Access Integrated Technologies, Inc. Named One of New Jersey's Fastest Growing Technology Companies in Deloitte's 'Technology Fast 50' Program
Access Integrated Technologies, Inc. Named One of New Jersey's Fastest Growing Technology Companies in Deloitte's 'Technology Fast 50' Program
Attributes Teamwork to its 14,901 Percent Five Year Revenue Growth
MORRISTOWN, N.J., Aug. 14 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ:AIXD) has been named to Deloitte's prestigious Technology "Fast 50 Program" for New Jersey, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
"Deloitte's New Jersey Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Paul Mlynarski, a Partner at Deloitte Tax LLP and Chairperson of Deloitte's New Jersey Technology Fast 50 Program. "We applaud the successes of AccessIT and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
AccessIT's CEO Bud Mayo credits the teamwork of dozens of the movie industry's best and brightest who've developed and integrated multiple technologies into a single end-to-end solution for the company's 14,901 percent revenue growth from 2001-2005. Mayo said, "And our best years are still ahead of us."
AccessIT's revenue increase of 14,901 percent from 2001 to 2005 resulted in a number two ranking in the "Technology Fast 50" for New Jersey. The average increase in revenues among companies who made the Technology Fast 50 for this region was 1,632 percent.
To qualify for the "Technology Fast 50," companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional "Technology Fast 50" programs in the United States and Canada are automatically entered in Deloitte's "Technology Fast 500" program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's "Technology Fast 50" or "Technology Fast 500" programs, visit http://www.fast500.com/.
Access Integrated Technologies, Inc. (AccessIT) is the industry leader in providing fully integrated software and services to enable the motion picture entertainment industry and all of its constituents to transition from film to digital cinema. Its studio-backed 4,000 screen ongoing deployment of digital systems is the first and the largest of its kind in the world. The company's Theatrical Distribution System software and electronic satellite delivery services provide studios and content owners with a seamless entry into the digital era while its vendor neutral Theatre Command Center and Exhibitor Management System provide exhibitors with all the tools needed to transition to digital cinema. For more information on AccessIT, visit http://www.accessitx.com/.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Suzanne T. Moore
AccessIT
973-290-0056
smoore@accessitx.com
Richard Shippee
(212)436-3347
rshippee@deloitte.com
Source: Access Integrated Technologies, Inc.
CONTACT: Suzanne T. Moore of AccessIT, +1-973-290-0056,
smoore@accessitx.com; or Richard Shippee of Deloitte, +1-212-436-3347,
rshippee@deloitte.com
Web site: http://www.accessitx.com/
http://www.fast500.com/
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