Company reports double-digit growth despite economic slowdown
SAN BRUNO, CA and HERNDON, VA – January 13, 2009 — Technical Communities, Inc, the company technical organizations who sell to the government rely on for proven go-to-market solutions to grow sales, lower costs and reduce risks, announced today the highest sales in the company’s 10-year history for the fiscal year ending December 31, 2008. They also achieved a record number of partnerships with 90+ technical companies. The company is owner and operator of industry leading online marketplaces that focus on the U.S. government agencies, military organizations and prime federal contractors, includingwww.gsamart.com, www.testmart.com, www.navicpmart.com and www.eurekaspot.com.
The privately held company said sales growth came from stronger test and measurement, information technology, security and power generation sales and increased marketing and consulting services revenue. Technical Communities, Inc. government-related sales record represents a 40% increase over the comparable 2007 period.
“We are very excited to announce these results for 2008, it was Technical Communities’ focus on our partners, expertise in effectively reaching government customers and successful management of multiple GSA Schedules that helped us achieve record sales and partnerships in a difficult economy,” said Peter Ostrow, Technical Communities, Inc. President and CEO. “Unlike many GSA services organizations, we expect another record year of success and growth in 2009,” said Ostrow.
Technical Communities, Inc. continues to add partners, product lines and services that solve problems and focuses on government customers. In additional to partnerships with 90+ technology companies, the company regularly sells to more than 1,200+ U.S. government, military and prime federal contractor buying organizations and has reach into the 1+ million prospects in its proprietary database.