20 January 2014
The Managing Director of prominent Asian direct selling company, QNET, is confident of closing the current financial year (to 31st December) on a high, with global business being given a boost by expansion into several new countries & territories.
During a visit to the MENA regional headquarters in Dubai recently, JR Mayer, the MD of QNET reaffirmed that operations in the Middle East and Egypt in particular, continue to perform well. He also announced that the company has established its East African hub in Rwanda with the opening of QNET East Africa Ltd, as QNET prepares for business expansion in the African continent.
"The move into Africa followed the localization and opening of a dedicated office in Ho Chi Minh City in Vietnam, to serve one of the fastest growing new network marketing markets in Asia. Future expansion plans include taking the business to Europe," he added."
"We have just completed incorporation of companies in the European Union and by early 2014 we will have a regional operation in Frankfurt and an EU headquarters based in Ireland."
In Egypt, QNET recently launched its very first Egyptian product "Bel & Belle" a personal care range of products through an Alexandria based manufacturer as part of its 'Merchant Program' that provides a global platform for local small and medium businesses to reach a global audience through QNet's ecommerce store.
Mayer revealed that product sales in Egypt averaged approximately 15,000 transactions per quarter in 2013. An agency office has also been recently opened in Cairo to serve as a customer support centre and to provide after sales service.
"The MENA region currently contributes to more than 40 per cent of our global sales, demonstrating the popularity of our products and the method of direct selling in this region," Mayer said.
He added that the opening of the Dubai office in 2012 has bought a lot of brand visibility, confidence and convenience to QNET distributors in the country as many Egyptians leaves and travel to Dubai regularly.
"The number of prospects ( future IRs) visiting our new office on a regular basis to get product training, updates on the business and pick up new products is increasing dramatically . We get around 800 walk-in customers a month from all over the region", he added
QNET also recently celebrated its 15th anniversary and a customer event in Egypt featuring Arab superstars Nancy Ajram and Tamer Hosny was held at the Cairo Stadium witnessed by nearly 10,000 people to mark the occasion.
About QNET:As a prominent Asian direct selling company, QNET provides a range of products that are offered through the e-commerce platform by Independent Representatives (IRs) in over 100 countries. The company also has some 25 offices and agencies worldwide, and more than 50 stockists, apart from localized operations or franchisees in a number of countries.
QNET is a member of the Direct Selling Association of Malaysia, the Direct Selling Association of Singapore, Direct Selling Association of Philippines, the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore among others.
QNET is also active in sports sponsorships around the world, including Formula 1, football, badminton and more, due to the company's strong belief that the drive, passion and teamwork of sports mirrors that of QNET. For more information, please visit QNET's website at www.qnet.net
© Press Release 2014