Toronto Board of Trade and Profit Magazine Name Onvia.com Hottest Startup in Canada.Business Editors, High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 28, 2000 The Toronto Board of Trade The Toronto Board of Trade is Toronto's chamber of commerce, the largest local chamber of commerce in Canada, representing more than 10,000 business and individual members with about 500,000 employees across Canada and annual revenues of more than $200 billion (Canadian dollars). and Profit Magazine announced today that Onvia.com Inc. (Nasdaq:ONVI), the leading business-to-business exchange for small business buyers and sellers, ranked first on the list of Canada's Hottest Startups in its first ever ranking of Canadian Internet companies. Fifty dot coms were rated 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. the following major criteria: growth in sales; geographic diversity; partnerships; financing; and ability to overcome adversity. Onvia's revenue growth from 1997 to 1999 was 12,841 percent. The average of the top 50 firms was 1,706 percent. "We are thrilled to have been chosen as the Web's top player in Canada by two such prestigious organizations as the Toronto Board of Trade and Profit Magazine," said Glenn Ballman, 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. and founder of Onvia.com. "This announcement serves as a strong validation of Onvia's business model and a recognition of our leadership position in the small business space." Ballman founded Onvia from his home in Vancouver four years ago and has since expanded to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In 1999, the company raised $71.5 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) in funding and completed a successful Initial Public Offering on March 1, 2000, totaling $234 million (USD). With three recent acquisitions, the company now has over 500 employees in Canada and the US and has partnerships with more than 30 major Canadian and US small business associations. As part of the announcement, Onvia will be featured in the September issue of Profit Magazine, which ranks the top 50 new-growth leaders and showcases the innovative minds behind Canada's leading fast growth enterprises. "A growing number of loyal, repeat customers tells us we are doing well," said Gary Meehan, President of Onvia.com Canada. "This prestigious award further reiterates Onvia's successes in the Canadian marketplace by comparing us with other firms. We are very pleased with the ranking." The primary source of candidates was a ballot published in the April, May and June issues of Profit Magazine and a call for ballots issued over the International Teledata Group newswire. The ballot also ran in Canadian Business Canadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933. magazine. Additional nominations were collected through e-newsletters from Export Development Corp., Microsoft Canada, Channel Business magazine, Young Entrepreneurs Association, the Information Technology Association of Canada Information Technology Association of Canada (or Association canadienne de la technolgie de l'information) is a lobby group representing members (companies) of Canada's information and communications technologies (ICT) industry. , and PROFITguide.com, as well as direct mail to public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and venture-capital firms across the country. Entries were ranked by two-year sales growth. For more information on all of Canada's Hottest Start-ups visit www.profitguide.com/hottest. About Onvia.com Onvia.com Canada is headquartered in Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , with its corporate headquarters in Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. . Onvia is the leading business-to-business exchange for small business buyers and sellers, helping small businesses succeed by aggregating demand and providing an exchange where small businesses can buy and sell services and products, exchange valuable news, product and service information and access free business forms, worksheets, and productivity tools. For more information, contact Onvia Canada: 948 Homer St, Suite 330, Vancouver BC, V6B 2W7. Tel: 604/647-1400. Contact Onvia USA: 1260 Mercer St, Seattle, WA, 98109. Phone: 206/352-4100. Web: www.onvia.com. About the Toronto Board of Trade The Toronto Board of Trade was founded in 1845 by members of the business community. Early Days at The Toronto Board of Trade provides a few excerpts from Standford, GH, "To serve the community: the story of Toronto's Board of Trade" published 1974. The Toronto Board of Trade is guided by a Board of Directors and is Canada's largest local chamber of commerce providing over 10,000 members with the tools to build their business success. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion