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Going public: hunger for growth lures Red Robin to market.

Michael Snyder is asked if he relinquished some control when he took Red Robin Gourmet Burgers public in July of 2002.

[ILLUSTRATION OMITTED]

"Oh, God, I never had control," says the CEO of Red Robin with a laugh.

"The people inside our restaurants are the ones who are controlling this company."

Red Robin, a Greenwood Village-based casual dining chain, was founded in 1969 in Seattle. The enterprise consisted of only one restaurant when Snyder and his brother bought a franchise in 1979. Snyder bought out the franchiser in the mid-90s.

Since then the chain has grown to 102 company owned restaurants in 12 states and 97 additional restaurants operating under franchise or licensing agreements in 19 states and Canada. But Snyder saw much more growth potential and needed money to make it happen. The initial public offering raised $48 million to fuel that growth. The company plans to open 18 more restaurants this year.

"We have such a growth opportunity here," Snyder says. "Chili's has over 800 restaurants, Applebee's is over 1,500 restaurants. We have 200. And we have very high average unit-volumes and very high profitability and a great culture of passion and compassion for what we do. There's just so much opportunity to grow, and we needed growth capital. So I opted for the public route to fund our growth."

Red Robin ranks 43rd on this year's ColoradoBiz Public 250 list of Colorado companies, with revenues of $274.4 million in 2002, a 22.2 percent increase over the previous year. The company reported net income of $8.3 million last year. The list is ranked by 2002 revenues as reported to the U.S. Securities and Exchange Commission.

[ILLUSTRATION OMITTED]

Overall, 2002 was a tough year for Colorado-based public companies, as 80 out of the top 150 reported net losses. The top revenue producer among Colorado public companies in 2002 was the beleaguered Qwest Communications, with unaudited sales of $15.5 billion. The company also racked up a net loss of $35.9 billion.

The top growth company in Colorado for 2002 was Golden-based HealtheTech. The supplier of handheld medical devices and software had sales of $13.5 million, a 400 percent increase over the previous year, although it still suffered a net loss of $16.8 million.

Strictly based on revenues, Colorado-based public companies fared better in 2002 than the previous year, with the top 150 companies amassing total revenues of $87.4 billion, a 19 percent improvement over 2001.

Snyder, 52, comes from a family steeped in the tradition of the food-service business. In 1929 his grandfather launched a small wholesale bakery in Yakima, Wash., and later Snyder's father and uncle joined the business. They built it into one of the largest privately owned wholesale bakeries in the Pacific Northwest.

Snyder suggests he struck out on his own because he wasn't in line to take over the family business any time soon.

"My dad was only 20 years older than I," Snyder says. "I had to get out and kind of do my own thing. And that's when I approached that one person who had that one Red Robin in Seattle. My brother and I became the original franchisee in 1979, and my dad funded it."

Even the ebullient Snyder admits that mid-2002 wasn't the most favorable time to go public. During a grueling week-and-a-half-long road show, when he met with eight to 10 institutions and portfolio managers each day, he watched the stock market spiral downward.

[ILLUSTRATION OMITTED]

"Gosh, one of the most difficult public-offering times in this century, I think," Snyder says. "I think we were the only company that went public that week. The market dropped, oh gosh, hundreds and hundreds and hundreds of points from the start of our road show to the completion of our deal. And when it came down to 'Are we going to do it or not?' at the end of our road show, we were 2 1/2 times oversubscribed at the price level that we came out at. So the final decision was, 'Do we have the money we need to execute our growth plan?' And the answer was yes. So we said, 'Let's go.'"

Snyder, who told the Red Robin story dozens of times during his pre-IPO road show, says it is an easy story to tell: a low-tech, no-fancy-moving-parts business taking care of guests with gourmet burgers in a fun atmosphere--a segment he says Red Robin virtually owns, although Chili's, Applebee's and TGI Fridays might have something to say about that.

"And we make money," Snyder says. "That's always kind of a novel approach."

Hard to argue with that. As the Red Robin radio commercial goes, "If loving a burger is wrong, you don't want to be right."
THE COLORADOBIZ PUBLIC 250

TOP 150 COLORADO-BASED COMPANIES

COBIZ
2003
RANK* COMPANY NAME TICKER BUSINESS DESCRIPTION

 1 Qwest Communications Q Telecommunications
 International Inc.
 2 First Data Corp. FDC Financial services
 3 Transmontaigne Inc. TMG Refined petroleum,
 pipelines
 4 Echostar Communications DISH Cable and pay television
 Corp.
 5 Ball Corp. BLL Aerospace, metal cans
 6 (Adolph) Coors Co. RKY Brewery, beverages
 7 Level 3 Communications LVLT Fiber-optic network
 Inc.
 8 Great West Life & GWL Insurance
 Annuity Insurance Co.
 9 Newmont Mining Corp., NEM Mining
 10 Western Gas Resources WGR Natural gas transmission,
 Inc. distribution
 11 MDC Holdings Inc. MDC Home builder
 12 Regal Entertainment RGC Motion picture exhibitor
 Group
 13 Liberty Media Corp. (1) L Cable TV programming
 14 Storage Technology STK Computer storage devices
 Corp.
 15 Mail-Well Inc. MWL Envelopes
 16 UnitedGlobalCom Inc. UCOMA Cable television
 17 Apartment Investment & AIV Real estate trust
 Management Inc.
 (AIMCO)
 18 Archstone-Smith Trust ASN Real estate trust
 19 Graphic Packaging GPK Packaging
 International Corp.
 20 Gart Sports Co.(2) GRTS Sporting goods stores
 21 Teletech Holdings Inc. TTEC Business services
 22 Wild Oats Markets Inc. OATS Grocery stores
 23 J.D. Edwards & Co. JDEC Software manufacturer
 24 StarTek Inc. SRT Business services
 25 Samsonite Corp. SAMC.OB Luggage
 26 Ultimate Electronics ULTE Retail electronics
 (Soundtrack)
 27 Time Warner Telecom TWTC Telecommunications
 Inc.
 28 Prologis Trust PLD Real estate trust
 29 Vail Resorts Inc. MTN Resort operator
 30 CSG Systems Intl. Inc. CSGS Software
 31 Ciber Inc. CBR Computer services
 32 Forest Oil Corp. FST Oil and natural gas
 production
 33 Katy Industries Inc. KT Electronic Industries Inc.
 34 Frontier Airlines Inc. FRNT Airline
 35 Coram Healthcare Corp. CRHEQ.OB Home health-care services
 36 ICG Communications (3) ICGC.OB Telecommunications
 37 Westport Resources WRC Petroleum and natural gas
 Corp.
 38 Navigant International FLYR Business travel
 Inc.
 39 Titanium Metals Corp. TIE Metal products
 40 Coorstek (4) CRTK Manufacturing
 41 McData Corp. MCDTA Computer storage switches
 42 Westmoreland Coal Co. WLB Coal mining
 43 Red Robin Gourmet RRGB Restaurant chain
 Burgers Inc.
 44 Chateau Communities CPJ Real estate trust
 Inc.
 45 Advanced Energy AEIS Manufacturing
 Industries Inc.
 46 Tom Brown Inc. TMBR Oil and natural gas
 47 Penford Corp. PENX Grain mill products
 48 Patina Oil & Gas Corp. POG Oil, natural gas
 production
 49 St. Mary Land & MARY Oil and natural gas
 Exploration Co. production
 50 Horizon Organic HCOW Dairy
 Holdings Corp.
 51 Markwest Hydrocarbon MWP Oil-field services
 Inc.
 52 Crown Media Holdings CRWN Cable and pay television
 Inc.
 53 Champps Entertainment CMPP Restaurants
 Inc.
 54 American Coin AMCN Coin-operated machines
 Merchandising Inc.
 55 Applied Films Corp. AFCO Electronic components
 56 Exabyte Corp. EXBT Computer storage devices
 57 Air Methods Corp. AIRM Air transport
 58 Evergreen Resources EVG Petroleum and natural gas
 Inc.
 59 Gaiam Inc. GAIA Natural products
 60 Intrado Inc. (5) TRDO 911 support systems
 61 Colorado Medtech Inc. CMED Medical equipment
 62 Quovadx (6) QVDX Business integration
 software
 63 Factual Data Corp. FDCC Information retrieval
 services
 64 SpectraLink Corp. SLNK Wireless systems
 65 Raindance RNDC Telecommunications
 Communications (7)
 66 Hauser Inc. HAUS.OB Pharmaceuticals
 67 ACT Teleconferencing ACTT Telecommunications
 Inc.
 68 New Frontier Media Inc. NOOF Adult entertainment
 distribution
 69 Concepts Direct Inc. CDIR Mail order service
 70 Heska Corp. HSKA Pharmaceutical
 preparations
 71 Ramtron International RMTR Semiconductors
 Corp.
 72 Carrier Access Corp. CACS Telecommunications
 73 Matrix Bancorp Inc. (8) MTXC Bank holding company
 74 Dynamic Materials Corp. BOOM Metal heat-treating
 75 Rogue Wave Software RWAV Pre-packaged software
 Inc.
 76 Fischer Imaging Corp. (9) FIMG X-ray and related
 equipment
 77 Allied Motion Technologies AMOT Motion Control Products
 Inc. (10)
 78 CoBiz Inc. (11) COBZ Bank holding company
 79 Golden Star Resources Ltd. GSRSF.OB Mining
 80 Koala Corp. KARE Manufacturing
 81 Array Biopharma Inc. ARRY Biotechnology and drugs
 82 NaPro Biotherapeutics NPRO Biotechnology and drugs
 83 Century Casinos Inc. CNTY Casino developer, operator
 84 SAN Holdings Inc. SANZ.OB Data storage management
 85 Prima Energy Corp. PENG Petroleum and natural gas
 86 HIA Inc. HIAI.OB Farm equipment
 87 Birner Dental Management BDMSD.BE Dental services (Perfect
 Services Inc. Teeth)
 88 Inland Resources Inc. INLN.OB Oil and gas development/
 prodution
 89 Spectranetics Corp. SPNC Electro medical equipment
 90 Metretek Technologies Inc. MTEK Energy measurement
 91 Atrix Labs Inc. ATRX Biotechnology and drugs
 92 Vail Banks Inc. (12) VAIL Bank holding company
 93 Scott's Liquid Gold SLGD.OB Household products,
 cosmetics
 94 Equitex Inc. EQTX Credit card services
 95 eCollege.Com ECLG Software, services for
 universities
 96 Evolving Systems Inc. EVOL Computer services
 97 Advanced Nutraceuticals ANII Wholesale drugs and
 Inc. druggists' sundries
 98 UQM Technologies Inc. UQM Alternative energy
 technology
 99 Vari-L Co. VARL Electronic components
100 Rocky Mountain Chocolate RMCF Candy franchisor
 Factory Inc.
101 UCAP Inc. UCAP Mortgage Banking
102 Multi Link MLNK Communications services
 Telecommunications Inc.
103 Optika Inc. OPTK Pre-packaged software
104 Good Times Restaurants Inc. GTIM Restaurant Franchisor
105 Canyon Resources Corp. CAU Gold ores
106 Sport-Haley Inc. SPOR Golf apparel manufacturer
107 Carbon Energy Corp. CRB Natural gas and oil
 exploration and
 development
108 AmeriVest Properties Inc. AMV Real estate
109 Simtek Corp. SRAM.OB Semiconductor memory
 products
110 Oralabs Holding Corp. OLAB Oral and lip products
111 Active Link Communications ACVE.OB Telephony services
112 HealtheTech Inc. HETC Medical Products
113 Infonow Corp. INOW Computer services
114 NBI Inc. NBII Glass manufacturing
115 Royal Gold Inc. RGLD Mining and metals
116 Entrust Financial Services ENFN.OB Mortgage banking
117 Renaissance Entertainment FAIR.OB Owner, producer of
 Corp. Renaissance Fairs
118 Mallon Resources Corp. (13) MLRC Petroleum
119 Laser Technology Inc. LSR Laser measuring
 instruments
120 United States Exploration UXP Petroleum and natural gas
 Inc.
121 Rentech Inc. RTK Gas-to-liquids processing
122 Mesa Laboratories Inc. MLAB Industrial equipment
123 Tanning Technology Corp. TANN Computer services
124 Isonics Corp. ISON Advanced materials and
 technology
125 Delta Petroleum DPTR Oil and gas development/
 prodution
126 Qualmark Corp. QMRK Product quality
127 Hallador Petroleum Co. HPCO.OB Petroleum and natural gas
128 Eldorado Artesian Springs ELDO.OB Bottling, marketing of
 Inc. spring water
129 Teton Petroleum Co. TPE Oil company
130 Global Med Technologies GLOB.OB Software for blood banks
 Inc.
131 High Country Bancorp HCBC Banking
132 Earth Sciences Inc. ESCI.OB Air pollution control,
 chemicals
133 CREDO Petroleum Corp. CRED Energy trading
134 KFX Inc. KFX Electric power generation
135 Ribozyme Pharmaceuticals RZYM Biotech
 Inc. (14)
136 Navidec Inc. NVDC E-business services
137 Health Grades Inc. HGRD Healthcare assessor,
 consultancy
138 Tipperary Corp. TPY Petroleum and natural gas
139 Encision Inc. ECSN.OB Medical instruments
140 Corgenix Medical Corp. CONX Invitro Disease Protection
141 Pak Mail Centers of America PMCX.OB Mail, shipping franchisor
 Inc.
142 Webb Interactive Services WEBB.OB Online commerce
 Inc.
143 Global Gasinos Inc. GBCS.OB Casino developer, operator
144 CET Environmental Services ENV Environmental engineering
 Inc.
145 Kestrel Energy Inc. KEST Acquisition of oil and gas
 leases
146 Aspen Exploration Corp. ASPN.OB Oil and gas exploration/
 development
147 World Wireless XWC Developer of wired and
 Communications wireless telemetry
148 AspenBio Inc. APNB Standards Products
149 View Systems Inc. VYST Digital security and
 surveillance
150 PYR Energy Corp. PYR Oil and gas exploration/
 production

COBIZ
2003 '02 2002 SALES 2001 SALES
RANK* COMPANY NAME RANK (000's) (000's)

 1 Qwest Communications 1 $15,487,000 $16,741,000
 International Inc.
 2 First Data Corp. 10 7,636,200 6,651,600
 3 Transmontaigne Inc. 2 5,967,508 5,223,157
 4 Echostar Communications 3 4,820,825 4,000,000
 Corp.
 5 Ball Corp. 4 3,858,900 3,686,100
 6 (Adolph) Coors Co. 6 3,776,322 2,430,000
 7 Level 3 Communications 14 3,148,000 1,530,000
 Inc.
 8 Great West Life & 2,965,000 3,132,000
 Annuity Insurance Co.
 9 Newmont Mining Corp., 11 2,622,200 1,660,000
 10 Western Gas Resources 5 2,489,698 3,354,952
 Inc.
 11 MDC Holdings Inc. 7 2,318,524 2,125,874
 12 Regal Entertainment 2,140,200 570,700
 Group
 13 Liberty Media Corp. (1) 8 2,084,000 2,059,000
 14 Storage Technology 9 2,039,615 2,050,000
 Corp.
 15 Mail-Well Inc. 12 1,728,705 1,868,768
 16 UnitedGlobalCom Inc. 13 1,515,021 1,561,900
 17 Apartment Investment & 15 1,405,684 1,297,764
 Management Inc.
 (AIMCO)
 18 Archstone-Smith Trust 24 1,082,291 679,545
 19 Graphic Packaging 16 1,057,843 1,110,000
 International Corp.
 20 Gart Sports Co. (2) 18 1,051,244 935,717
 21 Teletech Holdings Inc. 19 1,017,436 916,144
 22 Wild Oats Markets Inc. 20 919,130 893,200
 23 J.D. Edwards & Co. 21 904,457 874,000
 24 StarTek Inc. 46 807,864 182,600
 25 Samsonite Corp. 23 736,274 783,898
 26 Ultimate Electronics 25 707,400 580,200
 (Soundtrack)
 27 Time Warner Telecom 22 695,574 737,700
 Inc.
 28 Prologis Trust 29 675,000 523,000
 29 Vail Resorts Inc. 27 615,260 543,780
 30 CSG Systems Intl. Inc. 31 610,932 476,900
 31 Ciber Inc. 28 608,318 558,875
 32 Forest Oil Corp. 17 475,694 718,317
 33 Katy Industries Inc. 459,990 460,176
 34 Frontier Airlines Inc. 32 445,075 472,876
 35 Coram Healthcare Corp. 34 433,470 393,629
 36 ICG Communications (3) 30 420,104 499,990
 37 Westport Resources 36 400,398 348,900
 Corp.
 38 Navigant International 35 371,283 350,331
 Inc.
 39 Titanium Metals Corp. 26 366,500 486,900
 40 Coorstek (4) 33 334,437 400,000
 41 McData Corp. 37 328,279 344,406
 42 Westmoreland Coal Co. 39 315,741 246,919
 43 Red Robin Gourmet 274,410 224,485
 Burgers Inc.
 44 Chateau Communities 40 269,727 239,520
 Inc.
 45 Advanced Energy 44 238,898 193,600
 Industries Inc.
 46 Tom Brown Inc. 38 235,645 326,324
 47 Penford Corp. 231,450 225,672
 48 Patina Oil & Gas Corp. 42 222,407 214,100
 49 St. Mary Land & 43 196,394 207,500
 Exploration Co.
 50 Horizon Organic 47 187,537 159,000
 Holdings Corp.
 51 Markwest Hydrocarbon 45 187,261 189,066
 Inc.
 52 Crown Media Holdings 54 161,009 107,100
 Inc.
 53 Champps Entertainment 50 158,537 133,316
 Inc.
 54 American Coin 49 144,416 141,927
 Merchandising Inc.
 55 Applied Films Corp. 52 143,718 112,715
 56 Exabyte Corp. 48 133,191 158,400
 57 Air Methods Corp. 58 130,668 92,100
 58 Evergreen Resources 51 112,126 120,770
 Inc.
 59 Gaiam Inc. 56 111,406 98,737
 60 Intrado Inc. (5) 59 107,714 78,187
 61 Colorado Medtech Inc. 60 70,653 77,175
 62 Quovadx (6) 68 63,658 52,180
 63 Factual Data Corp. 69 63,072 51,200
 64 SpectraLink Corp. 62 60,900 60,800
 65 Raindance 78 60,651 39,410
 Communications (7)
 66 Hauser Inc. 61 57,662 66,700
 67 ACT Teleconferencing 73 53,872 46,643
 Inc.
 68 New Frontier Media Inc. 65 52,400 58,638
 69 Concepts Direct Inc. 67 51,685 55,800
 70 Heska Corp. 71 51,326 48,283
 71 Ramtron International 94 50,545 22,856
 Corp.
 72 Carrier Access Corp. 55 50,247 100,700
 73 Matrix Bancorp Inc. (8) 77 49,199 40,510
 74 Dynamic Materials Corp. 75 45,657 42,515
 75 Rogue Wave Software 66 43,299 57,700
 Inc.
 76 Fischer Imaging Corp. (9) 72 42,195 48,200
 77 Allied Motion Technologies 70 $42,059 $48,386
 Inc. (10)
 78 CoBiz Inc. (11) 79 41,600 35,500
 79 Golden Star Resources Ltd. 92 38,802 24,658
 80 Koala Corp. 64 36,454 43,407
 81 Array Biopharma Inc. 104 35,089 17,006
 82 NaPro Biotherapeutics 111 34,193 15,700
 83 Century Casinos Inc. 81 33,761 33,519
 84 SAN Holdings Inc. 98 33,002 18,782
 85 Prima Energy Corp. 63 31,790 60,287
 86 HIA Inc. 84 31,205 31,270
 87 Birner Dental Management 86 30,255 29,249
 Services Inc.
 88 Inland Resources Inc. 83 29,878 31,487
 89 Spectranetics Corp. 90 28,097 27,800
 90 Metretek Technologies Inc. 87 27,042 29,100
 91 Atrix Labs Inc. 110 26,384 15,811
 92 Vail Banks Inc. (12) 88 25,026 28,835
 93 Scott's Liquid Gold 93 24,949 24,669
 94 Equitex Inc. 108 23,936 16,528
 95 eCollege.Com 100 23,692 19,847
 96 Evolving Systems Inc. 80 22,963 33,900
 97 Advanced Nutraceuticals 21,625 17,606
 Inc.
 98 UQM Technologies Inc. 91 21,395 25,294
 99 Vari-L Co. 76 21,348 41,400
100 Rocky Mountain Chocolate 96 19,439 22,572
 Factory Inc.
101 UCAP Inc. 19,031 24,653
102 Multi Link 121 18,267 130,468
 Telecommunications Inc.
103 Optika Inc. 109 17,873 16,300
104 Good Times Restaurants Inc. 107 17,536 16,646
105 Canyon Resources Corp. 89 17,337 28,126
106 Sport-Haley Inc. 97 17,099 21,700
107 Carbon Energy Corp. 16,520 21,955
108 AmeriVest Properties Inc. 122 16,385 10,944
109 Simtek Corp. 106 14,327 16,950
110 Oralabs Holding Corp. 112 14,149 15,297
111 Active Link Communications 105 13,768 19,445
112 HealtheTech Inc. 13,500 2,700
113 Infonow Corp. 114 12,779 13,991
114 NBI Inc. 115 12,662 13,500
115 Royal Gold Inc. 136 12,323 5,963
116 Entrust Financial Services 123 12,124 10,238
117 Renaissance Entertainment 118 12,013 12,448
 Corp.
118 Mallon Resources Corp. (13) 101 10,873 19,765
119 Laser Technology Inc. 117 10,577 11,472
120 United States Exploration 103 10,200 17,466
 Inc.
121 Rentech Inc. 129 9,560 8,200
122 Mesa Laboratories Inc. 125 9,043 9,099
123 Tanning Technology Corp. 74 8,475 46,200
124 Isonics Corp. 133 8,155 7,789
125 Delta Petroleum 116 8,121 12,877
126 Qualmark Corp. 130 8,067 8,145
127 Hallador Petroleum Co. 131 7,794 7,960
128 Eldorado Artesian Springs 137 7,556 5,961
 Inc.
129 Teton Petroleum Co. 6,923 1,625
130 Global Med Technologies 135 6,627 6,224
 Inc.
131 High Country Bancorp 140 6,452 5,613
132 Earth Sciences Inc. 141 5,744 5,571
133 CREDO Petroleum Corp. 139 5,358 5,807
134 KFX Inc. 146 5,160 3,003
135 Ribozyme Pharmaceuticals 128 5,148 8,307
 Inc. (14)
136 Navidec Inc. 95 5,120 22,587
137 Health Grades Inc. 144 5,091 3,581
138 Tipperary Corp. 145 5,060 3,557
139 Encision Inc. 4,864 3,017
140 Corgenix Medical Corp. 4,858 4,308
141 Pak Mail Centers of America 143 4,610 4,488
 Inc.
142 Webb Interactive Services 149 3,392 1,100
 Inc.
143 Global Gasinos Inc. 142 2,688 2,666
144 CET Environmental Services 113 2,355 14,200
 Inc.
145 Kestrel Energy Inc. 147 1,149 2,195
146 Aspen Exploration Corp. 869 3,940
147 World Wireless 150 735 1,052
 Communications
148 AspenBio Inc. 745 1,123
149 View Systems Inc. 446 1,392
150 PYR Energy Corp. 148 278 1,624

COBIZ 2002 NET
2003 % INCOME
RANK* COMPANY NAME GKOWTH (000's) ENPLOYEES

 1 Qwest Communications -7.5% -$35,913,000 50,788
 International Inc.
 2 First Data Corp. 14.8% 1,237,900 29,000
 3 Transmontaigne Inc. 14.3% 68,747 440
 4 Echostar Communications 20.5% -881,000 15,000
 Corp.
 5 Ball Corp. 4.7% 311,000 12,500
 6 (Adolph) Coors Co. 55.4% 161,653 3,000
 7 Level 3 Communications 105.8% -858,000 6,275
 Inc.
 8 Great West Life & -5.3% 284,000 6,800
 Annuity Insurance Co.
 9 Newmont Mining Corp., 58.0% 154,300 13,200
 10 Western Gas Resources -25.8% 50,589 636
 Inc.
 11 MDC Holdings Inc. 9.1% 167,305 2,250
 12 Regal Entertainment 275.0% 117,200 22,797
 Group
 13 Liberty Media Corp. (1) 1.2% -5,330,000 60
 14 Storage Technology -0.5% 110,031 7,100
 Corp.
 15 Mail-Well Inc. -7.5% -63,363 10,200
 16 UnitedGlobalCom Inc. -3.0% -504,379 10,500
 17 Apartment Investment & 8.3% 169,046 7,500
 Management Inc.
 (AIMCO)
 18 Archstone-Smith Trust 59.3% 322,701 3,450
 19 Graphic Packaging -4.7% -178,650 4,200
 International Corp.
 20 Gart Sports Co. (2) 12.3% 23,167 7,100
 21 Teletech Holdings Inc. 11.1% -16,775 28,000
 22 Wild Oats Markets Inc. 2.9% 6,909 6,557
 23 J.D. Edwards & Co. 3.5% 46,193 4,954
 24 StarTek Inc. 342.4% 8,544 4,800
 25 Samsonite Corp. -6.1% -33,554 5,900
 26 Ultimate Electronics 21.9% 6,700 3,000
 (Soundtrack)
 27 Time Warner Telecom -5.7% 1,873 1,893
 Inc.
 28 Prologis Trust 29.1% 277,941 700
 29 Vail Resorts Inc. 13.1% 7,565 10,100
 30 CSG Systems Intl. Inc. 28.1% 44,618 2,752
 31 Ciber Inc. 8.8% 14,178 5,900
 32 Forest Oil Corp. -33.8% 21,276 356
 33 Katy Industries Inc. 0.0% -56,749 2,261
 34 Frontier Airlines Inc. -5.9% 16,550 2,866
 35 Coram Healthcare Corp. 10.1% 1,801 2,300
 36 ICG Communications (3) -16.0% -1,476 1,146
 37 Westport Resources 14.8% -33,328 333
 Corp.
 38 Navigant International 6.0% 18,892 4,300
 Inc.
 39 Titanium Metals Corp. -24.7% -111,500 1,956
 40 Coorstek (4) -16.4% -401,812 2,361
 41 McData Corp. -4.7% -9,987 900
 42 Westmoreland Coal Co. 27.9% 10,125 882
 43 Red Robin Gourmet 22.2% 8,264 9,200
 Burgers Inc.
 44 Chateau Communities 12.6% 16,446 1,500
 Inc.
 45 Advanced Energy 23.4% 41,399 1,164
 Industries Inc.
 46 Tom Brown Inc. -27.8% -8,177 546
 47 Penford Corp. 2.5% 110,031 670
 48 Patina Oil & Gas Corp. 3.9% 57,707 232
 49 St. Mary Land & -5.4% 27,560 185
 Exploration Co.
 50 Horizon Organic 17.9% -33 135
 Holdings Corp.
 51 Markwest Hydrocarbon -1.0% -2,796 120
 Inc.
 52 Crown Media Holdings 50.3% -313,029 356
 Inc.
 53 Champps Entertainment 18.9% 5,134 4,600
 Inc.
 54 American Coin 1.8% -2,772 751
 Merchandising Inc.
 55 Applied Films Corp. 27.5% 1,022 560
 56 Exabyte Corp. -15.9% -29,474 628
 57 Air Methods Corp. 41.9% 5,160 1,508
 58 Evergreen Resources -7.2% -8,324 273
 Inc.
 59 Gaiam Inc. 12.8% 6,311 253
 60 Intrado Inc. (5) 37.8% 11,062 674
 61 Colorado Medtech Inc. -8.5% -3,099 360
 62 Quovadx (6) 22.0% -104,112 445
 63 Factual Data Corp. 23.2% 1,577 280
 64 SpectraLink Corp. 0.2% 5,415 302
 65 Raindance 53.9% 3,354 221
 Communications (7)
 66 Hauser Inc. -13.6% -5,405 228
 67 ACT Teleconferencing 15.5% -7,648 416
 Inc.
 68 New Frontier Media Inc. -10.6% -582 137
 69 Concepts Direct Inc. -7.4% -7,078 161
 70 Heska Corp. 6.3% -8,669 270
 71 Ramtron International 121.1% 1,827 116
 Corp.
 72 Carrier Access Corp. -50.1% -52,655 188
 73 Matrix Bancorp Inc. (8) 21.4% -3,952 902
 74 Dynamic Materials Corp. 7.4% 170 234
 75 Rogue Wave Software -25.0% -7,295 201
 Inc.
 76 Fischer Imaging Corp. (9) -12.5% 10,275 158
 77 Allied Motion Technologies -13.1% $-266 378
 Inc. (10)
 78 CoBiz Inc. (11) 17.2% 11,000 289
 79 Golden Star Resources Ltd. 57.4% 4,856 594
 80 Koala Corp. -16.0% -33,549 250
 81 Array Biopharma Inc. 106.3% -4,480 245
 82 NaPro Biotherapeutics 117.8% 8,665 151
 83 Century Casinos Inc. 0.7% 3,079 200
 84 SAN Holdings Inc. 75.7% -3,030 61
 85 Prima Energy Corp. -47.3% 5,230 130
 86 HIA Inc. -0.2% 696 88
 87 Birner Dental Management 3.4% 934 481
 Services Inc.
 88 Inland Resources Inc. -5.1% -9,628 114
 89 Spectranetics Corp. 1.1% -1,561 142
 90 Metretek Technologies Inc. -7.1% 4,234 120
 91 Atrix Labs Inc. 66.9% -19,114 167
 92 Vail Banks Inc. (12) -13.2% 5,613 241
 93 Scott's Liquid Gold 1.1% 1,572 100
 94 Equitex Inc. 44.8% -4,319 150
 95 eCollege.Com 19.4% -4,921 210
 96 Evolving Systems Inc. -32.3% -12,407 91
 97 Advanced Nutraceuticals 22.8% -3,344 143
 Inc.
 98 UQM Technologies Inc. -15.4% -8,592 137
 99 Vari-L Co. -48.4% -6,255 202
100 Rocky Mountain Chocolate -13.9% 1,995 180
 Factory Inc.
101 UCAP Inc. -22.8% -3,532 220
102 Multi Link -86.0% -106,247 71
 Telecommunications Inc.
103 Optika Inc. 9.7% 518 123
104 Good Times Restaurants Inc. 5.3% 882 324
105 Canyon Resources Corp. -38.4% -5,373 92
106 Sport-Haley Inc. -21.2% -973 76
107 Carbon Energy Corp. -24.8% -14,555 24
108 AmeriVest Properties Inc. 49.7% -157 30
109 Simtek Corp. -15.5% -963 54
110 Oralabs Holding Corp. -7.5% 432 164
111 Active Link Communications -29.2% -7,992 81
112 HealtheTech Inc. 400.0% -16,811 84
113 Infonow Corp. -8.7% 1 115
114 NBI Inc. -6.2% -1,367 138
115 Royal Gold Inc. 106.7% 10,698 8
116 Entrust Financial Services 18.4% -345 46
117 Renaissance Entertainment -3.5% 8,572 36
 Corp.
118 Mallon Resources Corp. (13) -45.0% -14,037 30
119 Laser Technology Inc. -7.8% -285 77
120 United States Exploration -41.6% 5,500 12
 Inc.
121 Rentech Inc. 16.6% -5,332 76
122 Mesa Laboratories Inc. -0.6% 2,030 52
123 Tanning Technology Corp. -81.7% -30,879 168
124 Isonics Corp. 4.7% -22 11
125 Delta Petroleum -36.9% -5,041 22
126 Qualmark Corp. -1.0% -343 32
127 Hallador Petroleum Co. -2.1% -1,756 29
128 Eldorado Artesian Springs 26.8% 486 62
 Inc.
129 Teton Petroleum Co. 326.0% -10,947 8
130 Global Med Technologies 6.5% -705 48
 Inc.
131 High Country Bancorp 14.9% 1,671 67
132 Earth Sciences Inc. 3.1% 243 16
133 CREDO Petroleum Corp. -7.7% 1,282 10
134 KFX Inc. 71.8% -39,987 43
135 Ribozyme Pharmaceuticals -38.0% 34,706 81
 Inc. (14)
136 Navidec Inc. -77.3% 3,195 18
137 Health Grades Inc. 42.2% -1,650 48
138 Tipperary Corp. 42.3% -4,811 43
139 Encision Inc. 61.2% -216 23
140 Corgenix Medical Corp. 12.8% -514 43
141 Pak Mail Centers of America 2.7% -543 12
 Inc.
142 Webb Interactive Services 208.4% -7,100 45
 Inc.
143 Global Gasinos Inc. 0.8% -1,791 16
144 CET Environmental Services -83.4% -2,432 21
 Inc.
145 Kestrel Energy Inc. -47.7% -8,111 3
146 Aspen Exploration Corp. -77.9% -237 3
147 World Wireless -30.1% -9,846 21
 Communications
148 AspenBio Inc. -33.7% -1,224 8
149 View Systems Inc. -67.0% -3,923 11
150 PYR Energy Corp. -82.9% -13,129 7

* Ranked by 2002 revenues
(1) AT & T spun off Liberty Media in Aug. 2001. Although it only employs
60 itself, its sub-sidiaries include 7,400 employees
(2) Acquired Oshman's sporting goods in June 2001
(3) ICG emerged from bankruptcy protection in October 2002
(4) Went private on March 18, 2003
(5) Changed name from SCC Communications in June 2001
(6) 93.1 million of the loss came as a result of reducing goodwill in
the third quarter.
(7) Formerly Evoke Communications
(8) Interest income
(9) Filed with the SEC a notification of inability to timely file on
April 3 and plans to restate earnings for 2001 and 2002; results listed
are for the four quarters ending Sept. 29, 2002
(10) Was Hathaway Corp. until November 14, 2002
(11) Interest income
(12) Interest income
(13) Acquired by Black Hills Corp. of Rapid City, S.D., on March 10,
2003
(14) Ribozyme changed its name in March, 2003 to Sima Therapeutics, with
a new ticker. RNAI

COLORADOBIZ PUBLIC 250

100 OUT-OF-STATE COMPANIES (*+)

COBIZ
2003 2002 SALES 2001 SALES
RANK* COMPANY* (000's) (000's) % CHANGE

 1 Wal-Mart Stores Inc. $244,552,400 $219,810,000 11%
 2 BP PLC 178,720,000 174,220,000 3%
 3 ChevronTexaco Corp. 99,050,000 104,409,000 -5%
 4 International Business 81,186,000 83,067,000 -2%
 Machines Corp
 5 Citigroup Inc. (1) 58,940,000 83,625,000 -30%
 6 ConocoPhillips Holding 57,220,000 25,040,000 129%
 Co. (2)
 7 Hewlett Packard Co. 56,588,000 45,226,000 25%
 8 Boeing Co. 54,069,000 58,200,000 -7%
 9 Kroger Co. 50,100,000 49,000,000 2%
 10 McKesson Corp. 50,060,000 42,019,100 19%
 11 Target Corp. 42,722,000 39,114,000 9%
 12 Berkshire Hathaway Inc. 42,353,000 38,643,000 10%
 13 Sears Roebuck & Co. 41,366,000 40,990,000 1%
 14 AT & T Corp. 37,827,000 42,197,000 -10%
 15 Tyco International Ltd. 35,643,700 34,036,600 5%
 16 Albertson's Inc. 35,630,000 37,930,000 -6%
 17 Safeway Inc. 32,399,200 31,797,000 2%
 18 Pfizer Inc. 32,373,000 29,024,000 12%
 19 J C Penney Co. Inc. 32,347,000 32,000,000 1%
 20 K Mart Corp. 30,762,000 36,910,000 -17%
 21 Walgreen Co. 28,681,100 24,623,000 16%
 22 Merrill Lynch & Co. Inc. 28,253,000 38,757,000 -27%
 23 ConAgra Foods Inc. 27,629,600 27,100,500 2%
 24 Valero Energy (3) 26,976,200 14,990,000 80%
 25 Sprint Corp 26,634,000 25,515,000 4%
 26 Lockheed Martin Corp. 26,578,000 23,990,000 11%
 27 United Parcel Service Inc. 23,924,000 30,650,000 -22%
 28 Sysco Corp. 23,350,504 21,784,497 7%
 29 Electronic Data Systems 21,502,000 21,141,000 2%
 Corp.
 30 Supervalu Inc. 20,908,000 23,194,000 -10%
 31 FedEx Corp. 20,607,000 19,629,040 5%
 32 HCA Inc. 19,729,000 17,950,000 10%
 33 Autonation Inc. 19,478,500 19,990,000 -3%
 34 Bank One Corp. 16,831,000 15,861,000 6%
 35 Raytheon Co. 16,760,000 16,017,000 5%
 36 Xerox Corp. 15,849,000 17,008,000 -7%
 37 Duke Energy Corp. 15,663,000 18,197,000 -14%
 38 Wells Fargo & Co. (4) 14,855,000 12,460,000 19%
 39 UAL Corp. 14,286,000 16,138,000 -11%
 40 Cendant Corp. 14,088,000 8,950,000 57%
 41 Emerson Electric Co. 13,824,000 15,479,600 -11%
 42 Anheuser Busch Cos. Inc. 13,566,000 12,910,000 5%
 43 May Department Stores Co. 13,491,000 13,883,000 -3%
 44 Anthem Inc. 12,990,500 10,120,300 28%
 45 Magna International Inc. 12,970,000 11,030,000 18%
 46 Eastman Kodak Co. 12,835,000 13,230,000 -3%
 47 US Bancorp 12,744,900 11,080,000 15%
 48 Union Pacific Corp. 12,500,000 11,970,000 4%
 49 Sun Microsystems Inc. 12,496,000 18,250,000 -32%
 50 Lucent Technologies Inc. 12,321,000 21,294,000 -42%
 51 Waste Management Inc. $11,142,000 $11,320,000 -2%
 52 7 Eleven Inc. 10,109,700 9,890,000 2%
 53 Oracle Corp. 9,673,000 10,961,000 -12%
 54 Pepsi Bottling Group Inc. 9,216,000 8,443,000 9%
 55 Burlington Northern Santa 8,979,000 9,210,000 -3%
 Fe Corp
 56 Ingersoll Rand Co. Ltd. 8,951,000 8,604,200 4%
 57 Aramark Corp. 8,769,000 7,788,690 13%
 58 Great West Lifeco Inc 8,598,000 8,064,000 7%
 59 Marriott International Inc. 8,440,000 7,786,000 8%
 60 Continental Airlines Inc. 8,402,000 8,970,000 -6%
 61 Dillard's Inc. 7,910,996 8,390,000 -6%
 62 American Standard Inc. 7,795,000 7,465,000 4%
 63 Yum Brands Inc. (5) 7,757,000 6,953,000 12%
 64 Centex Corp. 7,748,430 6,710,735 15%
 65 Automatic Data Processing 7,045,032 7,018,000 0%
 Inc.
 66 Gannett Co. Inc. 6,422,000 6,340,000 1%
 67 Medtronic Inc. 6,410,800 5,551,800 15%
 68 Agilent Technologies Inc. 6,010,000 8,396,000 -28%
 69 Williams Companies Inc. 5,608,400 7,065,500 -21%
 70 Unisys Corp. 5,607,400 6,020,000 -7%
 71 Amgen Inc. 5,523,000 4,020,000 37%
 72 Tribune Co. 5,384,428 5,253,366 2%
 73 Avaya Communications 4,956,000 6,793,000 -27%
 74 McGraw-Hill Cos. Inc. 4,787,700 4,650,000 3%
 75 Danaher Corp. 4,577,332 3,780,000 21%
 76 Jacobs Engineering Group 4,555,661 3,956,993 15%
 Inc.
 77 Charles Schwab Corp. 4,140,000 4,330,000 -4%
 78 Emcor Group Inc. 3,970,000 3,420,000 16%
 79 Maxtor Corp. 3,779,500 3,797,031 0%
 80 Lafarge Corp. 3,251,600 3,320,000 -2%
 81 Qualcomm Inc. 3,039,560 2,694,407 13%
 82 Whole Foods Market Inc. 2,690,475 2,272,231 18%
 83 Fiserv Inc. 2,568,877 2,189,181 17%
 84 Outback Steakhouse Inc. 2,342,826 2,130,000 10%
 85 Toll Brothers 2,328,792 2,230,000 4%
 86 Convergys Corp. 2,286,200 2,320,000 -1%
 87 Standard Pacific Corp. 1,885,155 1,380,000 37%
 88 Papa John's International 1,857,598 1,851,170 0%
 Inc.
 89 LSI Logic Corp. 1,816,938 1,780,000 2%
 90 E W Scripps Co. 1,536,000 1,392,000 10%
 91 Champion Enterprises 1,370,000 1,500,000 -9%
 92 Isle of Capri Casinos Inc. 1,288,600 1,178,300 9%
 93 Deluxe Corp. 1,283,983 1,278,375 0%
 94 Comverse Technology Inc. 1,270,218 1,225,058 4%
 95 XO Communications Inc. 1,259,853 1,258,567 0%
 96 Atmel Corp. 1,193,814 1,470,000 -19%
 97 Janus Capital Group Inc. 1,140,000 1,555,700 -27%
 98 Quantum Corp 1,087,792 1,405,818 -23%
 99 Zions Bancorporation (6) 1,056,434 970,005 9%
100 Kinder Morgan Inc. 1,015,255 1,050,000 -3%

* Ranked by revenues
+ Companies with significant Colorado employment
(1) Interest Income
(2) Conoco Inc. and Phillips Petroleum Co. merged in August 2002
(3) Merged with Ultramar Diamond Shamrock Corp. on Dec. 31, 2001
(4) Interest Income
(5) Formerly Tricon Global Restaurants Inc.
(6) Interest Income

INSIDE COLORADO ALPHA

COBIZ
2003 RANK COMPANY ADDRESS

 67 ACT Teleconferencing 1658 Cole Blvd. Ste. 130
 Inc.
111 Active Link 7388 S. Revere Pkwy. Ste. 1000
 Communications
 6 Adolph Coors Co. P.O Box 4030 MAIL #NH375
 45 Advanced Energy 1625 Sharp Point Drive
 Industries Inc.
 97 Advanced 106 S. University Blvd., Unit 14
 Nutraceuticals Inc.
 57 Air Methods Corp. 7301 S. Peoria St.
 77 Allied Motion 23 Inverness Way E., Ste. 150
 Technologies
 54 American Coin 397 S. Taylor Ave.
 Merchandising Inc.
108 AmeriVest Properties 1780 S. Bellaire St.
 Inc.
 17 Apartment Investment 2000 S. Colorado Blvd. Tower 2
 & Management
 55 Applied Films Corp. 9586 E. 1-25 Frontage Road
 18 Archstone-Smith 9200 E. Panorama Circle
 81 Array Biopharma Inc. 1885 E. 33rd St.
146 Aspen Exploration Corp. 2050 S. Oneida St., Ste. 208
148 AspenBio Inc. 1585 S. Perry St.
 91 Atrix Labs Inc. 2579 Midpoint Drive
 5 Ball Corp. 10 Longs Peak Drive
 87 Birner Dental Management 3801 E. Florida Ave Ste. 508
 Services Inc.
105 Canyon Resources Corp. 14142 Denver West Pkwy, Ste. 250
107 Carbon Energy Corp. 1700 Broadway, Ste. 1150
 72 Carrier Access Corp. 5395 Pearl Pkwy.
 83 Century Casinos Inc. 200-220 E. Bennett Ave.
144 CET Environmental 7032 So. Revere Pkwy.
 Services Inc.
 53 Champps Entertainment 5619 DTC Pkwy., Ste. 1000
 Inc.
 44 Chateau Communities Inc. 6160 S. Syracuse Way
 31 Ciber Inc. 5251 DTC Pkwy., Ste. 1400
 78 CoBiz Inc. 821 17th St.
 63 Colorado Medtech Inc. 6175 Longbow Drive
 69 Concepts Direct Inc. 2950 Colorful Ave.
 40 Coorstek Inc. 16000 Table Mountain Pkwy.
 35 Coram Healthcare Corp. 1675 Broadway Ste. 900
140 Corgenix Medical Corp. 12061 Tejon St
133 CREDO Petroleum Corp. 1801 Broadway, Suite 900
 52 Crown Media Holdings 6430 S. Fiddlers Green Circle
 Inc.
 30 CSG Systems 7887 E. Belleview Ave., Ste. 1000
 International Inc.
125 Delta Petroleum 555 17th St., Ste. 3310
 74 Dynamic Materials Corp. 551 Aspen Ridge Rd.
132 Earth Sciences 8100 Southpark Way
 4 Echostar Communications 5701 S. Santa Fe Drive
 Corp.
 95 eCollege.com 4900 S. Monaco St.
128 Eldorado Artesian P.O. Box 445
 Springs Inc.
139 Encision Inc. 4828 Sterling Drive
116 Entrust Financial 6795 E. Tennessee Ave., Suite 105
 Services
 94 Equitex Inc. 7315 E. Peakview Ave.
 58 Evergreen Resources Inc. 1401 17th St. Ste. 1200
 96 Evolving Systems Inc. 9777 Mt. Pyramid Court
 56 Exabyte Corp. 1685 38th St.
 63 Factual Data Corp. 5200 Hahns Peak Drive
 2 First Data Corp. 6200 S. Quebec St.
 76 Fischer Imaging Corp. 12300 N. Grant St.
 32 Forest Oil Corp. 1600 Broadway, Ste. 2200
 34 Frontier Airlines Inc. 7001 Tower Road
 59 Gaiam Inc. 360 Interlocken Blvd.
 20 Gart Sports Co. 1050 W. Hampden Ave.
143 Global Casinos Inc. 5455 Spine Road. Mezzanine E
130 Global Med Technologies 12600 W. Colfax. C-420
 79 Golden Star Resources 10579 Bradford Road. Ste. 103
 Ltd.
104 Good Times Restaurants 601 Corporate Circle
 Inc.
 19 Graphic Packaging 4455 Table Mountain Drive
 International Corp.
 8 Great West Life & 8515 E. Orchard Road
 Annuity Insurance Co.
127 Hallador Petroleum Co. 1660 Lincoln St., Ste. 2700
 66 Hauser Inc. 5555 Airport Blvd.
137 Health Grades Inc. 44 Union Blvd., Ste. 600
112 HealtheTech Inc. 523 Park Point Drive
 70 Heska Corp. 1613 Prospect Parkway
 86 HIA Inc. 4275 Forest St.
131 High Country Bancorp 130 West 2nd St.
 50 Horizon Organic Holdings 6311 Horizon Lane
 Corp.
 36 ICG Communications 161 Inverness Drive West
113 Infonow Corp. 1875 Lawrence St., Ste. 1100
 88 Inland Resources Inc. 410 17th St., Ste. 700
 60 Intrado Inc. 1601 Dry Creek Drive
124 Isonics Corp. 5906 McIntyre St.
 23 J.D. Edwards & Co. 1 Technology Way
 33 Katy Industries Inc. 6300 S. Syracuse Way, Ste. 300
145 Kestrel Energy 999 18th St., Ste. 2490
134 KFX Inc. 3300 E. First Ave., Ste. 290
 80 Koala Corp. 7881 S. Wheeling Court
119 Laser Technology Inc. 7070 S. Tucson Way
 7 Level 3 Communications 1025 Eldorado Blvd.
 Inc.
 13 Liberty Media 8101 E. Pretence Ave., Suite 500
 15 Mail-Well Inc. 8310 S. Valley Highway No. 400
118 Mallon Resources Corp. 999 18th St., Ste. 1700
 51 Markwest Hydrocarbon 155 Inverness Drive West
 Inc.
 73 Matrix Bancorp Inc. 1380 Lawrence St., Ste. 1410
 41 McData Corp. 380 Interlocken Crescent
 11 MDC Holdings Inc. 3600 S. Yosemite St., Ste. 900
122 Mesa Laboratories Inc. 12100 W. 6th Ave.
 90 Metretek Technologies 1675 E. 17th Ave.
 Inc.
102 Multi Link 4704 Harlan St., Ste. 420
 Telecommunications
 Inc.
 82 NaPro Biotherapeutics 6304 Spine Road Unit A
136 Navidec Inc. 6399 S., Fiddlers Green Circle
 38 Navigant International 84 Inverness Circle East
 Inc.
114 NBI Inc. 850 23rd Ave.
 68 New Frontier Media Inc. 5434 Airport Blvd., Ste. 100
 9 Newmont Mining Corp. 1700 Lincoln St.
103 Optika Inc. 7450 Campus Drive, Ste. 200
110 Oralabs Holding Corp. 2901 S. Tejon St.
141 Pak Mail Centers of 7173 S. Havana St., Ste. 600
 America Inc.
 48 Patina Oil & Gas Corp. 1625 Broadway, Ste. 2000
 47 Penford Corp. 7094 S. Revere Parkway
 85 Prima Energy Corp. 1099 18th St.
 28 Prologis Trust 14100 E. 35th Place
149 PYR Energy Corp. 1675 Broadway. Ste. 2450
126 Qualmark Corp. 1329 W. 121st Ave.
 62 Quovadx 6400 S. Fiddler's Green Circle
 1 Qwest Communications 1801 California St.
 International Inc.
 65 Raindance Communications 1157 Century Drive
 71 Ramtron International 1850 Ramtron Drive
 Corp.
 43 Red Robin Gourmet 5575 DTC Parkway, Ste. 110
 Burgers Inc.
 12 Regal Entertainment 9110 E. Nichols Ave., Ste. 200
 Group
117 Renaissance 4440 Arapahoe Rd., Ste. 200
 Entertainment Corp.
121 Rentech Inc. 1331 17th St., Ste. 720
135 Ribozyme Pharmaceuticals 2950 Wilderness Place
 Inc.
100 Rocky Mountain Chocolate 265 Turner Drive
 Factory Inc.
 75 Rogue Wave Software Inc. 5500 Flatiron Parkway
115 Royal Gold Inc. 1660 Wynkoop St., Ste. 1000
 25 Samsonite Corp. 11200 E. 45th Ave.
 84 SAN Holdings Inc. 900 W. Castleton Road
 93 Scott's Liquid Gold 4880 Havana St.
109 Simtek Corp. 4250 Buckingham Drive
 64 SpectraLink Corp. 5755 Central Ave.
 89 Spectranetics Corp. 96 Talamine Court
106 Sport-Haley Inc. 4600 E. 48th Ave.
 49 St. Mary Land & 1776 Lincoln St., Ste. 1100
 Exploration Co.
 24 StarTek Inc. 100 Garfield St.
 14 Storage Technology Corp. 1 StorageTek Drive
123 Tanning Technology Corp. 4600 S. Ulster St., Ste. 380
 21 Teletech Holdings Inc. 9197 S. Peoria St.
129 Teton Petrolium Co. 1600 Broadway, Ste. 2400
 27 Time Warner Telecom Inc. 10475 Park Meadows Drive
138 Tipperary Corp. 633 17th St., Ste. 1550
 40 Titanium Metals Corp. 1999 Broadway Ste. 4300
 46 Tom Brown Inc. 555 17th St. Ste. 1850
 3 Transmontaigne Inc. 370 17th St. Ste. 2750
101 UCAP Inc. 14001 E. Iliff Ste. 701
 26 Ultimate Electronics 321 W. 84th Ave. Unit A
 Inc
120 United States 1560 Broadway, Ste. 1900
 Exploration Inc.
 16 UnitedGlobalCom Inc. 4643 S. Ulster St., Ste. 1300
 98 UQM Technologies Inc. 7501 Miller Drive
 92 Vail Banks Inc. 108 S. Frontage Road West, Ste. 110
 29 Vail Resorts Inc. 137 Benchmark Rd.
 99 Vari-L Co. 4895 Peoria St.
149 View Systems Inc. 825 W Kenyon Ave., Ste. 15
142 Webb Interactive 1899 Wynkoop St., Ste. 600
 Services Inc.
 10 Western Gas Resources 12200 Pecos St.
 Inc.
 42 Westmoreland Coal Co. 2 No. Cascade Ave., 14th FI
 37 Westport Resources Corp. 410 17th St., Ste. 2300
 22 Wild Oats Markets Inc. 3375 Mitchell Lane
147 World Wireless 5670 Greenwood Plaza Blvd.
 Communications

COBIZ
2003 RANK COMPANY CITY ZIP PHONE

 67 ACT Teleconferencing Golden 80401 (303) 235-9000
 Inc.
111 Active Link Englewood 80112 (303) 721-8200
 Communications
 6 Adolph Coors Co. Golden 80401 (303) 279-6565
 45 Advanced Energy Fort Collins 80525 (970) 221-4670
 Industries Inc.
 97 Advanced Denver 80209 (303) 722-4008
 Nutraceuticals Inc.
 57 Air Methods Corp. Englewood 80112 (303) 792-7400
 77 Allied Motion Littleton 80112 (303) 799-8520
 Technologies
 54 American Coin Louisville 80027 (303) 444-2559
 Merchandising Inc.
108 AmeriVest Properties Denver 80222 (303) 297-1800
 Inc.
 17 Apartment Investment Denver 80222 (303) 757-8101
 & Management
 55 Applied Films Corp. Longmont 80504 (303) 774-3200
 18 Archstone-Smith Englewood 80112 (303) 708-5959
 81 Array Biopharma Inc. Boulder 80301 (303) 381-6600
146 Aspen Exploration Corp. Denver 80224 (303) 639-9860
148 AspenBio Inc. Castle Rock 80104 (303) 794-2000
 91 Atrix Labs Inc. Fort Collins 80525 (970) 482-5868
 5 Ball Corp. Broomfield 80021 (303) 469-3131
 87 Birner Dental Management Denver 80218 (303) 691-0680
 Services Inc.
105 Canyon Resources Corp. Golden 80401 (303) 278-8464
107 Carbon Energy Corp. Denver 80290 (303) 863-1555
 72 Carrier Access Corp. Boulder 80301 (303) 442-5455
 83 Century Casinos Inc. Cripple 80813 (719) 689-9100
 Creek
144 CET Environmental Englewood 80112 (720) 875-9115
 Services Inc.
 53 Champps Entertainment Englewood 80111 (303) 804-1333
 Inc.
 44 Chateau Communities Inc. Greenwood 80111 (303) 741-3707
 Village
 31 Ciber Inc. Greenwood 80111 (303) 220-0100
 Village
 78 CoBiz Inc. Denver 80202 (303) 293-2265
 63 Colorado Medtech Inc. Boulder 80301 (303) 530-2660
 69 Concepts Direct Inc. Longmont 80504 (303) 772-9171
 40 Coorstek Inc. Golden 80403 (303) 277-4000
 35 Coram Healthcare Corp. Denver 80202 (303) 292-4973
140 Corgenix Medical Corp. Westminster 80234 (303) 457-4345
133 CREDO Petroleum Corp. Denver 80202 (303) 297-2200
 52 Crown Media Holdings Englewood 80111 (303) 220-7990
 Inc.
 30 CSG Systems Englewood 80111 (303) 796-2850
 International Inc.
125 Delta Petroleum Denver 80202 (303) 293-9133
 74 Dynamic Materials Corp. Lafayette 80301 (303) 665-5700
132 Earth Sciences Littleton 80120 (303) 734-1727
 4 Echostar Communications Littleton 80120 (303) 723-1000
 Corp.
 95 eCollege.com Denver 80237 (303) 873-7400
128 Eldorado Artesian Eldorado 80025 (303) 499-1316
 Springs Inc. Springs
139 Encision Inc. Boulder 80301 (303) 444-2600
116 Entrust Financial Denver 80224 (303) 322-6999
 Services
 94 Equitex Inc. Englewood 80111 (303) 796-8940
 58 Evergreen Resources Inc. Denver 80202 (303) 298-8100
 96 Evolving Systems Inc. Englewood 80112 (303) 802-1000
 56 Exabyte Corp. Boulder 80301 (303) 442-4333
 63 Factual Data Corp. Loveland 80538 (970) 663-5700
 2 First Data Corp. Greenwood
 Village 80111 (303) 967-8000
 76 Fischer Imaging Corp. Denver 80241 (303) 452-6800
 32 Forest Oil Corp. Denver 80202 (303) 812-1400
 34 Frontier Airlines Inc. Denver 80249 (720) 374-4200
 59 Gaiam Inc. Broomfield 80021 (303) 464-3600
 20 Gart Sports Co. Englewood 80110 (303) 200-5050
143 Global Casinos Inc. Boulder 80301 (303) 527-2903
130 Global Med Technologies Lakewood 80215 (303) 238-2000
 79 Golden Star Resources Littleton 80127 (303) 830-9000
 Ltd.
104 Good Times Restaurants Golden 80401 (303) 384-1400
 Inc.
 19 Graphic Packaging Golden 80403 (303) 215-4600
 International Corp.
 8 Great West Life & Greenwood 80111 (303) 689-3831
 Annuity Insurance Co. Village
127 Hallador Petroleum Co. Denver 80264 (303) 839-5504
 66 Hauser Inc. Boulder 80301 (303) 443-4662
137 Health Grades Inc. Lakewood 80228 (303) 716-0041
112 HealtheTech Inc. Golden 80401 (303) 526-5085
 70 Heska Corp. Fort Collins 80525 (970) 493-7272
 86 HIA Inc. Denver 80216 (303) 394-6040
131 High Country Bancorp Salida 81201 (719) 539-2516
 50 Horizon Organic Holdings Longmont 80503 (303) 530-2711
 Corp.
 36 ICG Communications Englewood 80112 (303) 414-5000
113 Infonow Corp. Denver 80202 (303) 293-0212
 88 Inland Resources Inc. Denver 80202 (303) 893-0102
 60 Intrado Inc. Boulder 80305 (303) 581-5600
124 Isonics Corp. Golden 80403 (303) 279-7900
 23 J.D. Edwards & Co. Denver 80237 (303) 334-4000
 33 Katy Industries Inc. Englewood 80111 (303) 290-9300
145 Kestrel Energy Denver 80202 (303) 295-0344
134 KFX Inc. Denver 80206 (303) 293-2992
 80 Koala Corp. Englewood 80112 (303) 539-8300
119 Laser Technology Inc. Englewood 80112 (303) 649-1000
 7 Level 3 Communications Broomfield 80021 (720) 888-1000
 Inc.
 13 Liberty Media Englewood 80111 (720) 721-5400
 15 Mail-Well Inc. Englewood 80112 (303) 790-8023
118 Mallon Resources Corp. Denver 80202 (303) 293-2333
 51 Markwest Hydrocarbon Englewood 80112 (303) 290-8700
 Inc.
 73 Matrix Bancorp Inc. Denver 80204 (303) 595-9898
 41 McData Corp. Broomfield 80021 (303) 460-9200
 11 MDC Holdings Inc. Denver 80237 (303) 773-1100
122 Mesa Laboratories Inc. Lakewood 80228 (303) 987-8000
 90 Metretek Technologies Denver 80203 (303) 785-8080
 Inc.
102 Multi Link Denver 80212 (720) 831-1977
 Telecommunications
 Inc.
 82 NaPro Biotherapeutics Boulder 80301 (303) 516-8500
136 Navidec Inc. Greenwood 80111 (303) 222-1000
 Village
 38 Navigant International Englewood 80112 (303) 706-0800
 Inc.
114 NBI Inc. Longmont 80501 (303) 684-2700
 68 New Frontier Media Inc. Boulder 80301 (303) 444-0900
 9 Newmont Mining Corp. Denver 80203 (303) 863-7414
103 Optika Inc. Colorado 80920 (719) 548-9800
 Springs
110 Oralabs Holding Corp. Englewood 80110 (303) 783-9499
141 Pak Mail Centers of Englewood 80112 (303) 957-1000
 America Inc.
 48 Patina Oil & Gas Corp. Denver 80202 (303) 389-3600
 47 Penford Corp. Englewood 80112 (303) 649-1900
 85 Prima Energy Corp. Denver 80202 (303) 297-2100
 28 Prologis Trust Aurora 80011 (303) 375-9292
149 PYR Energy Corp. Denver 80202 (303) 825-3748
126 Qualmark Corp. Denver 80234 (303) 254-8800
 62 Quovadx Englewood 80111 (303) 488-2019
 1 Qwest Communications Denver 80202 (303) 672-2700
 International Inc.
 65 Raindance Communications Louisville 80027 (800) 878-7326
 71 Ramtron International Colorado 80921 (719) 481-7000
 Corp. Springs
 43 Red Robin Gourmet Greenwood 80111 (303) 846-6000
 Burgers Inc. Village
 12 Regal Entertainment Centennial 80112 (303) 792-3600
 Group
117 Renaissance Boulder 80303 (303) 444-8273
 Entertainment Corp.
121 Rentech Inc. Denver 80202 (303) 298-8008
135 Ribozyme Pharmaceuticals Boulder 80301 (303) 449-6500
 Inc.
100 Rocky Mountain Chocolate Durango 81301 (970) 259-0554
 Factory Inc.
 75 Rogue Wave Software Inc. Boulder 80301 (303) 473-9118
115 Royal Gold Inc. Denver 80202 (303) 573-1660
 25 Samsonite Corp. Denver 80239 (303) 373-2000
 84 SAN Holdings Inc. Castle Rock 80104 (303) 660-3933
 93 Scott's Liquid Gold Denver 80239 (303) 373-4860
109 Simtek Corp. Colorado 80907 (719) 531-9444
 Springs
 64 SpectraLink Corp. Boulder 80301 (303) 440-5330
 89 Spectranetics Corp. Colorado 80907 (719) 633-8333
 Springs
106 Sport-Haley Inc. Denver 80216 (303) 320-8800
 49 St. Mary Land & Denver 80203 (303) 861-8140
 Exploration Co.
 24 StarTek Inc. Denver 80206 (303) 361-6000
 14 Storage Technology Corp. Louisville 80028 (303) 673-5151
123 Tanning Technology Corp. Denver 80237 (303) 220-9944
 21 Teletech Holdings Inc. Englewood 80112 (303) 397-8100
129 Teton Petrolium Co. Denver 80202 (303) 542-1878
 27 Time Warner Telecom Inc. Littleton 80124 (303) 566-1000
138 Tipperary Corp. Denver 80202 (303) 293-9379
 40 Titanium Metals Corp. Denver 80202 (303) 296-5600
 46 Tom Brown Inc. Denver 80202 (303) 260-5000
 3 Transmontaigne Inc. Denver 80202 (303) 626-8200
101 UCAP Inc. Aurora 80014 (303) 696-1700
 26 Ultimate Electronics Denver 80260 (303) 412-2500
 Inc.
120 United States Denver 80202 (303) 863-3550
 Exploration Inc.
 16 UnitedGlobalCom Inc. Denver 80237 (303) 770-4001
 98 UQM Technologies Inc. Frederick 80530 (303) 278-2002
 92 Vail Banks Inc. Vail 81657 (970) 476-2002
 29 Vail Resorts Inc. Avon 81620 (970) 845-2950
 99 Vari-L Co. Denver 80239 (303) 371-1560
149 View Systems Inc. Englewood 80111 (303) 295-7200
142 Webb Interactive Denver 80202 (303) 296-9200
 Services Inc.
 10 Western Gas Resources Denver 80234 (303) 452-5603
 Inc.
 42 Westmoreland Coal Co. Colorado 80903 (719) 442-2600
 Springs
 37 Westport Resources Corp. Denver 80202 (303) 573-5404
 22 Wild Oats Markets Inc. Boulder 80301 (303) 440-5220
147 World Wireless Greenwood 80111 (303) 221-1944
 Communications Village

OUTSIDE COLORADO ALPHA

COBIZ
2003
RANK CONPANY CITY STATE

52 7 Eleven Inc. Dallas TX
68 Agilent Technologies Inc. Palo Alto CA
16 Albertson's Inc. Boise ID
62 American Standard Inc. Piscataway NJ
71 Amgen Inc. Thousand Oaks CA
42 Anheuser Busch Cos. Inc. St. Louis MO
44 Anthem Inc. Indianapolis IN
57 Aramark Corp. Philadelphia PA
14 AT & T Corp. Bedminster NJ
96 Atmel Corp. San Jose CA
65 Automatic Data Processing Inc. Roseland NJ
33 Autonation Inc. Fort Lauderdale FL
73 Avaya Communications Basking Ridge NJ
34 Bank One Corp. Chicago IL
12 Berkshire Hathaway Inc. Omaha NE
 8 Boeing Co. Seattle WA
 2 BP PLC London UK
55 Burlington Northern Santa FeCorp. Fort Worth TX
40 Cendant Corp. New York NY
64 Centex Corp. Dallas TX
91 Champion Enterprises Auburn Hills MI
77 Charles Schwab Corp. San Francisco CA
 3 ChevronTexaco Corp. San Ramon CA
 5 Citigroup Inc. New York NY
94 Comverse Technology Inc. Woodbury NY
23 ConAgra Foods Inc. Omaha NE
 6 ConocoPhillips Holding Co. Houston TX
60 Continental Airlines Inc. Houston TX
86 Convergys Corp. Cincinnati OH
75 Danaher Corp. Washington DC
93 Deluxe Corp. Shoreview MN
61 Dillard's Inc. Little Rock AR
37 Duke Energy Corp. Charlotte NC
90 E W Scripps Co. Cincinnati OH
46 Eastman Kodak Co Rochester NY
29 Electronic Data Systems Plano TX
 Corp.
78 Emcor Group Inc. Norwalk CT
41 Emerson Electric Co. St. Louis MO
31 FedEx Corp. Memphis TN
83 Fiserv Inc. Brookfield WI
66 Gannett Co. Inc. Arlington VA
58 Great West Lifeco Inc. Winnipeg, Canada
32 HCA Inc. Nashville TN
 7 Hewlett Packard Co Palo Alto CA
56 Ingersoll Rand Co Ltd Woodcliff Lake NJ
 4 International Business Armonk NY
 MachinesCorp.
92 Isle of Capri Casinos Inc. Biloxi MS
19 J C Penney Co Inc. Plano TX
76 Jacobs Engineering Group Pasadena CA
 Inc.
97 Janus Capital Group Inc. Denver CO
20 K Mart Corp. Troy MI
00 Kinder Morgan Inc. Houston TX
 9 Kroger Co. Cincinnati OH
80 Lafarge Corp. Herndon VA
26 Lockheed Martin Corp. Bethesda MD
89 LSI Logic Corp. Milpitas CA
50 Lucent Technologies Inc. Murray Hill NJ
45 Magna International Inc. Aurora, Canada
59 Marriott International Bethesda MD
 Inc.
79 Maxtor Corp. Milpitas CA
43 May Department Stores Co. St. Louis MO
74 McGraw-Hill Cos. Inc. New York NY
10 McKesson Corp. San Francisco CA
67 Medtronic Inc. Minneapolis MN
22 Merrill Lynch & Co Inc. New York NY
53 Oracle Corp. Redwood City CA
84 Outback Steakhouse Inc. Tampa FL
88 Papa John's International Louisville KY
 Inc.
54 Pepsi Bottling Group Inc. Beverages NY
18 Pfizer Inc. New York NY
81 Qualcomm Inc. San Diego CA
98 QuantumCorp. Milpitas CA
35 Raytheon Co. Lexington MA
17 Safeway Inc. Pleastanton CA
13 Sears Roebuck & Co. Hoffman Estates IL
25 SprintCorp. Kansas City MO
87 Standard Pacific Corp. Irvine CA
49 Sun Microsystems Inc. Santa Clara CA
30 Supervalu Inc. Eden Prairie MN
28 Sysco Corp. Houston TX
11 Target Corp. Minneapolis MN
85 Toll Brothers Huntingdon Valley NY
72 Tribune Co. Chicago IL
15 Tyco International LTD Pembroke, Bermuda N/A
39 UAL Corp. Elk Grove Township IL
48 Union Pacific Corp. Omaha NE
70 Unisys Corp. Blue Bell PA
27 United Parcel Service Inc. Atlanta GA
47 US Bancorp Minneapolis MN
24 Valero Energy San Antonio TX
21 Walgreen Co. Deerfield IL
 1 Wal-Mart Stores Inc. Bentonville AR
51 Waste Management Inc. Houston TX
38 Wells Fargo & Co. San Francisco CA
82 Whole Foods Market Inc. Austin TX
69 Williams Companies Inc. Tulsa OK
36 Xerox Corp. Stamford CT
95 XO Communications Inc. Reston VA
63 Yum Brands Inc. Louisville. KY
99 Zions Bancorporation Salt Lake City UT


BY MIKE TAYLOR

MANAGING EDITOR, COLORADOBIZ

PHOTOGRAPHY PROVIDED BY RED ROBIN
COPYRIGHT 2003 Wiesner Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
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Title Annotation:THE PUBLIC 250; Red Robin Gourmet Burgers Inc.
Author:Taylor, Mike
Publication:ColoradoBiz
Geographic Code:1U8CO
Date:Jun 1, 2003
Words:9146
Previous Article:June.
Next Article:Tech startup of the month.
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