“We are proud to be a part of the thriving New Jersey business community and we look forward to many more years of running our business in the state’s great business environment.”
Brick, NJ (PRWEB) December 01, 2014
CardCash.com, the web's leading gift card marketplace, has been ranked as [the fourth fastest growing company in New Jersey for 2014. The award was presented by NJBIZ, New Jersey’s premiere business news publication, and is the second year in a row that CardCash.com has made the list. CardCash.com ranked #17 last year.
The NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey's most dynamic companies who progressively contribute to the success of the state's economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of at least $500,000 within the past two out of three years and revenue growth over a three year period, dating from fiscal year 2011 to 2013.
Mr. Jeremy Levi, Director of Marketing, and Mr. Alan Howitt, VP of Finance, accepted the award on behalf of CardCash.com. “It’s an honor to be recognized for our growth by NJ Biz and the event’s prestigious sponsors”, says Mr. Levi. “We are proud to be a part of the thriving New Jersey business community and we look forward to many more years of running our business in the state’s great business environment.”
NJBIZ and the program sponsors honored this year’s event and announced their ranking during an awards ceremony on Thursday, November 13, 2014 at The Palace at Somerset Park in Somerset, New Jersey. The award program was presented by Baker Tilly and Citi and sponsored by Archer & Greiner PC, Comcast Business, Emerald Financial, and UnitedHealthcare.
Annual gift card sales exceeded $113 billion in the United States in 2013, with 27% of gift card recipients not having redeemed the gift cards they received last year. CardCash.com provides a simple and secure online exchange that helps consumers convert their unused gift cards into cash for as much as 97% of face value. Those in the market for gift cards, meanwhile, can buy credit to top national brands at a discount as high as 40%.
Based in Brick, New Jersey, CardCash.com offers the country’s largest and most secure selection of discounted gift cards online, and has been profitable since its founding in 2008, even as it more than doubled sales each year. The company was ranked #14 out of 100 on Forbes’ list of America’s Most Promising Companies for 2014. For three years running, Inc. magazine has included the company on its prestigious Inc. 500 list of the fastest growing private companies in America.
In November 2013, CardCash raised Series A venture funding from Guggenheim Partners, a global financial services firm, and in July 2014, CardCash entered into a partnership agreement with Incomm, the global gift card giant.
For more information about the NJBIZ 50 Fastest Growing Companies awards program please visit http://www.njbiz.com/events.