Contact Information: CONTACT: Merilee Kern Kern Communications 858-577-0206
CableOrganizer.com's Financial Position Stronger Than Ever With Record 2008 Annual Revenues in Excess of $13 Million -- up Over 30%
Company Also Increases Order Uptake 24.16%, Decreases Shopping Cart 'Abandonment' 7.06%, Grows Unique Monthly Site Visitors 31.24%, and Now Boasts More Than 31,000 Inventory SKUs -- All Furthering Its Stronghold as the Most Comprehensive Product Resource in Its Category
| Source: CableOrganizer.com
FORT LAUDERDALE, FL--(Marketwire - March 4, 2009) - Industry leading eTailer
CableOrganizer.com (http://cableorganizer.com/?utm_medium=PR), among the
world's foremost providers of cable, wire and equipment management-related
products for use in business and at home, today announced that despite the
economic recession that engulfed the nation throughout 2008, it realized
record gross annual revenues in excess of $13 million for that same year --
a whopping 30.54% increase over the year prior.
In addition to its astounding revenue growth amid a severe economic
recession, CableOrganizer.com also significantly improved a number of other
key operational metrics. Namely, orders increased by nearly a full quarter
at 24.16%, shopping cart "abandonment" decreased 7.06%, the number of
unique monthly site visitors jumped 31.24%, and the company now boasts over
31,000 inventory SKUs, furthering its stronghold as the most comprehensive
product resource in its category.
"Our success in 2008, and that anticipated for 2009, is a direct reflection
of our company culture that combines innovation at every level with a
traditional American work ethic," said Paul Holstein, CableOrganizer.com
COO. "The result is infrastructure, systems and processes that are more
sophisticated than most of our competitors. In addition, our commitment to
providing the best possible customer service experience allows us to enjoy
a decidedly high rate of loyal, repeat customers and referral business
related thereto."
"When forecasting for 2008, we made a conscious decision to grow our
company faster than the economy would shrink," Holstein continues. "Toward
this end, we actively grew our business in a number of important areas. In
addition to ramping up staffing for Web design, content creation and
inventory growth, we also found new and effective places to advertise,
expanded our sales outlet and physical warehouse space to 10,000 square
feet, and enhanced our mission-critical product pages and site search
capabilities."
In addition to an impressive array of fiscal milestones, 2008 also
delivered multiple top honors for CableOrganizer.com. In August the
company was named on the 2nd annual Inc. 5,000 list of the fastest growing
private companies in the United States. The company ranked in position
number 1,929 -- the 38th percentile -- on the coveted list, having realized
astounding 2004-2007 sales growth of 193%. CableOrganizer.com also secured
position 82 in the 2008 Inc. 5,000's list of "Top 100 Retail Companies,"
and position 54 also in this year's "Top 100 Companies in Miami-Fort
Lauderdale-Miami Beach, Florida."
Also in 2008, CableOrganizer.com was named on DiversityBusiness.com's list
of "Top 500 Women Owned Businesses in the US," and secured position number
24 on its list of "Top 100 Women Owned Businesses in Florida."
CableOrganizer.com was also named one of the South Florida Business
Journal's 2008 "Best Places to Work."
About CableOrganizer.com
Founded in February 2002 and headquartered in Fort Lauderdale, FL,
CableOrganizer.com is a premier cable and wire management-related product
vendor. 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 named among 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."
CableOrganizer is a trademark of CableOrganizer.com, Inc. Other product
and company names herein may be trademarks of their respective owners.
Copyright 2009 CableOrganizer.com, Inc. All rights reserved.