To: George Mc Geary who wrote (42 ) 12/4/1998 7:31:00 AM From: digger Respond to of 43
Microfield Graphics Inc. Named One of the Fastest-growing Technology Companies in the United States in the Deloitte & Touche ''Fast 500'' Program PORTLAND, Ore.--(BUSINESS WIRE)--Dec. 3, 1998--Microfield Graphics Inc. (Nasdaq:MICG - news) has been named to Deloitte & Touche's prestigious ''Fast 500'' Program, a ranking of the 500 fastest-growing technology companies in the United States. Rankings are based on five-year percentage growth in revenues from 1993 - 1997. Microfield's President and CEO, Jack Conroy, credits the company's proprietary SoftBoard® technology and employees' persistence and determination for the company's 8,961% revenue growth over the past five years. He said, ''We sincerely appreciate this recognition of our efforts by Deloitte & Touche.'' Mark Evans, Managing Director of Deloitte & Touche's High Technology Industry Group said, ''In an era where technology companies come and go like shooting stars, making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years. Microfield Graphics Inc. has proven that they have the right stuff to succeed, and we salute their accomplishments.'' Microfield's increase in revenues of 8,961% over the five-year period of 1993 to 1997 resulted in a 36th ranking overall in the Technology Fast 500. The average increase in revenues among companies who made the Fast 500 was 2,958 percent. To qualify for the Fast 500, a company must have had revenues of at least $50,000 in 1993; must be headquartered in the United States; and must be a ''technology company'' -- defined as a company that produces technology, manufactures a technology product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of its efforts to technology-related research and development. Technology Fast 500 Winners are invited to an exclusive two-day conference that will be held from April 30 to May 1, 1999, at the Arizona Biltmore in Phoenix. The conference was designed to address the unique business issues facing these super-charged, technology companies. For more information on the Deloitte & Touche Technology Fast 500 program, visit the web site at www.us.deloitte.com/fast500. Microfield Graphics Inc. develops, manufactures and markets computer conferencing and telecommunications products to facilitate and enhance the productivity of on-site and remote group meetings. The company's product lines incorporate a series of digital whiteboards and digital interactive computer monitors under the brand name SoftBoard®, along with a variety of application software packages, supplies and accessories. Information written, drawn, or otherwise displayed on the SoftBoard® surface is recorded and displayed on a personal computer, simultaneously and in color, using the company's proprietary technology. The information is recorded in a computer and can be replayed, printed, faxed, e-mailed or saved for future applications. Proprietary software allows the information to be communicated in real time to remote computers over standard telephone lines, networks and/or the Internet. The company is headquartered in Portland, Ore., and its common stock is traded on NASDAQ under the symbol ''MICG''. Deloitte & Touche, one of the nation's leading professional services firms, provides accounting and auditing, tax, and management consulting services through 23,000 people in offices in over 100 U.S. cities. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in professional services with more than 72,000 people in over 125 countries.