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GLOBAL DOMAINS INTERNATIONAL RANKS #37 ON THIS YEAR'S INC 500 LIST
OF FASTEST GROWING PRIVATE COMPANIES
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Global
Domains International, Inc., (www.WebSite.ws)
based in Carlsbad, CA, has been named one of America's entrepreneurial
growth leaders by Inc magazine, which today released its 2002
Inc 500 ranking of the nation's fastest-growing private companies.
The ranking will appear in the magazine's special Inc 500
issue, which hits newsstands on October 15.
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Global Domains International
achieved 3479% growth in the past five years, ranking #37 on the
list of 500 fastest growing companies in the United States, #5 in
California, and #2 in San Diego with sales growing from $261,000
in 1997 to $9,341,000 in 2001.
GDI (www.WebSite.ws)
offers the global solution to registering Internet addresses with
the .ws "web site" top-level domain extension for business
and personal web sites. The company is committed to offering an
easy and affordable solution to registering useful and memorable
Internet addresses. Registrants of .ws "web site" domains
include individuals, small businesses and major corporations throughout
the world in over 180 countries and include such notable companies
as Yahoo (NASDAQ: YHOO), Intel (NASDAQ: INTC), Cisco Systems, Inc.
(NASDAQ: CSCO) and AT&T (NYSE: T).
Growth
in the .ws "web site" domain namespace is stronger on
a percentage basis than .com domain names and is poised to become
an international standard for Internet addresses globally.
"It
is exciting and gratifying to be included in Inc magazine's extremely
prestigious ranking," said Michael Reed, GDI's Co-Founder and
CEO. "It shows the spectacular results that may be achieved
through focus and teamwork. Earning the number 37 spot out of the
500 fastest growing companies in the USA is a fantastic achievement
for us."
Started
in 1982, the Inc 500 ranks the nation's leading entrepreneurial
firms according to sales growth over the previous five years. Former
Inc 500 companies that have gone on to become household names include
Microsoft, Timberland, Domino's Pizza and Patagonia.
The 2002
Inc 500 reveals a surprising resiliency within the entrepreneurial
sector, where leading companies are continuing to show dramatic
rates of growth despite the recession.
The average
five-year growth rate of this year's Inc 500 companies is 1,521%.
While that is less than the 1,933% average for companies on last
year's list, it is nonetheless dramatic in the current environment.
Average 2001 sales for the Inc 500 dropped only slightly, from $24,976,000.
More than two-thirds (73%) of the 2002 Inc 500 companies are profitable.
Despite the technology bust, "Computer Software & Services"
remains the leading industry category, representing nearly 40% of
the firms on the list.
"This
is the first Inc 500 ranking to reflect the full impact of the recession,"
said Inc editor John Koten. "Yet these entrepreneurs are managing
to confound the naysayers and move ahead despite the obstacles.
They're showing the smart strategies can succeed even in the toughest
of times."
To be
eligible for this year's Inc 500, companies had to be independent
and privately held through their fiscal year 2001, have at least
$200,000 in sales in the base year of 1997, and their 2001 sales
had to have exceeded 2000 sales. Holding companies, regulated banks
and utilities are not eligible. Inc verifies all information using
tax forms and financial statements from certified public accountants
and by conducting interviews with company officials. Inc, the premier
magazine for growing companies, may be accessed online at www.inc.com.
WebSite.ws
is a registered trademark of Global Domains International, Inc.,
a privately held corporation.
Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of Work-at-Home-Business.com and/or its partners.
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