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Ritz Interactive Reports First Quarter Revenue Growth of 30 Percent

SOURCE:

Ritz Interactive, Inc.

2008-04-03 03:00:00

Ritz Interactive Reports First Quarter Revenue Growth of 30 Percent

IRVINE, CA–( EMWNews – April 3, 2008) – Ritz Interactive, Inc., the e-commerce network

that includes RitzCamera.com, WolfCamera.com, BoatersWorld.com and other

leading online-shopping sites, reported a 30% increase in merchandise

revenue for the first quarter of 2008 over the same period last year. First

quarter merchandise revenue grew to $25.0 million in 2008, compared to

$19.3 million during the same period in 2007. Ritz Interactive President &

CEO Fred H. Lerner credits the sales increase to continued strong consumer

demand for digital single lens reflex cameras, the addition of thousands of

new consumer electronics products, strong corporate sales and attractive

promotions from suppliers and PayPal.

“Much of our recent revenue growth is from customers upgrading their entry

level digital cameras to the new, more sophisticated digital single lens

reflex cameras,” noted Lerner. “We have seen a tremendous demand for newly

introduced high-end digital cameras from Nikon and Canon. Specifically, the

Nikon D300, Nikon D3 and Canon EOS 1DS Mark III are doing exceptionally

well. Additional growth is attributed to our continued expansion into the

consumer electronics, home office and corporate business,” Lerner said.

Launched in April of 1999, Ritz Interactive has evolved into one of the

Web’s most successful retailers, offering online shoppers an amazing array

of products and accessories, plus the added benefits of no sales tax and

free shipping on most photo items. In addition to its flagship Web

properties RitzCamera.com (www.RitzCamera.com), WolfCamera.com

(www.WolfCamera.com) and BoatersWorld.com (www.BoatersWorld.com), the Ritz

Interactive network includes such popular sites as CameraWorld.com

(www.CameraWorld.com), PhotoAlley.com (www.PhotoAlley.com), eAngler.com

(www.eAngler.com), OuterBanksOutfitters.com (www.OuterBanksOutfitters.com),

and ShopAtShark.com (www.ShopAtShark.com).

About Ritz Interactive, Inc.

Ritz Interactive is an award-winning, specialty online retailer and

e-commerce service provider that operates a network of websites offering

high quality, branded lifestyle products. Since its inception in Irvine,

California in 1999, the company has become a leader in providing a full

selection of photographic and consumer electronics products as well as a

wide range of marine, boating and fishing products, at competitive prices

for online shoppers. Ritz Interactive’s leading photo-specialty and

consumer electronics e-commerce websites are RitzCamera.com and

WolfCamera.com, while the company’s leading marine e-commerce website is

BoatersWorld.com. Each of the individually branded and marketed websites

offers a broad and deep selection of competitively priced products and

brings an established brick-and-mortar reputation to the company’s

e-commerce platform.

Contact:
Andre Brysha
Ritz Interactive, Inc.
Tel: 949-442-0205
Fax: 949-442-0210
E-Mail:

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