SinglePoint Ranked Number 20 in Deloitte's Technology Fast 50 Program for Washington State
Attributes Increasing Consumer Interest and Popularity of Mobile Text Message Alerts to its 361 Percent Revenue Growth
Bellevue, WA - September 26, 2008 - SinglePoint has been named to Deloitte's prestigious Technology Fast 50 program for Washington State, which ranks the 50 fastest growing technology, media, telecommunications, and life sciences companies in the state. Rankings are based on the percentage revenue growth over five years from 2003-2007.
SinglePoint's CEO Rich Begert credits growing consumer interest in receiving text alerts on topics they care about and brands' interest in building consumer loyalty via mobile phone campaigns with the Company's 361 percent revenue growth from 2003-2007. Begert said, "SinglePoint's highly scalable technology successfully sends millions of text messages for interactive TV shows and for standalone nationwide text message alert campaigns to opted-in, engaged consumers through partnerships with all U.S. mobile phone carriers, including Sprint, AT&T, Verizon, and T-Mobile. And our latest solution, SingleBrand, enables the insertion of targeted advertising into these millions of text messages for more revenue-generating opportunities."
"Sustaining high revenue growth over five years is an exceptional accomplishment," said Larry Hile, Managing Partner in Deloitte's Technology, Media & Telecommunications (TMT) and Health & Life Sciences Washington State practice. "We commend SinglePoint for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor SinglePoint on Deloitte's Technology Fast 50."
SinglePoint's increase in revenues of 361 percent from 2003 to 2007 resulted in a ranking of 20 in the Technology Fast 50 for Washington State. The average increase in revenues among companies who made the Technology Fast 50 for this region was 818 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com.
About SinglePoint™
SinglePoint provides media interactivity and mobile advertising to a total audience of more than 260 million North American wireless subscribers. Powering 84% of television to mobile interactivity in North American today with over 60 million television-driven iTV transactions processed in the last six months, SinglePoint works in partnership with entertainment, media companies, brand managers, advertising agencies and mobile networks. Current media partners include Viacom (VH1, MTV, CMT, BET), NBC Universal (Bravo, Oxygen, SciFi, CNBC, MSNBC, Telemundo, USA Network), CBS Corp., The CW, and Fox Networks. SinglePoint offers a full suite of services that make it fast and easy to create, launch and manage mobile driven interactive TV campaigns and standalone nationwide campaigns. The full suite of offered services include TV/Web/radio voting and polling, text2screen, text and multimedia message ad insertion, advertising video overlay, ticketing/coupons, video streaming and download, billing, reporting and analytics. Investors include Ignition Partners, Intel Capital, Madrona Venture Group, Northwest Venture Associates, Rally Capital LLC, and SeaPoint Ventures. For more information, visit singlepoint.com.
About Deloitte
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Media Contacts:
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This press release contains forward-looking statements by Wireless Services and its executives regarding the market for products and services like ours, the demand for our products, and the performance of our senior management in achieving our goals. The words and expressions "look forward to," "will," "expect," "plan," "believe," "seek," and similar expressions are intended to identify Wireless Services' forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors' technologies to address customer demands, changes in economic and market conditions, unplanned system interruptions and capacity constraints, software and service design defects.