USA: ecFood reaches $100 Million in online transactions In Q2
ecFood, a pioneer in strategic sourcing solutions for the food and beverage industry, announced today that it completed $100 million in online transactions in the second quarter of 2001. This mid-year milestone translates into a 65 percent revenue increase from the first quarter of 2001 and conforms to the company's pattern of measured and steady revenue growth since its founding in 1998. This recent increase in revenue was boosted by the addition of several major customers, which accounted for 46 percent of the company's transaction revenue during the second quarter, and by the company's team-purchasing program.
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