Graphic Arts Supplies.com Attains Profitability, Seeks Major Distribution Partner
Press release from the issuing company
6/21/01 (WhatTheyThink.com) In a move highly regarded in the business community, Graphic Arts Supplies.com has streamlined operations to achieve profitability a little after one year in operation. Sources say the company is seeking viable partnership opportunities among several major industry dealers and distributors with multiple locations and a current investment in distribution infrastructure.
Graphic Arts Supplies.com is a Business-to-Business company that helps companies manage their supply chains as well as collaborate with suppliers. The company began as a stocking dealer, managing its own fulfillment from orders received over the Internet, via catalogs, phone and fax orders. The company website www.graphicartssupplies.com has been touted this spring as a winning Internet solution in all manner of editorials and articles from Graphic Arts Monthly to Graphic Design:USA.
In a recent move, Graphic Arts Supplies.com has successfully become the industry‚s first company to privatize their online store to other major content providers to complete the revenue circle. Offering thousands of products to printers, print buyers, creatives and graphics professionals, Graphic Arts Supplies.com has effectively entered the coveted SOHO (small office/home office) market with the creativeproShop, located at www.graphicartssupplies.com/creativepro . Two additional stores are now in the works with major industry content providers.
Gary Fisher, president told WhatTheyThink.com, "In order to provide top-notch service and distribution, we are in search of a key partner within the industry. Our technology can be modified quickly to provide a turn-key solution for any major player set on reaching new markets and increasing their depth in existing markets. The combined strengths will benefit from expanded product lines and increased purchasing power, while substantially improving overall customer service. Achieving a break-even status was imperative, since few companies are willing to partner with or acquire any debt. We will be an asset to any company's portfolio and are fully capable of sustaining current operations."
Fisher said Graphic Arts Supplies.com currently has over 1000 active customers, and adds about 150 new customers per month. The company is projecting an additional 17% growth rate for the month of June. This is due largely in part to the recently launched, wholly owned subsidiary Graphic Arts Zone, Inc. Graphic Arts Zone is a master distributor for industry specific software, primarily in prepress. Markzware Software was the first software company to sign on, and currently twenty-two others are following suit.
David Harlan, vice-president said carrying multiple lines of prepress software and all types of Xtensions and Plug-ins direct from the manufacturers gives graphics professionals a great opportunity to locate must-have software at one convenient source. "The manufacturers benefit through the increased exposure, which is why so many have contacted us in the past three months. Additionally, this growth market has a tremendous up-side and has been largely ignored by traditional graphic arts dealers." In fact, Graphic Arts Supplies.com, a reseller who also purchases from the distributor Graphic Arts Zone, will soon implement electronic downloading and reselling of software directly from their Internet sites, much like Digital River DRIV but from a single location.
Fisher and Harlan said any terms of any proposed offerings will not be disclosed, as well as any possible changes in the names of the companies (Graphic Arts Supplies.com and Graphic Arts Zone, Inc.). However, they did confirm that they are exploring ways to expand their business.
Privately owned and operated, Graphic Arts Supplies.com is situated to achieve the next level of growth and customer satisfaction. For more information, please contact Gary Fisher at 1-800-315-2321.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.