RITZ
INTERACTIVE REPORTS THIRD QUARTER REVENUE GROWTH OF 32
PERCENT
IRVINE,
Calif., October 17, 2006,
– Ritz Interactive, Inc., the e-commerce network
that includes RitzCamera.com, WolfCamera.com, BoatersWorld.com
and other leading online-shopping sites, reported a 32.2%
increase in merchandise revenue for the third quarter
of 2006 over the same period last year. Third quarter
merchandise revenue grew to $19.9 million in 2006, compared
to $15.1 million during the same three-month period of
2005. Ritz Interactive President & CEO Fred H. Lerner
credits the sales increase primarily to strong consumer
demand for new, state-of-the-art digital single lens reflex
camera models from Nikon, Canon and others offered at
the company’s photo-specialty websites.
“We
attribute much of our recent growth to our loyal customers
upgrading their entry-level digital cameras with the latest
digital technologies,” noted Lerner. “Purchases
of digital single lens reflex cameras with interchangeable
lenses have far exceeded industry expectations,”
Lerner said. “We pride ourselves in offering one
of the largest selections of digital single lens reflex
cameras online.”
Launched
in April of 1999, Ritz Interactive has evolved into one
of the Web’s most successful retailers, offering
online shoppers an amazing array of products and accessories,
plus the added benefits of no sales tax and free shipping
on most photo items. In addition to its flagship Web properties
RitzCamera.com (www.RitzCamera.com), WolfCamera.com (www.WolfCamera.com)
and BoatersWorld.com (www.BoatersWorld.com), the Ritz
Interactive network includes such popular sites as CameraWorld.com
(www.CameraWorld.com), PhotoAlley.com (www.PhotoAlley.com),
eAngler.com (www.eAngler.com), OuterBanksOutfitters.com
(www.OuterBanksOutfitters.com), and ShopAtShark.com (www.ShopAtShark.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 selection
of photographic and consumer electronics products as well
as a wide range of 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.
PR
Contact:
Andre Brysha, Ritz Interactive, Inc.
Tel: 949-442-0205
Fax: 949-442-0210
E-mail: brysha@ritzinteractive.com
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