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PowerBalance Admits Their Wristbands Are a Scam
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This brings a big smile to my face. After all the long arguments I've had with people about this being a scam I finally have a official reason.
PowerBalance, the manufacturers of this plastic wristbands admitted that there is "no credible scientific evidence that supports [their] claims and therefore [they] engaged in misleading conduct." In layman's terms its a
SCAM.
Read their statement below:
Originally posted by another user
In our advertising we stated that Power Balance wristbands improved **** strength, balance and flexibility.
We admit that there is no credible scientific evidence that supports our claims and therefore we engaged in misleading conduct in breach of s52 of the Trade Practices Act 1974.
If you feel you have been misled by our promotions, we wish to unreservedly apologise and offer a full refund.
To obtain a refund please visit our website You must login or register to view this content. or contact us toll-free on 1800 733 436
This offer will be available until 30th June 2011. To be eligible for a refund, together with return postage, you will need to return a genuine Power Balance product along with proof of purchase (including credit card records, store barcodes and receipts) from an authorised reseller in Australia.
This Corrective Notice has been paid for by Power Balance Australia Pty Ltd and placed pursuant to an undertaking to the Australian Competition and Consumer Commission given under section 87B of the Trade Practices Act, 1974.
Why they admitted this you ask? Well simple, the company has been under so much criticism because of their claims and scientific nonsense, they finally cracked. This is the first time in which a regulatory authority have made them admit that their claims are a fraud.
This really makes me think about our mind power. The people that actually believed this and performed better can thank the placebo effect. Mind over matter huh?
Source:
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