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NWEQ Ranks 95th on 2006 Inc. 500 List of America’s Fastest-Growing Private Companies |
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Sales soar 895 percent within a three-year period, making this buyer and seller of used networking equipment the third-fastest growing private company in Florida for 2006.
Tampa, Fl, Aug. 23, 2006 -- Network Liquidators, the leading source for buyers and sellers of used networking equipment and accessories, today made its debut to the 25th annual Inc. 500 list of America’s fastest-growing private companies, placing 95th in the 2006 report. The company’s sales rocketed 895 percent during the past three years, underscoring a growing acceptance – and adoption – of used networking equipment as a fiscally responsible alternative to new technology installations. Its remarkable growth also makes it the third-fastest growing company in the state of Florida for 2006.
“It’s quite an honor to be grouped with such a distinguished list of companies,” noted Network Liquidator’s Founder and Chief Executive Officer Barry Shevlin. “Our organization’s rapid growth is a testament to the drive and dedication of its employees and trading partners. We are proud of this distinguished honor and our team is committed to continuing this momentum while building on the unmatched support and service we provide our customers.”
Founded in 2001, Network Liquidators runs the largest Web site for used networking equipment worldwide, drawing up to 88,000 unique visitors per month. To help manage the rapid growth and new market opportunities it’s experienced this year, the company recently added three key executive positions to its roster: Matt McDonald, chief financial officer; Joe Serra, executive vice president; and Thomas J. Calcaterra, executive vice president, business development.
Network Liquidators is one of 25 Florida-based businesses named to the 2006 Inc. 500, and one of three based in the Tampa Bay area.
Methodology
Inc. 500 companies must meet stringent accounting criteria and interviews with company management to be considered for and named to the list. The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. This year’s list measured revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent – not subsidiaries or divisions of other companies – as of December 31, 2005, and have at least $600,000 in net sales in the base year.
ABOUT INC.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.
ABOUT NETWORK LIQUIDATORS
Network Liquidators is a leading source for buyers and sellers of used networking equipment and accessories. The company stocks products from top-name manufacturers including Cisco Systems, Extreme Networks, Nortel, Foundry Networks and F5 that have been rigorously inspected and quality tested by knowledgeable industry-certified technicians. Serving more than 8,000 end-user and reseller customers worldwide, Network Liquidators provides next-day shipping on most products as well as flexible financing options. In 2006, the company debuted on the Inc. 500 listing of the nation’s fastest-growing businesses. For more information, visit www.networkliquidators.com.
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