ProfitLine Receives High Growth Award
Association of Corporate Growth Recognizes ProfitLine as One of the Fastest Growing Companies in San Diego
Monday, June 09, 2003
ProfitLine, Inc., the premier provider of telecom administrative outsourcing, has received the Association for Corporate Growth's High Growth Company Award for its record growth over the past five years. The San Diego Chapter of the Association for Corporate Growth held an awards ceremony June 5, where ProfitLine was honored for being one of the fastest-growing private companies in the San Diego region.
Founded in 1992, ProfitLine has achieved a growth rate of 660 percent over the past five years. The company manages hundreds of millions of dollars annually in telecom spend for its Fortune 1000 clients such as Rite Aid, Fox Entertainment Group, CNA Financial Corporation, Ernst & Young, and Allied Domecq.
Chief executive officer Rick Valencia gave a short speech at the awards ceremony in which he thanked his staff. "We are thrilled to be recognized by the Association of Corporate Growth for our company's expansion. It proves we are answering a critical need in enterprises today—an outsourced solution for managing their complex telecom bills," said Mr. Valencia. "Our growth is the result of our strong business model, our dedicated management team and most importantly, the teamwork displayed by the entire ProfitLine staff."
San Diego National Bank was the title sponsor of the event, and the San Diego Business Journal served as the media sponsor. The Association for Corporate Growth is the premier association for and about professionals involved in middle-market corporate growth, corporate development, and mergers and acquisitions. It promotes the professional interests of its members, who have assumed leadership roles in strategic corporate growth, by offering a forum for quality programs, education and networking. ACG has nearly 5,500 members representing approximately 2,500 companies in 36 chapters throughout the United States, Canada, the UK and Mexico.
About ProfitLine
ProfitLine's outsourced solution streamlines telecom administrative functions for Fortune 1000 companies. By combining a best practices approach with intelligent technology, ProfitLine increases telecom savings and reduces administrative hassles. Founded in 1992, ProfitLine is ranked for the second consecutive year on the Inc 500 list as one of America's fastest-growing private companies. For more information about ProfitLine, please visit
www.profitline.com or contact Kara Kocal at 858.202.1229, or kkocal@profitline.com.
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