MotorVac Recognized as Fast Growing Technology Company
26 August 1997
MOTORVAC RECOGNIZED AMONG FASTEST GROWING TECHNOLOGY COMPANIES IN SOUTHERN CALIFORNIA Santa Ana, Ca -- MotorVac Technologies, manufacturer and marketer of the MotorVac Carbon Clean system has been selected as one of the fastest growing technology companies in Southern California, where over 6000 technology companies call their home. The recognition, given by the Los Angeles Regional Technology Alliance, Deloitte & Touche and other sponsors who initiated the program, is determined by growth in revenues from 1992 to 1996. Nominees must be a U.S. corporation which develops and/or provides technology based products and has more than doubled in revenues from 1992 to 1996. "We're sure honored to share a spot in the top 50 with such fine companies," says Lee Melody, President and CEO of MotorVac. "We owe our rapid growth to our customers who, after trying our system, not only reordered in growing quantities, but also spread the word that our products made impressive improvements in the performance and emissions of vehicles they serviced." MotorVac's revenues jumped from under one million dollars to over 8 million during the qualifying period. In 1996 the company became public and is traded on the Nasdaq SmallCap exchange (MVAC)