News by SB Informer

DollarDays Named an Arizona Business to Watch

Arizona Small Business Association names DollarDays.com one-of-50 second-stage companies driving the Arizona economy.

SB Informer
Monday, June 5, 2006; 07:53 AM

PHOENIX - DollarDays International, a premier Internet-based product wholesaler to small businesses and local distributors was named one-of-50 second-stage Arizona companies to watch by the Arizona Small Business Association (ASBA) and the Edward Lowe Foundation, a not-for-profit operating foundation whose mission is to "champion the entrepreneurial spirit." An award was presented to DollarDays CEO Marc Joseph at a gala at the Arizona Biltmore Hotel. This is the first time the ASBA has presented "Company to Watch" awards.

"It's an honor and achievement to be named a 'Company to Watch,'" said Joseph. "DollarDays is growing rapidly and although our customers are world-wide, we're helping to grow the Arizona economy and we're proud of that. We expect continued growth at a record pace."

"I am pleased and proud to congratulate this inaugural group of 50 'Companies to Watch' in Arizona for 2006. These vital businesses are growing second-stage companies, and are key components of the engine that drives our economy forward. They create new, sustainable jobs each year, and they are innovators that are willing to take significant, but calculated, risks to produce new products and services," said Arizona Governor Janet Napolitano.

The defining characteristics of second-stage enterprises for the Arizona Companies to Watch program are: annual revenue or working capital of between $1 million and $100 million, 10 to 100 employees, and the "intent and capacity to grow." Second-stage companies are past the start-up phase; are generally concerned with issues of growth, not survival and have not yet become large corporations. Such enterprises are important economically because they create a substantial portion of the net new jobs each year.

More than 280 companies were nominated or applied for the award. Of those companies 108 were selected by the Edward Lowe Foundation and ASBA for the next round of judging. In early April, 12 appointed judges selected the final fifty.

DollarDays International is a Web-based virtual warehouse, where small business owners can find great deals on small business-sized orders for more than 30,000 consumer products, from toys and household decor to apparel, electronics and seasonal merchandise. Due to its innovative business model, DollarDays prices are not only often far below those which most small business are accustomed to, but the offerings include many name-brand products as well as rock-bottom pricing on overstocked and closeout items. DollarDays International helps its customers to select those items, both seasonal and everyday, which sell quickly to promote both a higher inventory turn and better margins. DollarDays' prices are among the lowest available to small businesses. Membership is free and any small business is eligible to shop at www.dollardays.com.

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