California Firm Expands Staff as Exports Expand

Exporter: Valley of the Sun Cosmetics — Carson, CALIFORNIA
Destination: Worldwide
Ex-Im Bank Product: Multi-buyer Insurance
Export Sales: $400,000
Jobs Supported: 20

Since using Ex-Im Bank’s insurance, Valley of the Sun Cosmetics had grown from three employees to thirty. This manufacturer of natural skin care, hair care, cosmetics and vitamins is presently growing 30 to 40% annually. The growth is attributed to this company’s ability to extend credit to their international customers. As a result, these buyers are increasing the size of their purchase orders. Sales are expected to reach $5 million in 2011.

“ Ex-Im has provided us with the opportunity to expand the business beyond its limits, and we are hoping that we can get into another 140 to 150 countries within the next six or seven years, ”

- Jim Ajmal, President and CEO