NEW YORK, Sept. 12, 2011 (GLOBE NEWSWIRE) --
News Facts:
- Affect ranks 1,666 out of 5,000 privately-held companies, with an industry rank of 157
- Affect achieved three-year sales growth of 162 percent
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Affect is a public relations and social media firm based in New York
NEW YORK, September 12, 2011 -- Inc. magazine today ranked Affect #1,666 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy - America's independent entrepreneurs.
Affect, a New York-based public relations and social media firm specializing in technology, is making its first appearance on the Inc. 500|5000 list. The agency is one of the fastest growing public relations and social media agencies in the country with an Inc. magazine industry rank of 157. Founded in 2002, Affect has achieved consistent growth, highlighted by a 162 percent sales growth over the last three years.
"We are honored to receive this award from Inc. magazine," said Sandra Fathi, president and founder of Affect. "Although growth is important to us as an agency, our people and our commitment to high quality and a standard of excellence in our field of practice takes precedence. We hope to continue our success by focusing on building an outstanding team and helping our clients achieve their goals."
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.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," said Inc. magazine Editor Jane Berentson.
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">www.inc.com/5000.
Multimedia:
AFFECT LOGO
INC 500|5000 LOGO
About Affect
Affect is a public relations and social media firm located in New York. Established in 2002, the company combines strategy, creative and intelligent program development, impeccable execution and exemplary customer service to help its clients achieve their specific business goals. Specializing in technology and communications, Affect has also applied its marketing prowess to consumer goods and professional services. As year-round public relations counsel, or a single project resource, Affect leverages its business acumen and service excellence to achieve the precise results that its clients seek. For more information, web: www.affect.com; blog: www.techaffect.com; Twitter: www.twitter.com/teamaffect.
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.
Methodology
The 2011 Inc. 500|5000 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.
