Contact Information: CONTACT: Juan Ribero CableOrganizer.com (954) 861-6322
CableOrganizer.com, Inc. Outperforms General Motors in Profit for the Fourth Year in a Row
| Quelle: CableOrganizer.com
FORT LAUDERDALE, FL--(Marketwire - November 21, 2008) - Industry leading eTailer
CableOrganizer.com, among the world's premier providers of cable, wire and
equipment management-related products for use in business and at home,
today announced that it made $21.2 billion more in profit than General
Motors Corporation (GM) for the nine months ending September 30, 2008.
"We are very pleased about our 2008 profitability and are obviously honored
to have beaten GM by such a wide margin," said Paul Holstein, senior vice
president of CableOrganizer.com, Inc.
"Obviously we couldn't match their revenue, but we were able to beat them
handily on costs and expenses," notes Holstein. "For example, we put off
buying a fleet of Gulfstream G5 private jets. That, right there, saved us
millions of dollars."
In 2007, CableOrganizer.com beat GM by $38.7 billion. The well-run company
also beat GM in 2006 by almost two billion dollars and by $10.4 billion in
2005. When asked what the secret was to their success, Holstein offered,
"It's important to spend less money than you make."
Mr. Holstein claims that he has not been contacted by anyone at GM to help
them run the company and did not indicate if he would, in fact, take the
top position at GM if it were offered to him. However, he hinted, "I'm
sure I could lose far less than GM in my very first year."
When asked to predict results for 2009, Mr. Holstein, citing Lee Iacocca's
revival of Chrysler on a $1 salary in 1979, said he was hopeful that GM
management would start making the difficult decisions that are in the best
interests of their workers and the future of the once great American
company. Naturally, he also hoped that CableOrganizer.com, Inc. would once
again outperform them, but this time, with a closer finish.
About CableOrganizer.com
Founded in February 2002 and headquartered in Fort Lauderdale, FL,
CableOrganizer.com is a premier cable, wire and equipment management
eTailer that specializes in electrical and home theater supplies, cable
management, equipment racks and networking solutions for use in business
and at home. The company provides companies, organizations and individuals
around the globe with 24/7/365 access to an extensive array of high-quality
products and information resources through its convenient online
storefront. In addition to http://CableOrganizer.com, the company also owns
and operates http://CableOrganizer.fr, which is operated out of Rennes,
France. CableOrganizer.com also publishes "On the Wire," a free monthly
electronic newsletter with a considerable multi-national opt-in circulation
base. Among other honors, CableOrganizer.com was ranked number 1,929 on
Inc. Magazine's 2008 Inc. 5000 list of America's Fastest Growing Private
Companies, also securing position 82 on Inc.'s list of "Top 100 Retail
Companies." CableOrganizer.com was also named among Inc. Magazine's 2007
Inc. 500, Internet Retailer magazine's 2007 "Top 500" and earned a
Stevie® Award as the "Best Overall Company of the Year - Non-Services
Businesses - Up To 100 Employees."