Tarawera Publishing Ltd, the company behind leading online money management magazine Good Returns has won the Best
Business Innovation Award in the annual Rotorua Business Awards.
The judges described Good Returns as being "a significant national business" which had embraced innovation.
"(The managers) have shown an excellent mix of business expertise and innovation by setting up and developing over four
and a half years (one of) New Zealand's first soley Internet based publishing businesses."
"From the name (www.goodreturns.co.nz) to the use of cutting edge technology, and an innovative staffing structure, they
have shown an ability to successfully apply lateral thought to simple business principles."
Editor Philip Macalister says winning the award was recognition that Good Returns is a leading provider of personal
finance information on the Internet in New Zealand.
Good Returns also shows that a well-thought out Internet business can be successful and profitable.
The business, which is one of this country's original Internet-based publishing businesses, has grown significantly
since it was launched in 1997.
It has continued to grow and prosper in the past 18 months while many dot.com businesses in New Zealand and around the
world have failed.
Two of the keys to success have been the readership growth that has averaged 247% each year over the past five years,
and the people working in the business.
"Good Returns employs highly regarded business journalists so it can deliver the best personal finance news to its
readers."
Mr Macalister says while there lots of talk about how companies need to be part of the Knowledge Wave, Good Returns has
been surfing it for years now.
"What surprises many people is that a business like this is run out of a provincial centre like Rotorua.
"With modern technology businesses like Good Returns don't need to be located in the main centres," he says.
For more information contact:
Philip Macalister
Phone: 07-3456869
Mobile: 025-377527
Email: philip@goodreturns.co.nz