PROFIT 100 ranking reveals 11 of Canada's fastest-growing companies hail from British Columbia

PROFIT magazine’s annual ranking shows how small and medium-sized businesses can seize opportunity in tough times and achieve explosive growth. For the full ranking, visit www.profit100.com.

TORONTO, June 2 /CNW/ – Only a select few businesses ever achieve the dramatic growth required to make it onto the PROFIT 100. The accomplishments of this year’s PROFIT 100 are all the more remarkable considering the volatile economic climate of the past two years.

Released today, the PROFIT 100 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. The companies that make up this year’s ranking have grown their annual revenue by an astounding average of 1,752% over the last five years. Moreover, an impressive 76% turned a profit in last year’s sunken economy.

This year, 11 firms from British Columbia have made the PROFIT 100 ranking, with another 25 in the Next 100. They’re a diversified lot, doing business in everything from health products to marketing, to e-commerce and software.

“The PROFIT 100 winners demonstrate great foresight, agility and tenacity,” says Ian Portsmouth, editor of PROFIT. “All managers of small and medium-sized businesses can learn valuable lessons from the Canada’s Fastest-Growing Companies, especially which management practices drive growth in today’s economy.”

PROFIT 100 top five performers from British Columbia

    -------------------------------------------------------------------------
    Overall  Company/Business Activity              Headquarters     Revenue
    Rank                                                              Growth
                                                                           %
    -------------------------------------------------------------------------
    13       PNI Digital Media Inc./Digital
             photo-processing systems for
             retailers                                 Vancouver       3,103
    -------------------------------------------------------------------------
    23       ParetoLogic Inc./Online security
             software for consumers                    Vancouver       2,151
    -------------------------------------------------------------------------
    26       Elastic Path Software Inc./E-commerce
             software and services                     Vancouver       1,832
    -------------------------------------------------------------------------
    32       Sequel Naturals Inc./Produces natural          Port
             health products                           Coquitlam       1,599
    -------------------------------------------------------------------------
    34       Tenzing Managed IT Services (Reliant
             Web Hosting Inc.)/Managed Web-hosting
             services                                    Kelowna       1,590
    -------------------------------------------------------------------------

For the full ranking and breakdown of the PROFIT 100, visit www.profit100.com.

About PROFIT Magazine:

PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 28 years, Canadian entrepreneurs and senior managers 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 achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.