LONDON, Oct. 17, 2002 (PRIMEZONE) -- Global benefits consulting firm Black Mountain has been named one of America's entrepreneurial growth leaders by Inc magazine, which has just released its 2002 Inc 500 ranking of the fastest-growing private companies in the USA.
Black Mountain has achieved some 518% growth in the past five years, with estimated sales of U.S. $18.1 million in 2002. It is a leading outsourcing adviser and services provider in the global human resources sector, committed to:
-- exceptional service and outstanding results for its clients
-- balancing human interaction with its use of innovative
technology
-- leveraging local knowledge and expertise to meet the global
needs of its customers
As a leading outsourcing adviser and innovative provider in the global human resources sector, Black Mountain Group provides international advice, assistance and support to world-class clients and their employees in more than 90 locations around the world, coordinated from its business in London, New York, Singapore, Tokyo, Hong Kong and Zurich. The company is committed to supporting our clients whenever and wherever they need exceptional HR solutions.
Black Mountain View(tm), the company's global employee self-service application, can be deployed in Europe, America and Asia Pacific. It provides employees with critical enrolment and employee communication services in an efficient, employee-friendly manner.
"I'm so proud of what our employees have accomplished," said Stephen Medici, founder and CEO. "As we've grown from a family of ten to a worldwide company of 120 people, we have been able to maintain our focus. We have been fortunate to be able to grow with our clients and we appreciate the trust they have shown in us."
"We are talking to local and global corporations who want to focus on innovative HR resourcing solutions and find the right business partner to deliver results during these difficult times," explained Graham Jarvis, vice president of sales and marketing.
Stephen Medici added: "Fundamentally, our success is based on taking the time to understand our clients' business needs, and providing exceptional, not just good, client service. A position that is central to Black Mountain's business model and day-to-day business operations."
About the Inc 500
Started in 1982, the Inc 500 ranks America'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 resilience 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 U.S. $24,976,000 to U.S. $24,706,000. More than two-thirds (73%) of 2002 Inc 500 companies are profitable. Despite the technology bust, "Computer Software & Services" remains the leading industry category, representing nearly 40% of 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 that smart strategies can succeed even in the toughest times."
Inc, the premier magazine for growing companies, may be accessed online at www.inc.com.
Notes:
1) Black Mountain International (2000) Limited (Registered No. 3950216) is part of the Black Mountain Group. It currently has offices in London, New York, Singapore, Tokyo, Hong Kong, and Zurich. Black Mountain has established a reputation for innovative HR and benefit consultancy. It is responsible for developing Black Mountain View, a leading online employee benefits tool that enables employees to view their personal pay and pension data and make changes online.
2) Information on the complete range of services offered, please contact:
Graham Jarvis Telephone: 01737 852331 Email: graham.jarvis@blackmountaingroup.com Or, consult our web-site at www.blackmountaingroup.com