Navtrak Inc. Ranked #19 in Deloitte's Technology Fast 50 Program for Maryland
Attributes Employee Passion and Focus To Its 316% Revenue Growth
Salisbury, MD, September 25, 2008 — Navtrak Inc. (www.navtrak.net), has been named to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003–2007.
Navtrak Inc.'s CEO Ron Hodges credits employee passion and a focus on solving small-business issues with the company's 316-percent revenue growth from 2003–2007. Mr. Hodges adds, “Working for a fast growth company is not for the weak at heart. It is a very dynamic environment and change is the norm. Our employees show a tremendous amount of passion in an often stressful environment. They are continually adapting to change while holding firm to our companies’ core values and beliefs.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Maryland, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the nine regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Navtrak Inc.
Navtrak, Inc., located in Salisbury, MD, is an industry leader in providing GPS vehicle tracking systems, fleet productivity solutions and vehicle tracking devices for businesses with mobile workforces. Founded in 1999 and serving thousands of customers across the country, Navtrak is committed to Driving Business Productivity™ with valuable, real-time fleet tracking, reporting and communication tools that improve efficiency and enhance customer service. For more information, please contact Navtrak at 800-787-2337 or online at www.navtrak.net.
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PR Contact: Rod Whisner, Navtrak, Inc., 800-787-2337, Rod.Whisner@Navtrak.net