143 Distributors Affiliate with iPROMOTEu in 2008
Wayland, Massachusetts-based iPROMOTEu announced it enjoyed a record year in 2008, generating order volume in excess of $49 million–an increase of approximately 14 percent over 2007. In the past five years, iPROMOTEu’s order volume has increased from $13.6 million to almost $50 million for an impressive average annual growth rate of nearly 40 percent.
iPROMOTEu also announced 143 promotional products distributors affiliated with iPROMOTEu in 2008—a pace of roughly one new affiliate every 1.7 business days. Of particular significance is the average sales volume among distributors who affiliated with iPROMOTEu in 2008 increased by 20 percent over the average sales volume among distributors who affiliated in 2007. At the end of 2008, iPROMOTEu had a nationwide network of 425 affiliates from 45 states throughout the country, in addition to affiliates in Puerto Rico and the District of Columbia.
Ross Silverstein, founder, president and CEO of iPROMOTEu, remarked, “The economic challenges of 2008 forced distributors to closely inspect and assess their business practices. With fewer banks and vendors willing to extend credit, many distributors were in trouble.” Silverstein continued, “iPROMOTEu became a lifeline for some of these companies, providing order financing, better supplier pricing and more time to sell. Distributors who are affiliated with iPROMOTEu are well—positioned to thrive in the current economic environment, and I anticipate that many more experienced distributors and salespeople will decide to affiliate with iPROMOTEu in 2009.”
For more information about iPROMOTEu, visit its website at www.ipromoteu.com.