Message #12 From:
Stock News Bot Date: October 6, 2005 02:30:00 AM
LINN News LION, Inc. Named One of Washington's 50 Fastest Growing Technology Companies
SEATTLE--(BUSINESS WIRE)--Oct. 6, 2005--LION, Inc. (OTCBB:LINN), a leading provider of online lead generation and mortgage technology solutions, today announced that it has been named to Deloitte & Touche's prestigious 2005 Technology Fast 50 Program for the state of Washington. This marks the second consecutive year that LION has been recognized amongst the state's fastest growing technology companies. Rankings are based on percentage revenue growth over the five-year period from 2000-2004. The Fast 50 winners will be featured in the October 2005 issue of Washington CEO magazine.
"We are pleased to be recognized as one of Washington's Technology Fast 50 growth companies," stated Randall D. Miles, Chairman & CEO of LION, Inc. "The 148% growth in revenue reported by LION over the 5 year measurement period placed us at number 29 in this year's rankings, up from number 35 last year. LION has built an industry leading Internet-based lead generation and mortgage solutions platform that connects the approximately 1 million unique visitors that access our Mortgage101.com consumer Internet portal every month with our large network of mortgage industry professionals and institutions that access LION's proprietary mortgage loan product and pricing database, one of the most powerful in the industry, in addition to leveraging our robust productivity tools and technology to serve the needs of their customers.
"We continue to implement the strategies and initiatives necessary to ensure that we attain our strategic growth objectives, including expansion of our Mortgage 101 lead generation business, development of new products and solutions for mortgage professionals and broadening our Capital Markets customer base."
"Sustaining high revenue growth through five years is an exceptional accomplishment. We commend LION, Inc. for making the commitment to technology and delivering on the promise of market longevity," said Larry Hile, a partner in Deloitte's Seattle office. "We are proud to honor LION as a Deloitte Technology Fast 50 winner. LION's leadership team has the right stuff for growth, and Deloitte salutes their accomplishments."
To qualify for the Fast 50, companies can be public or private headquartered in Washington State, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.
Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered into the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast50.com.
About LION Inc.
LION, Inc. is a leading online mortgage lead generation company that also provides advanced business solutions that streamline the mortgage origination and fulfillment process in the over $2 trillion mortgage industry. From Leads to Loans to Capital Markets, LION, Inc. offers consistent, seamless business solutions to consumers, mortgage brokers, realtors, originators and lenders. LION, Inc. provides an integrated technology platform offering online loan productivity, mortgage pipeline hedging and risk management, software development and data communications tools. Through its subsidiary, Tuttle Risk Management Services LLC, LION, Inc. provides hands-on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market. LION maintains offices in Washington, California and Colorado and has been named by Deloitte & Touche LLP as one of the 50 fastest growing technology companies in the state of Washington for 2004 and 2005. For more information, please visit www.lioninc.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
