In 1993, K-tel earned a $2.7 million profit on sales of $56 million, and in 1994, ranked #7 on "BusinessWeek"’s annual Hot Growth List. Mickey Elfenbein, Kives' nephew, was appointed CEO of the K-tel International division in 1993 until the late 1990s. Elfenbein's son, Mark Elfenbein, produced the company's highest selling music products of the 1990s with the creation of the "Club Mix" series which reached RIAA gold and platinum sales success. K-tel increased its worldwide sales, primarily of music-related products, and had a successful NASDAQ IPO trading under the symbol KTEL.