Amway is a multi-level marketing, or network marketing company founded in 1959 by Jay Van Andel and Rich DeVos. The company's name is a contraction of "American Way." Based in Ada, Michigan, the company and family of companies under Alticor reported sales of USD$6.4 billion for the performance year ending August 31, 2005, marking the company’s sixth straight year of growth. Its product lines include personal care products, jewelry, Nutrilite dietary supplements, water purifiers, air purifiers, insurance and cosmetics. Amway conducts business through a number of affiliated companies in more than ninety countries and territories around the world. In the United States and Canada it now operates as Quixtar.