October 20, 2004 – BurstNET Technologies, Inc.ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢ (http://www.burst.net), a leading provider of managed dedicated web hosting services, today announced it has been selected as a member of the 23rd annual “Inc 500”. – a ranking of the fastest-growing private companies in the United States. Inc. Magazine (http://www.inc.com), the premier publication for small and medium-sized businesses, released the list today. The “Inc 500” Special Issue will appear on newsstands October 26 and will be on display until December 21, 2004. BurstNETÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢ ranks #416 on the list with four year average annual sales growth of 90.7%. BurstNETÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢ is the only company in Northeastern Pennsylvania to be included in this year’s list. In the past, a ranking on the list has been an early indicator of future accomplishments on a global scale. Companies that have made the “Inc 500” in the past include Timberland, The Sharper Image, Microsoft, Intuit, Domino’s Pizza and Oracle.
To be eligible for this year’s “Inc 500”, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 2000, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. Magazine verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œWeÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢re very excited about making the “Inc 500” list. Both our management and the employees have worked long and hard to get to this point.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â said S. Matthew Arcus, CEO of BurstNETÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢. ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œI’m just so thrilled to be able to prove that a successful technology business can be run here in Northeastern PA. I hope other tech-related companies begin to recognize the cost savings available in this area.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â
Beginning November 1, the full “Inc 500” list will be available online at www.inc.com with full year subscription for $19.95 or alone for $9.95. The fee allows users to search 2004 company profiles by industry and offers online-only premium information about this year’s “Inc. 500”. From October 20ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“31, only 50 of the “Inc 500” will available for viewing at www.inc.com. Copies of the “Inc 500” issue will be available on newsstands nationwide beginning October 26 and can also be ordered at 1-800-290-5460 or INC@reprintbuyer.com.