Innotrac Corp. has reported revenues of $32 million for the third quarter that ended Sept. 30, compared to $29.1 million for the same quarter of 2007, reflecting a 10% increase in revenues.
The Atlanta-based fulfillment and telemarketing services firm attributed its revenue increase to the addition of new clients and increased revenues from existing e-commerce, Internet service providers and other direct marketing clients. Innotrac operates eight fulfillment centers and two telemarketing centers located in seven cities.
Although overall revenues increased from consumer marketing clients, Innotrac reported revenues from the business-to-business telecom sector decreased in the third quarter of this year, but not enough to prevent an overall increase in revenues.
The company included in its third quarter financial results approximately $292,000 in expenses related to its pending merger with GSI Commerce Inc. and Bulldog Acquisition Corp., a subsidiary of GSI.
The merger is expected to be completed in the first half of 2009, with Innotrac becoming a subsidiary of GSI.
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