Power Balance says sorry, offers customer full refund
By Essa Ronquillo | January 5, 2011 2:13 AM EST
Pursuant to an undertaking entered into with the Australian Competition and Consumer Commission (ACCC), Power Balance Australia has posted a corrective advertisement withdrawing its earlier claim regarding their product’s boosting effects on a person’s strength, balance, and flexibility.
The company admits that in the absence of scientific proof of their product’s effects, it had “engaged in misleading conduct” violating s52 of the Trade Practices Act 1974.
The Power Balance wrist bands had been presented to the market as having the power to optimize one’s energy by drawing the body’s energy field using holographic technology. The “magical wrist band” craze had been fanned by paid celebrity endorsements and viral marketing.
Power Balance expresses its apologies and offers full refund to customers, until the end of June 2011, either by going online at www.powerbalance.com.au or by calling them toll-free at 1800 733 436.
More from IBT Markets:
Subscribe to get this delivered to your inbox daily
Follow us on Twitter.
Follow us on Facebook.
To contact the editor, e-mail:
Most Popular Slideshows
- Kate Middleton Suffocated in Kensington Palace, Queen Elizabeth Reported War With The Duchess [PHOTOS]
- Chris Martin Dating Reports: Jennifer Lawrence Vs Gwyneth Paltrow [PHOTOS]
- 2014 MTV Video Music Awards: Everything To Know [PHOTOS]
- British Style Icon Kate Middleton Fashion Talk With Camilla Parker-Bowles Daughter-In-Law [PHOTOS]
Join the Conversation
- 4.7-Inch, 5.5-Inch iPhone 6 Models Confirmed with Similar Build, Cam Features & 300+ Screen Pixels on Release Date
- Apple iPhone 6 Release Date, iPhone 6C or 6L Anticipation: Three Things Should Matter To New Phone Shoppers
- Saudi Arabia: Brothers Beheaded For Smuggling Marijuana Into The Kingdom
- Moto X+1 is Likely Nexus 6 Template; Motorola Shamu is 1st Android Silver with Snapdragon 810 – Reports
- Xiaomi Mi4 vs iPhone 6: Why Forecasts Favor Mi4 as The Next Best Phone Against iPhone 6
- James Foley: More Chilling Information Revealed By Escaped Journalists
- James Foley’s Executioner Has British Accent—A Chilling Reminder That ISIS Has Foreign Members