DENVER, July 24 /PRNewswire/ -- eBags.com announced its fourth straight
positive cash flow quarter and its first ever positive cash flow fiscal year.
The company also disclosed record annual orders, up 52% versus the prior year.
Fourth quarter orders increased 67% versus the prior year. Luggage, business
cases, backpacks, and urban gear experienced the largest sales gains.
Jon Nordmark, CEO of eBags.com, commented "the entire eBags team is proud
to be one of the few online retailers to achieve sustained profitability." He
continued, "it's rewarding to see consumers reacting so positively to our
efforts to make eBags the ultimate shopping experience -- whether it is
through our web site or through our recently launched catalogs."
Peter Cobb, Vice President of Marketing and Merchandising, added "the
addition of consumer-preferred brands such as Kate Spade, Nike, Timberland,
and Swiss Army Brands have given our customers even more reasons to shop at
eBags.com is the world's leading online provider of bags and accessories
for all lifestyles. With over 200 brands and 10,000 products, eBags.com has
sold over 2.1 million bags since launching March 1999. From luggage to
backpacks, handbags to business cases, eBags.com offers well-known brands
including Samsonite, JanSport, Kate Spade, Nike, and Swiss Army Brands.
eBags.com was named "Website of the Year" by Catalog Age Magazine two years in
a row and "Email Marketer of the Year" by ClickZ/MessageMedia. eBags.com is
funded by Benchmark Capital, Technology Crossover Ventures, and Amerindo.
Additional information can be found at www.ebags.com .