Systech Ranked in Top 20% of Prestigious Inc 500 List for the Second Consecutive Year

    GLENDALE, Calif.--Oct. 15, 2001--Systech Solutions, Inc. (www.systechusa.com), a leading end-to-end IT solutions provider, was named one of America's entrepreneurial growth leaders by Inc Magazine for the second year running.
    Inc Magazine today released its annual ranking of the Inc 500, the nation's fastest-growing private companies.
    Systech has achieved a staggering 2,100% growth in the past five years, with sales expanding from $600,000 in 1996 to $13 million in 2000. The company's customer base encompasses a diverse group of clients, including Nike, Nissan, American Express, Calvin Klein, EarthLink, Ingram Micro, Universal and more. With a 97% customer retention rate, Systech's ranking at 116 highlights its continuing success in the IT services industry - as does the expansion in 2001 of U.S. sales offices in Portland, San Francisco, San Diego and a South Asian sales office in Mumbai (Bombay).
    "We are extremely pleased to be recognized again by Inc Magazine's prestigious list," said Systech CEO Arun Gollapudi. "If anything, the feat of being named in the top 20% of the top 500 companies in America for two straight years comes down to trust. At Systech, we believe passionately in customer relationships - it's an ethic of partnering with your clients that we began almost a decade ago. The success that we've enjoyed is a reflection of the trust of our customers and our employees that Systech is dedicated to excellence in all forms."
    Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia. This year's Inc 500 set records in terms of both collective sales and growth rates, racking up a collective total of $12.5 billion in sales and an average 5-year growth rate of almost 2,000 percent.
    "The Inc 500 gives America a window on the future - which companies will be the Microsofts and Timberlands of tomorrow," said George Gendron, Inc editor-in-chief. "The economy may have slowed, but entrepreneurial enterprises have always been, and will continue to be, the nation's foremost engine of growth and job creation."
    To be eligible for this year's Inc 500, companies had to be independent and privately held through 2000, have at least $200,000 in sales in the base year of 1996, and their 2000 sales had to have exceeded 1999 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants, and by conducting interviews with company officials.

    About Systech

    Since 1993, Systech Solutions, Inc. has been the dynamic choice for Business Intelligence, CRM, e-Business, Supply Chain and ERP solutions. Systech's services leverage business and technology expertise to eliminate inefficiency throughout the client's supply chain, reducing time and increasing revenue. Systech brings innovative methodologies, years of industry experience and unequalled professional integrity to every project. www.systechusa.com

    About Inc Magazine

    Founded in 1979, Boston-based Inc Magazine was acquired last year by G+J USA, one of America's largest magazine publishers and is part of the company's newly formed Business Innovator Group. G+J USA also publishes Fast Company, Rosie, Child, Family Circle, Fitness, Homestyle, Parents and YM. The company is 25.1 percent owned by the Jahr Group and 74.0 percent owned by Bertelsmann AG, the largest privately held and the fifth largest media company in the world, with yearly revenues at $16 billion. www.inc500.com