Message #28 From:
Stock News Bot Date: October 2, 2006 06:20:00 AM
AVSO News Avatech Solutions Makes Deloitte Fast 50 Technology List
BALTIMORE--(BUSINESS WIRE)--Avatech Solutions, Inc. (OTCBB:AVSO.OB), the nationwide technology
experts for design, engineering, and facilities management, announced
today that it has been named one of Deloitte’s
prestigious Technology Fast 50 companies.
A ranking of the 50 fastest growing technology companies in Maryland and
Virginia, the Technology Fast 50 award is based on percentage revenue
growth over the five years between 2001 and 2005.
“As Avatech continues to drive business value
for our customers year after year, we are also creating real investor
value,” said Avatech CEO Scotty Walsh. “This
award acknowledges top-line revenue growth, which is an excellent
measure of success. I want to point out that not only are we rapidly
growing top-line revenues, but we have also been realizing increased
profitability.”
“To rank on Deloitte’s
Technology Fast 50, companies must have phenomenal revenue growth over
five years,” said Andrew Harris, Southeast
Regional Managing Partner at Deloitte. “Avatech
Solutions has proven to be one of the fastest growth success stories in
Maryland and we applaud their dedication to making their vision a
reality.”
Deloitte automatically enters winners of the Fast 50 in the national
Fast 500 program, which ranks the top 500 fastest growing technology
companies in North America.
“We are honored to be recognized by Deloitte
and the Technology Fast 50 sponsors for our strong performance.
Well-defined revenue goals moving forward guide our strategy for
continued success," said Jim Hindman, Chair of the Board at Avatech. “I
want to congratulate our superb management team for executing on its
vision and for the strategy over the last five years that led to winning
this spot in the Deloitte Fast 50.”
About Avatech Solutions
Avatech Solutions, Inc. (OTCBB: AVSO.OB) is a nationwide design
automation and technology services company providing innovative
solutions that enable clients to more effectively design, develop, and
manage projects, products, and facilities. Avatech experts give
customers a competitive advantage through technology consulting,
implementation, integration, training and support services exclusively
for the design, engineering, and facilities management industries.
Headquartered in Owings Mills, Maryland, Avatech is one of the largest
integrators of Autodesk software worldwide and a leading provider of PLM
solutions. Customers include industry leaders from the Fortune 500 and
Engineering News Record's Top 100 companies. Visit http://www.avatech.com
for more information.
This press release contains forward-looking statements about the
expectations, beliefs, plans, intentions, and strategies of Avatech
Solutions, Inc. There are a number of important factors that could cause
actual results to differ materially from those anticipated by any
forward-looking information. A description of risks and uncertainties
attendant to Avatech and its industry, and other factors that could
affect the Company's financial results, are included in its Securities
and Exchange Commission filings, including, but not limited to, the
annual report on Form 10-K for the fiscal year ending June 30, 2006 and
other Securities and Exchange Commission filings. Investors and
shareholders may obtain a free copy of the documents filed by Avatech
Solutions, Inc. with the Commission at the Commission's web site at www.sec.gov.
All brand names, product names, or trademarks belong to their respective
holders.
