@Road Tops the List of Forbes 25 Fastest Growing U.S. Technology Companies; @Road Recognized for 281% Five-Year Growth Rate.FREMONT, Calif. -- @Road(R), Inc. (Nasdaq:ARDI ARDI Association Rwandaise pour la Promotion du Développement Intégré (French) ARDI Accounts Receivable Dollar Inventory ARDI Action Rwandaise pour le Developpement Integre ARDI Annually Renewable Disability Income ), a leading provider of mobile resource management (MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ) services, today announced that it ranked number one on the Forbes Midas List The Forbes Midas list is the annual ranking by Forbes Magazine of the best dealmakers in high-tech and life science venture capital.[1] These individuals have proved their mettle by creating wealth through an economic slump. for 2004, a ranking of the 25 fastest growing publicly traded technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . To be eligible for the list, a company must have had at least a 10 percent sales gain in each of the last five years, $25 million in sales and a positive net income over the last 12 months. Additional awards and rankings for @Road during 2004 include: --Frost & Sullivan Mobile Communications Product of the Year 2004 Award for the @Road GeoManager(SM) service. --Deloitte & Touche ranked @Road number 39 on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. --Deloitte & Touche ranked @Road number 16 on the Deloitte 2004 Silicon Valley Fast 50 program. "@Road is honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to be recognized by Forbes as one of the fastest growing publicly traded technology companies," said Krish Panu, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of @Road. "We attribute the phenomenal growth rate over the past five years to our highly scalable service delivery infrastructure, our commitment and dedication to customer service, and our seasoned management team who are focused on delivering our business objectives." To view the list, please visit Forbes.com and link to: http://forbes.com/business/forbes/2005/0214/100.html. About @Road @Road (Nasdaq:ARDI) is a leading provider of mobile resource management (MRM) services, a rapidly growing category of productivity solutions integrating wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , location technologies, hosted software applications, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and the Internet to help companies better manage mobile workers. Any size organization, in any industry or public sector, in which improving the productivity of mobile workers has an impact on revenue, expenses, customer service, and competitive advantage, will benefit from @Road MRM services. Because @Road offers MRM services on a hosted basis, customers avoid expensive and complex software and IT infrastructure investments. Since @Road delivers services on a subscription basis, customers can experience a rapid and measurable return-on-investment. @Road delivers its MRM services to approximately 131,000 mobile workers in North America every day. The company has headquarters in Fremont, CA, and secure networked data centers on both U.S. coasts. For more information, visit the @Road Web site at www.road.com. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These factors, risks and uncertainties include, but are not limited to, the ability of @Road to grow or maintain sales, to continue to earn positive net income, to avoid large legal problems or other open-ended liabilities, or to continue to grow at its historic rates; the ability to develop or accelerate the development of new products and services; the ability of @Road to market new products and; customer acceptance of newly introduced or upgraded products and services; the ability of @Road to develop and protect new technologies; the dependence of @Road on mobile data systems technology, wireless networks, network infrastructure and positioning systems owned and controlled by others, and general economic and political conditions. Further information regarding these and other risks is included in the @Road Report on Form 10-Q Form 10-Q See 10-Q. dated November 8, 2004, Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated March 12, 2004, and in its other filings with the Securities and Exchange Commission. @Road undertakes no obligation to update the forward-looking statements contained in this press release. @Road is a registered trademark of @Road, Inc. The @Road logo is a trademark of @Road, Inc. |
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