Business/Technology Editors
SAN DIEGO--(BUSINESS WIRE)--Sept. 26, 2000
SVI Holdings, Inc. (AMEX: SVI), a leading global provider of multi-channel software solutions for the retail industry, has been named one of the top ten fastest growing technology companies as ranked by Deloitte & Touche's "Orange County/San Diego Technology Fast 50" annual awards program. Rankings are based on revenue growth over a five-year period. SVI's 1993% growth placed them tenth on the prestigious list above companies like QUALCOMM, HNC Software, Peregrine Systems and Titan.
The rankings were announced by Deloitte & Touche at an awards dinner held September 25 at the Marriott's Laguna Cliffs Resort at Dana Point. Barry Schechter, SVI CEO said, "We are extremely pleased with our Top Ten ranking in the Fast 50, especially when you consider the high growth rate for technology companies in Southern California. Ranking above companies like HNC and QUALCOMM is a truly exciting experience. Our people have worked hard to build a company that provides best-of-breed enterprise technology solutions for retailers and awards like this are a testament to their success. We thank Deloitte & Touche for their sponsorship of the Fast 50 program and congratulate all the winners."
Of the 50 companies honored this year, 28 were based in San Diego. Seventy-percent of the 50 companies are public, while 30 percent are private. The industry segment breakdown is as follows: Software (30%); Communications/Networking (22%); Medical/Scientific/Technical (14%); Biotechnology (10%); Computer/Peripherals (10%); Other (10%); and Internet (4%). The total revenue generated by the 2000 Orange County/San Diego Technology Fast 50 companies in 1999 was $7.6 billion.
"We congratulate all of the Fast 50 companies for their commitment to the technology industry, and for delivering on the promise of market longevity," said James Fazio, partner in Deloitte & Touche's San Diego Technology and Communications Group. "Being named a Fast 50 winner is a testament to each company's leadership, and its ability to not only have the right solution at the right moment, but also the vision that contributes to the growth of the business over five years."
For more information on the Deloitte & Touche Fast 50 program, visit their web site at www.fast50.com.
About SVI
SVI, headquartered in San Diego, CA, addresses two primary markets: Retail Information Systems and Instructor-led PC Applications Training and Assessment Tools. Through its subsidiary, SVI Retail, it is focused on becoming a leading global provider of multi-channel software solutions for the retail industry, including e-commerce applications as well as supply chain, in-store and Customer Relationship Management (CRM) systems. Through its SVI Training Products subsidiary, the Company markets customizable desktop training applications as well as skills assessment applications and custom training programs for retailers. SVI maintains offices and subsidiaries in the United States, the United Kingdom, Australia and South Africa. The Company has a worldwide customer base including major retailers such as OfficeMax, The Limited, JCPenney, the Disney Stores, Victoria's Secret and Toys "R" Us International. Additionally, they have a number of customers from corporations, schools and government agencies such as Alcoa, BP Amoco, Dun & Bradstreet, Kaiser Permanente, the Ohio Department of Transportation, the Texas Department of Criminal Justice, the University of Missouri, and the University of Oklahoma. SVI's web sites are located at www.svisolutions.com and www.svitrain.com.
Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company's future performance. These statements are only predictions. Because such forwarding-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to increase sales, market acceptance of the Company's products, competition, the ability to raise capital when needed on terms and conditions acceptable to the Company, the Company's ability to consummate acquisitions and develop advanced technologies, fluctuations in currency exchange rates, the demand for the Company's product and services internationally, especially in the United Kingdom and Australia, the impact of a potential business combination with the Company's majority shareholder and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Other risk factors are listed in the Company's Report on Form 10-K for the fiscal year ended March 31, 2000. SVI undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.
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