Newsroom Solutions, LLC announced today year-over-year sales continue to grow at double-digit rates. Based on a previous-year comparison of the same 11-month period, 2007 marks the sixth-straight year the Company has experienced such growth. Revenue is up in all of its product lines, including services.
"Nearly ten years after we created the marketplace for full-service local tickers, the market continues to expand as a high-growth business for us," said Drew Hahn, Newsroom's Vice President for Research and Development. "If you track our sustained rise over that period, you'll see that we not only continually evolved and improved our core product, but we innovated vertically to solve challenges of local broadcasters."
In addition to the primary NewsTicker product, Newsroom's portfolio includes school closing, election reporting, and severe weather notification software. The Company manufactures its own line of character generators under the Freedom badge in native digital SD and HD. Its own newsroom offers short-form content exclusively for tickers, as well as long-form content as a full service wire replacement.
"Our clients are savvy and have seen other vendor's products become either commoditized or loss-leaders, neither of which serves the interests of local news," said Rick Summers, Newsroom's Vice President for Sales and Marketing. "We've experienced accelerated growth and our best year at a time when our three top-selling software lines are being offered for free by other vendors. That is a major testament to our products and services and has resulted in dominant market share with more than 200 licensed clients. "
Newsroom maintains a nine-year, 99% client-retention rate -- among the best in the industry.
