Web Services Company Closes Its Doors

The Register Guard (Eugene, OR), June 22, 2002 | Go to article overview

Web Services Company Closes Its Doors


Byline: SHERRI BURI McDONALD The Register-Guard

PremiereLink Communications Inc., a Eugene-based Web services provider, called it quits Friday after 6 1/2 years of operation.

"We've been hanging on as long as we could," said Eric Schiff, PremiereLink's CEO, president and co-founder.

But after grasping at 11th-hour solutions, such as merging with another company, or securing new investment, Schiff decided to close the company.

"We're not filing for bankruptcy," he emphasized. "We're looking at being able to take care of our vendors and creditors."

PremiereLink had specialized in designing, programming and managing Web sites for businesses and other organizations.

Over the years, it had worked with more than 100 clients, including Lane Community College, Lane Transit District, Liberty Bank, PacificSource Health Plans and Emporium.

Schiff founded PremiereLink in 1995 with Eugene educator Paul Jorgensen. The company grew rapidly, doubling revenues each year, and it almost turned a profit in its third year, Schiff said. He declined to reveal any details about the company's revenues.

Buoyed by its early success and fresh cash from investors, the company moved to new offices in the Heron Building at Sixth Avenue and Olive Street in downtown Eugene, with plans to grow rapidly.

PremiereLink hit a peak of 14 employees, which it maintained until January, Schiff said. Since then, the company has dwindled to six employees. Four of them will continue working with some of PremiereLink's customers as independent contractors. …

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