Metrofuser Named to Inc. Magazine’s Fastest Growing Companies6 Nov, 2008
Metrofuser Named to Inc. Magazine’s Fastest Growing Companies
New York, NY (November 1, 2008) — Inc. has rated Metrofuser in its annual rankings of the 500 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy —America’s independent-minded entrepreneurs.
Metrofuser’s rankings include: ranked No. 470 in the top 5,000 privately owned companies; ranked No. 14 nationally in the Top 100 computers and electronics companies; ranked No. 30 in the Top 100 Businesses in New York-Northern New Jersey-Long Island, NY-NJ-PA.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivaled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
Metrofuser remanufactures and distributes HP and Lexmark printer parts. The company distributes OEM and NEXTGENN brand parts nationwide and has built its reputation on pioneering “better-than-OEM” remanufactured printer parts.
Eric Katz, Metrofuser CFO and co-president, sees this accomplishment as a team effort. “This is an accomplishment that everyone who is a part of the Metrofuser team should be proud of,” Katz said. “While it’s a great honor to be on a list that has included the most innovative companies in the past few decades, this milestone is a testament to the hard work of our employees and the incredible opportunity that remanufacturing is for both our customers and ourselves.”
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405) and Advertising and Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000. Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million), Government Services ($14.2 million) and Energy ($14.2 million).
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.Visit: www.metrofuser.com.