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FOR IMMEDIATE RELEASE
For more information contact: Corporate Marketing at IVCi 631-273-5800
IVCi Celebrates 2nd Year of Leading Solutions Provider Named #148 on List of Fastest Growing U.S. Companies Hauppauge, NY - October 17, 2002 - International Video-Conferencing, Inc. (IVCi), (www.ivci.com), a leading global integrator of video conferencing, audio-visual, and network service solutions, is proud to announce that for the second year in a row, the company has been named one of America's entrepreneurial growth leaders by Inc magazine. The ranking appears in the list of the nation's fastest-growing private companies included in Inc magazine's special Inc 500 issue released on October 15th, 2002. IVCi's rank for 2002 is #148 and is the result of having achieved a 1,390 percent growth during the past five years with sales growing from $910,000 in 1997 to $13.5 million in 2001. Last year, IVCi was ranked #81 on the Inc 500 list with a 2,600 percent growth in sales from 1996 to 2000. “We are delighted and extremely proud to be on the Inc 500 list two years in a row,” reports Adam Zeitsiff, the Chief Executive Officer and co-founder of IVCi. “Considering today's extremely challenging global economy, it is even more difficult to maintain such high yearly growth. This ranking is a tribute to our employees, our customers, and our strategic partners, and demonstrates the consistent and growing demand for professional video conferencing and audio-visual solutions.” Started in 1982, the Inc 500 ranks the nation’s leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia. “This level of consistent corporate growth doesn’t come easily,” explains Robert Swing, the President and co-founder of IVCi. “I believe that the key to our corporate success is our focus on meeting—and exceeding—the expectations of our customers and clients. It is this attention to detail and total customer satisfaction that will continue to fuel our growth in the future.” According to Richard Blackwell, the Executive Vice-President and Chief Technical Officer of IVCi, “Our goal is to make collaboration technology easy to use, easy to manage, and easy to afford. This ranking demonstrates that our strategy is working.” “This is the first Inc 500 ranking to reflect the full impact of the recession,” said Inc editor John Koten. “Somehow these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They’re showing that smart strategies can succeed even in the toughest of times.” The average five-year growth rate of this year’s Inc 500 companies is 1,521%. While that is less than the 1,933% average for companies on last year’s list, it is nonetheless dramatic in the current environment. Average 2001 sales for the Inc 500 dropped only slightly from $24,976,000 to $24,706,000. More than two-thirds (73%) of the 2002 Inc 500 companies are profitable. Despite the technology bust, “Computer Software & Services” remains the leading industry category, representing nearly 40% of the firms on the list. To be eligible for this year’s Inc 500, companies had to be independent and privately held through 2001, have generated at least $200,000 in sales in the base year of 1997, and have 2001 sales that exceeded their 2000 sales. Holding companies, regulated banks and utilities were not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. For additional information about IVCi, please contact our corporate headquarters in Hauppauge, New York, USA at (800) 224-7083 or +1 631-273-5800, or visit us at www.ivci.com, or contact us at info@ivci.com.
About IVCi
Boasting an active customer-base of various Fortune 5000 companies, the firm has worked closely with clients such as ADP, The Hartford, Deutsche Bank, Reuters, Vivendi Universal, ideaLabs, American Express, Sumitomo Bank, A&E Television, USA Networks, Entenmanns Bakeries and JP Morgan Chase to meet their video conferencing integration and private IP video communications needs. IVCi also operates an audio/visual division that provides its customers with the highest quality of design-build, customized audio/visual and multimedia solutions for their existing or new meeting environments. For additional information on IVCi’s suite of products and services, please contact our corporate headquarters in Hauppauge, New York, USA at 800-224-7083 or +1 631-273-5800, visit us at http://www.ivci.com/, or contact us at info@ivci.com.
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About Inc Magazine Inc, the premier magazine for growing companies, may be accessed online at www.inc.com. The magazine is owned by Gruner + Jahr USA, one of the top-ranked magazine publishers in the U.S., reaching one of the largest readerships in America. In addition to Inc, Gruner + Jahr USA publishes Child, Family Circle, Fast Company, Fitness, Inc., Parents and YM. G+J USA is 25.1% owned by the Jahr Group and 74.9% owned by Bertelsmann AG, the largest privately held and fifth largest media company overall in the world with yearly revenues at $17.86 billion. All trade names, trademarks, and/or service marks herein are owned by their respective holders.
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