Access Integrated Technologies, Inc. Ranked Number 181 Fastest Growing Company in North America on Deloitte's 2008 Technology Fa
November 20 2008 - 11:29AM
Marketwired
Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ: AIXD)
today announced that it ranked number 181 on Deloitte's 2008
Technology Fast 500, a ranking of the 500 fastest growing
technology, media, telecommunications and life sciences companies
in North America. Rankings are based on percentage of fiscal year
revenue growth over five years, from 2003-2007. AccessIT grew 1,013
percent during this period.
AccessIT's Chairman and CEO, Bud Mayo, credits best-of-breed
technology, highly skilled personnel and commitment to transforming
the cinema experience for the consumer with the company's 1,013
percent revenue growth over the past five years. He said, "Our
people have built our technology platform which has in turn enabled
us to grow by bringing benefits to studios, exhibitors, and, most
importantly, to movie goers throughout the country."
"Each company on Deloitte's Technology Fast 500 is an innovator
with an exceptional five-year track record of growth," said Phil
Asmundson, Deloitte LLP vice chairman and national managing partner
for Technology, Media and Telecommunications. "AccessIT has earned
its position among the fastest growing companies in North America,
and we are proud to honor this important accomplishment."
In addition to ranking on Deloitte's Technology Fast 500,
AccessIT ranked 33rd on the New York, New Jersey, Connecticut
Technology Fast 50, which is a ranking of the 50 fastest growing
technology firms in that tri-state area.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It
is compiled from Deloitte's regional North American Fast 50
programs, nominations submitted directly to the Fast 500, and
public company database research. Companies are selected based on
percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or
proprietary technology that contributes to a significant portion of
the company's operating revenues or devote a significant proportion
of revenues to research and development of technology. Using other
companies' technology or intellectual property in a unique way does
not qualify. Base-year operating revenues must be at least $50,000
USD or $75,000 CD, and current-year operating revenues must be at
least $5 million USD or CD. Companies must be in business a minimum
of five years, and they must be headquartered within North
America.
Access Integrated Technologies, Inc. (AccessIT) is the global
leader in providing integrated solutions for the conversion to
digital cinema and to enhance the movie theatre experience for
millions of viewers. The Company's ground-breaking digital cinema
networked services along with its Library Management Server� and
Theatre Command Center� software have enabled theatres across the
United States to play more than eight million digital showings of
Hollywood features to date. AccessIT's 24/7 satellite operations
delivers feature movies, alternative content advertising, and
pre-show entertainment through its UniqueScreen Media subsidiary,
including live 2-D and 3-D events through its CineLive� satellite
network, expanding box office sales and developing new ways to
attract incremental revenues. Through its alternative content
distribution unit, The Bigger Picture, AccessIT offers channels of
programming including Opera, Kidtoons, Faith Based, Concerts,
Sports and Anime. Access Integrated Technologies� and AccessIT? are
trademarks of Access Integrated Technologies, Inc. For more
information on AccessIT, visit www.accessitx.com. [AIXD-G]
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please
see www.deloitte.com/about for a detailed description of the legal
structure of Deloitte LLP and its subsidiaries.
Contact: Suzanne Moore Access Integrated Technologies, Inc.
(973) 290-0056 Email Contact
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