GoCollects robust growth defies economic and industry trends

GoCollects robust growth defies economic and industry trends. GoCollect has experienced a 100% increase in revenues in January and February 2002, doubling our growth from January and February 2001 - this despite of recession and political environment.

Were fortunate that GoCollect has become among the fastest growing businesses in the collectibles and gifts industry today, with a growth rate that seems to defy current economic and industry trends," said Ron Rafaloff, President & Chief Operating Officer, and a founder of the company. Im pleased to report that GoCollect has experienced a 100% increase in revenues in January and February 2002, doubling our growth from January and February 2001. Our fourth quarter results from 2001 were also robust as product sales increased more than 40% over the third quarter, and the average order size rose 70% from a year earlier. Our product catalog grew to over 36,000 skus representing more than 170 product lines. In addition, GoCollects dealer network grew to over 1,300 retail stores nationwide and our affiliate network grew to over 2,500 websites globally. The number of registered members is rapidly approaching the 500,000 mark. Were confident and expect that that our rate of growth will continue throughout the year," said Rafaloff.
GoCollect Inc. has launched into 2002 with marketing strategies that integrate its channels with that of its manufacturers and retailers. One example of our marketing strategies was a promotion of an exclusive product from one of our manufacturers, Willitts. Willitts Just The Right Shoe promotion sold out 5,000 pieces in just under 3 hours via both our online and offline channels, " said Sam Hanna, Executive Vice President of Marketing, and a founder of the company. This demonstrates how GoCollect is an ideal marketing partner in integrating a great product idea with creative and global marketing strategies. Prior to the release of the product, GoCollect helped to build strong consumer demand resulting in a greatly anticipated online event. In addition, members of GoCollects dealer network sold out so fast, they could hardly keep up with the demand! GoCollect has a solid calendar of such promotions planned throughout the year. In our industry, only GoCollect has the ability to tap into the current 300,000,000 online global users, and drive new customers to help expand our manufacturers and retailers businesses," said Hanna.
GoCollects mission is to serve the collectible and gift communities, including consumers, retailers and manufacturers," said Rafaloff, As part of our mission, we support our manufacturers marketing strategies. We enable our retailers to grow and protect their customer base, benefit from e-commerce and expand their businesses. The millions of collectors who visit our site receive the widest variety of quality products, fresh useful content and helpful customer care. Were as passionate about the collecting experience as our collectors are. Were committed, excited and grateful to have the opportunity to continue to fulfill our mission to the industry."
For more information about how companies can benefit from GoCollects integrated marketing strategies, contact Sam Hanna, Executive Vice President of Marketing at shanna@gocollect.com
About GoCollect Inc.
GoCollect Inc. unites and serves consumers, retailers and manufacturers within the fragmented collectibles industry utilizing a community-focused Web site. Created by collectors, for collectors, GoCollect offers fresh, broad content, an interactive community and the Webs widest selection of collectibles and gifts. As the collectibles industrys most trusted and comprehensive source for information and services, the site facilitates the collecting experience for the more than 37 million collectors in the U.S. today. More than 1,300 retailers nationwide are benefiting from the GoCollect Dealer Network .