Purchasing Power Earns $1 Billionth Dollar in Revenue

ATLANTA, Aug. 20, 2013 /PRNewswire/ -- Atlanta-based Purchasing Power, an industry-leading benefit provider and specialty e-retailer, has earned its $1 billionth dollar in revenue. The company first pioneered the concept of an employee purchase program in 2001 and offers name-brand computers, electronics, home appliances, furniture and online education services through employee payroll deduction.  

"Purchasing Power has established itself as a leader through strategic innovation and dedication to excellence," said Richard Carrano, President and CEO of Purchasing Power. "We want to thank our dedicated employees and partners, as well as our loyal customers and clients for propelling us to the success we have achieved today."

According to Carrano, the revenue growth reflects Purchasing Power's continued focus on service and meeting customer needs by providing a voluntary benefit solution that improves financial wellness for customers. Additionally, Purchasing Power has evolved its program to provide services such as online education and financial literacy content to help customers decrease financial stress.

"We have been making a difference in our customers' lives by helping them make responsible purchases," said Carrano. "Now, we want to take it a step further and provide resources to help them budget, reduce debt and save for the future."

In celebration of its revenue milestone, Purchasing Power is strengthening its partnership with Junior Achievement (JA) of Georgia, a non-profit youth organization that provides students with the financial literacy skills needed to succeed in a global economy. Purchasing Power will be a JA BizTown^® sponsor, a part of the new Junior Achievement Chick-fil-A Foundation Discovery Center in metro Atlanta, which will help to educate thousands of middle school students on financial wellness. Additionally, Purchasing Power will continue to partner with clients to support multiple charitable initiatives across the country.

About Purchasing Power
Headquartered in Atlanta, Purchasing Power is available to six million people through large companies – including Fortune 100s – and government agencies. Purchasing Power is one of the fastest-growing specialty e-retailers in the market offering a leading voluntary benefit program. Honored for "World Class Service" by Smart Business, Purchasing Power was also recognized as one of the fastest-growing companies, ranking as one of "Atlanta's Best and Brightest Companies to Work For" earlier this year. Purchasing Power is 'Powering People to a Better Life™' through its employee purchase program, financial literacy efforts and charitable contributions. Purchasing Power is a Rockbridge Growth Equity, LLC Company. For more information, visit www.PurchasingPower.com.

SOURCE Purchasing Power