PLEASANT RIDGE – ePrize, a week after annoucing a $32 million angel investment round, said Monday it posted record sales of $28.6 million in 2005, a 54 percent gain from the year before.
The interactive promotion agency also said it added 151 new clients in 2004. As a result, ePrize hired 84 new full-time employees, brining its head count to 160. This year ePrize hopes to add another 115 employees.
Last week, ePrize announced that four Detroit-area business leaders invested $32 million into the interactive promotions agency. The $32 million investment was done by local investors Brian Hermelin and Gary Shiffman, and joined by Livonia, Mich.-based Camelot Ventures, which is led by Detroit businessmen David Katzman and Dan Gilbert.
See earlier story: MItechnews.Com
In 2005, ePrize recorded sales of $28.6 million, up from $18.55 million in 2004. No net income figures were announced by the private company.
ePrize, in a statement, said it developed 595 promotions for the world?s major brands. Agency?s clients include such leading brands as Coca-Cola, American Express, Harrah’s, General Motors, The Home Depot, Yahoo!, The Gap, Palm, Ford, Northwest Airlines, Unilever, P&G, Warner Brothers, Dell and Subway. In 2005, promotions created by ePrize ran in 36 countries and offered 690,000 prizes and rewards worth a total of $27.54 million. More than 50 million unique visitors participated in ePrize promotions during the year.
ePrize has offices in metro Detroit, New York, Chicago, Los Angeles, Dallas and London.
For more information, click on ePrize.Com
