Industry News and Information
CollegeRecruiter.com Named to Inc. 5000 List of Fastest Growing Companies (August 20, 2008 Press Release)
FOR IMMEDIATE RELEASE
America’s 5000 Fastest-Growing Private Companies Revealed
5000 Fast-Growth Companies to Quell Your Recession Fears – List Reports Aggregate Revenue of $185 Billion
CollegeRecruiter.com Ranks No. 1403 on the 2008 Inc. 5,000 With Three-Year Sales Growth of 270%
MINNEAPOLIS, MINNESOTA, August 20, 2008 – Inc. today ranked CollegeRecruiter.com number 1043 on its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
CollegeRecruiter.com is the leading job board for college students searching for internships and recent graduates hunting for entry level jobs and other career opportunities. Unlike most job boards which focus on commodity products such as resume searching and job postings, the growth of CollegeRecruiter.com has been driven by its focus on innovative new media products such as targeted email campaigns, targeted cell phone text messaging campaigns, pay per click job posting ads, and pay per lead job posting ads.
In this year’s rankings, CollegeRecruiter.com made the Inc. 5000 list as the 1,403rd fast growing company overall, 17th fastest amongst education-related companies, and 23rd fastest in the Minneapolis-Saint Paul metro area. With only eight employees plus contractors, CollegeRecruiter.com has seen its revenues explode from $660,424 in 2004 to $2.4 million in 2007, an increase of 270 percent.
“We are thrilled to be recognized as one of the fastest growing companies in the United States,” said Steven Rothberg, president and founder at CollegeRecruiter.com. “We agree with Inc.’s analysis that our rapid growth was due to two primary factors:
- Since 2004, we’ve added a number of new and innovative products and job board software which is very candidate friendly. Our innovative products include:
- Pay per click job postings;
- Pay per lead job postings;
- Targeted email campaigns to our double opt-in database of 10 million college students, recent grads, and alumni; and
- Cell phone text messaging (SMS) campaigns to the same database of 10 million college students, recent grads, and alumni.
- We found new ways to advertise our site to job seekers, including the creation of Facebook applications and a YouTube channel with more than 350 career-related videos.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com’s audience of business leaders. Visit http://www.inc.com.
The Inc. 5000 is an expansion of the Inc. 500, which Inc. introduced in 1982. The Inc. 5000 includes the Inc. 500 but digs deeper to offer the most comprehensive look ever at the entrepreneurial engine driving the U.S. economy. Inc.com bills itself as the daily resource for entrepreneurs.
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
