VillageEDOCS Ranked 14th on the Deloitte & Touche 2008 Technology Fast 50 List of the Fastest Growing Companies in Orange County
Market Wire, October, 2008
During a congratulatory reception held last Thursday, Oct. 23rd, at The Center Club in Costa Mesa, California, VillageEDOCS, Inc. (OTCBB: VEDO), a Solution as a Service (SaaS) company, which is the largest segment of the Software as a Service (SaaS) market, was ranked 14th on the Deloitte & Touche 2008 Technology Fast 50 list of the fastest growing companies in Orange County, based on a five year growth rate of 653.45 percent. Recognition as a Fast 50 company also qualifies VillageEDOCS for placement within Deloitte's Technology Fast 500 program, which honors the 500 fastest growing North American technology, media, telecommunications, and life sciences companies.
The Orange County Technology Fast 50 annually recognizes the fastest-growing companies within the geographic boundaries of Orange County. Technology Fast 50 companies are ranked based on percentage revenue growth over five years (2003-2007). To qualify, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of their operating revenues. Nominees can be public or private companies, and encompass all technology, media, telecommunications and life sciences industry sectors. "To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years. VillageEDOCS has proven to be one of the fast-growth success stories in Orange County, and we applaud their dedication to making their vision a reality," said Rob Lucenti, Managing Partner, Orange County Practice, Deloitte & Touche LLP.
"We are very proud to be ranked 14th on the Deloitte & Touche 2008 Technology Fast 50 list and I thank each and every one of our employees for making VillageEDOCS one of the leading technology companies in Orange County," stated Mason Conner, President and Chief Executive Officer of VillageEDOCS. "Over the past five years, VillageEDOCS' revenue has grown 653%, and we attribute our success to the technology-driven suite of SaaS Hosted business information delivery services we provide to our more than 1,400 corporate clients. This distinction is a testament to the dedication and hard work of all of our employees who have helped make this achievement possible," he added.
About VillageEDOCS, Inc.
VillageEDOCS, Inc., through its MessageVision subsidiary, is a leading provider of comprehensive business-to-business information delivery services for organizations with mission critical needs, including major corporations, government agencies and non-profit organizations. Through its Tailored Business Systems subsidiary, VillageEDOCS provides accounting and billing solutions for county and local governments. Through its GoSolutions subsidiary, VillageEDOCS provides enhanced voice and data delivery services. Through its Questys Solutions subsidiary, VillageEDOCS provides advanced electronic document/content management and automated data capture solutions to a variety of markets in the U.S. and abroad. For further information, visit our website at www.villageedocs.com .
Cautionary Statement Regarding Forward-Looking Information
All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements made in this press release, including, without limitation, those relating to our belief about benefits the Company has derived, or may derive, from pursuing its acquisitions or from new management personnel or consultants, and our expectations regarding future operating results, including such for the remainder of 2008, are forward-looking statements. These statements, and other forward looking statements in this press release, represent the Company's plans, intentions, expectations and belief and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected or expressed herein. These include, without limitation, the impact of the current economic crisis, and risks associated with acquisitions, such as the inability to assimilate and integrate new operations and retain key personnel, uncertainties in the market, competition, legal, regulatory initiatives, success of marketing efforts, availability, terms and deployment of capital, personnel risks, and other risks detailed in the Company's SEC reports, of which many are beyond the control of the Company. Trading in the Company's common stock is limited, and marketability of the stock is restricted by penny stock regulations and the fact that our common stock is traded on the OTCBB. The Company does not presently qualify, and may never qualify, to be listed or quoted on any exchange or other market. The Company assumes no obligation to update or alter the information in this press release. Investors are cautioned not to put undue reliance on any forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 21E of the Exchange Act.
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