It’s a classic success story. Two immigrants launch a business in
their basement, which in 10 years evolves into a company with 240
full-time employees, 700 self-employed agents and $180 million in
annual revenues.
Founded in 1991 by Ata and Neda Moeini, Group of Gold Line, based
in Richmond Hill, Ontario, is considered one of the largest
providers of prepaid long distance calling cards in Canada, where it
services some 50 percent of the market. The Moeini’s original idea
was to provide affordable, high-quality and reliable prepaid
products to fellow immigrants in Canada looking to keep in touch
with friends and relatives in their home countries.
Today, approximately 1 million Gold Line phone cards are sold
every week through more than 30,000 retail and national chain
stores, co-promotions with leading consumer brands such as Coca-Cola
and Pizza Pizza and via a network of agents and company
representatives. Those cards now log more than 100 million minutes
of long distance per month.
One of the prime reasons for Group of Gold Line’s success is that
it does it all through a group of component companies including Arc
Phone, which reportedly owns the world’s largest prepaid switch
manufactured by Siemens with a 60,000 port capability; Card Express
Printing; Gold Line Telemanagement; and TeleResolve.
These vertically integrated companies provide everything from
state-of-the-art telephony switching facilities and equipment (Arc
Phone), to digital printing and calling card production facilities
capable of printing more than 100,000 cards per hour (Card Express
Printing), to marketing and sales (Gold Line Telemanagement), to
customer service (TeleResolve).
"This allows us to give better service and faster turnaround,"
says Neda Moeini, senior vice president, in explaining the company’s
strategy of maintaining component companies. She adds that these
capabilities enable the company to produce new products and
promotional materials in two to 24 hours in some instances, while at
the same time providing Gold Line with greater control over its
products and services.
"We’re constantly trying to develop products and services that
will cater to our customers’ needs — not just today, but in the
future," says Moeini. The company’s R&D operation employs 25
engineers who are dedicated to the design and implementation of
future technologies. Among the new technologies the company is
working on are voice activation and voice recognition. So far, the
company’s technology can recognize 25 different languages.
Growth remains consistent for the company. In 2002, the company
partnered with key retailers in Canada, including 7-Eleven and Mac’s
convenience stores as well as leading petroleum companies such as
Esso, Shell and Sunoco. The company’s products also are sold in
nearly 14,000 retail outlets in the United States and in most
western European countries, including the U.K., Germany, Sweden,
Italy and France.
Gold Line has ambitious plans for the future including continued
development of new products and services to make long distance
calling easier and cheaper, more cosponsorships and expanding the
sale of its cards and services in Canada, the U.S. and western
Europe.
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