NEWMARKET, ON, Sept. 9 /CNW/ - SNAP Newspaper Group Inc. ranks No.34 as one of Canada's Emerging Growth companies as part of the 2009 PROFIT HOT 50 ranking. "The PROFIT HOT 50 have achieved phenomenal growth rates despite a battered economy. Their success is a testament to their innovative approaches to satisfying the demands of the marketplace and managing their own companies," says Ian Portsmouth, editor of PROFIT: Your Guide to Business Success. "Our rapid growth and economic success can be attributed to our employees and franchises alike that are committed not only to the current and emerging growth of their local media businesses but to the overall success of the entire corporation." Paul Dutton, SNAP Newspaper Group Inc. founder and CEO adds, "Our family consists of talented, dedicated and accomplished members captivated by the spirit that comes from producing a network of truly positive, "good news" publications, online applications and soon to be TV serving to unite and ignite the flame of social recognition and humanitarianism within communities both large and small." The findings of the 10th annual PROFIT HOT 50 ranking will be published in the October issue of PROFIT magazine and online at PROFITguide.com. SNAP Newspaper Group along with other young firms was ranked by a two year revenue growth. "Continuing our growth pattern throughout the remainder of the Canadian marketplace and into the United States is our primary focus," states Dutton, adding "with one SNAP franchise now securely embedded in Bologna Italy, SNAP Newspaper Group's newly formed European Division will also continue to grow substantially. In addition to our current roster of 82 active and soon to be launched franchises, our 2011 projections for the US, Europe and Canadian markets should exceed 500." About SNAP Newspaper Group SNAP Newspaper Group Inc., a private Ontario company that specializes in the franchising of community publications in print, online and soon to be TV. The publications are photographically rich, free to consumers; strive to capture the life and entertainment and overall spirit in each and every community in which they're published. SNAP uses a business model that emphasizes customer service & relationships, technology, marketing savvy and quality thus delivering a product that is relished by consumers, businesses, government and not for profits. Each SNAP franchisee acts as a hub for serving the public relations, marketing, advertising, and networking needs of its community. Each also becomes a trusted tool to connect people, and to sell goods and services on a grassroots level. For more information www.snapnewspapers.com About PROFIT: Your Guide to Business Success PROFIT: Your Guide to Business Success, is Canada's pre-eminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5-250 employees and annual revenue of $1 million to $25 million reaching more than 300,000 readers across Canada. Visit PROFIT online at www.PROFIT magazine.ca.