OBTAINER - QNET

adequate turnover and make their mark on the industry,
QNET launched its eStore, which was fully integrated into
the QNET website, and showed no signs of slowing down.
With the opening of its eStore QNET sought to fully embrace
e-commerce and strengthen and foster relationships with its
customers and distributors. Such forward thinking is what has
made the company what it has become today.
During the initial five years QNET also expanded its product
offerings and portfolio. From gaining the official rights to distribute
commemorative coins for the Sydney 2000 Olympic Games within
the first few months of opening, QNET went on to create a strategic
alliance with one of the oldest, privately owned mints in Europe,
B.H. Mayer’s Mint in Germany, thus ensuring its products were of
the very highest quality. With the arrival of the 2002 FIFA World
Cup, held in South Korea and Japan, QNET proved itself once again
securing a landmark deal for the official marketing rights to the
2012 FIFA World Cup Korea Japan coin program. This deal was
to set a precedent for the future, which would see QNET become
the official distributor of collectible coins for major international
events including the Olympic Games. Realizing the importance of
INSIGHT
product diversification QNET entered into partnership with one
of the world’s leading providers of products and services in the
travel and leisure industries and launched its QVI brand of holiday
packages, thus further expanding QNET’s product portfolio.
Five years on the market and QNET’s development and growth
was astounding, considering QNET managed to achieve all this
amid the Asian financial crisis which produced a weakened,
depressed economic climate across a large proportion of Asia. The
city of Hong Kong and the Philippines were hit particularly hard
by the crisis, with growth falling to virtually zero percent in the
Philippines and political and economic uncertainty causing key
investors to withdraw from Hong Kong, shrinking the economy in
the region even further. During this period of economic uncertainty
QNET managed to not only expand its range of products, but also
grow and duplicate its business in various areas across the globe
and grow distributorship - this was no mean feat!
07/2012 OBTAINER WORLDWIDE 13