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PriceGrabber Named Fastest Growing Technology Company in Los Angeles by Deloitte Technology Fast 50 Program
LOS ANGELES --(Business Wire)-- Sept. 22, 2004 -- Attributes its 51,648 Percent Revenue Growth to its Focus on Consumers
PriceGrabber.com, one of the Web's most innovative and trusted comparison shopping sites, has been ranked first in Los Angeles by the prestigious Deloitte Technology Fast 50 Program, which ranks the 50 fastest growing technology companies in the area. The ranking was compiled by Deloitte & Touche LLP, one of the nation's leading professional services firms, and is based on the percentage of growth in fiscal year revenues over five years (1999-2003).
PriceGrabber achieved its number one ranking in the Fast 50 for Los Angeles by posting revenue growth of 51,648 percent from 1999 to 2003. The company was founded in 1999 with the goal of offering the most valuable comparison shopping service to consumers. Over the past several years, PriceGrabber has introduced numerous innovative solutions to enhance the comparison shopping experience for consumers. From early innovations such as BottomLinePrice(TM), which calculates tax and shipping estimates for purchases, to recent advances such as PriceGrabber Autos, which lets shoppers obtain multiple competitive quotes from local dealerships, PriceGrabber has remained committed to its central mission of providing the most valuable comparison shopping service to consumers.
"We set out in 1999 without venture capital or industry fanfare with the mission to offer the best comparison shopping experience on the Internet," said Kamran Pourzanjani, president of PriceGrabber.com. "Over the years, true to our mission, we added countless innovations to our site to empower consumers to make more informed shopping decisions. As a result, today we have a large and fast growing community of Web users that trust and rely on PriceGrabber as their comparison shopping service of choice. We are very pleased with the historical revenue growth that we have achieved as it is a natural consequence of our commitment to consumers."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003; must be public or private companies headquartered in North America; and be a "technology company," defined as a company owning proprietary technology that contributes to a significant portion of the its operating revenues, and/or devoting a significant proportion of revenues to research and development of technology. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.
"In an era where technology companies come and go, making the Deloitte Fast 50 is testament to a company's vision over five years," said Tim Lovoy, Deloitte partner in the Technology, Media & Telecommunications practice, Los Angeles. "PriceGrabber's team has the right stuff for growth, and Deloitte salutes their accomplishments."
Additionally, PriceGrabber was recently recognized with a WebAward for "Outstanding Web Site" from the Web Marketing Association (WMA). The WebAwards is an annual award competition that judges website development against an ever increasing Internet standard and against peer sites within their industry. The Outstanding Web Site award recognizes web development work that is deemed above and beyond the standard of excellence set by the WMA. Competition award judges commented that the PriceGrabber website is "powerful, effective, comprehensive and easy to navigate."
About PriceGrabber
PriceGrabber.com is a leader in comparison shopping and is widely recognized as one of the best and most useful sites on the Internet by industry leading publications including PC World(1) and PC Magazine(2). The company's web site is the starting point for savvy shoppers who value their time, money and privacy. PriceGrabber's innovative services include BottomLinePrice calculation, Storefronts marketplace, merchant ratings and reviews, detailed product information and reviews, side-by-side product comparisons and email notification of the best prices and availability on the Internet -- making PriceGrabber a valuable ally for any shopper. For merchants, manufacturers and partners, PriceGrabber provides valuable visibility to an active population of shoppers. PriceGrabber's vast database of consumer comparison shopping habits is available for companies seeking in-depth product and market analysis. The company offers comparison shopping in English (at www.pricegrabber.com), Spanish (at www.preciomania.com) and Portuguese (at www.precomania.com) as well as international sites in Canada and the United Kingdom. PriceGrabber is headquartered in Los Angeles, CA.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
Web Marketing Association
Now in its eighth year, the WebAward Competition for website development is conducted by the Web Marketing Association, Inc. (WMA), an independent volunteer organization founded with the purpose of evaluating, recognizing and increasing the standard of excellence on the World Wide Web. Its website is located at www.webaward.org.
PriceGrabber is a registered trademark, and PriceGrabber.com and BottomLinePrice are trademarks of PriceGrabber.com, LLC. Other trademarks or registered trademarks are the property of their respective owners.
(1) PC World, January 2004, "The Art of the Deal"
(2) PC Magazine, April 20, 2004, "Top 100 Classics"
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