Network
Outsource, Inc.
Named The 7th Fastest Growing Technology Company
on Long Island in 2003
by Deloitte & Touches "Fast 50" Program
New Hyde Park, NY, September 8, 2003
Network Outsource,
Inc. has been named to Deloitte & Touches prestigious "Fast
50"
Program for Long Island for the third consecutive year. Rankings are
based on the percentage
of growth in revenues from 1998-2002 (five-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 client
satisfaction and
streamlined efficiency as the reasons for the companys 500% revenue
growth rate over
the past five years. He said, "We have worked very hard to perform
effectively and efficiently
for our customers. It is a great honor to be singled out by Deloitte
and Touche over the past 3 years. Reaching seventh on their prestigious
list is quite an honor. We will continue to strive for excellence
and we will be back next year."
"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
is a Network Management Provider. The company provides individual schools,
school districts, non for profit agencies and companies in many other
industries a host of products
and services including Server and Desktop Implementation, Network Infrastructure
Installation and Support, IP Telephone System Installation and Support,
Security Analysis and Business Continuity Services, Remote Access, Remote
Monitoring and Remote Management Capabilities, Internet,
WAN and VPN Services, and Network Management Services such as HelpDesk
and
Maintenance support.
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.