Company continues streak; sets new highs for profit, revenue and home submissions.
MARIETTA, GA (July 6, 2005) — House Buyer Network, America’s fastest-growing home buying service, today announced its fourth straight month of record-setting performance. June set new all-time highs for profit, revenue and home submissions.
Most notable was profit, which surged another 50% after already having doubled in May. Revenue increased by almost 10% over May — its fourth straight month of significant growth — and home submissions were up almost 10% as well.
“We developed this business to be extremely scalable, with solid recurring revenue,” said Duane LeGate, President of House Buyer Network. “It’s great to see that model prove itself now out as every single metric continues to move in the right direction with no foreseeable near-term slowdown.”
“We’re really seeing the effects of the momentum we’ve gained over the past few months,” added House Buyer Network Vice President, Shane Pike. “Consumers continue to hit the site in record numbers every month because we’re delivering solid solutions for their property disposal needs.”
Second Quarter Results
With three straight record months, Q2 2005 was also a record quarter for the company. Revenue almost doubled, and home submissions were up more than 50%.
The recent trends should continue into Q3, with revenue and home submissions growing by roughly 10% each month and profit increasing by 20-25%.
About House Buyer Network
House Buyer Network (housebuyernetwork.com) is America’s fastest-growing home buying service. Since 2002, the company’s nationwide network of professional home buyers has helped more than 45,000 families and individuals who needed to sell a property fast — processing more than $7.5 billion in property during that time.
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