Wilkes-Barre, PA – theferretstore.com, a business unit of NEEPS Incorporated announced today that for fiscal year 2000 the company has turned a profit for the first time since the dot-com’s inception in 1995. In addition, the company saw sales increase 75% from the previous year.
“We are very pleased with our year end results, especially since the majority of dot-com’s out there today are not operating on the plus side” said Scott Sanfilippo, Vice President. “It took us five years to reach profitability and we have a great team in place to make sure we continue on that road.”
A survey conducted by webmergers.com estimated that at least 210 Internet companies closed down during 2000, taking with them nearly $1.5 billion in investment money. Theferretstore.com has succeeded in becoming a profitable dot-com with over $2 million in annual sales without the help of private investors.
Theferretstore.com features over 1,800 ferret products in addition to small animal, cat and dog supplies. The company also produces a full-color catalog which is direct mailed four times a year.