Alticor Inc. and its family of companies reported sales of $6.4 billion for the performance year ending August 31, 2005. Sales rose 3.6% in 2005, marking the company's sixth straight year of growth.
More than half of Alticor's global affiliates showed a strong increase in sales, offsetting slower growth in the China market and a slight decrease in North American (Quixtar) sales. A portion of Alticor's overall sales increase was due to the positive impact of the strengthening dollar.
European markets posted 18% growth, while Japan continued its turnaround with a second straight year of increased sales.
Alticor Chairman Steve Van Andel said: "This was a strong, solid year. Our long-term goal is to find growth in our mature markets and our newer ones. We achieved that this year, which is a sign of the hard work taking place in all of our global markets."
Alticor President Doug DeVos said: "Our strength reflects the continuing worldwide appeal of owning your own business. We're grateful for our outstanding employees, and for hardworking, motivated people who sell our products and services around the world. They are the ones who have made us leaders in direct selling for 46 years."
Alticor operates primarily through Amway Corp., a global leader in direct selling; Quixtar Inc., a North American Web-based business opportunity; and Access Business Group LLC, a product development, manufacturing and logistics provider to Amway, Quixtar and other companies. Alticor employs more than 13,000 worldwide.
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