CollegeRecruiter.com Increases Revenues 69 Percent and Profits 114 Percent (January 8, 2008 Press Release)
FOR IMMEDIATE RELEASE
Leading college job board, CollegeRecruiter.com, increased revenues in 2007 by 69 percent over the previous year while also increasing its profits by a staggering 114 percent.
Minneapolis, Minnesota, January 08, 2008 - CollegeRecruiter.com had another banner year last year by increasing revenues to core existing products such as job postings and targeted emails and introducing successful new products such as cell phone text messaging. Preliminary accounting reports indicate that revenues in 2007 were 69 percent higher than they were in 2006 and net income was up by 114 percent. In addition, since 2003, revenues have increased by 789 percent and net income by 1,978 percent.
"Over the past few years, we've been blessed by a reasonably healthy employment market, strong job seeker traffic, and satisfied employer and consumer marketing clients," said Steven Rothberg, President and Founder of CollegeRecruiter.com. "We focused a lot of our attention and resources on building our brand and traffic during the labor market slump of late 2001 into 2003. Those efforts began to pay off as the economy rebounded and employers began not only to hire again but to hire a lot more of the college students and recent graduates that we serve. Over the past few years, our growing and highly capable team has driven a significant increase in the amount of business that we're doing with many long-term clients, added a large number of new clients, and diversified our product offerings in such a way that we were able to greatly increase our revenues but increase our profitability at an even faster clip. For example, our cell phone text messaging product went from essentially not existing in 2006 to being one of our largest producers of revenues and profitability in 2007. But even though the financials would make any owner happy, the real treat for me is to be able to work with such a great team and so many great clients."
CollegeRecruiter.com projects continued healthy growth to its top and bottom line numbers over the coming year in large part because of the number and significance of technology-related changes that it has and will soon implement. Many of the changes which are now in place are already producing greater value for the clients of CollegeRecruiter.com at a lower cost. CollegeRecruiter.com expects similarly positive results from the changes which are not yet in place.
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About CollegeRecruiter.com
CollegeRecruiter.com is the leading job board for college students hunting for internships and recent graduates looking for entry level jobs and other career opportunities. CollegeRecruiter.com features hundreds of thousands of job openings and tens of thousands of pages of employment-related blogs, articles, podcasts, and videos. For more information, please visit http://www.CollegeRecruiter.com.
Contact Information for CollegeRecruiter.com:
Steven Rothberg
Steven@CollegeRecruiter.com
800-835-4989 x704