Cortex Pharmaceuticals, Inc. Tops Deloitte & Touche Orange County Technology Fast 50 Ranking of Fastest-Growing Technology Companies, With 4,848 Percent Growth Over Five Years.Business Editors COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--Oct. 8, 2003 Cortex Pharmaceuticals, Inc. tops the list of the fastest growing technology companies in the Orange County area as recognized by Deloitte, 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, at an awards event held October 7 at The Sutton Place Hotel Sutton Place Hotel is a collection of luxury hotels located in Canada and United States, owned and managed by The Sutton Place Grande Hotels Group with office in Vancouver, BC. Properties currently located in: Vancouver, BC; Toronto, ONT; Edmonton, AB; and Chicago, IL. . Called the "Orange County Technology Fast 50," the annual award program ranks by revenue growth for technology companies located in the Orange County area. Cortex Pharmaceuticals, Inc. engages in the discovery, development and commercialization of a novel technology called AMPAKINE(R) compounds, which already have shown proof-of-principal efficacy in human clinical trials. These compounds enhance memory and cognition cognition Act or process of knowing. Cognition includes every mental process that may be described as an experience of knowing (including perceiving, recognizing, conceiving, and reasoning), as distinguished from an experience of feeling or of willing. and impact disorders ranging from early childhood such as autism autism (ô`tĭzəm), developmental disability resulting from a neurological disorder that affects the normal functioning of the brain. It is characterized by the abnormal development of communication skills, social skills, and reasoning. , fragile X syndrome Fragile X Syndrome Definition Fragile X syndrome is the most common form of inherited mental retardation. Individuals with this condition have developmental delay, variable levels of mental retardation, and behavioral and emotional difficulties. and Attention Deficit Hyperactivity Disorder attention deficit hyperactivity disorder (ADHD), formerly called hyperkinesis or minimal brain dysfunction, a chronic, neurologically based syndrome characterized by any or all of three types of behavior: hyperactivity, distractibility, and impulsivity. to age associated memory impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. disorders as seen in older populations, such as Alzheimer's disease Alzheimer's disease (ăls`hī'mərz, ôls–), degenerative disease of nerve cells in the cerebral cortex that leads to atrophy of the brain and senile dementia. and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. . Cortex Pharmaceuticals, Inc. was the top-ranked Fast 50 company with a five-year revenue growth rate of 4,848 percent. "To succeed during prosperous times is one thing; to succeed in adversity ad·ver·si·ty n. pl. ad·ver·si·ties 1. A state of hardship or affliction; misfortune. 2. A calamitous event. is much more challenging, and that's exactly what Deloitte's Technology Fast 50 winners have done," said Fred Poska, partner, Technology, Media, & Telecommunications (TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there ) Group, Deloitte & Touche, Orange County. "We applaud these companies for their tremendous accomplishments during economically challenging times, and for being one of the elite Fast 50 companies in the Orange County area." Winners are selected based on the percentage of growth in revenues from 1998 to 2002. To be considered, Fast 50 entrants must have met the following criteria: Have revenues of at least $50,000 in 1998 and at least $1,000,000 in 2002. Be public or private companies, headquartered in the Orange County area. Subsidiaries and divisions are not eligible, unless they have some public ownership and are separately traded. Be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. The 2003 Orange County Technology Fast 50 company ranking is as follows:
Rank Company City 5 Yr. Ticker Exchange
%
Growth
1 Cortex Pharmaceuticals, Inc. Irvine 4848% COR AMEX
2 Universal Space Network, Inc. Newport 3602% Private N/A
Beach
3 Cardiac Science, Inc. Irvine 3382% DFIB NASDAQ
4 The TriZetto Group, Inc. Newport 2220% TZIX NASDAQ
Beach
5 BIOLASE Technology, Inc. San 1761% BLTI NASDAQ
Clemente
6 TransDimension, Inc. Irvine 842% Private N/A
7 I/O Magic Corporation Irvine 821% IOMG OTC
8 Quest Software, Inc. Irvine 635% QSFT NASDAQ
9 Ribapharm Inc. Costa 634% Private N/A
Mesa
10 HireRight, Inc. Irvine 561% Private N/A
11 Linksys Irvine 556% Private N/A
12 Broadcom Corporation Irvine 433% BRCM NASDAQ
13 Mission Controls Automation, Costa 355% Private N/A
Inc. Mesa
14 Telenetics Corporation Lake 352% TLNT OTC
Forest
15 Emulex Corporation Costa 328% ELX NYSE
Mesa
16 QLogic Corporation Aliso 323% QLGC NASDAQ
Viejo
17 Primal Solutions, Inc. Irvine 320% PSOL OTC
18 Powerwave Technologies, Inc. Santa Ana 284% PWAV NASDAQ
19 TCI Solutions, Inc. Irvine 245% Private N/A
20 Autobytel Inc. Irvine 239% ABTL NASDAQ
21 Micro Therapeutics, Inc. Irvine 198% MTIX NASDAQ
22 Syagen Technology, Inc. Tustin 182% Private N/A
23 MSC.Software Corporation Santa Ana 174% MNS NYSE
24 SICOR Inc. Irvine 155% SCRI NASDAQ
25 Raining Data Corporation Irvine 151% RDTA NASDAQ
26 Island Pacific, Inc. Irvine 139% IPI AMEX
(formerly SVI Solutions, Inc.)
27 Ceradyne, Inc. Costa 133% CRDN NASDAQ
Mesa
28 DPAC Technologies Corp. Garden 127% DPAC NASDAQ
Grove
29 ICU Medical, Inc. San 120% ICUI NASDAQ
Clemente
30 Oakley, Inc. Foothill 111% OO NYSE
Ranch
31 Lantronix, Inc. Irvine 104% LTRX NASDAQ
32 netGuru, Inc. Yorba 97% NGRU NASDAQ
Linda
33 Interpore Cross International, Irvine 95% BONZ NASDAQ
Inc.
34 Allergan, Inc. Irvine 90% AGN NYSE
35 SSP Solutions, Inc. Irvine 89% SSPX NASDAQ
36 Dynatem, Inc. Mission 73% DYTM OTC
Viejo
37 COMARCO, Inc. Irvine 72% CMRO NASDAQ
38 Sonance San 69% Private N/A
Clemente
39 Irvine Sensors Corp. Costa 65% IRSN NASDAQ
Mesa
40 I-Flow Corporation Lake 62% IFLO NASDAQ
Forest
41 Meade Instruments Corp. Irvine 58% MEAD NASDAQ
42 American Vanguard Corporation Newport 50% AVD AMEX
Beach
43 Epicor Software Corporation Irvine 46% EPIC NASDAQ
44 SimpleTech, Inc. Santa Ana 44% STEC NASDAQ
45 DDi Corp. Anaheim 42% DDIC OTC
46 Quality Systems, Inc. Irvine 41% QSII NASDAQ
47 SI Technologies, Inc. Tustin 37% SISI NASDAQ
48 Microsemi Corporation Irvine 29% MSCC NASDAQ
49 Sybron Dental Specialties, Inc. Orange 24% SYD NYSE
50 Newport Corporation Irvine 22% NEWP NASDAQ
A special category called "Rising Stars" recognizes additional fast-growing technology companies based on revenue growth over three years (2000-2002). This year's rising star is eBuilt, Inc., based in Costa Mesa, with a growth rate of 29%. The Deloitte & Touche Fast 50 program is sponsored by Comerica, Focus Creative, Lee Hecht Harrison, McDermott & Bull, 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. , Stradling Yocca Carlson & Rauth, The T Sector, and in association with AeA, Promotions by Design, and Software Council of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . About Deloitte Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and affiliated entities. Deloitte is the US member firm 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 A Swiss Verein ("Verein" is German for "Union") is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality. Most Swiss NGOs resp. (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us. |
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