Premiere Technologies Again Named One of the Fastest Growing Technology Companies in the Deloitte & Touche Technology Fast 500 Program.
PTEK Listed #31 - Ranking Highest for any Georgia
company for Second Straight Year
Premiere Technologies, Inc. (NASDAQ: PTEK) has been named to Deloitte & Touche's prestigious "Fast 500" Program, a ranking of the 500 fastest growing U.S. technology companies, for the second straight year. Rankings are based on a five-year percentage revenue growth from 1994-1998.
Premiere's founder, chairman and CEO Boland T. Jones credits the company's introduction of new Internet services and cross-selling efforts for Premiere's 8,104 percent revenue growth over the past five years. "We're thrilled to again be included in this prestigious list of the fast-growing technology companies," said Jones. "We have enjoyed tremendous success over the past five years due to our innovation and leadership in the enhanced communications market, as well as the commitment of more than 2,000 Premiere associates worldwide. This recognition is a great honor as we move into the next millennium and position ourselves as a leader in Web-enabled communications services."
"To attain a listing on the Fast 500 is no easy feat, and we at Deloitte & Touche congratulate Premiere Technologies for attaining this honor," said Mark Evans, Managing Director, Deloitte & Touche High Technology Industry Group.
Premiere's increase in revenues of 8,104 percent over the five-year period of 1994 to 1998 resulted in a #31 ranking overall in the Technology Fast 500. The average increase in revenues among companies who made the Fast 500 was 4,998 percent.
To qualify for the Fast 500, companies must have had revenues of at least $50,000 in 1994; must be headquartered in the United States; and be "technology companies" defined as a company that produces technology, manufactures a technology product, are technologically intensive, uses technology in problem solving, or devotes a high percentage of effort to research and development of technology. Technology Fast 500 Winners are invited to an exclusive two-day CEO Summit that will be held from May 11-13 2000 at the Ritz Carlton, Amelia Island, Florida. The Summit is designed to address the unique business issues facing these super-charged technology companies.
For more information on the Deloitte & Touche Technology Fast 500 program, visit www.fast500.com
About Premiere Technologies
Atlanta-based Premiere Technologies (NASDAQ: PTEK) provides innovative solutions to simplify communications by combining the power of the Internet with the reach of the telephone. Founded in 1991, Premiere has operations in 32 countries and can be found at www.premtec.com.
Deloitte & Touche, one of the nation's leading professional services firms, provides accounting and auditing, tax, and management consulting services through 23,000 people in offices in over 100 U.S. cities. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in professional services with more than 72,000 people in over 125 countries. -0- Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the `safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere's forward-looking statements, including the following factors: Premiere's ability to manage its growth and to respond to rapid technological change and risk of obsolescence of its products, services and technology; market acceptance of new products and services, including Orchestrate(R); development of effective marketing, pricing and distribution; strategies for new products and services, including Orchestrate(R); competitive pressures among communications services providers may increase significantly; costs or difficulties related to the integration of businesses, if any, acquired or that may be acquired by Premiere may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; the success of Premiere's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation; risks associated with interruption in Premiere's services due to the failure of the platforms and network infrastructure utilized in providing its services; risks associated with the Year 2000 issue, including Year 2000 problems that may arise on the part of third parties which may effect Premiere's operations; risks associated with expansion of Premiere's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which Premiere is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which Premiere is engaged; and changes in the securities markets may negatively impact Premiere.
For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 1998 and in subsequent filings filed with the Securities and Exchange Commission.
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|Date:||Nov 17, 1999|
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