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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

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, 25 PROFIT 200 firms are based in Alberta. Among these entrepreneurs are software companies, a liquor retailer, an industrial safety products distributor and a custom homebuilder.

“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.”

PROFIT 200: The Top 5 from Alberta

Company           Industry Headquarters Growth 2005-10 (%)
1. Pacesetter Directional Drilling Ltd. (# 12 overall) Drilling services for oil and gas companies Calgary 3,020
2. Yardstick Software Inc.  (#17) Software for online exams and training Edmonton 2,501
3. GEOtrac Systems Inc.  (#38) Software to manage fleets and safeguard workers Calgary 1,294
4. Fast Track Group (#40) Real estate investment dealer St. Albert 1,282
5. Superior Safety Codes Inc. (#45) Construction-permit issuance and inspections Edmonton 1,178

For the full ranking and breakdown of the PROFIT 200, visit

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