Datawave Ranked Amongst Canada's Fastest Growing Companies of 2002.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 29, 2002 DataWave Systems Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :DWVSF) (CDNX CDNX See Canadian Venture Exchange (CDNX). :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. ) has appeared on Profit Guides' ranking, the Profit 100, for the second consecutive year, as one of Canada's 100 fastest growing companies. The annual survey recognizes the fastest growing companies in Canada based on their percentage of growth in revenue over a five-year period. DataWave has posted a 726% growth in revenue over this period 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. Profit Guide. According to the Profit 100's research: "For 14 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time PROFIT 100 has celebrated mind-boggling growth. The 2002 Profit 100 have overcome the dot-com bust, ugly capital markets and a stop-start economy to post average five-year revenue growth of more than 30 times." "Making this list again is a reflection of DataWave's undertaking to develop and adapt our innovative technology to meet the challenges presented by changing economic and market trends", said Josh Emanuel, 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. of DataWave. "We owe our success to the commitment and enthusiasm of our employees, and to the support we have received from our customers and strategic partners." For more Profit 100 information, visit their website at http://www.profitguide.com/profit100/2002. About DataWave (http://www.datawave.ca) DataWave has been an innovator and developer of prepaid and stored-value programs since it was founded in 1994. DataWave pioneered a system that allows for point-of-sale activation of high value, high shrinkage products, such as cash cards and phone cards. The System works equally well over the Internet, through intelligent free-standing vending machines or with various card activation devices, including cash registers. In addition to its successful prepaid phone card programs, the company is currently working with Standard Federal Bank and Coinstar on a three-city pilot with 52 machines, selling Prepaid MasterCard Cards. DataWave Systems Inc. Marc Belsky, CFO See Chief Financial Officer. This news release may include statements that constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. "DataWave" is a registered trademark of the Company. All other trademarks and trade names referred to are the property of their respective owners. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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