Note: We do not offer technical support for developing or debugging scripted downloading processes. Jay Van Andel, born in Grand Rapids, Michigan, in 1924, and Richard M. DeVos, born in the small nearby community of Ada in 1926, became friends at Christian High School in Grand Rapids. Search by state or ZIP code, Look up contributions from specific individuals, Find and contact your committee's analyst. 14% of Alticor employees are Asian. Amway's success depended in part on its ability to adapt its product line to suit local cultures. Edward J. Bardelli Warner Norcross & Judd Llp (grand Rapids) contact info. Lindsey H. Chopin Jackson Lewis P.C. As independent contractors, salesmen were no longer employees: they were independent businessmen who bought products for resale. Amway, Alticor's largest source of revenue, is a direct marketer of nearly 400 personal care, nutrition and commercial products through 1 million distributors worldwide in more than 100 countries. In addition to tapping into new, emerging economies, foreign expansion was possibly part of Amway's strategy to offset slowing U.S. sales, prompted, according to one article in an October 1994 U.S. News & World Report, by regulatory investigations and media criticism of the company. Mark: ISABELLE SKINCARE ARTISTRY S#: 87789642 R#: 5574578: Read our Privacy Policy Research: OneLook Acronym Finder; Serial Number: 88769052: Mark Literal Elements: TRUWITHIN: Mark Drawing Type: 4 - STANDARD CHARACTER MARK: Mark Type: Trademark . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Diversification and acquisitions marked Amway's experience during this time. Alticor Inc. is the parent firm for the following business units: Amway Corp and Access Business Group, LLC. Thank you for your interest in the U.S. Securities and Exchange Commission. Jun 30, 2020. It was not surprising that some items were not successful, however, for by 1968 the company was selling more than 150 products through its 80,000 distributors. ALTICOR INC. Amway Corporation address: 7575 Fulton Street East, Ada, US-MI, 49355, US Business Entity Data B.V. The Company, through its subsidiaries, provides business opportunities, logistics, manufacturing, and distribution of products. The Amway organization under the Alticor name thrived in the early 2000s, recording encouraging financial gains as it transitioned through one of its few senior management changes. The first major milestone of a successful distributor was reaching the level of Direct Distributor (DD), thus buying products and literature directly from the corporation instead of from a sponsor or other DD. Source: International Directory of Company Histories, Vol. critical thinking involves quizlet, Your email address (will not be shown in this guestbook). opens in a new window Click Here. learn how over 7,000 companies got started! Almost all of these 39 distributors were married couples; 28 were based in the United States. In April 1959 they created The American Way Association, later renamed the Amway Distributors Association, to protect the independent distributors. Business Week, in a May 1989 issue, characterized the bid as Amway "flexing its muscles for the first time"; although the bid failed, it was a good indication of Amway's financial strength. Amway again settled out of court, this time in 1989 for CAD 45 million, 40 percent of the amount the Canadian government tried to collect. "Eventually," he informed Cosmetics International in June 1999, "Quixtar ought to be larger than Amway," giving Amway a lofty goal to pursue as it entered the 21st century. Their status and income increased and were marked by achievement levels identified as "pin levels." Eventually, Amway was able to sidestep the prohibition by selling products through sales representatives that did not buy products and resell them, as traditional Amway distributors did. For the most complete information, Alticor, Inc., with privately-held stock, gets Alticor revenues from a business model in Alticor Company Profile:Alticor annual report, ticker symbol, profits What is Alticor? Looking for a credit report on Alticor Global Holdings Inc.? Proceeding Filing Date: Defendant(s), Property(ies) Plaintiff(s), Property(ies) 92080808 10/19/2022: Isabelle Afriat-Staloff, PhD. Vitamins, food supplements and cosmetics are among the company's leading global brands. - Lobbyist/Registrant PAC, raised in total receipts by this committee from, spent in total disbursements by this committee from, Learn how to enable Javascript in your browser. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Alticor serves customers worldwide. Van Andel created sales literature and supervised new product development; DeVos motivated and trained new distributors. The expectations for the new business were high, with the most far-reaching predictions calling for Quixtar to eventually supplant Amway's traditional business. The Amway Corporation purchased, refurbished, expanded and renamed the Pantlind Hotel to the Amway Grand Hotel in 1981. Privacy Policy, "Amway Takes a Bold Step into Cyber-Selling,", Bott, Jennifer, "Amway Changes Name, Mission,", "Dick DeVos to Retire As Alticor President,", Eisenstodt, Gale, and Hiroko Katayama, "Soap and Hope in Tokyo,", "The $4-Billion Man: Rich DeVos Bet on Capitalism and Won,", Gopwani, Jewel, "Ada, Mich.-Based Direct-Sales Firm Finds Fortune in Asia,", Grant, Linda, "How Amway's Two Founders Cleaned Up: Strong Overseas Sales Helped Richard DeVos and Jay Van Andel Add Billions to Their Fortunes,", Holzinger, Albert G., "Selling America to the Japanese,", Klebnikov, Paul, "The Power of Positive Inspiration,", Kirkbride, Rob, "Alticor Sales Soar 27 Percent,", ------, "Alticor Still Value-Driven Under New Leadership,", Morgello, Clem, "Richard Johnson of Amway Japan: Challenging Japan's Sales Culture,", Muller, Joann, "Amway Tailors Marketing Approach to Individual Foreign Cultures,", Ruzicka, Milan, "Amway Wins Converts in Former East Bloc,", Shaw, Anita, "Amway: A Global Approach to the Future,", Tate, Nancy Ken, "Amway's Green Roots Go Deep,", Vlasic, Bill, "Amway II: The Kids Take Over--Dick DeVos and Steve Van Andel Try to Shed Old Baggage,". Suncor has exciting job opportunities for engineers, trades people, professionals and new graduates. Other new items in the Amway inventory included Visa credit cards, prepaid legal services, real estate, and Tandy computers. Respect data, respect people, respect customers, drive innovation.Place the patient at the centre of the projectFoster ethics and integrity in clinical researchPromote multi-disciplinarity and international scientific exchanges. We will put the right governance mechanisms in placeand help you deliver powerful education, To lead innovation and change in clinical research by realising the full potential of scientific innovation in trials, registries and education. By the mid-1990s, revenues had more than doubled and the Japanese subsidiary had grown to include 816,000 salespeople. Washington, DC 20463, Federal Election Commission | United States of America, Corporation PAC - Qualified Dick DeVos announced his retirement in the spring of 2002. ALTICOR, INC. Mailing address: 7575 FULTON STREET EAST ATTN: MAX FRANTZ 52-2F ADA, MI 493550001: . A settlement conference in the case has been set for November of this year, with a bench trial scheduled for January of 2024. Annual 27.3 MB We will provide a hard copy of our annual report containing our audited consolidated financial statements, free of charge, to our stakeholders and ADS holders upon request. Next Report Year: 2018 . Concurrent with the company's aggressive expansion overseas, sales soared, increasing 300 percent between 1990 and 1996 to reach $6.8 billion. Trademark Applications Trademark applications show the products and services that Alticor is developing and marketing. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. After selling Wolverine and a couple of other small businesses, the two young men bought a schooner and sailed off to see Latin America. Despite the legal battles and occasionally unfavorable media characterizations of Amway, and direct selling in general, the concept was becoming increasingly popular. See the inside stories along with press releases, speeches and other press tools. Director and Associate General Counsel - Intellectual Property & Product Regulatory at Alticor Inc. Sndorn Gabriella Szokodi Szpsg, otthon, krnyezetvdelem! (Austria); Amway of Australia Pty. Learn how to enable Javascript in your browser. Last Annual Report Year: N/A . The company was achieving success not only in Asia, but in markets throughout the world as well, deriving nearly all of its growth from international expansion. Now, as I prepare to leave, we have transformed into a more international corporation, sustained by a strategic vision, and with management befitting a leading global company." Were a globally competitive integrated energy company. The bigger picture, he wrote, is the plaintiffs allegation that Alticor was not reviewing the Plans options regularly, not acting in the best interest of Amways employees, and using higher-cost vehicles to pay for revenue sharing. The average employee at Alticor makes $85,103 per year. Quixtar, Access Business Group, and any other companies that executives in Ada thought to create later would fare better operating under a banner that did not bear the Amway name, company officials reasoned. Newly filed summary data may not appear for up to 48 hours. access the list of itemized transactions. Unlike many other MLM firms, Amway offers a broad selection of items, ranging from cleaning products, cosmetics, and vitamins to travel services, discount car purchases, and catalog merchandise. Pyxis is a wholly-owned subsidiary of Alticor Inc. Alticor Inc. is a wholly-owned subsidiary of Solstice Holdings Inc. Solstice Holdings Inc. is a wholly-owned subsidiary of Alticor Global Holdings Inc. Pyxis holds the sole power to vote and dispose of these . o _____ The information required on the remainder of this cover page shall not be deemed to be "filed . In 1998 the company strayed far from its core business by teaming with Virginia-based Columbia Energy Group to sell natural gas and electricity in deregulated markets. Three months of FTC hearings began in May 1977, and a ruling by the full FTC in 1979 declared Amway's MLM plan legitimate. These items may be viewed using an XBRL viewer or using the XBRL previewer link provided below. The success of Amway under the Alticor name presented little opportunity for criticism about the name change. Create the conditions for healthcare professionals to collaborate. In Grand Rapids, Michigan, the company helped fund an Art Museum, Arts Council, and the Gerald R. Ford Presidential Museum. The company announced it was restructuring its operations to restore its financial vitality, a sweeping effort that involved a reduction in its workforce by 1,300. We will give you options that are in line with your organization's strategy. Maloney rejected that argument, saying There is no rule against hiring counsel that specialize in one cause of action or type of lawsuit, and the Court declines to dismiss the complaint on this ground alone.. The retirement plan includes employees from Alticor as well as several subsidiaries, including Amway Corp., Amway International, Amway Management Services, Amway Global Services, Access Business Group, Pyxis Innovations, Access Logistics, ABGI Corp., Merchandising Productions and Trout Lake Farm. For more information, contact opendata@sec.gov. In 1989 Amway was a main sponsor of the two-month-long Icewalk, an expedition to the North Pole, designed to focus attention on environmental issues. ALTICOR INC. Company Number 800153294 Previous Company Numbers 138374 Other Identifiers SEC CIK number: 941980 Incorporation Date 6 September 1949 (over 73 years ago) Company Type DOMESTIC PROFIT CORPORATION Jurisdiction Michigan (US) Registered Address 40600 ANN ARBOR RD E STE 201 PLYMOUTH MI 48170 United States Previous Names AMWAY CORPORATION By using this site, you are agreeing to security monitoring and auditing. Overseas expansion in the 1970s began with Australia in 1971, a choice that was partly influenced by the common culture, language, and economic system. (Italy); Amway (Japan) Limited; Amway (Malaysia) Sdn. Cerrone [5] It was established in 1999 to serve as the parent company for a handful of business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business Group. The pyramid allegations surfaced again, not against the corporation, but against certain distributors who advised their sales groups to downplay retail sales, buy Amway merchandise for their own use, and purchase many motivational items, such as tapes and books, from the distributor. On average, employees at Alticor stay with the company for 4.4 years. Years In Business: Well-Established . Alticor Global Holdings Inc: Tradestyle: Top Contact: Restricted: Title: Restricted: Street Address: 7575 Fulton St E, Ada MI 49301: Phone: Restricted: URL: www.amway.com: . As the company grew, distributors built larger and larger sales organizations. Trademark of Suncor Energy Inc. The plaintiffs are now asking U.S. District Judge Paul Maloney to certify it as a class action, saying the pool of current and former employees impacted could be more than 5,000 people. see all filings. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Reference ID: 0.f6f1160.1677908604.50653ec2. The Fiduciary Committee of Alticor, Inc. 7575 E. Fulton Street 56-3T Ada, MI 49355 Represented By. Report year: 2021-2022. In Japan, for example, the company began marketing a small induction range made by Japan's Sharp Company, which proved ideal for the small homes of Japan and sold well when demonstrated in the home by Amway distributors. Maclean's, Canada's leading weekly news magazine, reported in a November 1983 issue that the fine was "the largest sum that a Canadian court has ever levied and one of the heaviest criminal penalties ever imposed against any corporation in the world." Alticor Inc. is the holding company for four businesses, the most well-known of which is Amway Corporation, the pioneer of multilevel marketing (MLM). A more crippling blow was delivered by the faltering Asian economy in the late 1990s, the effect of which was readily discernible on Amway's balance sheet. [6][7], In 2006, Alticor purchased cosmetics maker Gurwitch Products from Neiman Marcus Group Inc., and operated it as a wholly owned subsidiary until Gurwitch was acquired by Shiseido in 2016. Alticor Global Holdings serves customers throughout the United States. YTB International, known as YTB Global Travel, Your Travel Biz or YTB, operates a multi-level marketing business through owner-affiliate websites offering travel, excursions, and lodging. Don Reavey, an attorney with the Harrisburg, Pa., law firm Capozzi Adler who is representing the plaintiffs, declined to comment beyond what has been submitted in court documents. You're using Internet Explorer, some features might not work. "Alticor Inc" of Ada, MI 49355 operates primarily in SIC Code 6719 - Offices of Holding Companies, Not Elsewhere Classified and NAICS Code 551112 - Offices of Other Holding Companies. 24- and 48-Hour Reports of independent expenditures aren't included. Our data analysts are standing by to assist in your list setup and target marketing. Alticor annual report Download Alticor annual report Information: Date added: 18.03.2015 Downloads: 129 Rating: 316 out of 1066 Download speed: 45 Mbit/s Files in category: 499 Feb 23, 2012 - Amway Parent Alticor Reports USD$10.9 Billion for 2011 USD$10.9 billion, a 17 percent growth over 2010 annual sales of USD$9.2 billion. News of the change occurred in May 2000 after Amway reported discouraging financial results for 1999, a 12.3 percent decline in revenues. An official website of the United States government. 29 Sep 2016. Amway also made commendable efforts to be environmentally responsible. Alticor Inc. connects entrepreneurs worldwide with opportunity and consumers with products. The relevant data shows that the sales growth of Chinese cosmetics market is at an average annual 23.8 present rate, the growth rate much higher than the national average growth rate. ; Amway Nederland Ltd. (Netherlands); Amway of New Zealand Ltd.; Amway de Panama, S.A.; Amway (Schweiz) AG (Switzerland); Amway De Espaa S.A. (Spain); Amway Asia Pacific Ltd. (Hong Kong); Amway (Taiwan) Limited; Amway (Thailand) Ltd.; Amway GmbH (Germany); Amway de Mexico; Amway Communications Corporation; Amway Hotel Corporation; Amway Global, Inc.; Amway International, Inc.; Quixtar Inc. Amway Corp 2022 Contributions Ranks 524 of 29,115 $1,114,096 Lobbying Ranks 1,081 of 9,006 in 2022 $620,000 in 2022 $620,000 in 2021 Outside Spending $0 Top Recipients 2022 NOTE: Organizations themselves cannot contribute to candidates and party committees. Since the inception in early 80's, Laser Photonics was been recognized as a leading brand in laser innovation and laser equipment. "When I arrived," DeVos said, "we were a company that was still questioning whether we could transition past the active involvement of our founders. In 1982 Jay Van Andel chaired the Netherlands American Bicentennial Commission, while the company sponsored an art exhibit at Amsterdam's Stedelijk Museum. March 2 (Reuters) - Bitcoin miner Riot Platforms Inc (RIOT.O) said on Thursday it expects to delay its annual financial report as it has to correct errors identified in earlier financial . MRO Holdings is an aviation services company that provides airframe maintenance, modifications, conversions, and technical solutions. Between 1990 and 1996, Amway established 20 new foreign affiliates, increasing the number of countries and territories in which it operated to more than 75. We believe the suit is without merit and are in the process of defending it, the company said. One corporate executive, COO William W. Nicholson, previously a secretary to President Gerald R. Ford and a key player at Amway headquarters since 1984, oversaw the introduction of many new products and services. The Asian market was opened with ventures into Hong Kong in 1974, Malaysia in 1976, and Japan in 1979. Catalog sales increased thereafter. See all additional business information Contact Information 7575 Fulton St E. By 1990 Amway was gaining more than 40,000 new clients per month for MCI. Docket (#7) PROPOSED STIPULATION and ORDER (Joint) Regarding Response to Complaint and Briefing Schedule by defendants Alticor, Inc., The Fiduciary Committee of Alticor, Inc., The Board of Directors of Alticor, Inc., John Does 1-30 (Bardelli, Edward) (Entered: 12/28/2020) [+] Read More [-] Read Less Our purpose is to provide trusted energy that enhances peoples lives, while caring for each other and the Earth. Headquarters Regions Great Lakes, Midwestern US. "All eight cylinders are hitting," Alticor's chairman, Steve Van Andel, said in an October 21, 2004 interview with the Grand Rapids Press, expressing the mood of the company as it pressed ahead. Alticor, Inc. was founded in 06/1968. Sales in the United States were flattening by the mid-1990s, unaided by persistent accusations of rumormongering that tarnished the company's image. By Amway's 25th anniversary in 1984, there were 24 Crown DDs and 15 Crown Ambassador DDs. That same day the firm announced that it would end all animal testing in its research programs and that it would not cooperate with the Cosmetics, Toiletry and Fragrance Association's campaign against the ban on animal testing. In 1949 DeVos and Van Andel became distributors of vitamins for the Nutrilite Company of California. Moreover, instability in corporate employment had prompted increasing numbers of workers to consider alternative vocations, particularly those in which much of the administrative activities might be handled in home offices. 2023 Advance Local Media LLC. 4 Apr 2000. They chose as their first product a biodegradable liquid organic cleanser made by a small Michigan firm, the kind of high-demand merchandise that could be easily sold by MLM. In July 1969 Amway's aerosol manufacturing plant burned completely to the ground. Bhd. These totals are drawn from quarterly, monthly and semi-annual reports. 2022148100020231623000cagr9.6covid-19 One of the primary reasons for the name change was to help foster the growth of Amway's diversification, to free Quixtar and Access Business Group from being associated with the Amway name during their maturation. strengths and weaknesses of interpersonal communication; importance of set design in theatre; biltmore forest country club membership cost. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. In addition to his involvement with Amway, DeVos and his family own the National Basketball Association's Orlando Magic. Alticor companies focus on nutrition and wellness, beauty and home products, and manufacturing and logistics services. AHC owns several hotels in Grand Rapids and the British Virgin Islands.[11]. With the failure of communist economies in Eastern Europe and other nations, Amway's promotion of free enterprise became increasingly noteworthy in the years ahead. monthly and semi-annual reports. SCHEDULE 13D/A", "Technology transforms the hospitality industry in Grand Rapids", "New downtown hotel will add to Amway lineup", https://en.wikipedia.org/w/index.php?title=Alticor&oldid=1069145851, This page was last edited on 31 January 2022, at 20:53. "Alticor Inc"? [11], "Amway Parent Grows to $9.2 billion in 2010", "Gurwitch Products gets ownership makeover", "Alticor posts sales of more than $6.3 billion in 2006", "INTERLEUKIN GENETICS, INC. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Lacking formal control over the distributors, Amway relied on bonuses and incentives to motivate them. Alticor Inc located in Washington, DC 20003 operates in SIC Code 8748 and NAICS Code 541618 . 24- and 48-Hour Reports of independent expenditures aren't included. Returning to Michigan after the war, they founded Wolverine Air Service to offer flying lessons. The foray into China, financed by the 1994 public offering of Amway Asia Pacific, ran into a pernicious obstacle in 1998, when the Chinese government banned direct selling because of concerns it would spawn illegal activity. Est. Experience Owner Alticor inc View Denis' full profile . This special highlights the best of the fifth annual event which was held in Singapore from November 14-17. Top Company Profile: Alticor Inc, Ada MI | NAICS Association NAICS Search SIC Search Data Enrichment Business Lists Market Sizing Company Lookup NAICS Profile Page On May 25th, 2018, we published a revised version of our Privacy Policy which includes our Cookie Policy. Included in every order: Free Industry Overview Report, Free Sample List, Continuously Updated & Verified Data, Premium Support by Phone/Email A separate civil case was continued by the Canadian government to collect the duties it should have been paid in the 1970s. A laundry detergent, SA8, was introduced in 1960. It began marketing underground fallout shelters, for example, in an era when civil defense against atomic warfare was a priority, but gradually consumers lost interest in the shelters. Direct selling: Assam - KPMG | US selling: Assam Global industry, . POLITICAL ACTION COMMITTEE ALTIPAC, Allocated operating expenditures - federal, Allocated operating expenditures - non-federal, Allocated federal election activity - federal share, Allocated federal election activity - Levin share. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Applicant: Alticor Inc. (f/k/a Amway Corporation) Inventors: James A. Woodard, Greg Snyder HEATED ALCOHOL EXTRACTION OF HERBS Publication number: 20020146473 Abstract: The present invention relates to methods for the extraction of herbs and plant materials. Additionally, by excluding the Amway name from its Internet venture, the company hoped to attract younger customers and younger distributors. The plaintiffs argue that the retirement plan, which manages assets of well over $1 billion, is one of the largest in the U.S. but hasnt used the bargaining power that comes along with its size to reduce the fees and expenses charged against participants investments. Lawyer Rodney K. Smith in his book Multilevel Marketing, after reviewing several cases, concluded, "Amway is not and never has been an illegal pyramid scheme.". The expansion was so rapid that as soon as the company moved into new facilities, they were already crowded. Plaintiffs counsel filed at least forty similar class action lawsuits in 2020 and 2021, alleging the same claims regardless of the plans investment options, process, or design, they said. Document Version Coverage start date Coverage end date Date filed Image number ALTICOR INC. was registered on Feb 21 2017 as a foreign registered corporate name type with the address 7575 Fulton Street East, Ada, MI, 49355, USA . Track its historical, the critical thinking company Get Data From 15 Million Businesses Several of Amway's early products were biodegradable, and its SA8 detergent was available in a phosphate-free formula to limit pollution of waterways, and products were concentrated, reducing the amount of packaging that ended up in landfills. The Company offers products, business opportunities, and logistics services. Copyright 2019 Alticor All Rights Reserved, Designed by Elegant Themes | Powered by WordPress. Back Submit. John Deere boasted record profits in 2021 and finally struck a deal with striking union workers. Stacey C.S. 1 follower 1 connection. [12] By May 2017, Amway Hotel Corporation changed its name to AHC+Hospitality. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Initially, Amway began selling natural gas in Georgia, intending to expand into electricity and to broaden its geographic reach as other states became deregulated. In the News February 28, 2023 | Company via MiBiz Amway 2022 sales dip on strong U.S. dollar, affiliate sale, withdrawal from Russia February 8, 2023 | Company via Grand Valley State University GVSU, employers form partnership to accelerate talent creation in Michigan January 19, 2023 | Corporate Social Responsibility We see them around but we don't know what goes on behind the scenes. Much of the company's success during the latter half of the decade depended on continued growth in foreign markets, but continued growth did not arrive. The strident growth of the company outside North America, however, more than offset its anemic domestic performance, underpinning the seamless transition to the second generation of DeVos and Van Andel management. This special highlights the best of the fifth annual event which was held in Singapore from November 14-17. For more information, please see the SECs Web Site Privacy and Security Policy. Top "Immune Health Supplements Market" Size 2023 Key players Profiled in the Report are [, Cellderm Technologies Inc, Alticor Inc. (Amway), NutriGold Inc, Glanbia, Plc, USANA Health Sciences . After little more than a month in his new position, Doug DeVos took stock of what he saw and appropriately described his company. For the first time in more than ten years, Amway posted a decline in sales. amway omnichannel strategy Years of negative publicity stemming from the numerous lawsuits filed by Procter & Gamble had stained the Amway name, observers contended, prompting Amway to distance itself from a questionable reputation by adopting a new name. Amway Corporation sells its own products as well as brand name products from other companies through a network of more than three million independent distributors worldwide.

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