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PROFIT 100 ranking reveals 19 of Canada's 100 Fastest-Growing Companies are from B.C.
Jun 2, 2008
PROFIT magazine's annual ranking demonstrates how entrepreneurs can combine a big vision with tight focus to achieve explosive expansion in any industry and economy. For the full ranking, visit www.profit100.com TORONTO, June 2 /CNW/ - Only a select few firms achieve the dramatic growth required to make it onto the PROFIT 100, the definitive annual ranking of Canada's Fastest-Growing Companies released today by PROFIT magazine. It's not enough to have posted a hot year or two, because the PROFIT 100 is based on revenue growth over five years. Making just the tail end of this year's ranking-the 20th annual-required an explosive growth rate of 627% from 2002 to 2007. And the average PROFIT 100 company grew its revenue by a sizzling 1,800%. Clearly, it takes something exceptional to rank among the entrepreneurial elite of the PROFIT 100. Of the 100 firms on the list of Canada's Fastest-Growing Companies, 19 are from B.C. They're a highly diversified lot, including everything from an online seller of contact lenses and eyeglasses to a manager of mining projects, from a manufacturer of natural health products to a designer of women's golfwear. "The PROFIT 100 are role models for anyone who wants to expand their business domestically or internationally," says Ian Portsmouth, editor of PROFIT. "All entrepreneurs can take great lessons from the product development, human resources and marketing practices of Canada's Fastest-Growing Companies."PROFIT 100 top B.C. performers: ------------------------------------------------------------------------- Overall Revenue Rank in growth Canada Company/Industry Location 2002-07 (%) ------------------------------------------------------------------------- 8 Sequel Naturals Ltd. Manufactures and distributes natural health products Port Coquitlam 3,730 ------------------------------------------------------------------------- 17 Talent Technology Corp. Recruitment software Richmond 2,574 ------------------------------------------------------------------------- 22 Disc Go Technologies Inc. Manufactures DVD and CD repair and inspection equipment Surrey 2,229 ------------------------------------------------------------------------- 23 Elastic Path Software Inc. E-commerce software and services Vancouver 2,210 ------------------------------------------------------------------------- 27 PEER 1 Network Enterprises Inc. Internet infrastructure services Vancouver 1,877 -------------------------------------------------------------------------For the full ranking and breakdown of the PROFIT 100, visit www.profit100.com. About PROFIT 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 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 to 250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at http://www.profitmagazine.ca.