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ACS INTERNATIONAL RESOURCES, INC.
Delaware Technology Park
3 Innovation Way
Suite 120
Newark, DE 19711
phone: 302-738-2305
fax: 302-738-2306
e-mail: bill@acs-intl.com
or Visit us on the Web at www.acs-intl.com
PRESS RELEASE
ATTENTION: EMPLOYEES,
CLIENTS, PARTNERS, VENDORS, AND ASSOCIATES
ACS CONTACT: WILLIAM S. SCHARNIKOW,
VICE-PRESIDENT BUSINESS DEVELOPMENT
FOR RELEASE: 8:00 A.M. EDT, WEDNESDAY,
OCTOBER 10th, 2001
ACS INTERNATIONAL RESOURCES,
INC. NAMED (FOR THE 3RD CONSECTUTIVE YEAR) ONE OF AMERICA’S
FASTEST-GROWING COMPANIES BY INC. MAGAZINE
Newark, Delaware, October 10, 2001 – ACS International
Resources, Inc., based in Newark, DE, has been named one of the
fastest-growing companies in the United States (for the 3rd consecutive
year) by Inc. magazine, which today released its annual ranking
of the Inc. 500, the comprehensive guide to America’s fastest-growing
private companies.
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
year’s Inc 500 set records in terms of both collective sales
and growth rates, racking up a collective total of $12.5 billion
in sales and an average 5-year growth rate of almost 2,000 percent.
ACS International Resources, Inc. achieved some 1,227 percent growth
in the past five years, with sales growing from $853,000 in 1996
to $11,323,000 in 2000. ACS International Resources, Inc. (a three-time
consecutive Inc. 500 Company) is a global provider of Information
Technology Solutions & Consulting Services to prominent large
and small businesses in North America, Europe and Asia. Incorporated
in Delaware in 1992, ACS service offerings include Professional
Consulting Services, Structured Application Development, Installed
Application Management, Vendor Management or Single-Point-Sourcing,
and Call Center Services (Help Desk support). ACS is a privately
held, minority-owned corporation with offices and solutions centers
in North America, Europe, and Asia. ACS offers local, national and
international technical talent in their core technical competencies,
which include Legacy, Client Server, Web/Internet, and Wireless
platforms and they make the most of a 24-hour day by utilizing multiple
time zones to their advantage.
“It is exciting and gratifying to be included in Inc. magazine’s
extremely prestigious ranking,” said Milan Patel, CEO. “It
shows the spectacular results that may be achieved through focus
and teamwork.”
California is once again home to the greatest number of Inc 500
businesses this year (59) followed by New York (33). Massachusetts
and Texas tied for third place, each having 29 ranked companies,
followed by Virginia (27) and Florida (26). New York City, meanwhile,
is the metro area with the greatest number of inc 500 companies,
with 39 located there, followed by Washington DC (31), Boston (30),
San Francisco (26), and Chicago (24).
Among the key trends: Inc 500 enterprises are dramatically larger
than they were 10 years ago, with an average of 160 employees, compared
with just 61 employees on average in 1991. In existence an average
of eight years, 56 percent were started at home, approximately 63
percent of which had five or less employees when they moved from
home. About 50 percent were started with an investment of $20,000
or less, and 15 percent were started with less than $1000. The companies
as a group generated a total of 80, 188 jobs and some 76 percent
of Inc 500 companies were profitable in 2000.
Reflecting the technology boom in the past five years, the largest
percentage (38%) of Inc 500 companies are in “computer software
and services,” followed by “diversified services,”
such as human resources and advertising, (21%). Telecommunications
was a distant third with 5 percent.
“The Inc 500 gives America a window on the future – which
companies will be the Microsoft’s and Timberlands of tomorrow,”
said George Gendron, Inc editor-in-chief. “The economy may
have slowed, but entrepreneurial enterprises have always been, and
will continue to be, the nation’s foremost engine of growth
and job creation.
To be eligible for this year’s Inc. 500, companies had to be
independent and privately held through 2000, have at least $200,000
in sales in the base year of 1996, and their 2000 sales had to have
exceeded 1999 sales. Holding companies, regulated banks and utilities
are not eligible. Inc. verifies all information using tax forms
and financial statements from certified public accountants and by
conducting interviews with company officials.
Founded in 1979, Boston-based Inc magazine was acquired last year
by G+J USA, one of America’s largest magazine publishers and
is part of the company’s newly-formed Business Innovator Group.
G+J USA also publishes Fast Company, Rosie, Child, Family Circle,
Fitness, Homestyle, Parents, and YM. The company is 25.1 percent
owned by the Jahr Group and 74.9 percent owned by Bertelsmann AG,
the largest privately held and the fifth largest media company in
the world with yearly revenues at $16 Million.
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