TMCnet News
Purchasing Power® Captures Double-Digit Growth in 2018ATLANTA, March 19, 2019 /PRNewswire/ -- Purchasing Power®, the leading employee purchase program offering consumer products and services as a voluntary benefit through the convenience of payroll deduction, today reported vigorous revenue growth for 2018, a 12.4 percent increase over 2017. Furthermore, adjusted EBITDA in 2018 increased by 10.4 percent compared to the previous year's performance. "I'm incredibly proud of the double-digit revenue growth streak we've achieved, not only this year but over the last decade," said Richard Carrano, Purchasing Power CEO. "Very few companies recording close to a half billion dollars in annual sales can also point to an ever-increasing growth trajectory like ours. It confirms the fundamental value that the Purchasing Power platform offers our clients and customers, helping them to avoid more expensive and time-demanding credit options for products and services they need." Further 2018 highlights for Purchasing Power include the following:
"One of the key areas of focus for Purchasing Power last year was Quality Management—reexamining and refreshing all business practices, operations and techniques to perform at optimum levels," noted Wade Pierce, Purchasing Power CFO. "These annual results clearly proved the value of this widespread investment, and we continue to improve and streamline our company today. We are exceptionally proud of our 2018 achievements and look forward to continued growth in 2019." Headquartered in Atlanta, Purchasing Power is one of the fastest-growing voluntary benefit providers in the industry, offering financial flexibility options to cash-strapped U.S. workers. Accessed through employers or government/trade organizations, the employee purchase program gives workers the opportunity to purchase brand-name consumer products/services through payroll deduction, when they are unable or prefer not to use cash or credit. Participants make manageable, fixed payments over a 6- or 12-month term, with no ballooning interest, hidden fees, or late fees – it is a transparent payment plan for the customer. In addition to the purchase program, Purchasing Power also offers customers access to free financial wellness tools and resources that help them take control of their total financial picture. Purchasing Power, LLC is a Flexpoint Ford, LLC company. For more information, visit www.corp.PurchasingPower.com. Purchasing Power is a registered trademark of Purchasing Power, LLC. Media Contact: Juliann Kaiser, 770.643.0615 View original content to download multimedia:http://www.prnewswire.com/news-releases/purchasing-power-captures-double-digit-growth-in-2018-300814613.html SOURCE Purchasing Power, LLC |