| RITZ
INTERACTIVE NAMED TO THE 2005 DELOITTE TECHNOLOGY FAST
500 LIST OF FASTEST-GROWING TECHNOLOGY COMPANIES IN NORTH
AMERICA
Company
also Ranks Number 14 on Deloitte’s Orange County
Technology “Fast 50” List
IRVINE,
Calif., Oct. 25, 2005 – Ritz Interactive,
Inc. today announced that it ranked number 379 on the
2005 Deloitte Technology Fast 500, a ranking of the 500
fastest-growing technology companies in North America.
Rankings are based on percentage revenue growth over five
years, from 2000 through 2004. Ritz Interactive –
which operates a number of e-commerce sites, including
its flagship sites RitzCamera.com, WolfCamera.com and
BoatersWorld.com – grew 347% percent during this
period.
In
addition to ranking on Deloitte’s Technology Fast
500, Ritz Interactive ranked number 14 on the Orange County
Technology Fast 50, which is a list of the 50 fastest-growing
technology firms in the Orange County area.
Fred
H. Lerner, president and CEO of Ritz Interactive, Inc.,
credits the company’s 347% 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 cameras and photographic accessories,
to boating and fishing equipment, to golf apparel.”
“Achieving
sustained revenue growth of 347% over five years is a
tremendous achievement,” said Tony Kern, deputy
national managing principal of Deloitte ’s Technology,
Media & Telecommunications industry practice.
Fast
500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte’s
15 regional North American Fast 50 lists, nominations
submitted directly to the Fast 500, and public company
database research. To qualify for the Fast 500, entrants
must have had 2000 operating revenues of at least $50,000
USD or $75,000 CD for the United States and Canada, respectively,
and 2004 operating revenues of at least $1 million USD
or CD.
Entrants
must be headquartered in North America and must be a “technology
company,” defined as a company that owns proprietary
technology 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 in a
unique way does not qualify.
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 products, digital cameras 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.
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