| Business Summary | | Promotions.com,
Inc.
serves
as
a
strategic
partner
for
marketers
and
their
agencies,
creating
Internet-based
promotions
and
integrating
them
with
offline
marketing
initiatives.
The
Company
combines
traditional
marketing
strategies
with
advanced
Internet
technology
and
infrastructure
to
help
marketers
and
agencies
worldwide
increase
brand
awareness,
stimulate
sales
and
build
relationships
with
customers.
Its
patent-pending
iDIALOG
technology
is
the
platform
for
most
of
the
Company's
solutions
and
enables
its
customers
to
use
pre-selected
criteria
to
deliver
targeted
offers
to
consumers
during
a
promotion.
During
the
year
ended
December
31,
2000,
the
Company
served
promotions
and
offers
for
more
than
420
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Promotions.com
is
an
online
sweepstakes
promotion
company
which
integrates
sweepstakes,
contests
and
similar
promotional
events
with
direct
marketing
tools
and
a
proprietary
membership
database
of
more
than
1.6
million
consumers.
For
the
six
months
ended
6/30/01,
revenues
fell
44%
to
$8.4
million.
Net
loss
declined
36%
to
$7.6
million.
Revenues
reflect
contract
cancellations
and
pricing
pressure
on
internet
advertising.
Lower
loss
reflects
reduced
sales
and
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven Krein, 31 Chairman
and CEO | $175K | Daniel Feldman, 31 Pres | 150K | Lawrence Quartaro, 31 CFO | -- | Kenneth Grosso, 33 Pres,
Webstakes.com | 261K | Christopher Bragas, 41 Exec.
VP | 150K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|