Deloitte & Touche Attributes RMI.NET Ranking to Its Five-Year, 3,874 Percent
Revenue Growth
DENVER, Nov. 17 /PRNewswire/ -- RMI.NET, Inc. (Nasdaq: RMII), a national
e-business and convergent communications company, has been named to Deloitte &
Touche's prestigious "Fast 500" Program, a ranking of the 500 fastest-growing
U.S. technology companies. Rankings are based on a five-year percentage
revenue growth, from 1994-1998.
(Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO )
Douglas H. Hanson, chairman and chief executive officer for RMI.NET,
credited an aggressive growth strategy and an ability to capitalize on
advances in the Internet industry -- including e-commerce -- for the company's
3,874 percent revenue growth in the past five years. RMI.NET is ranked as the
70th fastest-growing U.S. technology company.
"We have successfully grown our company through strategic expansion, a
focus on our core business and quality customer service," Hanson said. "It
truly is an honor to be recognized by Deloitte & Touche as a leading
nationwide technology company, and it is a credit to the hard work of our
dedicated employees and the loyalty of our customers."
"Technology as we know it has been part of our lives for less than 50
years, yet it has become a part of our everyday existence," said Mark Evans,
managing director for the Deloitte & Touche High Technology Group. "We at
Deloitte & Touche salute RMI.NET, whose leaders had the vision and whose
employees had the capabilities to keep up with the demands of today's
fast-paced technology marketplace."
The average increase in revenues among companies who made the Technology
Fast 500 was 4,998 percent. To qualify for the Fast 500, companies must have
had revenues of at least $50,000 in 1994; be headquartered in the United
States; and be "technology companies," defined as a company that produces
technology, manufactures a technology product, is technologically intensive,
uses technology in problem solving, or devotes a high percentage of effort in
the research and development of technology.
Hanson noted that RMI.NET would continue to focus its efforts on
developing and providing e-commerce applications, web solutions and
high-speed Internet access. He also noted that the company has continued its
growth strategy in 1999 and has acquired 13 companies nationwide. The company
currently has an annualized revenue run rate of $43 million.
Technology Fast 500 winners have been invited to an exclusive, two-day CEO
Summit on May 11-13, 2000 at the Ritz-Carlton, Amelia Island, Florida. The
summit is designed to address the unique business issues facing technology
companies.
For more information on the Deloitte & Touche Technology Fast 500 program,
visit http://www.fast500.com.
About RMI.NET
Denver-based RMI.NET, Inc., formerly Rocky Mountain Internet, is a
national commerce solutions provider focusing on e-commerce and convergent
communications. The company specializes in e-business applications; web
solutions, including design, hosting and marketing; and high-speed Internet
access, including Digital Subscriber Line (DSL) service. RMI.NET has an
annualized revenue run rate of $43 million and more than 92,000 nationwide
customers. The company wholly owns a proprietary portal site and search
engine, Infohiway, at http://www.infohiway.com. For more information on RMI.NET,
call (800) 864-4327, or visit the company's web site at http://www.rmi.net.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services
firms, provides accounting and auditing, tax, and management consulting
services through 28,000 people in offices in more than 100 U.S. cities.
Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global leader in
professional services, with more than 82,000 people in more than 130 counties.
This press release might contain forward-looking statements. These
forward-looking statements are subject to risks and uncertainties. Actual
results may differ materially from such forward-looking statements as a result
of risks and uncertainties, which are described in the cautionary statements
section of the company's 10K dated December 31, 1998, and may include other
risks described in all Securities and Exchange Commission filings submitted as
of this date.
SOURCE RMI.NET, Inc.
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Related links:
http://www.rmi.net
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/19990628/RMILOGO
PRN Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/139760.html or fax,
800-758-5804, ext. 139760
CONTACT:
Mark Stutz, Manager, Media Relations,
303-313-0672, mark.stutz@corp.rmi.net, or Steven P. Eschbach,
CFA, Vice President, Investor Relations, 303-308-2272,
steve.eschbach@corp.rmi.net, both of RMI.NET, Inc.
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