Elephant Talk Communications, Inc. (ETAK.OB) Recognized for Astronomical Growth in Orange County, CA
Source: http://Blog.QualityStocks.net/?p=13791Posted on Tuesday, November 11th, 2008 | In Small & Micro Cap
This year in Orange County, California, Deloitte LLP, member of a global finance consulting and advisory network, ranked the area’s top fifty technology, media, telecommunications, and life sciences companies in its highly-regarded Technology Fast 50 Program. To be eligible for the Fast 50, companies must have recorded revenue growth from at least $50,000 in 2003, to $5,000,000 or more in 2007, and they must have done so through the implement of some sort of proprietary technology or intellectual property.
For its mobile and fixed-telecom and content distribution solutions and explosive growth, Elephant Talk Communications received a fifth-place ranking in the prestigious Technology Fast 50 Program. While the average revenue growth for included companies stood at roughly 1,600 percent, Elephant Talk weighed-in heavily with an increase of 5,362 percent for the five year period.
“Sustaining high revenue growth over five years is an exceptional accomplishment,” said Deloitte’s Rob Lucenti. “We commend Elephant Talk for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Elephant Talk to Deloitte’s Technology Fast 50.”
As a result of its placement on the Fast 50, Elephant Talk will automatically be entered into Deloitte’s Technology Fast 500; a ranking of the five hundred fastest-growing tech-companies in North America.
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