Digital Agency The Visionaire Group Continues Record Growth in 2008 Despite Recession

Digital Shop Calls 2008 Their “Best Year Ever” with 160% Earnings Growth in Full-Service Widget/Apps Division.

Los Angeles, CA, January 29, 2009 --( The Visionaire Group, an award-winning digital agency, announced record year-over-year earnings growth of 46% in fiscal 2008. Hybrid Studio, the website design division, and Media Banners, the digital banner division which specializes in Rich Media, both posted significant double-digit gains while Xtreme Widgets, the company’s branded viral widget/application division, closed out 2008 with astounding earnings growth of 160%.

“We feel very fortunate to celebrate our best year ever during this economic downturn,” says Dimitry Ioffe, CEO of The Visionaire Group. “We attribute our success to following our core values of Creative Commitment and consistent Innovation.”

The company’s 2008 innovations include a first-of-its-kind widget distribution (or seeding) planning service and patent-pending LINK-UP viral distribution technology for Xtreme Widgets, a new digital graphic novel format and iPhone mobile banners and sites.

The Visionaire Group also registers a 68% growth in staff, including key hires in business development, marketing/PR and creative solutions management. In response to that growth, the company relocated its headquarters to West Los Angeles, thereby quadrupling their office’s square footage.

“Our goals are high and our plans are aggressive,” adds Ioffe on the company’s growth and expansion. “We learned early on that viewing our clients as partners in the creative process keep us and them on the cutting-edge of digital marketing. Our numbers for 2008 are yet another testament to that philosophy.”

“While the outlook for the 2009 economy at large is gloomy,” says Brian Pettigrew, VP of Operations for The Visionaire Group, “we believe digital marketing spending will remain strong and continue to drive our growth.”

The Visionaire Group
Brian Pettigrew