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Follow on Google News | Navtrak, Inc. Ranked 415th Fastest Growing Company on 2008 Tech Fast 500Pioneering GPS-based Vehicle Tracking Services Provider attributes its 316% Percent Revenue Growth to Employee Passion and Focus.
By: Rod Whisner To read the entire release, please click here:http://www.navtrak.net/ Navtrak, Inc.’s CEO, Ron Hodges, credits employee passion and an unwavering focus on fleet productivity solutions with the company’s 316% revenue growth over the past five years. He said, "Working for a fast growth company is not for the weak at heart. It’s a very dynamic environment and change is the norm. Our employees show a tremendous amount of passion in an often stressful environment. They are continually adapting to change while holding firm to our companies’ core values and beliefs." "Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate Navtrak, Inc. on this significant accomplishment." In addition to ranking on Deloitte’s Technology Fast 500, Navtrak, Inc. ranked #19 on the Maryland Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Maryland. Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent. Fast 500 Selection and Qualifying Criteria The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007. Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America. About Navtrak, Inc. Navtrak, Inc., located in Salisbury, MD, is an industry leader in providing GPS vehicle tracking systems and fleet productivity solutions for businesses with mobile workforces. Founded in 1999 and serving thousands of customers across the country, Navtrak is committed to Driving Business Productivity™ About Deloitte “Deloitte” # # # About Navtrak, Inc. Navtrak, Inc., is an industry leader in providing GPS systems, fleet management and GPS vehicle tracking system solutions for businesses with mobile workforces. Founded in 1999 and now serving thousands of customers across the country, Navtrak is committed to Driving Business Productivity™ End
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