HAUPPAUGE, NY - October 1, 2003 - International Video-Conferencing, Inc. (IVCi), (www.ivci.com), a leading integrator of enterprise collaboration solutions, including video conferencing, audio/visual, streaming, Web conferencing and network services, is proud to announce that the company has been named one of America's fastest growing privately held companies for the third consecutive year by Inc. magazine.
In this 23rd installment from Inc. magazine, IVCi ranks #205 for 2003 with a five-year sales growth from 1998 to 2002 of 813%. A large portion of this growth can be attributed to IVCi's unique ability to provide its customers with a truly managed enterprise collaboration environment, and its successful efforts in distancing itself from the pure hardware reseller model. The Inc. 500 Special Issue will appear on newsstands October 14 and will be on display until January 2004.
"We are proud to be recognized once again, and for the third consecutive year, by Inc. magazine as one of the fastest growing private companies in the U.S.," reports Adam Zeitsiff, Chief Executive Officer of IVCi. "This award is a tribute to the continued loyalty of our customers, the support of our partners and the relentless dedication of our employees, whose talents and persistence throughout our almost nine-year existence have allowed us to achieve our goal of becoming a leader in the audio/visual and conferencing industries."
The companies that made this list have thrived despite the continued stagnation of the economy, posting a combined average five-year sales growth of 1,312%. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002, Inc. 500 companies—half of which were launched with less than $20,000—provided employment for 67,973 people.
"The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition."
The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino's Pizza all appearing on the list before they became industry powerhouses.
California leads this year as the state with the most Inc. 500 companies (59), Texas is second with 36 firms on the list, followed by Florida (34) and Virginia (30). Maryland and New York are tied with 28 each.
The top metropolitan areas on the Inc. 500 are Washington, D.C. (41 companies), followed by Boston (23), Philadelphia (21), Dallas (19) and Chicago (14). New York City, with only 12, is down from 37 a year ago.
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
International Video-Conferencing, Inc. (IVCi) is a leading integrator of managed enterprise collaboration solutions, including video conferencing, audio/visual, streaming, Web conferencing and network services. From our headquarters in Long Island, New York, and branch offices in Atlanta, Baltimore, Chicago, Los Angeles, New Jersey, New York City, North Carolina, Salt Lake City, San Francisco and Washington D.C., IVCi makes conferencing and audio/visual solutions easy to use, easy to manage, and easy to afford.
IVCi proudly represents products and services from leading industry manufacturers including Polycom (NASDAQ: PLCM), TANDBERG (OSLO: TAA.OL), SAVVIS Communications (NASDAQ: SVVS), RADVISION (NASDAQ: RVSN), Centra Software (NASDAQ: CTRA), Forgent Networks (NASDAQ: FORG), VCON (Nouveau Marché No. 022021), Codian, VBrick Systems, STARBAK Communications, Crestron Electronics, Extron Electronics, Clear One, and Lutron Lighting.
IVCi's numerous awards include ranking in the Inc. 500 Fastest Growing Private Company list for 2001, 2002 and 2003, the Frost & Sullivan award for the Best New Video Conferencing Service for 2002, and recognition by Polycom, PictureTel, Tandberg, and VCON as a top reseller.
For additional information on IVCi's suite of products and services, please call (800) 224-7083, visit us on the Web at www.ivci.com, or e-mail info@ivci.com.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small-to-medium size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting edge coverage that reflects our readers' energy, brashness and imagination.
Contact:
Harold German
Marketing Coordinator
International Video-Conferencing, Inc. (IVCi)
Tel: 631-273-5800 ext. 7156
hgerman@ivci.com
All trade names, trademarks, and/or service marks herein are owned by their respective holders.
