Crimson's 176% Revenue Growth Surge Proves New Internet Consulting Model

Market Wire, 20050229

In an era when yesterday's technology fast becomes tomorrow's old news and top technology companies are scrambling to recruit and retain the best and the brightest, Crimson Consulting Group has carved out a market niche by addressing the needs of Internet and e-commerce clientele with its vast pool of cutting-edge consulting talent.

Crimson has reported a 176% surge in revenue for 1999, with $18 million projected for 2000. This revenue growth comes from an impressive resume of clients including Wall Street giants AOL, Cisco, HP, IBM, Lucent, Microsoft and Sun, as well as a multitude of smaller and emerging companies. Among Crimson's newest clients are Sony Home Networking, Excite@Home and a web-focused division of Intel.

Whether in need of strategic or implementation-level consulting, Crimson's pool of more than 1,000 experts assist the Internet and e-commerce industries with a variety of services. These include e-commerce market strategies, Internet product management and marketing, web-based market strategies, and the launching and management of e-commerce sites.

Expected to add even more momentum to Crimson's acceleration is the recent appointment of new board member Carlton H. Baab, currently C.F.O. and C.O.O. of RemarQ Communities, an Internet start-up in San Jose. Carlton previously served as C.F.O. and V. P. of Finance and Administration at CKS Group, an Internet and marketing communications company where revenues grew from $12 million to $186 million during the five years he was with the San Jose-based company.

"We have created an entirely new way of consulting in the Internet world," said Glenn Gow, company president. "Our clients demand that we move with lightening speed, and we're up to the task. Where our largest competitors will take weeks or months to simply assemble a team, we will have already completed the assignment."

"We can do this because our consultants have direct operational experience in the e-commerce and Internet marketing space," Gow added. "Our teams often have more subject matter experience than our clients and are asked to develop a strategy and immediately move into implementation. Because of our diverse base of consultants, our business model successfully supports these opportunities."

"What's more," Gow continued, "the growing number of talented and seasoned professionals choosing to work independently - affording them flexibility of work load and schedule for family or other pursuits - is phenomenal. We simply identified this change early on and expanded upon this 'win-win' situation for both our clients and consultants."

"This new breed of Internet and e-commerce business structure should come as no surprise," Gow added. "The quest for improved efficiency and productivity is no passing trend; it is certainly here to stay."

For further information on Crimson's marketing solutions, visit the company web site at (www.crimson-consulting.com), or contact the company at info@crimson-consulting.com or (650) 960-3600 x113.