Lewis Media CEO Quoted by Profit Magazine
Thu, Feb 14th, 2008
Recession: Shelter from the storm
Kara Aaserud
From the March 2008 issue of PROFIT magazine
Thriving in a U.S. recession entails investing in product development for Lewis Media, a Kitchener, Ont.-based developer of website-management software. Because president Joseph Fung expects demand from U.S. end-users to drop, the firm has earmarked 25% of its R&D budget to increasing the multilingual capabilities of its software. Because of the expected downturn, "We're looking to expand into a European or Canadian market, and so will our U.S. distributors," says Fung. (Lewis Media's distributors are not restricted to specific geographical territories.) "This was our way of making sure they choose us when they're ready to do that" read the whole article

