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Lee Culberson, acting President of BizSummits said, "We are particularly pleased about our growth in the Small and Middlemarket Business (SMB) space since this is the segment many analysts feel has the most growth potential." BizSummits' unique marketing technologies allow it to dominate the SMB segment, easily outpacing competitors in growth while enjoying substantially lower costs due to the efficiency of its unique marketing technologies. "Boosted by this strong quarterly performance, full-year revenue finished ahead of our expectations," added Culberson. BizSummits provides best practices education, research, events and tools focused on management execution and strategy. Some of its groups include the CFO Summit, CIO Summit, HR Summit, Training Summit and over a dozen more functional areas. Membership retention performance for the 4th Quarter was also strong. "BizSummits is clearly becoming the preferred choice for corporate executives. We have made significant inroads and captured one of the largest growing, most engaged audiences as compared to all other executive membership driven entities in the small and middle market," said Floyd Hoffman, Director of Corporate Development. The quality of the speakers sharing best practices was also measurably above any other executive organization, just a few examples in the 4th Quarter included: - AutoZone, Director of Content, "Creating the WOW Customer Experience". - Bristol Myers Scribb, VP Corp.Dev., "Creating Value through Corporate Development". - Cisco, VP Law & Deputy General Counsel, "Benchmarking Your In-House Legal Team". - CompuWare, VP Business Transformation, "Best Practices From The War for Talent". - US Department of Energy, Chief Acquisition Officer, "Key Issues in the Acq. Workforce". - General Electric, Sr.V.P. Secretary and General Counsel, "The Future of IP". - Harrah's, VP Total Rewards, "Analytically Based CRM". - Hilton Hotels, V.P. Corporate Communications, "Best Practices in Crisis Management". - Intel, IT Principal Engineer, "Virtualization Delivers Data Center Efficiency". - Intuit, VP Web Mktg & Commerce, "Eight Ways that the Web Changes Everything in Mktg". - Microsoft, GM Venture Integration, "Lessons Learned from Acquisitions". - Microsoft, Dir. Fin. Compliance, "SOX Compliance under the new PCAOB/SEC Standards". - Nokia, EVP HR, "Talent Management in Nokia". - Oracle, Learning Management Strategist, "Understanding Innovation and Performance". - Reebok, VP Sports Mktg & Entertainment, "Building a Culture of Mktg Performance". - Siemens, Director Global PR, "Leveraging PR to Raise Market and Brand Awareness". - Roadway, CFO, "Leveraging Your Supply Chain to Optimize Financial Performance". - Salesforce.com, Dir. Tools & Process, "Large Scale Agile Transformation". - Stanley-Bostitch, Dir. Global Supply Management, "Supply Management Best Practice". - The Allied Group, VP Sales and Marketing, "20 Point Checkup to Prepare for 2008". - Thomson, SVP Finance, "Transforming a Finance Organization to Support Growth". - Yellow Freight (YRC), VP Strategic Planning, "Strategic Thinking for Operations Execs". BizSummits is wholly owned by VC South (www.VCSouth.com), which has a proven track record of starting profitable B2B business models with technological advantages in high growth sectors and then successfully exiting to an established operator in that sector that can leverage those scalable advantages across the acquirer's organization for maximum shareholder profitability.
ATLANTA--(BUSINESS WIRE)--BizSummits LLC today announced financial results for the fourth quarter ending December 31, 2007. Revenues for the fourth quarter 2007 increased 62 percent from the fourth quarter of 2006. New member companies added in the 4th Quarter also jumped by 121% percent to 230. These gains allowed BizSummits to easily outpace the growth of other competitors such as The Corporate Executive Board Company (NASDAQ: EXBD - News), Vistage and other executive groups.
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