With an $8.5 million injection of capital, Sell My Timeshare NOW launches a new growth and expansion plan designed to better serve the timeshare resale needs of both consumers and the timeshare development industry. After extensive diligence, Edison Venture Fund has become Sell My Timeshare NOW's sole institutional investor, continuing Edison's investment commitment to high-growth, entrepreneurial, technology companies.
Sell My Timeshare NOW and its family of Web sites provides advertising tools and marketing services to assist owners with timeshare resale and rental options. In addition to its by-owner advertising platform, the company also offers success-based services through its brokerage arm, Timeshare Broker Services.
The company has experienced dramatic growth in 2008 with more than 23 million visitors and more than $1 million in daily offers to buy or rent timeshares, landing it as one of the fastest growing privately-held companies according to Inc.com. Despite the economic downturn, Sell My Timeshare NOW has experienced a 90 percent increase in offers to rent or buy timeshare advertised through its Web site and a 74 percent increase in the dollar amount of those offers over 2007.
Jason Tremblay and co-founders Mark Eldridge and Cindy Gonzalez started Sell My Timeshare NOW in 2003 as a home-based business with three employees. Through cutting-edge Internet search technologies and a focus on customer service, the company has grown to more than 150 employees with offices in Dover, Orlando and Tampa, FL.
Tremblay, the CEO and founder, says, Sell My Timeshare NOW is well on its way to become the de-facto destination for the vacation ownership secondary market. With Edison as our investment partner, we can expand our innovative, business-to-business solutions in ways that will provide proactive, developer-friendly solutions.
Michael Kopelman, principal at Edison Venture Fund, adds, The company's search engine leadership drives massive exposure to sellers. Buyers now have the ability to purchase timeshare intervals online at attractive discounts to retail prices.
The company's Web site is SellMyTimeshareNOW.com.
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