SinglePoint Named to Deloitte's 2008 Technology Fast 500 Annual List of the Fastest Growing Companies in North America
Attributes its 361Percent Revenue Growth to Increasing Consumer Interest and Popularity of Mobile Text Message
Bellevue, WA - November 18, 2008 - SinglePoint today announced that it ranked number 376 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. SinglePoint grew 361 percent during this period.
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 over the past five years.
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."
"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate SinglePoint on this significant accomplishment."
In addition to ranking on Deloitte's Technology Fast 500, SinglePoint ranked 20 on the Washington Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Washington State.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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
As used in this document, "Deloitte" means Deloitte LLP and Deloitte Services LP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Media Contacts:
Philippe Poutonnet
Director of Marketing, SinglePoint
+1 425-638-4529
ppoutonnet@singlepoint.com
Jessica Heine
Deloitte
415-783-5007
jheine@deloitte.com
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.