[December 01, 2004] Prestigious 'Inc. 500' Adds Communication Technologies, Inc., to List of Fastest-Growing Privately Held Companies in U.S. CHANTILLY, Va., Dec. 1 /PRNewswire/ -- Communication Technologies, Inc. (COMTek), a leading-edge telecommunications and information systems company that is the dominant U.S. firm in deployment of broadband over powerline (BPL) technology, today announced that the company has been recognized for the first time by Inc. magazine as one of the 500 fastest-growing privately held companies in the United States. The COMTek success story made the company a natural for inclusion on the latest "Inc. 500" list. COMTek's total growth, as measured by average annual sales revenues, was up 303 percent from 1999 to 2003 and its employee growth has more than doubled during 2002. "We are pleased and honored to be included in this prestigious group of the fastest-rising companies in the United States," said COMTek President and CEO Joseph E. Fergus. "This is a real validation for us -- a symbol of our commitment to excellence. It will help to fortify our leadership position in the industry." Fergus founded COMTek after a nine-year tenure at AT&T Bell Laboratories, where he helped develop technologies such as Signaling System Number 7 (SS7), ISDN and Intelligent Networks. This experience and expertise gave him the tools necessary to pursue his dreams and launch COMTek. Fergus explained: "We are firmly committed to building the best company in America and this gratifying recognition by Inc. magazine is another important step in that direction." The closely watched "Inc. 500" list is Inc. magazine's annual ranking of the fastest-growing privately held companies in the United States. The highlighted enterprises encompass a wide range of sectors from telecommunications and IT to consumer products and financial services, and are widely considered to be the pulse of the United States economy. Microsoft, Timberland, Oracle, The Sharper Image, E*Trade and Domino's Pizza are just a few of the corporate superstars that once graced the Inc. 500 list of up and coming firms. About COMTek Communication Technologies, Inc. (COMTek) is a leading-edge telecommunications and information systems technology company. COMTek's core capabilities center on providing worldwide broadband network service, the complete lifecycle of systems integration and training. COMTek is considered the industry leader in the commercial deployment of broadband over powerline (BPL) technology in the United States. For more information, please visit http://www.comtechnologies.com/. Communication Technologies, Inc. CONTACT: Ginny McAdams of Communication Technologies, Inc.,+1-703-961-2116; or Ailis Aaron, +1-703-917-9336, [email protected],for COMTek Web site: http://www.comtechnologies.com/ [ Back To TMCnet.com's Homepage ]