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For Immediate Release
April 07, 2003 NEXTAG ACHIEVES SIXTH STRAIGHT QUARTER OF PROFITABILITYFastest Growing Shopping Search Engine has been Profitable and Cash-Flow Positive Since Q4 2001
SAN MATEO, Calif. - April 07, 2003 "NexTag was one of the first companies in the shopping search category to reach profitability," said Purnendu Ojha, CEO of NexTag. "Our financial track record firmly establishes the company as a leader. We attribute this success to the overwhelming adoption of our service by millions of consumers and thousands of online merchants." Millions of consumers use NexTag because it helps them to quickly find the best prices online. NexTag's unique technologies provide fast and relevant shopping search results, exact total prices, and product price histories. "Online comparison shopping sites have experienced solid success, especially during the holiday season," said Lisa Strand, director and chief ecommerce analyst, Nielsen//NetRatings. "NexTag's emergence as a leading comparison shopping service has been a rapid one, increasing its traffic nearly 10 times since the middle of 2001 and providing the largest source of traffic to technology retailers such as CDW." Thousands of online merchants use NexTag as a primary source of qualified leads to their stores. NexTag's unique technology and performance-based pricing creates a highly efficient method of customer acquisition. "NexTag provides us with some our most qualified leads compared with other online sources," said Gina M. Caballeros, online marketing manager of CDW. "The quantity and quality of NexTag's traffic sets it apart." "NexTag's site speed and specialized comparison features such as exact total price, product ratings, and price history make it an ideal site for individual consumers and small business buyers," said Paul Vollenweider, Vice President of Shop Toshiba. "NexTag consistently drives a strong conversion-to-sales ratio at our online store."
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