Viewcast Ranked No. 171 Fastest-Growing Technology Company In America On Deloitte & Touche Technology Fast 500
Viewcast Attributes its 2,451 Percent Revenue Growth to Right Products for Emerging Markets
DALLAS (Nov. 20, 2000) �Viewcast, Inc. (NASDAQ: VCST), a leading provider of Internet and networked video solutions, announced that it ranked No. 171 on the Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on five-year percentage growth from 1995-1999. Viewcast grew 2,451 percent during this period.
Viewcast President and CEO George Platt credits Viewcast�s innovative and business-focused technology with the company�s 2,451 percent revenue growth over the past five years.
We are very pleased to be part of the Deloitte & Touche Technology Fast 500, although we believe the potential for extraordinary growth is still ahead of us as video becomes an essential communications tool in business,� said Platt. �Viewcast is well-positioned, with both products and services, to meet the needs of business in delivering video communications through any platform at industry-leading quality.
With its ranking on the prestigious Deloitte and Touche Technology Fast 500, Viewcast�s leaders have proven that they have the vision and fortitude to excel in the highly competitive technology industry,� said Mark A. Evans, managing director of Deloitte & Touch�s Technology & Communications Group. �We congratulate them on becoming one of the 500 fastest-growing technology companies in the U.S. and Canada.
Fast 500 Selection and Qualifications
In its selection of the 2000 Fast 500, Deloitte & Touche�s team reviewed financial records for more than 5,000 public and privately held technology companies. To qualify, companies must (1) have had 1995 revenues of at least $50,000; (2) be headquartered in the United States; and (3) be a �technology company.� �Technology company� is defined as one that develops proprietary technology which contributes to a significant portion of the company�s operating revenues, manufactures a technology product, or devotes a high percentage of effort to the research and development of technology.
About Viewcast
Viewcast enables video communication over the Internet and corporate networks through its components, systems, and turnkey solution products. The company is known as a leading global provider of enterprise-wide, digital video communications solutions for both real-time and on-demand applications. Osprey� video capture cards and codecs, ViewCast� Streaming Video Solutions and Viewpoint VBX System(tm) products deliver a wide array of video solutions for both analog and digital video communication systems. Viewcast has the ability to deliver cutting-edge networked video solutions while delivering systems to transition legacy video communication equipment. Viewcast products are available either directly from the company, or from leading OEMs, system integrators, leading resellers and application developers worldwide.
Visit the Viewcast Web site (http://www.viewcast.com) for more information.
About Deloitte & Touche
Deloitte & Touche, one of the nation�s leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm is dedicated to exceeding the expectations of its clients and its people. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the �100 Best Companies to Work for in America� by Fortune magazine for three consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world�s leading professional services firms, with more than 90,000 people in over 130 countries.
For more information on Deloitte & Touche, visit www.us.deloitte.com
For more information on the Deloitte & Touche Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-KSB and 10-QSB on file with the Securities and Exchange Commission. All trademarks are property of their respective holders.