OmniComm Ranked Number 286 Among the Fastest Growing Companies in North America on Deloitte's 2012 Technology Fast 500(TM)
FORT LAUDERDALE, Fla., Dec 4, 2012 (GlobeNewswire via COMTEX) --
OmniComm (OTCBB:OMCM) today announced it ranked # 286 on Deloitte's Technology Fast 500(TM), a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. OmniComm grew 265 percent during this period.
OmniComm Systems, Inc.'s chief executive officer, Cornelis Wit, credits the company culture that exists throughout all OmniComm international offices in the USA and Europe, and the innovative new product enhancements that distinguish their product lines from their competitors, with the company's 265% revenue growth. He said, "A complete commitment to serve the needs of our clients and to adapt to changing regulations and industry climate proves to be the way to have a steady and controlled growth," said Mr. Wit. "It is an honor to be ranked on the Technology Fast 500 again for the 5th time in the last 7 years."
"We are proud to honor the 2012 Technology Fast 500(TM) companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of OmniComm for this impressive accomplishment."
OmniComm has been recognized by Deloitte's Technology Fast 500(TM) for growth 5 times in the past 7 years, previously ranking number 253 as a Technology Fast 500(TM) award winner for 2011, as well as number 445 in 2010, number 284 in 2009, and number 140 in 2005.
Overall, 2012 Technology Fast 500(TM) companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte's 2012 Technology Fast 500(TM)
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies -- both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
OmniComm Systems, Inc. (www.OmniComm.com) provides customer-driven Internet solutions to pharmaceutical, biotechnology, and medical device organizations that conduct life changing clinical trial research. OmniComm's growing base of satisfied customers is a direct result of the company's commitment to deliver products and services that ensure ease of use, faster study build, ease of integration and better performance. OmniComm Systems, Inc. has U.S. headquarters in Fort Lauderdale, FL and European headquarters in Bonn, Germany, with satellite offices in New Jersey and the United Kingdom, as well as sales offices throughout the U.S. and Europe.
The OmniComm Systems Inc. logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=13414
Safe Harbor Disclaimer
Statements made by OmniComm included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the Company's ability to obtain new contracts and accurately estimate net revenues due to uncertain regulatory guidance, variability in size, scope and duration of projects, and internal issues at the sponsoring client, integration of acquisitions, competitive factors, technological development, and market demand. As a result, actual results may differ materially from any financial outlooks stated herein. Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: OmniComm Systems Inc.
CONTACT: Bev Hudson
OmniComm Systems, Inc.
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