IRVINE, CA, September 27, 2007 - Ritz Interactive, Inc. has been named one of the top 100 fastest growing private companies in Orange County, California by the Orange County Business Journal. Ritz Interactive, an online retail network and e-commerce service provider reported revenues of $97,450,000 for the period June 30, 2006 to June 30, 2007.
According to Business Journal's inaugural list of the fast-growing private companies, the list ranks companies by revenue growth, from June 30, 2005 through June 30, 2007. The list touches on just about all parts of the local economy: technology, consultants, Internet companies, marketing agencies, homebuilders, drug makers, construction companies, restaurant operators, software developers, medical device makers and service providers. It includes only privately held companies, those owned by individuals, families, private equity or other investors. To qualify, companies had to have minimum sales of $300,000 for the 12 months through June 2005.
Fred H. Lerner, president and CEO of Ritz Interactive, Inc., credits the company's continued revenue growth to an expanded assortment of high-end digital cameras and consumer electronics, 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."
Business Journal editor Michael Lyster said, "Our list represents a cross section of Orange County's economy. It ranges from technology and e-commerce companies to apparel and drug makers and beyond. It really gives a flavor of the county's entrepreneurial culture."
Ritz Interactive is an award-winning, specialty online 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 www.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.
The Orange County Business Journal has been Orange County's premier business resource for thirty years with total circulation of over 23,000. Each week, the Business Journal delivers the most complete package of news and information on Orange County's companies, industries and businesspeople. It is comprehensive, authoritative, concise and entertaining. Presented in a lively and accessible format, the Business Journal is required reading for Orange County executives, managers and professionals - written in an up-tempo, breezy style that reveals the drama, excitement and fun in business.