| RITZ
INTERACTIVE NAMED FOURTH FASTEST
GROWING
TECHNOLOGY COMPANY BY DELOITTE & TOUCHE
IRVINE,
Calif., Oct. 12, 2004 – E-commerce network Ritz Interactive,
Inc. has been named Orange County’s fourth fastest growing
technology company in Deloitte’s Technology Fast 50 Program.
The Technology Fast 50 rankings from Deloitte & Touche LLP,
one of the nation’s leading professional services firms, are
based on the percentage of growth in fiscal year revenues over five
years, from 1999-2003.
Ritz
Interactive President and CEO Fred H. Lerner credits this impressive
revenue growth to his company’s ability to create and maintain
a totally satisfying online shopping environment at each of its
23 sites. “We are able to consistently provide consumers with
quality products, incredible selection, unparalleled convenience
and the highest level of customer service,” said Lerner. “That’s
why they keep coming back.”
“In
an era where technology companies come and go, making the Deloitte
Fast 50 is a testament to a company's vision that allows growth
over five years,” said Mark Miskinis, partner in the Technology,
Media & Telecommunications practice with Deloitte. “Ritz
Interactive’s leadership has the right stuff for growth, and
Deloitte salutes their accomplishments.”
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 owning proprietary
technology that contributes to a significant portion of the company’s
operating revenues (using other companies’ technology in a
unique way does not qualify); and/or devoting a significant proportion
of revenues to research and development of technology.
Winners
of the 19 regional Technology Fast 50 programs in the United States
and Canada are automatically entered in the Deloitte Technology
Fast 500 program, which ranks North America’s top 500 fastest
growing technology companies. For more information on the Fast 50
or Fast 500 programs, visit www.fast500.com.
About
Ritz Interactive, Inc.
Headquartered in Irvine, California, Ritz Interactive (www.RitzInteractive.com)
is an e-commerce network of interactive Web sites dedicated to providing
a wide selection of leisure-time products at the most competitive
prices for online shoppers. In addition to its leading e-tail destinations,
RitzCamera.com, WolfCamera.com, PhotoAlley.com, CameraWorld.com,
RitzElectronics.com, RitzCards.com, BoatersWorld.com and OuterBanksOutfitters.com,
eAngler.com and InsideSportfishing.com, Ritz Interactive owns and
operates a number of content-oriented community portals, including
Photography.com, FishingOnly.com and BoatingOnly.com. At Ritz Interactive’s
Big Print Gallery, users can upload their favorite digital images
for online display, view images posted by other community members,
and rate photos or post commentary – all free of charge. The
Ritz Interactive Web network also includes ShopAtShark.com –
the official online shopping site for golf legend Greg Norman’s
classic line of signature apparel and accessories. Ritz Interactive’s
e-commerce sites offer incredible selection, plus the added benefits
of a “Low Prices Guarantee,” and no sales tax. Shipping
is also free (for qualifying orders over $100) at RitzCamera.com,
WolfCamera.com, PhotoAlley.com, CameraWorld.com, BoatersWorld.com,
OuterBanksOutfitters.com, eAngler.com and InsideSportfishing.com. |