
bulbs.com Records 60% 1st Quarter Growth
Worcester, Mass., April 29, 2005bulbs.com, a privately held e-commerce light bulb supplier, announced record revenues and profits for the 1st quarter. Driven by continued expansion of the sales force, revenues grew 60% while earnings closed ahead of projections.
"Several initiatives contributed to our Q1 growth, not the least of which was the flawless opening of two additional distribution centers in 2004 and the tripling of our call center since last September," said CEO Steven Rothschild. "As growth of our commercial customer base continues at a pace of over 1,100 new clients per month, we gain substantial additional leverage with our suppliers. Greater purchasing power combined with an effective and low cost operation has enabled us to expand our target customer base to include recognized retail and hospitality chains, large commercial offices as well as a growing number of multi location manufacturing and logistics companies."
bulbs.com has tripled its call center staff over the past nine months. An aggressive campaign to hire additional Inside Sales and Customer Service representatives is in place. "One of our greatest challenges over the next several months will be to continue to attract and retain bright, aggressive and dedicated employees," says Vice President of Administration and Operations Wendy Rose. "In 2004, we improved our benefit offering and we continue to foster a work environment where employees are truly empowered to participate in the management of the business."
About bulbs.com
bulbs.com, headquartered in Worcester, Mass. is the only online light bulb supplier to offer an easy, complete purchasing process with the eSpec searchable database and BulbTrack™ smart reordering technology. Launched in August 1999, bulbs.com celebrated its five-year anniversary with record revenues adding to a growing list of nearly 26,000 commercial customers with over 65,000 locations in the hospitality, retail, property management and manufacturing sectors. bulbs.com announced its first profitable quarter at the close of December 2003, continues to achieve over 40% annual growth, and is positioned to be the leader in this mature, $10 billion a year industry in North America. The company is located at 40 Jackson Street, Worcester, Mass., 01608, and can be reached by telephone at 508-363-2800 or on the Web at www.bulbs.com.