SOURCE: Zag.com

Zag.com

December 21, 2009 09:00 ET

Zag.com Growth Continues in Economic Downturn

Innovative Auto Retailer Hires Five and Promotes Two to Management

SANTA MONICA, CA--(Marketwire - December 21, 2009) - Zag.com Inc., the company that private labels its online auto-buying platform for several of the nation's largest brands and was recently named Los Angeles Business Journal's second fastest growing private company, today announced that it has hired five new senior employees and promoted two to the management team. The new employees will help with business development, new product lines, partner management and marketing.

"Zag has had a remarkable year," said Scott Painter, Zag CEO. "Despite the economic downturn and current turmoil in the automotive sector, we've continued to grow and expand our business. In August, we announced profitability, and our sales continue to exceed the rest of the automotive market by double digits. These new additions and promotions will help us reach even greater heights in 2010."

Joining Zag are:

--  Jeff Bolke, Vice President of Business Development -- Jeff will be
    responsible for all Business and Partner Relationship Management
    initiatives. He is an industry veteran with more than two decades of
    business development, sales management, and operations experience.
    
--  Uana Coccoloni, Director of Marketing -- Uana will direct all aspects
    of partner and product marketing and will be responsible for the end-to-end
    consumer experience. Prior to joining Zag, Uana was the Director of
    Marketing at POM Wonderful.
    
--  Alex Rosten, Program Director, New Product Lines -- In this newly
    created role, Alex will be responsible for taking new product lines from
    concept to launch.  Alex is a veteran in the online automotive space,
    having worked at Mota Motors, Edmunds and CarsDirect.
    
--  Randy Rubin, Senior Director, Partner Management -- Randy brings
    almost 20 years of marketing, business development, and product planning
    experience in the automotive industry on both the OEM and supplier side of
    the automotive industry to Zag's Partner Management team.
    
--  Kirit Sarvaiya, Director, Partner Management -- Kirit will focus on
    large audience partners such as Overstock, eBay, Kelley Blue Book, AOL,
    Vast, and others. Kirit brings a wealth of talent, experience and proven
    track record of success developing and maintaining positive relationships
    with partners. Prior to joining Zag.com, Kirit served as Executive Director
    at Fox Interactive Media - MySpace business unit.
    

In addition, Joe Messeh has been promoted to Senior Director of Product Management and Karim O'Driscoll has been promoted to Senior Director, Pricing Management and Dealer Program Integration. Both have served vital roles in developing and maintaining Zag's products and pricing system.

Zag uses group-buying power to offer lower, upfront prices to consumers from dealers while those buyers are still online. As a result, dealers participating in the Zag program are thriving because of their access to a high-volume of motivated car buyers that are "in-market" which helps fuel more car sales. Additionally, Zag has saved consumers more than $138 million off of MSRP of new cars sold.

Amid all the new hires, Zag is still looking to fill several key positions. More information can be found at www.zag.com and by sending a cover letter and resume to leaderswanted@zag.com.

About Zag

Zag (www.zag.com) has created a better way to buy a car. Zag operates a robust auto-shopping, research and pricing technology platform that saves buyers money by concentrating group-buying power, while providing a superior car-buying experience by presenting guaranteed up-front pricing and a no-hassle delivery process with a select group of dealers. Zag provides its platform on a private label basis to affinity buying groups, such as USAA, AAA, American Express, Overstock.com, Liberty Mutual, Administaff and Capital One Auto Finance. Zag is based in Santa Monica, Calif.

Contact Information

  • Press Contact:
    Sean Stevens
    Atomic PR for Zag
    (415) 402-0230
    Email Contact