asia.

Omegatrend was a split off from Amway around two decades ago.

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.