| Purcell Systems Ranks 21st on 2005 Inc. 500 List of Fastest-Growing Private Companies |
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| Saturday, 29 October 2005 | |
Purcell Systems Ranks 21st on 2005 Inc. 500 List of Fastest-Growing Private CompaniesSPOKANE VALLEY, WA, (NAMC) - Purcell Systems announced it has ranked 21st on the 2005 Inc. 500 list, ranking the fastest-growing private companies in the nation. Purcell Systems, the most advanced cabinet and power equipment solution and integration services provider for the broadband communications market, ranks 21st on the list with three-year sales growth of 2,273 percent. Company CEO Pete Chase attributes the company's significant growth to its employees. "The outstanding dedication from our team has been a key factor in Purcell's continued improvement through the innovations and added value we provide to our customers." Formed in January of 2000, Purcell continues to grow through revenue, clientele and knowledgeable staff, while firmly etching its position as one of the most innovative and dynamic technology companies around the globe. "When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges." Chase concurred with Melloan. "Our team's knowledge of the telecom industry and the high priority Purcell places on customer service has not only put us on the board, but also as a company we have had the opportunity to earn our customer's business, and the ability to keep it." Chase added, "That's why we are in the position we are today; motivated to continue growth and maintain our customer relationships." Purcell Systems' growth nearly triples the average 769 percent three-year sales growth for the companies that made this list. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84 percent of them were profitable, Purcell Systems included. To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. About Purcell Systems Purcell Systems is addressing the $1.5 billion wireless networking equipment market with the industry's most advanced and cost-effective patented and patent-pending modular, outdoor enclosure solutions to help ensure Wireless Broadband Communications uptime and protection. By working directly with service providers, tower companies, and construction firms, Purcell Systems provides "exact-fit" site solutions that support a myriad of power and environmental requirements. Purcell Systems supports the customer goal of rapidly building their network at as low a cost as possible, while offering fanatical customer service. As a profitable company, Purcell is rapidly becoming the leading provider of equipment protection solutions for the telecommunications industry. More on the company's history and product offering can be viewed at www.PurcellSystems.com. About Inc. Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation's gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination. |
