Press Release - For Immediate Release
Electronic Payments Named Inc. Magazine's 81st Fastest Growing Private Company in America
Calverton, New York - August 20, 2008 - Leading payment processor Electronic Payments announced today the honor of being named to Inc. Magazine's prestigious Inc. 500 list of America's fastest growing private businesses.
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Michael Nardy, founder and CEO of Electronic Payments, commented, I'm excited to be part of such a renowned group of companies, both past and present. I see the history of public companies that have previously made the Inc. 500 list such as Oracle and Microsoft as well as several of my contemporaries and industry peers. It's exciting to be part of this list.
In addition to being ranked 81st overall on the entire Inc. 500/5000 list, Electronic Payments is ranked 8th in the category of Financial Services and also 8th in the New York-Northern New Jersey-Long Island (NY-NJ-PA) regions.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
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About Electronic Payments
With “Innovation through every transaction™”, Electronic Payments has distinguished itself as one of the fastest growing and highly regarded privately held payment and transaction processing companies in the United States. Electronic Payments currently serves businesses in all industry types and acquires new businesses through a network of agent banks, sales agents and independent sales offices (ISOs). Visit www.electronicpayments.com for additional information or visit www.bankcardprogram.com to learn more about our ISO and MLS programs.