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Three-peat: ProfitLine Enjoys Third Consecutive Year on Inc 500 List!
Wednesday, October 15, 2003 — For the third consecutive year, ProfitLine Inc., the premier provider of telecom administrative outsourcing, has been named one of the fastest growing privately held companies in the United States by Inc Magazine.
ProfitLine manages hundreds of millions of dollars annually in telecom spend for its Fortune 1000 clients. Founded in 1992, ProfitLine has achieved a growth rate of 462 percent in the past five years.
"It's rare to be ranked two years in a row – but three is even more remarkable. It's an extraordinary accomplishment and one we all worked very hard to achieve," said Rick Valencia, founder and chief executive officer of ProfitLine. "Our phenomenal growth is truly the result of a team effort through our dedicated employees, dynamic company culture, and forward-thinking clients. Telecom administrative outsourcing is really becoming a common sense solution for companies that want to save money on their telecom bills and offload the hassles of dealing with them, and our growth really demonstrates that."
"The entrepreneurs you'll find on the Inc 500 have the type of attitude we need to get this economy moving again," said Inc editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."
The Inc 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino's Pizza all appearing on the list before they became industry powerhouses.
The average five-year growth rate of this year's Inc 500 companies is 1,312%. To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. The ranking of the 500 entrepreneurial growth leaders appears in the magazine's special Inc 500 issue, which hit newsstands yesterday.
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 third 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 Busselen at 858.202.1229 or kbusselen@profitline.com.
About Inc
Inc., the only business magazine dedicated exclusively to owners and managers of fast-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 the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.
NOTE: ProfitLine is a registered trademark of ProfitLine, Inc. MyTelcoManager is a trademark of ProfitLine. All other trademarks or registered trademarks belong to their respective owners.
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Wednesday, October 15, 2003 — For the third consecutive year, ProfitLine Inc., the premier provider of telecom administrative outsourcing, has been named one of the fastest growing privately held companies in the United States by Inc Magazine.
ProfitLine manages hundreds of millions of dollars annually in telecom spend for its Fortune 1000 clients. Founded in 1992, ProfitLine has achieved a growth rate of 462 percent in the past five years.
"It's rare to be ranked two years in a row – but three is even more remarkable. It's an extraordinary accomplishment and one we all worked very hard to achieve," said Rick Valencia, founder and chief executive officer of ProfitLine. "Our phenomenal growth is truly the result of a team effort through our dedicated employees, dynamic company culture, and forward-thinking clients. Telecom administrative outsourcing is really becoming a common sense solution for companies that want to save money on their telecom bills and offload the hassles of dealing with them, and our growth really demonstrates that."
"The entrepreneurs you'll find on the Inc 500 have the type of attitude we need to get this economy moving again," said Inc editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."
The Inc 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino's Pizza all appearing on the list before they became industry powerhouses.
The average five-year growth rate of this year's Inc 500 companies is 1,312%. To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. The ranking of the 500 entrepreneurial growth leaders appears in the magazine's special Inc 500 issue, which hit newsstands yesterday.
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 third 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 Busselen at 858.202.1229 or kbusselen@profitline.com.
About Inc
Inc., the only business magazine dedicated exclusively to owners and managers of fast-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 the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.
NOTE: ProfitLine is a registered trademark of ProfitLine, Inc. MyTelcoManager is a trademark of ProfitLine. All other trademarks or registered trademarks belong to their respective owners.
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