Science & Technology
Science and Technology
Science and Technology
Fri, October 2, 2009
Thu, October 1, 2009 PNI Digital Media Inc.: PNI Digital Media Ranked the 13th Fastest Growing Technology Company in Canada in the Deloitte Technolo
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) - PNI Digital Media (TSX VENTURE:PN)(OTCBB:PNDMF), ("PNI" or the "Company"), the leading innovator in enabling personalized products at retail, announced that it is ranked among the Deloitte Technology Fast 50TM, a ranking of the 50 fastest growing technology companies in Canada, based on the percentage of revenue growth over five years. PNI's increase in revenues of 2134% from 2004 to 2008 resulted in a 13th ranking.
For over 12 years, the Deloitte Technology Fast 50TM program has tracked the successful growth of Canadian-grown global leaders. Now Canada's pre-eminent technology award program, the Deloitte Technology Fast 50TM augments the broader Deloitte North American Technology Fast 500 initiative, with winners automatically eligible for this elite ranking.
"Canadian technology companies have demonstrated some very impressive growth numbers over the past year, amid the challenges of a global recession," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "PNI Digital Media is an example of the determination, drive and skill that will serve to position them for further growth and success as the economic recovery takes hold."
PNI Digital Media's CEO, Kyle Hall, credits the dedication of the PNI team and the strength and adaptability of the PNI Digital Media platform with the company's 2134% revenue growth. Hall said, "Our highly talented team has consistently delivered leading edge services on behalf of our large retail partners. We now operate on six continents and are expanding the range of personalized products we enable for our retail partners."
To qualify for the Deloitte Technology Fast 50TM ranking, companies must have been in business for at least five years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, and conduct research and development activities in Canada. A panel of industry experts evaluate and judge companies based on four key criteria: competitive advantage; size, growth, and market attractiveness; management effectiveness and organization; and financial performance.
About the Deloitte Technology Fast 50TM - The Deloitte Technology Fast 50TM program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50TM Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50TM candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15TM Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit [ www.fast50.ca ].
About PNI Digital Media- The world's top retailers rely on PNI Digital Media to offer personalized products such as photo prints, photo books and gifts, personalized stationary and business cards for pick-up in as little as one hour. PNI Digital Media successfully generates millions of transactions each year for retailers and their thousands of locations worldwide. Follow us on Twitter®: @PNI_Kyle and @PNI_Yasmin
For more information please visit [ www.pnimedia.com ].
The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. PNI Digital Media's actual results could differ materially for those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in technology, employee retention, inability to deliver on contracts, failure of customers to continue marketing the online solution, competition, general economic conditions, foreign exchange and other risks detailed in the Company's annual report and other filings. Additional information related to the Company can be found on SEDAR at [ www.sedar.com ] and on the SEC'S website at [ www.sec.gov/edgar.shtml ]. The information contained herein is subject to change without notice. PNI Digital Media shall not be liable for technical or editorial errors or omissions contained herein.
PNI Digital Media relies upon litigation protection for "forward-looking" statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained in this release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
