Another piece of NSS's strategy unfolding - trading in U.S.
NewSys Ranked 42nd In Profit 100 Listing Of Canada's Fastest
Growing Companies - With Five Year Growth Rate Of 1,999 Percent
OTTAWA, ONTARIO--
NewSys included in Standard & Poor's Corporate Records in United
States
NewSys Solutions Inc. ("NewSys" or the "Company") (ASE:NSS), is
pleased to announce that it has been ranked 42nd in Profit
Magazine's Profit 100 list of Canada's 200 Fastest Growing
Companies - www.profitguide.com. This is the third consecutive
year NewSys has been included in this prestigious list of
companies that have demonstrated innovation, leadership and
outstanding growth over a five-year period. This ranking is the
result of a five-year growth rate of 1,999 percent from years 1993
to 1998, whereby Company revenues increased to $11,827,163 from
$563,536.
Mark Quigg, President and CEO of NewSys stated "We are very
pleased to be included in this list of Canadian success stories.
The critical mass we have achieved places NewSys in an excellent
position to implement a number of strategic initiatives, including
increased focus on large scale, long term contracts, designed to
maintain the growth trend and increase profitability."
NewSys also announced that it is now included in Standard and
Poor's corporate records and that it received "blue sky" clearance
for most of the United States - which permits Company securities
to be sold or offered for sale within a state as covered by a
state's blue sky statute .
NewSys Solutions Inc. is an information technology (IT) consulting
firm and an innovator in Business Intelligence (BI) solutions,
specialising in data warehousing, integration, and outsourcing.
Employing over 160 IT professionals, NewSys' clients include
Fortune 500 corporations and government departments located in
both Canada and the United States. The Company has recorded 23
consecutive quarters of growth and profitability and is recognized
as one of the fastest growing companies in Canada. For more
information on NewSys' IT services, please contact the company's
web site at www.newsys.com or tel. (877) 761-9436.
NewSys is a trademark of NewSys Solutions Inc. All logos, trade
names, and product names and trademarks or registered trademarks
are property of their respective owners. The Alberta Stock
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Bristol Communications Group Inc.
Investor relations
Michael Simon
(416) 203-1800
mdsimon@newsys.com
or
Linear Capital Corp.
Tony Croll
(416) 364-2266
tony@linearcapital.com |
