Wilmington, NC, Aug. 24, 2011 (GLOBE NEWSWIRE) -- Wilmington, NC - August 24, 2011 - Global Test Supply announced today it received a ranking of No. 1715 on the fifth annual Inc. 5000. For the second consecutive year, the company has earned recognition on this prestigious list of the nation's fastest-growing private companies. Global Test Supply’s strong growth trajectory continued upward with a 60% increase in sales over the preceding year, and a three-year sales growth of 156%. The B2B web-and-mortar business has achieved success through its innovative business management technology, aggressive SEO strategies, and emphasis on customer service.
Global Test Supply sells, purchases, and leases test and measurement equipment, electronic production supplies, safety products, and process control solutions. Serving 17,000 customers in 89 countries, their product portfolio represents 300 manufacturers in 440 categories. The company was founded six years ago, and has notably demonstrated it is possible to operate a profitable, web-based enterprise during recessionary times.
In the past year, the company made broader moves to maintain their growth trend, such as expanding their footprint into the safety market, offering products such as arc flash clothing, harnesses, ear protection and more. Their product offering increased by 25% in the same time period, rising to over 25,000 products from top brand-name manufacturers including FLIR, Extech, Reed Instruments, 3M, Fluke, Lecroy, Megger, and more. Behind the scenes, Global Test Supply tooled up their SEO marketing to launch retargeting campaigns, and initiated a large expansion of link building activities. Later in 2011, customers will also find a newly redesigned website enabling them to search product categories by specifications.
"We are very honored to be recognized by Inc. Magazine for the second straight year," states Tracey Robert, GTS Marketing Director. "Our small company ‘agility’ and proprietary CRM system provide a powerful backbone for business expansion. From implementing SEO strategies to executing marketing programs, we can adapt to changing business conditions, uncover new opportunities, and rapidly implement new product lines. Our technical sales team works hard to exceed customer expectations by providing a traditional brick and mortar sales experience on a web-based platform. We have built a high level of customer loyalty since our inception six years ago, and it shows in our numbers across the board."
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About Global Test Supply
Founded in 2004, Global Test Supply is a world-class provider of instrumentation for test and measurement applications, electronic production, and process control. Global Test Supply conveniently accepts orders both online and offline. Their in-house specialists help customers choose the most advanced equipment in the marketplace based on their needs and budget. For more information, visit the Global Test Supply web site at www.GlobalTestSupply.com, or call 1-888-610-7664.
-- 30 --
CONTACTS:
Press Contact: Belinda Jones, HiTech Marketing, belinda.jones@hitechmarketing.com, 860-399-1147
Marketing Contact: Tracey Robert, Global Test Supply, trobert@globaltestsupply.com, 888-610-7664
Link to press release: http://www.globaltestsupply.com/pressRelease.cfm?pr_id=10