Oops! Far More Growth Companies Have Disaster Recovery Plans Than Pre-Plan To Limit Financial Impact Of Serious Operational Breakdowns, PricewaterhouseCoopers Finds

Business Wire, Jan 6, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 6, 2000

PricewaterhouseCoopers' "Trendsetter Barometer" interviewed

CEOs of 452 product and service companies identified in the media

as the fastest growing U.S. businesses over the last five years. The

surveyed companies range in size from approximately $1 million to

$50 million in revenue/sales.

Like all other businesses, America's fastest growing companies are not immune to serious operational breakdowns or other failures that can affect their ability to function. But although 61 percent favor having a "pre-disaster" program that proactively examines and evaluates threats to their business beyond those covered by insurance, only about half this number have such a program in place. Instead, more than half rely upon a business continuity plan to deal with disaster after it occurs. These are highlights from the latest "Trendsetter Barometer," released today by PricewaterhouseCoopers, the world's largest professional services organization.

For a copy of the complete news release on this topic, including charts, please visit our website: www.barometersurveys.com