IBFX Again Crowned Fastest Growing Company in Utah.
SALT LAKE CITY -- In its first year of eligibility, Interbank FX (IBFX.com), a leading provider of online off-exchange retail foreign currency (Forex/FX) trading, today announced it was honored as the fastest growing company in Utah at the MountainWest Capital Network's (MWCN) 14th annual Utah 100 Awards. This most recent recognition marks the second time in as many months that the company has topped the state's impressive list of emerging companies (see "Interbank FX Tops Utah Business Magazine's 'Fast 50'") and is the latest in a string of accolades IBFX has acquired throughout 2008.
"We have received a tremendous amount of recognition in the past year from various financial and trade publications but there's something to be said about being honored by our home state," said IBFX Chairman and President Todd Crosland. "Many folks seem startled to learn that a world renowned Forex brokerage is located in Salt Lake City, Utah, and that's something we take pride in. I give full credit for this award to IBFX's hard working management and staff whose dedication and hard work help us remain competitive in the increasingly aggressive retail Forex realm."
The Utah 100 Awards program, held Friday, October 24 at the Grand America Hotel in Salt Lake City, honored the top 100 fastest growing companies in the state from amongst thousands of applicants. Recognition was based on percentage revenue increases from 2003 through 2007, a five-year period during which IBFX's revenue grew in excess of an astounding 32,000 percent.
"We would like to congratulate Interbank FX for their accomplishment as this year's fastest growing company at the 2008 Utah 100 annual awards program," said Todd Leishman, MWCN Vice President and Chairman of the Utah 100. "IBFX's accomplishment is especially notable as the number of applications and the percentage threshold of the winning companies both increased this year. IBFX's revenue growth percentage during the period from 2003-2007 is truly amazing considering the current state of the economy."
To view all of IBFX's awards or to open a free unlimited Forex practice account, visit www.IBFX.com.
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX.com) is a leading provider of online foreign exchange trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade spot foreign currency online.
Unlike other retail FX brokers, IBFX has distinguished itself as an industry leader with its unique "no dealing desk" agency model, proprietary tools and services, and focus on customer care. This has led to numerous awards and industry accolades that IBFX has compiled. The recognition includes Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc. 500.
Interbank FX serves over 29,000 clients from more than 140 countries and supports trading volume in excess of US$70 billion per month. The company is regulated as a Forex Dealer Member by the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.
About MountainWest Capital Network
Based in Salt Lake City, MountainWest Capital Network's members include a broad mix of entrepreneurs, venture capital providers, professional consultants, attorneys, bankers, accountants, and educators from universities and institutions of higher education. MWCN seeks to promote business growth and capital development in the state through a variety of educational and professional activities. The premier programs that MWCN provides to the business community include the Utah100 Program, the Utah Deal-Flow Report and real-time transaction reporting, and an annual Entrepreneur of the Year award.
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|Date:||Oct 28, 2008|
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