GBIT in D&L Fast 500! IGHS Merger still on the table.
Both a good thing imo.
Move down to find GBIT....Off Topic buy NTST has enjoyed a little run even after the 3:1 reverse split.
Netsmart and Progenics Pharmaceuticals
Lead 15 New York-based Companies On
Deloitte & Touche LLP Technology Fast 500
Both Showed Revenue Growth in Excess of 10,000 Percent
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 17, 1998--Netsmart
Technologies Inc. [Nasdaq:NTST - news] of Islip, N.Y. and Progenics
Pharmaceuticals Inc. [Nasdaq:PGNX - news] of Tarrytown, N.Y. lead 15
New York-based companies on the Fourth Annual Technology Fast 500
listing announced Tuesday by Deloitte & Touche LLP.
Both companies showed growth in excess of 10,000 percent. Four New York-based companies were among the top 100.
Ranking for the Fast 500 is based on percentage growth in revenue over a five-year period (1993 to 1997).
''The incredible growth of the New York-based companies contributed to the Northeast's outpacing the average U.S.
growth,'' said Mark A. Evans, managing director of Deloitte & Touche's High Technology Industry Group in San Jose,
Calif. ''The Northeast showed an average 3,035 percent jump in revenues, compared to the average growth rate of 2,958
percent for the entire United States.''
Ranked the 18th fastest growing technology company in the country, Netsmart Technologies, a software company,
showed a growth of 13,728 percent, increasing from $57,000 in 1993 to $7,882,000 in 1997. Progenics
Pharmaceuticals, a biotechnology company, ranked No. 25 with a growth of 11,328 percent, moving from $134,000 in
1993 to $15,313,000 in 1997.
Also among the top 100 companies were No. 39-ranked CellularVision USA Inc., a communications company based in
Brooklyn, N.Y., which showed a 8,887 percent growth, with revenues increasing from $55,000 in 1993 to $4,943,000
in 1997. Boundless Corp. [Nasdaq:BDLS - news], a computer and peripherals company based in Hauppauge, N.Y. was
ranked Number 99, with a 3,392 percent growth in revenues, from $2,814,000 in 1993 to $98,271,000 in 1997.
The number one-ranked company on the Fast 500 for 1998 is Advanced Fibre Communications [Nasdaq:AFCI - news]
Inc., a communications company in Petaluma, Calif., which showed a revenue growth increase of 43,103 percent. The
company's revenues moved from $620,000 in 1993 to $267,858,000 in 1997.
Thirteen percent of the New York-based winners appear on the Fast 500 list for the third consecutive year (1996, 1997,
and 1998) while 33 percent appear for the second consecutive year (1997 and 1998).
The 15 New York-based companies on the 1998 Fast 500 listing are listed in order of ranking, based on percentage
growth in revenue over a five-year period (1993 to 1997):
No. 18 - Netsmart Technologies Inc. of Islip - 13,728 percent
No. 25 - Progenics Pharmaceuticals Inc. of Tarrytown - 11,328 percent
No. 39 - CellularVision USA Inc. of Brooklyn - 8,887 percent
No. 99 - Boundless Corp. of Hauppauge - 3,392 percent
No. 176 - Neuromedical Systems Inc. [Nasdaq:NSIX - news] of Suffern - 1,767 percent(a)
No. 214 - Management Technologies Inc. of New York City
- 1,492 percent
No. 227 - Level 8 Systems Inc. [Nasdaq:LVEL - news] of New York City - 1,440 percent(a)
No. 327 - Bitwise Designs Inc. [Nasdaq:BTWS - news] of Schenectady - 948 percent(b)
No. 337 - ACTV Inc. [Nasdaq:IATV - news] of New York City - 901 percent
No. 349 - Projectavision Inc. [Nasdaq:PJTVC - news] of New York City - 870 percent
No. 376 - Computer Concepts Corp. [Nasdaq:CCEE - news] of Bohemia - 785 percent(b)
No. 438 - PRT Group Inc. [Nasdaq:PRTG - news] of New York City - 631 percent
No. 453 - Applied Theory Communications Inc. of Great Neck
- 597 percent
No. 457 - Global Intellicom Inc. [OTC BB:GBIT - news] of New York City - 587 percent
No. 486 - Nastech Pharmaceutical Company Inc. [Nasdaq:NSTK - news] of Hauppauge
- 540 percent(a)
(a) indicates second consecutive year on the Fast 500 list
(b) indicates third consecutive year on the Fast 500 list
Qualifying Criteria For the Fast 500
To qualify for the Fast 500, entrants must have had revenues of at least $50,000 in 1993 and at least $1,000,000 in 1997.
They must be a U.S.-headquartered company developing and/or providing technology products or services.
The Fast 500 is compiled from three sources: winners of Deloitte & Touche's 1998 regional U.S. Fast 50 programs;
nominations submitted directly to the Fast 500; and public company database research.
About Deloitte & Touche LLP
Deloitte & Touche LLP, 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 more than 100 U.S. cities. Deloitte & Touche
LLP is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 82,000 people in over
130 countries.
NOTE TO EDITORS: For the complete list of Deloitte & Touche LLP Technology Fast 500 winners for 1998, visit the
firm's Web site at www.us.deloitte.com/fast500.
Go GBIT
Alan |
