ACN Group
Here's a brief history of ACN Group, just for future references when we discuss this company. ACN group got its roots planted back in the 1990s when Robert Stevanovski, Greg Provenzano, and Tony and Mike Cupisz who were twin brothers. At the time they were friends/associates and seemed to have the experience in differing fields to compliment each other, so in 1992 they put their resources together and formed the American Communications Network, Inc. They established a structure, and gathered some manpower and were officially open in January of 1993 with approximately twenty reps. They actually managed to rake in about two million dollars the first year, which is pretty substantial and definitely a success. Originally, ACN acted as a marketing arm for a long-distance service reseller known as LCI Communications, which lasted about 5 years until LCI was bought out by Qwest Communications. One of the highlights, and most helpful things that really propelled ACN was their appearance in INC. Magazine as part of the publication's Inc. 500 list, for rapidly growing private companies. ACN held the number 2 spot, which was anything but shabby, and they were doing it with an annual revenue of $98.1 million. As was stated in another thread, yesterday I believe, ACN got even more popular in 2006 with the endorsement and highly publicated approval of multi-billionaire and Apprentice executive producer, Donald J. Trump. Trump has appeared at various talks and ACN International Training Events where he has publically stated time and time again, that he praises the company's founders, business model, and the not so popular video phone. Speaking of which, ACN group purchased over $50 million dollars worth of videophone equipment from WorldGate Communications. This was part of a deal that included purchasing all outstanding debentures of WorldGate's senior secured creditor, YA Global Investments, via its investment proxy, WGI Investors. More recently, ACN has managed to set up a launch in Seoul, South Korea. For all the bad things people seem to say about ACN, one can't deny that they seem to utilize an amazingly successful formula, and I remain puzzled as to the contrast between an increasingly negative reputation, and yet highly visible success.