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Archived news announcement

Archived news announcement

MfgQuote.com Ranked Number 130 Fastest-Growing Technology Company in North America on the 2005 Deloitte Technology Fast 500

Attributes its 1,600 Percent Revenue Growth to Profitable Customer Experiences


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ATLANTA, Oct. 19, 2005 � MfgQuote.com (Manufacturing Quote, Inc.), the world�s largest marketplace for sourcing and selling custom-manufactured goods and services, today announced that it ranked number 130 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000�2004. MfgQuote.com grew 1,600 percent during this period.

MfgQuote.com CEO, Mitch Free, credits customers� profitable experiences in the marketplace and the resulting increase in business activity for the company�s dramatic percent revenue growth over the past five years. �Our growth is the direct result of the value we are adding to the global manufacturing community who source and produce engineered to order parts,� Free said. �MfgQuote.com provides users a standardized sourcing platform with over 35,000 suppliers connected globally. Buyers and engineers with a project to source can dynamically discover manufacturing companies that have the right expertise and capacity at an exact moment in time, efficiently create and distribute RFQs online, collaborate, perform due diligence and build win-win relationships."

�Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company�s product and its leadership,� said Tony Kern, deputy national managing principal of Deloitte�s Technology, Media & Telecommunications industry practice. �MfgQuote.com has shown the right stuff for growth.�

In addition to ranking on Deloitte�s Technology Fast 500, MfgQuote.com ranked eighth on the Georgia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the state.

Fast 500 Selection and Qualifications

The Fast 500 list is compiled from Deloitte�s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 Canadian for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.

Entrants must be headquartered in North America and must be a �technology company,� defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other�s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names �Deloitte�, �Deloitte & Touche�, �Deloitte Touche Tohmatsu� or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

About MfgQuote.com

MfgQuote.com is the world�s largest marketplace for sourcing and selling manufacturing goods and services. Headquartered in Atlanta, MfgQuote.com instantly and intelligently matches buyers with suppliers of manufactured parts across the globe, greatly expanding business opportunities for both. MfgQuote.com is transforming the once-fragmented world of manufacturing into a single, on-demand service, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels.

www.mfgquote.com

 

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