AdminServer Named to Inc. Magazine's Inc. 500 for Third Consecutive Year; Continuing their ascent to #110, AdminServer solidifies its position as one of America's fastest growing private companies.CHESTER, Pa. -- AdminServer, Inc. is pleased to announce that for the third consecutive year they have been named to Inc. Magazine's list of America's fastest growing privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . After earning the #203 (2004) and #135 (2005) spots in prior Inc. 500 rankings, AdminServer has continued its upward momentum coming in this year at the #110 spot with an impressive three-year growth of 857.2%. Chris Doggett, AdminServer's cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found , commented, "Boo-yah! We are proud to make the list and we are especially proud to have improved our ranking yet again. Our entire team is excited about this three-peat win and everyone is already hard at work to improve AdminServer's ranking again for 2007." AdminServer's unwavering commitment to develop and deliver next generation insurance software solutions focusing on superior quality, functionality and flexibility are major contributing factors to the company's continued success. Rick Connors, AdminServer's 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. added, "Our clients' continued support and commitment to AdminServer inspires us to strive for and achieve continuous improvement year-over-year. Our company will continue raising the bar higher to deliver the best products and services, customized to each of our client's unique needs. This Inc. 500 honor is one that we are very proud to receive and we look forward to building on again next year." The 2006 Inc. 500 list is the first to include businesses that started up immediately before and after September 11, 2001 - including 20 companies in the top 50 and many other companies that had to raise capital after the dot-com bubble Refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. burst. With new job creation in the U.S. coming predominantly from entrepreneurial businesses, it should come as no surprise that this year's Inc. 500 companies have been engines of job growth, creating more than 90,000 jobs since they were founded. "If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition." To be eligible for this year's Inc. 500, companies had to be U.S-based, independent and privately held through their fiscal year 2005, and have had at least $600,000 in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in the base year of 2002. Companies are ranked on cumulative three-year sales growth from 2002 through 2005. Inc. verifies all information using tax forms and audited financial statements from certified public accountants Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and by conducting interviews with company officials. About Inc. Magazine Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness brash 1 adj. brash·er, brash·est 1. a. Hasty and unthinking; impetuous. b. Rash. 2. Lacking in sensitivity or tact. 3. Presumptuously forward; impudent. , and imagination. About AdminServer, Inc. AdminServer, Inc. is a premier solutions provider for the insurance community. AdminServer has been delivering administrative system solutions, web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , and consulting since 1998. AdminServer continues to specialize in annuities, life insurance, 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. . Currently AdminServer offers the only annuity, health, life insurance, and reinsurance administration system designed specifically as a web application employing J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. and .NET strategies and technologies. Additionally, AdminServer has expanded their product offerings to include UVServer (unit value management and fund accounting), IllustrationServer (point of sale illustrations), NewBusinessServer (new business and underwriting) and DistributionServer (license and appointment and commissions). 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. |
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