CharterAuction.com Named as Deloitte & Touche Rising Star in Technology Fast 50 Program for New England.Business Editors QUINCY, Mass.--(BUSINESS WIRE)--July 29, 2003 CharterAuction.com, setting a new price-driven standard in private jet charter services, today announced that it has been named a Rising Star in Deloitte & Touche's Technology Fast 50 Program for New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . The Rising Star Award is a special designation for companies that have been in business for four years. It is part of Deloitte & Touche's New England Technology Fast 50 Program ranking the 50 fastest growing technology companies in Massachusetts, Maine, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Vermont and Connecticut. Rankings are based on the percentage of growth in fiscal year revenues over three years (200 to 2002). "In an era when technology companies come and go, making the Deloitte& Touche Technology Fast 50 Rising Star is a testament to a company's vision that allows growth over three years," said Stephen J. DiPietro, co-chair of the 20002 New England Technology Fast 50 and partner in Deloitte & Touche's Technology, Media and Telecommunications practice. "CharterAuction.com's leadership has the right stuff for growth and Deloitte & Touche salutes its accomplishments." "We are honored to be recognized by Deloitte & Touche for our strong performance," said Nate McKelvey, 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 CharterAuction.com. "This is another important vote of confidence in our business strategy and operational model." The Way CharterAuction.com Works Through its proprietary online technology, CharterAuction.com is in constant contact with its network of more than 700 of today's top FAA certified jet charter operators and with its jet charter customers. Customers can post online or call-in their trip date, time and destination information. The trip information is instantaneously posted online to CharterAuction.com's entire network of jet charter operators. The operators submit online bids on the cost of the trip. Customers can watch live, online, as operators compete for the business and the price of the trip goes down. Prices go down because CharterAuction.com's online network helps operators make more efficient use of their planes and enables fast, easy access to more trip opportunities. The CharterAuction.com team is available to customers 24 hours a day, seven days a week and requires only two hours notice to arrange a flight. They not only provide customers with perspective on the differences among a variety of types of aircraft, but also offer information on operator safety ratings, regional airport conditions and aviation market trends to help customers analyze options and evaluate bids. Additionally, they guide customers through their jet charter decisions to assure they arrive on time and on budget. Among members of the team, there is over 50 years of aviation industry experience. Typically, customers can save 30-40 percent on one way fares (empty legs) and 15 percent on many round trip flights using CharterAuction.com's exclusive online network. Prices quoted are all-inclusive including landing fees, fuel surcharge, crew overnights, and Federal taxes. Deloitte & Touche's Technology Fast 50 Rising Star Program To qualify for the Technology Fast 50 Rising Star program, companies must have had operating venues of at least $50,000 in 2000 and $1,000,000 in 2002, must be public or private companies headquartered 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. and be a technology company defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way doe not qualify) and/or devoting a significant proportion of revenues to research and development of technology. Rising Stars are automatically entered into Deloitte & Touche's Technology Fast 500 Program's Rising Star category. The Deloitte & Touche Fast 500 Program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (1998-2002). Its Rising Star ranking is based on revenue growth over three years (200-2002). For more information on the Deloitte & Touche Technology Fast 50 or Fast 500 programs, visit www.fast500.com. About CharterAuction.com Established in 1999 CharterAuction.com is headquartered in Quincy, Massachusetts Quincy is a city in Norfolk County, Massachusetts. It bears the nicknames "The City of Presidents," "City of Legends," "Birthplace of the American Dream."[1] A major part of Metropolitan Boston, Quincy is a member of Boston's Inner Core Committee for the Metropolitan and has additional offices in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). . Its mission is to provide the safest, highest-quality, private jet service at the most competitive prices, using its own exclusive, online technology. The company is revolutionizing the dynamics of the private air taxi air taxi n. A small aircraft that makes short local flights to areas not serviced by regular airlines. marketplace by making price a driving factor in a market never before driven by price. CharterAuction.com provides point-to-point, private jet charter travel services anywhere in the world, at anytime and offers additional services including gourmet catering and door-to-door destination services on its chartered flights. Working in an industry that includes fractional competitors such as NetJets (Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. , NYSE NYSE See: New York Stock Exchange : BRK BRK Break BRK Broken (meteorological, cloud cover) BRK Bayerisches Rotes Kreuz (Bavarian Red Cross) BRK Berkshire Hathaway (stock symbol) BRK Brick .A and BRK.B) and Flight Options (Raytheon NYSE: RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ) the company was established to provide affordable private air charter travel services to business travelers and offer guaranteed competitive charter flight prices to travel agents and corporate flight departments. For more information, please visit the web site at www.charterauction.com. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, provides assurance and advisory, tax, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. . Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. |
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