AmeriQuest Named to Inc. 500 List of America's Fastest Growing Private Companies.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 15, 2003 AmeriQuest(R) Transportation and Logistics Resources Corp was listed in the 22nd annual Inc. 500 ranking of the fastest-growing private companies in the country by Inc. Magazine, the premier publication for small and medium-sized businesses, today. Cherry Hill Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. , NJ-based AmeriQuest, a leading provider of services to the fleet management industry, was ranked No. 284, with a five-year sales growth of 624%. "The AmeriQuest team is proud of our growth record, and we are now working hard to surpass it in the coming years by delivering new and valuable services to our users," said Doug Clark, 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. of AmeriQuest. "We are constantly developing new programs to bolster our relationships with vendors and customers alike in an effort to make the supply chain more efficient." The Inc. 500 ranks privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci indicator of the companies and industries that are driving the economy forward. "The entrepreneurs you'll find on the Inc. 500 have the type of attitude we need to get this economy moving again," said Inc. editor-in-chief John Koten. "For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition." To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and 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., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. About AmeriQuest(R) Transportation and Logistics Resources Corp. AmeriQuest(R) Transportation and Logistics Resources Corp. is a privately held, national leader in transportation and logistics services for the fleet management industry. Operating from more than 450 locations and representing the direct purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of more than 230,000 trucks and several hundred fleets, AmeriQuest, through a patented business process, arranges preferred pricing and fulfillment with leading suppliers, delivering substantial savings to the industry. AmeriQuest is also the exclusive provider of procurement and transportation related services for its strategic partners, such as FoodFleetXchange (in partnership with Food Marketing Institute, Food Marketing Institute's Wholesale Division and American Wholesale Marketers Association) and CarrierFleetXchange, and through the knowledge and content portal FleetXchange.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . AmeriQuest Premier Partners include CITGO Petroleum Corp., Continental Tire N.A., Yale Lift Trucks, Bandag, Inc., Sterling Truck Corp., Freightliner Trucks, Morgan Corp., Cummins, GMC GMC See: Guaranteed Mortgage Certificate , Imperial and Fleetguard. Additional information is available at www.ameriquestcorp.com. |
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