Httprint declares enormous growth in revenues

Httprints sales for the first two months of 2001 were more than seven times greater than for all of last year

Httprints sales for the first two months of 2001 were more than seven times greater than for all of last year.


The firm announced revenues of 22m ($33m) for January and February. Its sales from its March start-up to December 2000 were 3m.


We took orders for 2001 from August onwards, ready for delivery in 2001. Several are four- to five-year contracts. This company will turn cashflow positive in June, our funding is all wrapped up and will pro-bably be oversubscribed, declared bullish chief executive Mark Porter.


You can easily see the difference between us and some of our competitors, Porter added. There is a tendency to lump everyone together under one dotcom bubble. But we have robust sales and sales growth, and its because of our full service approach.


Sales were split 50:50 between the US and Europe. Among new clients are two global creditcard businesses, a major Euro-pean motor manufacturer, a leading direct marketing agency and the Girl Guides Association, which spends 2m a year on print.


Marketing director Tim Smith said httprint would buy upwards of 20m of print in the UK and Germany this year.


Httprint is also adding a colour management module to its services, which it believes has the potential to eliminate press checks. European managing director Barry Hibbert said it was also looking at bringing out a service for the fragmented insert printing sector.


News of an acquisition is also expected within the month.


Story by Jo Francis