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PROFIT 200 RANKING REVEALS FOUR OF CANADA'S FASTEST-GROWING COMPANIES HAIL FROM ATLANTIC CANADA

June 1, 2011

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The stars of PROFIT Magazine’s 23rd annual PROFIT 200 ranking prove that opportunities are everywhere in today’s economy. For the full ranking, visit www.profit200.ca.

TORONTO, June 1, 2011 /CNW/ – With the Canadian economy apparently mired in a prolonged period of subpar growth, one couldn’t blame business owners for being pessimistic about current opportunities for expansion. But the firms honoured in the PROFIT 200 ranking of Canada’s Fastest-Growing Companies are proof that more than a little optimism is in order.

Released today, the PROFIT 200 is the definitive annual ranking of Canada’s Fastest-Growing Companies by five-year revenue growth. Despite a sluggish economy, the businesses profiled in the pages of PROFIT’s Summer 2011 issue have generated five-year revenue growth averaging an extraordinary 1,464%.

This year, four PROFIT 200 companies come from Atlantic Canada. They’re a diversified lot, from a manufacturer of sonar technology to a manufacturer of marine evacuation equipment.

“The PROFIT 200 demonstrate that innovative small and medium-sized businesses operate all across the country,” says Ian Portsmouth, editor-in-chief of PROFIT Magazine. “No matter where they are from, they all have valuable lessons to share on how to drive growth in today’s challenging economy.”

THE PROFIT 200: four from Atlantic Canada

Company Industry Headquarters Growth 2005-10 (%)
1. Marport Deep Sea Technologies Inc. (#5 overall) Produces sonar technology St. John’s, Nfld. 5,016
2. Mad Rock Marine Solutions Inc. (#27) Manufactures marine-evacuation equipment St. John’s, Nfld. 1,764
3. VistaCare Communications Services of Canada Inc. (#109) Builds broadband cable and fibre-optics systems Dartmouth, N.S. 438
4. Safety First-SFC Ltd. (#157) Traffic-control services for construction projects Dartmouth, N.S. 282

For the full ranking and breakdown of the PROFIT 200, visit www.profit200.ca.

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 29 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.PROFITguide.com.