November 15, 2006 (Huntsville, AL) – dealnews.com, one of the web's fastest-growing media companies, today appointed technology industry veteran Jeff Morgan, the founder and former CEO of NetMechanic, as its Chief Operating Officer, a newly created position.
dealnews.com, Inc. operates a network of six web sites that guide readers to the Internet's best deals on consumer electronics, computers, gadgets, men's apparel, and more. Its flagship site, dealnews.com (www.dealnews.com), named "one of the best services of 2006" by PC World, directs readers to 100 of the top deals, coupons, and sales every day.
Morgan's appointment comes at a time of rapid growth for the company. According to co-founder and CEO Daniel de Grandpre, the company's revenues increased 60% in 2006, while profits grew by 130%. Reaching a highly-coveted audience – 90% of its readers are 18 to 35 year old males earning more than $50,000 per year – dealnews.com now receives a monthly average of 1.2 million unique visitors and delivers 20 million page views.
Morgan brings to dealnews.com a proven track record of building a successful online brand and platform company. He founded NetMechanic, a supplier of testing services used to improve and monitor Web sites, in 1999. Through a series of strategic partnerships and product innovations, Morgan helped the company grow from $1500 in revenue to more than $1.2 million in less than three years. In 2002, Morgan sold NetMechanic to Keynote Systems, Inc. As Director of NetMechanic and Senior Product Manager at Keynote, Morgan oversaw the integration of NetMechanic and other companies.
"Jeff is a seasoned executive and entrepreneur who knows what it takes to become a market leader," said de Grandpre said. "We are excited to be working with someone of Jeff's caliber who has the vision and experience to help us take dealnews.com to the next level."
In his new position, Morgan will spearhead dealnews.com's business development initiatives and lead the integration of the company's software development, sales and marketing, and operations teams.
"dealnews.com has an excellent technology base that makes it an attractive and valuable partner for companies looking to expand in the online shopping space," said Morgan. "This is the start of an exciting new chapter for the company and I'm looking forward to working with the dealnews team as the company continues to grow."
About dealnews.com, Inc.
dealnews.com, Inc. operates a network of six web sites that guide consumers to the best deals on consumer electronics, computers, men's apparel, and more. Its flagship site, dealnews.com, was named "one of the best products of 2006" by PC World. Relying on its team of expert editors, reader intelligence, and proprietary research tools, dealnews.com showcases up to 100 of the top deals, coupons, and sales every day. Founded in 1997, dealnews is headquartered in Huntsville, Alabama with editorial offices in New York City.