Press release from GlobeNewswire (a Nasdaq OMX company)
Angie's List Surpasses 2 Million Paid Households
Monday, April 22, 2013
Angie's List Surpasses 2 Million Paid Households05:30 EDT Monday, April 22, 2013
INDIANAPOLIS, April 22, 2013 (GLOBE NEWSWIRE) -- Continuing its aggressive member growth pattern, national consumer review service Angie's List (Nasdaq:ANGI) has topped the 2 million, paid-households mark.
Angie's List passed the 2 million mark on Sunday, April 21, 2013.
"It took us more than 16 years to get to one million paid households but just 18 months to double it," said Angie Hicks, who in 1995 co-founded the company with CEO Bill Oesterle in Columbus, Ohio.
"Realizing such momentum in membership growth is truly a testament to our commitment to help consumers find the best local service providers," she added. "Our members drive Angie's List."
Angie's List passed the 1 million paid household mark in October 2011 and finished March 31, 2013, with 1,951,774 paid households nationwide.
Angie's List helps consumers find high-quality, local service providers offering everything from home improvement to health care using the prior experiences of their neighbors as a guide.
Because most of the categories of service reviewed on Angie's List carry a high cost of failure, Angie's List places a premium on providing highly reliable information. The company prohibits anonymous reviews, requires members to affirm the validity of their reviews and encourages companies, free-of-charge, to monitor and respond to reviews. Companies are prohibited from submitting reports on themselves and their competitors. Angie's List uses proprietary technology, human review and outside auditing to ensure report reliability and fairness.
Angie's List helps consumers have happy transactions with local service professionals in more than 550 categories of service, ranging from home improvement to health care. More than 2 million paid households use Angie's List to gain unlimited access to local ratings, exclusive discounts, the Angie's List magazine, and the Angie's List complaint resolution service.
CONTACT: Tom Ward Investor Relations 317-808-4527 firstname.lastname@example.org Cheryl Reed Public Relations 317-396-9134 email@example.com