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Rivermine Ranked as Virginia's Eighth Fastest Growing Technology Company in Deloitte's Technology Fast 50.


Over 1500 Percent Revenue Growth Attributed to Dramatic Enterprise and Government Telecom Cost Savings Generated by Rivermine's Solutions

FAIRFAX, Va. -- Rivermine, a leading provider of automated telecom expense management (TEM TEM

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) solutions, has been named for the second year in a row to Deloitte's prestigious Technology Fast 50 Program for Virginia, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state. Deloitte & Touche USA LLP LLP - Lower Layer Protocol , 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.  organizations, based the rankings on the percentage revenue growth over five years from 2001-2005.

"Rivermine is very proud to be recognized by Deloitte for the second year in a row," said Mark Logan, 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 Rivermine. "Our dramatic growth is propelled by our constant focus on delivering software and services which uncover tremendous telecom cost savings for our customers." Rivermine's increase in revenues of over 1500 percent from 2001-2005 resulted in an eighth overall ranking in the Technology Fast 50 for Virginia.

"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Rivermine for making the commitment to technology and delivering on the promise of market longevity," said Andrew Harrs, Deloitte's Southeast TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there  RIL RIL Recombinant Inbred Lines
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 Regional Managing Partner. "We are proud to honor Rivermine as a Deloitte Technology Fast 50 winner."

The Virginia Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 and UK Trade & Investment, in association with media sponsors PR Newswire This article or section is written like an .
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 and Washington SmartCEO Magazine.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be 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 company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Rivermine

Rivermine is a leading provider of solutions that enable organizations to gain visibility into, and control over, their telecom spend. Rivermine's software and managed services have saved many Fortune 1000 companies and large government agencies millions of dollars per year. These market-leading Telecom Expense Management (TEM) solutions automate the entire telecom lifecycle including contract sourcing, procurement, provisioning, inventory management, and invoice processing/auditing. For more information, visit http://www.rivermine.com.

About Deloitte

Deloitte refers to one or more 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. , a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), 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 names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte 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
 LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 2, 2006
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