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Akademos.com Reports Record Revenue, Operating Profitability for Third Quarter
ITHACA, N.Y., Nov. 14 /PRNewswire/ -- Akademos.com, a leading provider of
educational resources for the college market, is pleased to report record
revenues and operating profitability for the third quarter 2001.
Through a combination of increased operating efficiencies and successfully executed
marketing strategies, the company took a significant step towards long-term
success and profitability.
``The growth potential for our business is greater than ever,'' said Brian
Jacobs, President of the company. ``Year-over-year revenue and traffic growth
during the back-to-school period was near 300%, and we look forward to similar
growth in the upcoming spring semester rush period.''
``New strategic partnerships with premier companies, such as Half.com,
Bigwords.com, and Coriolis Group, contributed significantly to our growth,''
explained Jacobs. ``These relationships proved extremely successful in
broadening our exposure and reach.'' As a result of these and other
initiatives, the company's main site, https://www.textbookx.com, attracted over 250,000 unique visitors during the month of August alone.
While the majority of visitors are college students, there has been an increase in the number of
bulk orders from institutions, corporations, and schools.
``Our strategy is to grow organically and eschew the unnecessary marketing
expenses that were characteristic of many now defunct e-commerce companies,''
said Jacobs. ``The recent industry-wide shakeout further justifies the
strategic path that we have chosen. We will continue to grow by partnering
with the right companies, leveraging the word-of-mouth marketing provided by
our satisfied customers, and working to insure that we provide our customers
with the best prices and service available.''
This fall Akademos expects to launch major new programs that will continue
to address the needs of students nationwide. ``Our focus is on making
educational material more affordable nationwide and we believe that our
forthcoming projects will make significant contributions toward that end,''
explained Jacobs.
Akademos.com, LLC was founded in April 1999 by Brian Jacobs, Ph.D., then a
visiting professor at Cornell University. The company's mission is to use new
distribution models and media to democratize and enhance the university
educational opportunity by making instructional materials more accessible.
For more information, please contact marketing@akademos.com
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