iFloor Reaches Half Millionth Customer Mark

Tukwila, WA, August 10, 2007 – iFloor, an online and retail flooring company, said it has reached the 500,000 customer mark and has just opened its 32nd retail store.
 

iFloor, which offers over 70,000 products online, said it is set for  strong growth this year and has secured an additional $7.5 million from Comerica Bank so it can open another ten stores before the end of the year.

Overall, iFloor said it is anticipating 50% growth in its core business in 2007.

iFloor also said that Brenda Morris, former CFO of specialty teen retailer Zumiez Inc., has been named CFO.

During her four years at Zumiez, the company grew from 99 stores to approximately 250, while also completing an IPO, two secondary offerings and the acquisition of a 20-store chain.

Along with 2006 funding from venture capital firm Maveron LLC, iFloor has access to $17.5 million in funding.

The company said it has also completed 3,000 installation projects in the first half of this year and that the number of registered website users has grown by 40%.