XanGo Named Top Growth Company by Nutrition Business Journal Awards
Industry Honors Category Creator's Astounding International Expansion
LEHI, UT—February 9, 2006— XanGo, LLC, creator and recognized market leader of the mangosteen supplement category, today announced it was named winner of the Growth in Large Companies Gold Medal by the Nutrition Business Journal Awards. The Utah-based natural products company was honored by the nutrition industry for its incredible 145 percent growth during its third year in business.
“XanGo is honored to receive this award from our industry peers. As a category creator, we are thrilled to deliver the premier mangosteen supplement, XanGo™ Juice, to consumers worldwide through our ever-expanding distributor network,” said XanGo President Aaron Garrity. “XanGo's founders, distributors and employees are fully committed to bringing the best quality in mangosteen supplements into the marketplace as we expand internationally.”
XanGo more than doubled its 2004 sales and expanded into 13 international markets. Utilizing a direct-sales business model, XanGo significantly expanded its global independent distributor network into the hundreds of thousands, particularly in Japan, Australia, Canada, Mexico and the U.S. The category creator also credited its nearly 600 employees for helping the surging company achieve record-setting growth.
The 2005 Nutrition Business Awards will be presented during a special ceremony at the Newport Summit in Dana Point, CA, July 26 – 28, 2006.