GoCollect.com's Revenue Doubles Company Continues Growth Trend in Third Quarter.Business Editors CHICAGO--(BUSINESS WIRE)--Nov. 6, 2000 GoCollect.com (www.gocollect.com), the Web's widest selection of gifts and collectibles, today announced its third quarter 2000 results. The leading consumer collectibles Web site continues to grow and exceed its goals. GoCollect.com, which launched less than a year ago, continues to grow and outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, other collectibles Web sites. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. PCData, in September September: see month. GoCollect.com ranked number 444 out of the world's top 10,000 Web sites, based on site traffic and 1.8 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. , reaching 2.1% of all people on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . And in the key demographic of women, GoCollect.com ranked number 265 with a 2.9% reach. GoCollect.com continues to cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. its position as one of the top Web sites for collectors. In an independent study by Unity Marketing, the leading collectibles research firm, when Internet collectors were asked to rank their favorite Web sites for collecting, GoCollect.com ranked third, behind established Internet retailers eBay and Amazon.com and ahead of Hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. .com. Key areas of third quarter growth include: -- Revenue - doubled over last quarter -- Number of orders - grew by over 50% over last quarter -- Size of orders - increased by 25% -- Dealer Network - grew to over 850 retail locations -- Registered members - exceeds 200,000, more than double last quarter's members -- Product lines - over 100 product lines now featured, carried less than 30 at launch Operating in the highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. collectibles industry (there are thousands of independent gifts and collectibles stores across the country), GoCollect.com is consolidating this $11 billion industry with their unique "bricks-and-clicks" business model. Dealer Network Retailers, which now number more than 850, benefit from an Internet solution for their customers who purchase online and a marketing program that directs new online customers to their stores. Retailers also realize financial benefits by earning a commission on purchases made by their customers on GoCollect.com. As part of the Dealer Network program, GoCollect.com provides marketing support for the independent retailers. As each retailer joins the program, they receive an innovative and comprehensive marketing tool kit, designed to enhance GoCollect.com's presence in the retail stores and to help the retailer announce their new e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. capabilities to their customers and community. This kit offers support for the stores, makes it easy for them to participate and build their online business, helps stores let their customers know about their affiliation with GoCollect.com and helps increase GoCollect.com's brand awareness. The Dealer Network offers retailers in the collectibles industry several benefits, including: -- Access to an expanded inventory -- Internet revenue to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: store sales -- The ability to sell GoCollect.com branded product exclusives. These collectibles items are only available on GoCollect.com and in the Dealer Network stores. -- Avoiding the costly investment needed to develop, maintain and market an e-commerce enabled Web site. GoCollect.com's rapid third quarter growth can be contributed to a combination of targeted online and offline marketing programs, including: -- Strong vendor programs and product exclusives, including exclusive products by Disney and CastArt -- Special online events targeted to collectors -- Specialty Shops, including the Gift Floor, Candle Floor and Christmas Floor, which joined existing specialty shops of Vintage Movie Posters and Sports & Entertainment During the quarter, GoCollect.com also acquired ByWeb, an application service provider (ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). ) serving the gifts, collectibles, home decor and furnishing markets. With the acquisition of ByWeb, GoCollect.com now expands its business-to-consumer offering with business-to-business services to better meet the needs of the $50 billion gift and collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. industry. About GoCollect.com GoCollect.com unites collectors, retailers and manufacturers from the highly fragmented collectibles industry on their community-focused Web site. Created by collectors for collectors, GoCollect.com offers fresh, broad content, an interactive community and the Web's widest selection of gifts and collectibles. As the collectibles industry's most trusted and comprehensive source for information and services, the site facilitates the collecting experience for the more than 37 million collectors and thousands of independent retailers in the U.S. today. |
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