Ritz
Interactive Named One of Orange County’s Fastest
Growing Technology Companies in Deloitte’s Technology
Fast 50 Program
Attributes
Customer-Centric Business Approach to its 166 Percent
Revenue Growth
IRVINE,
Calif., October 4, 2006
– For the third consecutive year, Ritz Interactive,
Inc. has been named to Deloitte’s prestigious Technology
Fast 50 Program for the Orange County Region, a ranking
of the 50 fastest growing technology, media, telecommunications
and life sciences companies in the area by Deloitte &
Touche USA LLP, one of the nation’s leading professional
services organizations. Rankings are based on the percentage
revenue growth over five years from 2001–2005. Ritz
Interactive’s increase in revenues of 166 percent
resulted in an 18th place ranking in the Technology Fast
50 for Orange County.
This
year’s Orange County Technology Fast 50 program
is co-presented by Deloitte & Touche USA LLP and Porsche
Motorsport, Continental Airlines, DLD Insurance, McDermott
& Bull, Comerica, Stradling Yocca Carlson & Rauth,
Cresa Partners and Merrill Corporation, in association
with AeA and the Technology Council of Southern California.
Fred
H. Lerner, president and CEO of Ritz Interactive, Inc.,
credits the company’s 166% revenue growth over the
past five years to high-demand product offerings, an emphasis
on customer service, and the popularity of online shopping.
“We are pleased with the growth of our e-commerce
network since the launching of our first site in 1999,”
said Lerner. “Our websites offer a variety of lifestyle
products ranging from digital cameras, photographic accessories
and plasma TV’s, to boating and fishing equipment
and golf apparel.”
“Deloitte’s
Orange County Technology Fast 50 companies have shown
the strength, vision and tenacity to succeed in today’s
very competitive technology environment,” said Rick
Rayson, Managing Partner, Deloitte & Touche LLP in
Orange County. “We applaud the successes of Ritz
Interactive and acknowledge it as one of the very few
to accomplish such a fast growth rate over the past five
years.”
To
qualify for the Technology Fast 50, companies must have
had operating revenues of at least $50,000 in 2001 and
$5,000,000 in 2005, be headquartered in North America,
and be a company that owns proprietary technology or proprietary
intellectual property that contributes
to a significant portion of the company’s operating
revenues; or devotes a significant proportion of revenues
to the research and development of technology. Using other
companies’ technology or intellectual property in
a unique way does not qualify.
Winners
of the 16 regional Technology Fast 50 programs in the
United States and Canada are automatically entered in
Deloitte’s Technology Fast 500 program, which ranks
North America’s top 500 fastest growing technology,
media, telecommunications and life sciences companies.
For more information on Deloitte’s Technology Fast
50 or Technology Fast 500 programs, visit www.fast500.com.
About
Ritz Interactive, Inc.
Ritz Interactive is an award-winning, specialty online
retailer and e-commerce service provider that operates
a network of websites offering high quality, branded lifestyle
products. Since its inception in Irvine, California in
1999, the company has become a leader in providing a full
array of photographic and digital cameras, consumer electronics,
and marine boating and fishing products at competitive
prices for online shoppers. Ritz Interactive’s leading
photo-specialty e-commerce websites are RitzCamera.com
and WolfCamera.com, while the company’s leading
marine e-commerce website is BoatersWorld.com. Each of
the individually branded and marketed websites offers
a broad and deep selection of competitively priced products
and brings an established brick-and-mortar reputation
to the company’s e-commerce platform.
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 US member firm of Deloitte
Touche Tohmatsu. In the US, services are provided by the
subsidiaries of Deloitte & Touche USA LLP (Deloitte
& Touche LLP, Deloitte Consulting LLP, Deloitte Financial
Advisory Services LLP, Deloitte Tax LLP and their subsidiaries),
and not by Deloitte & Touche USA LLP
PR
Contact:
Andre Brysha, Ritz Interactive, Inc.
Tel: 949-442-0205
Fax: 949-442-0210
E-mail: brysha@ritzinteractive.com
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