Network
Outsource, Inc.
Named -One of Long Islands Fastest Growing Technology Companies
in 2002 by
Deloitte & Touches "Fast 50" Program for Second
Straight Year
New Hyde Park, NY, August 28, 2002
Network Outsource, Inc. has been named to Deloitte & Touches
prestigious "Fast 50" Program for Long Island for the second
consecutive year, a ranking of the 50 fastest growing technology
companies
in the area. Rankings are based on the percentage of growth in revenues
from
1998-2002 (six-year period). These companies, which impact a broad spectrum
of industries, are defying conventional wisdom by consistently expanding
their revenues over a substantial period
of time.
Network Outsources CEO, Adam Mahoney credits an emphasis on customer
service as the reason
for the companys 500% revenue growth rate over the past five years.
He said, "Our focus on
customer satisfaction has been the catalyst for our growth. It gives
us great satisfaction to make this prestigious list two years in a row.
This tells us that we are doing something right.
This award is a great tribute to our employees hard work over
the past five years."
"Through the Fast 50 program, Deloitte & Touche has been following
the growth of Long Islands technology industry for six years,"
said Adam Weisman, Long Island Office Managing Partner. "As competition
remains tough for these companies, Network Outsource has proven to sustain
its business and we are happy to support their efforts by recognizing
their achievements and continued growth."
Network Outsource increased revenues 500% over the six-year period of
1998-2002. The average increase in revenues among companies who made
the Fast 50 for this region was approximately 105%
To qualify for the Fast 50, companies must have had operating revenues
of at least $50,000 in 1998 and $1,000,000 in 2002, must be a public
or private technology company headquartered on Long Island. The Fast
50 defines a "technology company" as a business that produces
technology, manufacturers a technology product, or devotes a high percentage
of effort to research and development of technology.
Winners of the 22 regional Fast 50 programs in the United States and
Canada are automatically entered in the Deloitte & Touche Fast 500
program, which ranks the nations top 500 fastest growing technology
companies. For more information on the Deloitte & Touche Fast 50
or Fast 500 programs, visit www.fast500.com.
About Network Outsource, Inc.
Network Outsource, Inc. is a full-service technology integration firm.
The Company provides small businesses and educational clients with a
host of computer, network, and telecommunication
services, including: Local Area Networking, Wide Area Networking, Network
and Telecommunication Cabling, Virtual Private Networking, Software
Customization, Network Installation and Configuration, Service and Maintenance
Contracts, High Speed Internet Access, Telephone System Installation
and Maintenance, and Computer Consulting. For more information visit
the web site at www.networkoutsource.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nations leading professional
services firms, provides assurance
and advisory, tax, and management consulting services through nearly
30,000 people in more than
100 U.S. cities. The firm is dedicated to helping its clients and its
people excel. Known as an
employer of choice for its innovative human resources programs, Deloitte
& Touche has been recognized as one of the "100 Best Companies
to Work For in America" by Fortune magazine for four consecutive
years. For more information visit Deloitte & Touchs web site
at
www.us.deloitte.com.
About Deloitte & Touches Technology & Communications Group
The Technology & Communications Group is composed of services of
service professionals who
have a wealth of experience serving technology and communications companies
throughout the
world in areas including Internet, software, semiconductors, cable,
media and publishing, communication utilities, networking, wireless,
computers and peripherals, and related industries.
These specialists understand the challenges that technology and communications
companies face throughout all stages of their business growth cycle
and are committed to helping them succeed. Deloitte & Touche is
a leader in providing strategic, financial, operational, and information
technology assistance to its technology and communications clients.