What is Excel Communications History?
Excel Communications was founded in 1988 as a long distance reseller in the US telecom sector at the birth of telecom deregulation. It began selling franchises using a multi-level marketing (MLM) business model, eventually selling over 200,000 of these franchises, or an average of 1 franchise for each 20 customers. In seven years, it became the fourth-largest long distance carrier in America and the youngest billion-dollar-annual company in history. It reached a billion dollars in revenue 9 years faster than Microsoft breaking records that seemed unheard of in the time of their rise. Excel was also the fourth largest long distance company in the United States. Many of the records set by Excel still stand today. On May 10, 1996, Excel became the youngest company ever to join the New York Stock Exchange (NYSE), trading under the symbol (ECI).
Steve was instrumental in building the Excel organization into an industry giant. He was the first representative in Excel and was the marketing genius behind their network marketing program. The business, under his guidance, grew to approximately 2,000,000 representatives at its peak. He designed and deployed their lucrative compensation program and created thousands of millionaires. Steve was earning $1.2 million per month in Excel at the height of their 11-year, record-breaking industry reign.