Press Release
| October 15, 2004
CHATSWORTH, CA – Micro
Solutions Enterprises today announced that it ranked Number
419 on the 2003 Deloitte Technology Fast 500, a ranking
of the 500 fastest growing technology companies in North
America. Rankings are based on average percentage revenue
growth over five years, from 1998-2002. MSE grew 419 percent
during this period.
"Making the Deloitte Technology Fast 500 is a testament
to a company's commitment to technology," said Mark A.
Evans, national managing partner of Deloitte's Technology,
Media & Telecommunications Group. "With its 419% growth
rate over five years, MSE has proven that its leadership
has the vision and determination to grow in difficult
conditions."
Avi Wazana, CEO of MSE stated, "We are honored to accept
this prestigious award for our commitment to technology.
For ten years, we have focused on innovation and proprietary
technologies to manufacture high quality, reliable products.
In the past several years we have expanded the use of
our Patented Ultrasonic Welding and Laser Cutting Technologies
and we utilize technology wherever possible because it
gives us the advantage to compete. Every year, we spend
more on Research and Technology than any other department."
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional
North American Fast 50 programs, nominations submitted
directly to the Fast 500, and public company database
research. To qualify for the Fast 500, entrants must have
had 1998 operating revenues of at least $50,000 USD and
$75,000 CD for the United States and Canada, respectively;
and 2002 operating revenues must be at least $1 million
USD or CD. Deloitte researchers examined financial statements
to validate operating revenues.
Entrants must also be public or private companies headquartered
in North America and must be a "technology company," defined
as a company that owns proprietary technology 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 in a unique way does not qualify.
About Deloitte
Deloitte, one of the nation's leading professional services
firms, provides audit, tax, financial advisory services
and consulting through nearly 30,000 people in more than
80 U.S. cities. The firm is dedicated to helping its clients
and its people excel. Known as an employer of choice for
innovative human resources programs, Deloitte has been
recognized as one of the "100 Best Companies to Work For
in America" by Fortune magazine for six consecutive years.
"Deloitte" refers to Deloitte & Touche LLP and affiliated
entities. Deloitte is the US member firm of Deloitte Touche
Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association),
and, as such, 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 name
"Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu"
or other related names. The services described herein
are provided by the US member firm and not by the Deloitte
Touche Tohmatsu Verein. For more information, please visit
Deloitte's web site at www.deloitte.com/us.
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