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GROWTH CONTINUES FOR EMOONLIGHTER IN THIRD QUARTER 2003
Emoonlighter, the world's largest online
marketplace for freelance talent, announced triple-digit percentage growth in two key metrics for the third quarter of 2003 compared to the third quarter of 2002. Triple-digit
percentage growth occurred in the number of total projects posted and the amount of revenue earned. Emoonlighter saw the total number of projects posted on its four pecialized sites grow 132 percent. In addition, Emoonlighter witnessed a 122 percent increase in revenue, despite continuing softness in the labor market during the third quarter.
GROWTH CONTINUES FOR EMOONLIGHTER IN THIRD QUARTER 2003
Triple-Digit Percentage Growth Seen in Key Areas for Third Quarter 2003 vs. Third Quarter 2002
PITTSBURGH, Penn. - Emoonlighter, the world's largest online marketplace for freelance talent, announced triple-digit percentage growth in two key metrics for the third quarter of 2003 compared to the third quarter of 2002. Triple-digit percentage growth occurred in the number of total projects posted and the amount of revenue earned. Emoonlighter saw the total number of projects posted on its four specialized sites grow 132 percent. In addition, Emoonlighter witnessed a 122 percent increase in revenue, despite continuing softness in the labor market during the third quarter.
"The acquisition of the Guru.com employer base, announced earlier in the quarter, certainly contributed positively to this quarter's increase in project volume," said Inder Guglani,
Emoonlighter's CEO and Co-Founder. "Given the backdrop of a rather lackluster market for professional services, we are very pleased with the results. Going forward, we are very excited
about adopting the Guru.com name and launching our new web model. The new web model will not only integrate our separate IT, Creative, Office, and Business channels, but also offer many additional functionalities that have been requested by our membership base."
The addition of new features, benefiting both employers and freelancers within the marketplace, contributed to Emoonlighter's
growth in the third quarter of 2003. These new features included:
· enabling employers to upload documents and graphics with their project postings,
· enabling subscribing freelance members to upload documents and graphics with their proposals,
· allowing employers to post private, invitation only projects,
· creating a resource center for employers and freelance members,
· implementing payment via direct deposit for United States based freelance members, and
· implementing payment via PayPal® for international freelance members.
To maintain its strong growth, the Emoonlighter marketplace will continue to evolve to meet the demands of its growing user base.
This evolution includes:
· implementing a direct deposit system for United States based employers,
· introducing additional payment options for international employers,
· introducing additional payment options for international freelance members, and
· launching a newly designed web model and website.
About Emoonlighter:
Emoonlighter is the world's largest online marketplace for freelance talent. Created in August of 2000, Emoonlighter's web-based marketplace directly connects businesses with talented freelancers who specialize in four professional categories: IT work, creative design work, office administration work, and
business consulting. Businesses seeking professional expertise can post their projects or contract work for free. Freelancers
seeking work can register either as a free member or as a subscribing member.
For more information, contact Bill Snider, Public Relations Representative for Emoonlighter at 5001 Baum Boulevard, Suite 696, Pittsburgh, PA 15213. Phone: (412) 687-4510 x819.
Fax: (412) 687-4466. Email: mailto:bsnider@emoonlighter.com.
Internet: http://www.emoonlighter.com.
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