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BuyerZone Wins Stevie Award in 3rd Annual American Business Awards Ceremony
Company Growth Recognized with Top Award for Turnaround Success
WATERTOWN, Mass. – (May 17, 2005) – BuyerZone, the leading online marketplace for business purchasing, announced today that President and CEO Sam Zales has won the Stevie Award for "Best Turnaround Executive" at the 2005 American Business Awards ceremony held in New York City.
Hailed as "the business world's own Oscars" by the New York Post (April 27, 2005), the American Business Awards are the first national, all-encompassing business awards program honoring great performances in the workplace.
BuyerZone's performance was singled out because the company has successfully emerged from the burst of the "dot-com bubble" to achieve sustained, rapid revenue growth and three consecutive years of profitability - and to facilitate more than $2 billion in business purchasing transactions since 2003. In winning the Stevie Award, BuyerZone's Zales was selected from a group of finalists that included chief executives from Sprint, Travelocity, FrontRange Solutions, ADC Telecommunications, Symbol Technologies, and The AllState Corporation, among others.
"This award is a validation of the world class team at BuyerZone and of the value that our service provides to both buyers and sellers of business products and services," said Sam Zales, President and CEO of BuyerZone. "I am honored to receive this award, but it is truly recognition for the entire BuyerZone team and our commitment to making the process of buying and selling more efficient for businesses of all sizes."
About BuyerZone
Since 1992, BuyerZone has helped millions of businesses save time and money on their most essential business purchases. With more than $2 billion in business purchasing transactions facilitated through BuyerZone since 2003, BuyerZone's service attracts active buyers seeking purchasing guidance across more than 100 business product and service categories. BuyerZone's free Request for Quotes service uses a dynamic matching process to connect each buyer with the most appropriate providers within a comprehensive network of over 2,500 top local and national suppliers.
BuyerZone has been named to Deloitte's "Technology Fast 50" program for New England for three consecutive years. BuyerZone is a profitable, privately held, venture-backed company whose investors include Bessemer Venture Partners, Commonwealth Capital Ventures, Flagship Ventures, BancBoston Ventures, and Women's Capital Growth Fund. Supplier Partners include First Data Corporation, Intuit, Lanier, Mitsubishi, Nortel, Pitney Bowes, Sharp and Toshiba.
For more information, please visit BuyerZone's web site at http://www.buyerzone.com.
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Press Contacts:
Scott Healy
BuyerZone
617-715-1674
pr@buyerzone.com
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