RECORD $1 BILLION IN SALES FOR QUIXTAR
GRAND RAPIDS, Mich., Oct. 23, 2003 – Quixtar Inc. reported that Independent Business
Owners (IBOs) powered by the company’s I-commerce business model generated sales of
$1.035 billion for the fiscal year ended Aug. 31, 2003. In addition to these sales generated for
Quixtar, IBOs generated $58.3 million in revenues for Quixtar’s online Partner Stores. For their
business efforts, IBOs earned more than $343 million in bonuses and incentives for the fiscal
year.
Quixtar’s fiscal 2003 sales confirm the company’s status as the leading online health and
beauty retailer and one of the top consumer e-commerce companies based on revenues. Sales
increases can be attributed to strong performance of Quixtar’s exclusive health products,
including introductions of the eSpring® Water Purifier and XS™ Energy Drink.
Revenues generated for Quixtar by IBOs were up $134 million from the previous fiscal
year, and those for nearly 100 Partner Stores affiliated with Quixtar increased by $1.3 million.
This resulted in an increase in IBO bonus and incentive payouts of $61 million over the previous
year. Since the company’s launch in 1999, IBOs have generated more than $3.1 billion in sales
for Quixtar, plus more than $250 million for Partner Stores, ranging from CatalogCity.com and
KBtoys.com to OfficeMax.com and NASCAR.com. Most importantly, IBOs have earned $998
million in bonuses and other incentives since Quixtar’s launch.
Quixtar’s I-commerce business model is the convergence of four key elements: the
Internet, the individual, world-class infrastructure offered by Quixtar and sister company Access
Business Group LLC, and independent business ownership. Quixtar provides “high tech”
business, product, and Web applications support to hundreds of thousands of IBOs in the U.S.
and Canada who provide the “high touch” element missing from most other e-commerce
businesses. IBOs register new IBOs, Members, and Clients at Quixtar, earning bonuses and
other incentives based on sales resulting from these efforts.
Quixtar is part of the Alticor family of companies based near Grand Rapids, Mich.
Quixtar Canada Corporation is based in London, Ontario, Canada.
