NEW YORK, NY, December 18, 2008
/24-7PressRelease/ -- 5W Public Relations, today announced intentions to make acquisitions, and aggressively pursue small PR agencies in 2009. The firm is currently in discussions with several firms. 5W Public Relations has quickly grown to be the nation's 21st largest independent firm (O'Dwyers 2007 rankings) since their founding in 2003.
"Thankfully, despite the tough economy, 2008 was a growth year for 5WPR as we continue to organically grow and mature. Given the state of the economy, as entrepreneurs, we understand the struggles small firms may have with collections, lowering of retainers and simple balance sheet issues, and as such we are interested in acquisitions or agencies that may be looking to merge into a larger agency," said Ronn Torossian, CEO of 5W PR. "We are targeting small firms and we are seeing a lot of Public Relations firms doing great work, but are facing tough times. We are very confident that we will continue to grow and view acquisitions as a component of that process. We are cash positive and want to invest in acquisitions to grow."
ABOUT 5W PUBLIC RELATIONS:
5W Public Relations ( http://www.5wpr.com) is a full-service public relations firm known for implementing cutting-edge, customized media programs designed to impact our clients' specific business goals and objectives. 5WPR's energetic, fast-paced, and focused culture earned the firm a spot on the INC. 500 list in 2007 and the title of "fastest-growing agency" three years in a row. Headquartered in New York with an office in Los Angeles, we maintain practice areas in consumer, technology, health and wellness, entertainment, lifestyle, fashion, and corporate communications. Our growth and recognition stem from a focused, smart, and creative staff that expertly communicates client messages to impact ROI. Our committed team has the understanding and ability to harness the newest tools in a rapidly changing media landscape. This 24/7 approach to the media led the industry's foremost trade magazine to describe us as "aggressive in a way that clearly resonates with clients looking for a firm staffed with type A-plus personalities, a BS-free approach, and results from Day One."
With a diversified client portfolio second to none, 5WPR's clients include: Evian Natural Spring Water, Barnes & Noble Online, NICE Systems, Guitar Center, Patina Restaurant Group, LifeStyles, The Ice Rink at Rockefeller Center, Phillips Van Heusen, 1800 Tequila, Advanstar Communications, Avenue Stores, The Loews Regency, Vail Resorts, Ahava Skin Care, Weatherproof Garment Company, Gen Art, Pritikin Longevity Center & Spa, and Philippe Chow. 5W PR also represents known talent such as Snoop Dogg and Ice Cube, as well as a plethora of publicly traded technology companies, a variety of global interests, national corporations, high-profile individuals, regional businesses, government agencies and academic institutions.
CONTACT:
Christine Garabedian
212-999-5585
Christine@5wpr.com
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