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AdminServer Named to ICIC-Inc. Magazine Inner City 100 for Second Consecutive Year.


ICIC's ninth annual report ranks AdminServer #9 among America's fastest growing inner city companies

CHESTER, Pa. -- AdminServer, Inc. announced today that it has been recognized in the 2007 ICIC-Inc. Magazine Inner City 100 list of the fastest growing inner-city companies in America. Ranking #9 on the list, this is the second consecutive year that AdminServer has been recognized, ranking #13 in 2006. A ranking created by the Initiative for a Competitive Inner City (ICIC ICIC Initiative for a Competitive Inner City
ICIC International Cancer Information Center
ICIC I See, I See
ICIC International Council for Internet Communications
ICIC Interexchange Carrier Industry Committee
ICIC Intercalibrations-Intercomparisons
) and Inc. Magazine, the predominant pre·dom·i·nant  
adj.
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.

2.
 trait trait (trat)
1. any genetically determined characteristic; also, the condition prevailing in the heterozygous state of a recessive disorder, as the sickle cell trait.

2. a distinctive behavior pattern.
 of the 2007 Inner City 100 is extraordinary growth.

"We are thrilled thrill  
v. thrilled, thrill·ing, thrills

v.tr.
1. To cause to feel a sudden intense sensation; excite greatly.

2. To give great pleasure to; delight. See Synonyms at enrapture.
 with being named to the Inner City 100 for the second straight year and proud of our ability to move up in the rankings," said Rick Connors, AdminServer President & 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. . "After being named #13 last year, we continued to build on our accomplishments and carefully manage our growth, paving the way for this jump into the top ten! The wealth and diversity of talent in the Philadelphia area are key to our efforts as we look forward to continuing our company's growth for years to come."

Now in its ninth year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. For the 2007 list, over 4,500 new nominations were received. The 2007 Inner City 100 winners grew at a compound annual growth rate of 49 percent and an average rate of 535 percent between 2001 and 2005. Collectively, the top 100 inner city businesses have employed nearly 19,000 people and created 12,000 new jobs over the past five years; both of these figures are the highest in the program's history and show signs of continued growth.

Seventy-six percent of companies expect steady growth, 15 percent expect their revenues to double, 5 percent expect their revenues to triple, and a mere 2 percent expect their revenues to decline in 2007. Individually, the average Inner City 100 company's revenues were $39 million - the largest average revenues in the history of the Inner City 100 program.

"An ability to recognize growth and build upon it is the trait that most distinguishes the 2007 Inner City 100 winners," says Dorothy Terrell, president and CEO of ICIC. "These companies have identified profitable market niches that few others have seen. They have run successful regional, national and even global businesses from inner city locations because of their savvy growth orientation, and have translated their tremendous growth into more jobs, income, and wealth for inner city residents. Inner City 100 2007 is truly the year of Recognizing Growth."

The record number of new nominations received this year was largely due to the Inner City 100 National Program Sponsor Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  and Staples staples

U-shaped stainless steel or vitallium units with sharp points used for surgical fixation.


epiphyseal staples
used to staple epiphysis to metaphysis; have metal bracing at the corners.
 and nominating partners such as the National Association of Manufacturers, the SBA SBA
abbr.
Small Business Administration

Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government
 and the U.S. Conference of Mayors. For more information about the 2007 Inner City 100 list contact Deirdre Coyle at 617 292-2363 ext. 242. The list can be found at www.icic.org

About AdminServer, Inc.

AdminServer, Inc. is a premier solutions provider for the insurance community, delivering administrative system solutions, services, and consulting since 1998. Currently AdminServer offers the only life, annuity annuity: see insurance.
annuity

Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities.
, health, and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  administration system designed specifically as a web application employing Java and .NET strategies and technologies. Additionally, AdminServer has expanded its product offerings to include UVServer (unit value management and fund accounting), IllustrationServer (point of sale illustrations) and NewBusinessServer (new business and underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
), creating AdminServer's Virtual Back Office (VBO VBO Vertex Buffer Object
VBO Vested Benefit Obligation (pension valuation)
VBO Valence Band Offset (semiconductor property)
VBO Vertical Burnout
VBO Vakgebiedsbibliothecarissenoverleg
VBO Virtual Battery Operation
). The Virtual Back Office solutions utilize a common rules engine and calculation architecture guaranteeing accuracy and speed to market.

To learn more about AdminServer products and services, call 610-619-3100, e-mail info@adminserver.com, or visit the website at www.AdminServer.com.

About the Inner City 100

To qualify for the Inner City 100 list, companies were required to have at least 51 percent of their operations located in an economically distressed urban area; have at least 10 full-time employees; and have a five-year operating sales history that includes at least six months of sales in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. The specific rankings were based on total revenue growth over the five-year period. An economically distressed urban area is defined by ICIC as having a 50 percent higher unemployment level, 50 percent higher poverty level, and 50 percent lower median income than the metropolitan statistical area.

About the Initiative for a Competitive Inner City

The Initiative for a Competitive Inner City (ICIC) is a national not-for-profit organization founded in 1994 by Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.  professor Michael E. Porter. ICIC's mission is to promote economic prosperity in America's inner cities through private sector engagement that leads to jobs, income and wealth creation for local residents. ICIC brings together business and civic leaders to drive innovation and action, transform thinking and accelerate inner city business growth and investment.

About Inc.

Inc is the leading magazine written for the men and women who own and manage small-to-mid-sized, fast-growing companies. Published 12 times a year, Inc helps its 1.5 million readers by providing expert advice and practical solutions as they face the opportunities, pitfalls, and rewards of growing a company. www.inc.com, the Web site for growing companies, was named Best Online Magazine by Folio (1) Text management software for the professional reference publishing market from Fast Search & Transfer, Oslo, Norway and Boston, MA (www.fastsearch.com). Known as FAST Folio since its acquisition in 2004 from NextPage, Inc.  and Best Overall New Publication (all media) by the Computer Press Association.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 11, 2007
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