eCopy Thrives As Marketplace Continues to Recognize Innovative Business Solution
Friday, October 17, 2003
Nashua, New Hampshire, October 16, 2003 — eCopy, Inc., an innovative provider of document distribution and integration solutions, has climbed both the Inc. 500 and the Deloitte Technology Fast 500 lists of the nation’s fastest growing companies. According to the Inc. 500, a national ranking of privately held companies, eCopy, Inc. is the 79th fastest growing company, up from 145th the previous year. In a ranking of both public and private companies, eCopy, Inc., formerly listed at 263rd, is the 193rd fastest growing technology company in North America on the 2003 Deloitte Technology Fast 500. Fast 500 rankings are based on average percentage revenue growth over five years (1998-2002). “Our continued rise through the rankings of these prestigious lists further validates that eCopy’s open and flexible document distribution solution is a necessary business tool which improves productivity and efficiency, and reduces the costs of doing business for our customers,” said Edward Schmid, president and CEO, eCopy, Inc., who credits the company’s innovative suite of products with revenue growth of 1,776 percent over the past five years. “The bottom line is that we are enabling our clients to get their jobs done easily and more efficiently.” The eCopy Suite, coupled with the high-speed scanning capabilities of a scanner or Canon digital copier, enables any organization to transform paper documents into information that is easily integrated into commonly used business applications. Using the eCopy Suite, companies can provide open access to high-speed scanning that connects to the company’s e-mail, document management systems, and other networked enterprise applications for low-cost, easy, instantaneous distribution and management of electronic copies of paper documents. Inc. 500 Selection and Qualifications To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials. The Inc. 500 special issue is available on newsstands through January 2003 and online at www.inc500copies.com. Fast 500 Selection and Qualifications The Fast 500 list is compiled from three sources: Deloitte’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively; and 2002 operating revenues of at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company’s operating revenues or devotes a high percentage of revenue to the research and development of technology.