ARKONA Ranked 11th Fastest Growing Company by MountainWest Venture Group
SALT LAKE CITY--Nov. 1, 20050, 2005--ARKONA Inc. (OTC: ARKN), the technology leader in on-demand dealer management solutions for the automobile and powersports industries, today announced it has been selected as the 11th fastest growing company in Utah from a pool of 11,000 businesses. This award is based on revenue growth over the past five years."We thank the MountainWest Venture Group for giving us the opportunity to participate in the selection process," said Rich Holland, president, ARKONA. "We are honored to receive this prestigious recognition and ranking which highlights the growth and financial success we've experienced in recent years. The rank we've achieved also demonstrates the commitment of our talented employees in providing professional products, services, and support to our dealer clients."
About ARKONA Inc.
Founded in 1996, ARKONA is a public company and a leader in automotive and powersports dealer management solutions. ARKONA's Dealer Management System also leads the market in technologically superior e-business solutions for automotive dealers that fully integrate back office systems with a retail Web presence. In this market ARKONA is the premier on-demand solutions provider. For more information visit the ARKONA Web site at www.arkona.com.
About the Utah 100 Awards and MountainWest Venture Group
The Utah 100 recognizes companies for their significant contribution to the state and its expanding economy. It is also an opportunity for Utah's business community to join in honoring these successful companies, network, share ideas, and promote business in Utah. MountainWest Venture Group launched the Utah 100 in 1995 as Utah's first business-growth recognition program. Based in Salt Lake City, MountainWest Venture Group is comprised of a broad mix of entrepreneurs, venture capital providers, professional consultants, attorneys, bankers, accountants, and educators from universities and institutions of higher education.
This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve known or unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. Without limiting the generality of the foregoing, the risks include the risk that the company's revenues and net income will not continue to grow throughout 2006 as a result of competitive conditions, an adverse development in the company's business or financial situations or other factors that may reduce sales or increase costs and the risk that the company will need to raise additional capital as a result of an expense associated with an unexpected adverse development, such as litigation, or from a planned expansion of the product offerings of the company. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.