Forbes Magazine Ranks CardCash.com as One of America’s Top 100 Most Promising Companies
CardCash.com and it’s CEO and co-founder, Elliot Bohm, were both listed on Forbes most promising lists for companies and CEOs under 35 respectively.
CardCash put out a press release celebrating the recognition.
CardCash.com, the leading online discounted gift card exchange, is pleased to announce they have been ranked at No. 85 on Forbes annual ranking ofAmerica’s Most Promising Companies — a list of 100 privately held, high-growth companies with bright futures.
“It is both humbling and a great honor to be named by Forbes on this prestigious list”, says CardCash CEO and co-founder Elliot Bohm. Bohm was also named by Forbes as one of America’s most promising CEOs under the age of 35– a list comprised of just 22 individuals.
Annual gift card sales exceed $100 billion annually in the US; roughly 10% go unspent. Since its inception in 2006, CardCash has been helping consumers by providing a secondary market for these cards.
“In this challenging economy our service is a win-win situation”, says COO and co-founder Marc Ackerman. “Recipients of unwanted gift cards get cash to use to pay their rent or mortgage, or to buy basic necessities. At the same time consumers save on average 10-15% off their favorite merchants by purchasing these gift cards at a discount and then using them for their shopping needs.”
CardCash has been profitable since its inception and has been growing by close to 300% annually. The company is now in the process of procuring venture funding as it develops new and exciting initiatives to further expand into the financial services space, and integrate its service into banking and payment solutions. CardCash recently brought two senior banking advisers on board; Jeffrey Keil, former President of Republic New York Corporation and Chairman of its Finance Committee, and Carol Realini former CEO of Obopay, a mobile banking pioneer and expert. The two are working closely with CardCash, lending their expertise and advice on CardCash’s developmental initiatives including integration into banking and payment systems.