January 15, 2004      Close window      Emoonlighter Announces Continued Growth Growth Seen in Key Areas for Fourth Quarter 2003 and Fiscal Year 2003 Pittsburgh, PA - January 15, 2004 - Emoonlighter, the world's largest online marketplace for freelance talent, announced growth in two key metrics for the fourth quarter of 2003 compared to the fourth quarter of 2002. Emoonlighter saw the total number of projects posted on its four specialized sites grow 74 percent, while revenue increased 105 percent. In addition, the company realized a 157 percent increase in the number of projects posted and a 144 percent increase in revenue for fiscal year 2003 over fiscal year 2002. "The acquisition of Guru.com assets contributed to our strong performance in the second half of 2003," said Inder Guglani, Emoonlighter's CEO and Co-Founder. "We expect further positive results from the combination of moonlighter sites under the Guru.com banner. With good momentum, upcoming effective marketing programs, and against a much improved economic backdrop, we are very optimistic about our performance in 2004." In addition to the acquisition of Guru.com assets, new features, benefiting both employers and freelancers within the marketplace, contributed to Emoonlighter's growth during 2003. These new features included: facilitating global outsourcing through the use of direct wire transfers to freelancers in India, implementing payment via direct deposit and PayPal® for freelancers, implementing project and private discussion boards for both employers and freelancers, enabling employers/subscribing freelancers to upload documents and graphics with their project postings/proposals, and allowing employers to post private, invitation only projects. To maintain its growth in 2004, the Emoonlighter marketplace will continue to evolve to meet the demands of its user base. This evolution includes: facilitating global outsourcing through the use of direct wire transfers to international freelancers outside of India, consolidating Emoonlighter's four specialized sites into one site with streamlined navigation, and changing the name of the marketplace to Guru.com. About Emoonlighter: Emoonlighter is the world's largest online marketplace for freelance talent. Created in August of 2000, Emoonlighter's web-based marketplace directly connects businesses with talented freelancers who specialize in four professional categories: IT work, creative design work, office administration work, and business consulting. Businesses seeking professional expertise can post their projects or contract work for free. Freelancers seeking work can register either as a free or as a subscribing member. Press Contact: Email: pr@guru.com Phone: 412-687-2228 Guru.com, Attn: PR 5001 Baum Blvd., Suite 760 Pittsburgh, PA 15213 www.guru.com Close window