(PRWEB) February 28, 2003
For Immediate Release: February 28, 2003
CRM Start-up, thedatabank, Cash-flow Positive
Year Proves Benefits for Non-Profits.
Cost-Effective, Time-Saving CRM Applications
Increase Revenue by 60% for Non-Profits.
MINNEAPOLIS, MN Â Feb 28, 2003 Â thedatabank, leading provider of Web based CRM (Customer Relationship Management) applications for the non-profit sector, today announced its 2002 achievements including being cash flow positive for over a year, its plans for growth in 2003 and its renewed commitment to provide powerful CRM applications to the non-profit and public sectors.
thedatabankÂs Web based CRM services have increased revenue up to 60% for its client roster that consists of such leading non-profit organizations as the United Nations Association-USA, the Sierra Club, the American Lung Association, and numerous state and federal political campaigns. thedatabank has also attracted a strong advisory board with members including Stuart Ackman, National Director of the United Nations Association, John F. Carlson, former CEO Cray Research, and Susan Lester, former CFO US Bankcorp.
thedatabank has achieved strong market penetration by providing solutions to an untapped market while being cost-effective and extremely easy to adopt. Consequently, thedatabankÂs revenue has grown 200% annually since inception and the company has been cash flow positive for over a year; a formidable achievement given todayÂs economic environment.
ÂNow more than ever the non-profits requires the tools to manage and communicate with their members to fundraise in a cost-effective way,Â said Chris Hanson, CIO. ÂWe will continue to provide innovative tools to non-profits as we look forward to prosperous growth in the coming years.Â
With over 30 years of experience in the non-profit sector, thedatabankÂs founders identified a strong market need that was being unfulfilled. As a result, a completely Web-based CRM suite of services tailored for non-profits was developed.
thedatabankÂs scalable and robust modular architecture requires minor customization for product commercialization across a number of industries. Thus, it plans for continued growth in 2003 by providing its solutions to the non-profit sector and other identified industries that need easy to use, cost-effective Web-based CRM services.
About thedatabank, inc.
thedatabank, inc., a Minnesota based company, has been providing online CRM solutions tailored for the non-profit sector since 1998. The CRM applications are being used by over 100 organizations around the country. It has two flagship services: e-ActionMax, an online action alert system for influencing decision makers; and DonorMax, an online fundraising management system.
For more information about thedatabank, visit http://www.thedatabank.com or contact:
Chris Hanson, CIO
(952) 843-0088 ext. 2
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