RockBottomGolf.com Named to Entrepreneur Magazine’s Hot 500 List
ROCHESTER, N.Y.--(BUSINESS WIRE)--RockBottomGolf.com, a top internet golf retailer, announced today that the company has been named by Entrepreneur Magazine as one of America’s fastest growing companies in their annual “Hot 500” list published in their August 2007 issue. RockBottomGolf.com ranked 159th out of 500 and had a 586% growth over four years between 2002 and 2006.
Since its founding by three high school friends in 2000, RockBottomGolf.com has grown to more than $21.4 million in revenue by 2006. RockBottomGolf.com is one of the largest Internet golf sites in the world specializing in closeout golf merchandise. RockBottomGolf.com offers a wide variety of name brand golf merchandise including Callaway, Mizuno, Adams, Wilson, Taylor Made, Nike, Tommy Armour, Ogio and more. RockBottomGolf.com supports the needs for golfers around the world. With its strategic carrier agreements, RockBottomGolf.com is able to serve more than 30 countries in the world in 3 days or less allowing everyone to enjoy RockBottomGolf.com deals as well as Rock Bottom shipping rates. In 2006, RockBottomGolf.com saw record sales and launched their multi-channel online strategy across Shopping.com, Google, Amazon.com, Yahoo!, Overstock.com, BizRate, PriceGrabber.com and many others. RockBottomGolf.com has over a 99.8% customer approval rating between all the marketplaces they sell on and market in.
“We’re excited to be recognized by such a prestigious magazine and named to Entrepreneur Magazine’s 500 list,” says Todd Rath, Chief Operating and Marketing Officer of RockBottomGolf.com. “Our team’s dedication, hard work and commitment have enabled us to grow our business at a rapid pace and become one of the top golf sites worldwide.”
According to Entrepreneur, the Hot 500 rankings are compiled with the help of Corporate Research Board, a research organization. Entrepreneur and CRB started with CRB's database of more than 19 million U.S. businesses and considered only those businesses that met the following criteria:
* Must have been founded no earlier than 1998 and no later than 2002
* Company sales in 2002 must be $100,000 or greater; 2006 sales must not exceed $1 billion
* Must have positive job growth between 2002 and 2006
* Must have a minimum level of sales growth or a sales growth quantifier of 1 or higher between 2002 and 2006; the growth quantifier is a measurement that combines percentage and absolute growth.
Only 95,000 businesses -- or 0.5 percent of the 19 million businesses -- met the above criteria. Entrepreneur then contacted the businesses with the greatest growth to confirm eligibility. To be eligible, the founder must be actively involved in the company, the company cannot be a spinoff or a division of a larger company, and company sales for 2006 must be at least $1 million. From this list, the Hot 500 was selected.
The Hot 500 list can be found on the Entrepreneur Website at http://www.entrepreneur.com/magazine/hot500/index.html.
About Rock Bottom Golf
RockBottomGolf.com, a top Internet golf retailer prides itself on bringing rock bottom prices to all its customers known as ‘Rock Heads’. Founded in 2000, by Todd Rath, Tom Rath and Shannon Smith, the RockBottomGolf.com team utilizes their education and past work experience in technology, engineering, and finance to make their systems and processes as efficient as possible. Quality products, fast and stellar service is what makes RockBottomGolf.com what it is today, one of the largest Internet golf sites in the world specializing in closeout golf merchandise. Their products can be found at www.rockbottomgolf.com and www.rockbottomgolfballs.com. RockBottomGolf.com is headquartered in Rochester, NY with their distribution center located in Suffolk, VA.