Newgen Results Recognized as Emerging Industry Leader
27 April 2000
Newgen Results Corporation Recognized as Emerging Industry Leader in San Diego; Newgen is Named to the '50 to Watch' List by dbusiness.com
SAN DIEGO--April 26, 2000--Newgen Results Corporation,(Nasdaq:NWGN) a leading provider of Customer Relationship Management (CRM) and e-CRM services to automotive dealerships, has been named to dbusiness.com's "50 to Watch" list for the second quarter of 2000. The "50 to Watch" list was initiated to call attention to innovative, emerging private and public small- to medium-cap companies in 18 U.S. cities."The '50 to Watch' list is comprised of dynamic companies that have positioned themselves for tremendous growth over the next three months in their markets," said Tom Maffettone, chief executive officer of dbusiness.com.
"These companies are industry leaders that are poised on the edge of change and have positioned themselves for tremendous growth," added Kurt Greenbaum, executive editor of dbusiness.com.
Newgen posted a 60 percent annual rate of growth in revenues over the last three years, compared to database revenues that increased by more than 80 percent within the last year, a result the company attributes to its pioneering efforts in helping the automotive industry embrace the total ownership experience via its Customer Relationship Management (CRM, e-CRM) systems.
In addition, Newgen announced in January 2000 the expansion of its e-CRM presence by launching a wholly-owned subsidiary of the company, Carabunga.com, intended to be the first one-to-one automotive dealer marketing portal. Using Newgen's extensive database, a dealer will go to Carabunga.com to generate a prospect list, design a one-to-one marketing campaign, fulfill the promotion, and receive follow-up teleservice, all with the click of a mouse.
About Newgen Results Corporation