BEVERLY HILLS, Calif., Aug. 5, 2003 (PRIMEZONE) -- For the fourth year, Motek has been named to Deloitte & Touche's prestigious "Technology Fast 50" Program for the Los Angeles area, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues during the five-year period from 1998-2002.
Motek's President and CEO Ann Price credits Motek's corporate culture and software product development philosophy with the company's fast growth over the past five years. "Our ability to help companies grow with reduced supply chain operating costs has never been more important," says Price.
To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.
Gary Dickey, Partner in the Technology, Media & Telecommunications Group at Deloitte & Touche's Los Angeles office says, "To succeed during prosperous times is one thing; to succeed in adversity is much more challenging, and that's exactly what the Deloitte & Touche Technology Fast 50 winners have done. We applaud Motek for its tremendous accomplishments during economically challenging times and for being one of the elite Fast 50 companies in the Los Angeles area."
Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies.
About Motek
Since 1991, Motek has developed a Microsoft Windows(r)-based warehouse management solution to help businesses streamline their warehousing and distribution operations. Motek was the first to develop a radio-frequency-enabled warehouse management system on a PC, the first on Windows NT(r), the first on Windows 2000, and the first with real-time labor standards. Motek continues its commitment to innovation and technical excellence through its focus on a single solution that is configured to solve the operational requirements of both low transaction warehouses and high-volume, high SKU distribution centers alike. Information on Motek is available at www.motek.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides advisory, tax and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touch Tohmatsu is a Swiss Verein, and each national practice is a separate and independent legal entity. Information on Deloitte & Touche is available at www.deloitte.com/us.
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