Powerhomes corporate communications director Benjie Lagman lauded Trade and Industry Secretary Mar Roxas II’s decision and said the investigation would give the accused firms the opportunity to either clear their names or suffer consequential penalties.
Roxas earlier announced DTI will start hearings shortly and would initially cover three companies in its list of suspected pyramiding firms. The three include Tie-with-US Enterprises, Lifelink Multi-card and Powerhomes.
The investigation, Roxas said, will focus on the commercial value of the goods and services being sold by the firms.
"This is certainly a welcome development for us. Now we will be able to explain our side and clear the name of Powerhomes from the malicious and insidious intrigues from certain quarters," Lagman said.
"We certainly welcome the DTI probe and praise Secretary Roxas for his decision to start earnest investigation into the alleged pyramiding activities of certain companies once and for all," he added.
Lagman said the DTI investigation, hopefully, will "finally silence the malicious snide from certain powerful parties who have no compunction in using their official influence to besmirch the reputation of the perceived business competitors through false and misleading media releases."
The Powerhomes executive said he has assured Roxas their company officials would attend every hearing allotted for them.
Lagman pointed out that Powerhomes is a duly registered and authentic network marketing corporation practicing the modern marketing technology called "leverage marketing" that is now being taught in a reputable Quezon-City based university.
He stressed that the products and services their company markets are valid and legitimate.