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INDIANA'S TOP HIGH-POTENTIAL COMPANIES
AWARDED GROWTH 100 DISTINCTION
EDITORS: For further details on Growth 100, contact CEI Director Betsy Gatewood or Growth 100 Coordinator Pam Yoho at 812-855-4248. A complete list of this year's firms accompanies this release. Formore information on the Center for Entrepreneurship and Innovation, call Luci Englert at 812-855-4248.
INDIANAPOLIS -- For the fourth consecutive year, the Johnson Center for Entrepreneurship and Innovation in Indiana University's Kelley School of Business recognized 100 of Indiana's leading high-potential companies with its Growth 100 award at a special ceremony Tuesday (Oct. 13).
The Growth 100 award honors Indiana's rapid-growth, high-potential entrepreneurial companies with annual sales of at least $1 million. Other factors considered in the selection process are business concepts, attributes of the market, use of technology, and the ability to sustain high growth.
Each company is selected through a rigorous screening process similar to a "due diligence" examination. This year's Growth 100 companies had average annual sales of $7.7 million, and their growth rate averaged over 161 percent.
"These 100 companies have a phenomenal economic impact on the state, in terms of both gross sales and employment," said Elizabeth J. Gatewood, CEI director and holder of the Jack M. Gill Chair of Entrepreneurship.
"Between 1996 and 1998, Growth 100-awarded companies created more than 1,500 jobs in Indiana. That's particularly important in the face of large plant closings and downsizing," she continued.
The companies being recognized represent the entire state geographically, although 61 are based in the Indianapolis metropolitan area. "Recently, Dun & Bradstreet and Entrepreneur magazine named Indianapolis as one of the top cities in the nation for entrepreneurial business," Gatewood noted.
"The number of strong entrepreneurial companies we found there confirms that estimation, although we'd like Entrepreneur magazine to recognize the rest of the state, as well."
Companies that receive the Growth 100 award are invited to join the Growth 100 Network, a membership organization offering services such as networking with peers, educational programs and seminars, and research services.
The Growth 100 Program is co-sponsored by Borshoff Johnson & Co.; Cinergy/PSI; Colliers, Turley, Martin, Tucker; Ernst & Young; Ice Miller Donadio & Ryan; IU's Advanced Research Technology Institute; KeyBank; and Personnel Management Inc.
Recognition from the Kelley School of Business puts Growth 100 firms in good company. For four years, the school has been ranked in Success magazine's listings of top schools for entrepreneurs.
Individuals who wish to nominate their own or another's company for consideration for next year's awards should contact the center at 812-855-4248.
1998 GROWTH 100 COMPANIES
Indianapolis:
ABG Inc., first year; Advanced Physical Therapy, third year; Auctor Corp., third year; BT Event Productions, second year; Bright Ideas In Broad Ripple, third year; Campus Classics Inc., fourth year; Cargo Services, first year; Centillion Data Systems Inc., third year; Challenge Inc., first year; Circle City Asphalt, first year; CommNet Plus Inc., third year; Communication Products Inc., second year CREW Technical Services, first year; Custom Mortgage Inc., fourth year; CyboRobots, fourth year; EHOB Inc., third year; Environmental Monitor Systems, second year; Eris Survey Systems Inc., second year; Fancy Fortune Cookies, first year; GM Construction, fourth year; Hat World Inc., first year; INDesign Inc., third year; Interactive Intelligence, first year; JF New & Associates, third year; JIST Works Inc., fourth year; Johnstone Supply of Indianapolis, third year; Key-Art Publishing, first year; MAGTECH Services Inc., third year; Majestic Marble, third year; Meridian Financial Corp., fourth year; NetPage USA, first year; Office Tech, first year; Pac-Van Inc., second year; Performance Strategies, fourth year; Premiere Promotional Advertising, second year; Professional Data Dimensions, third year; Quality Environmental Professionals, first year; Quandt Inc., third year; Service Design Associates Inc., fourth year; Smith, Scheitlin Communication, first year; Stratis Corp., first year Sun Development & Management, third year; Unique Windows & Door, third year; Vector Technologies, second year; Warner Spring Brake & Alignment, third year
Anderson:
Continental Design Company, second year
Avon:
Harlan Bakeries Inc./Bagel King, third year
Bloomfield:
KPT Tile Manufacturing, first year
Bloomington:
Employment Plus, first year; One World Enterprises Inc., fourth year; PC MAX, first year; Textillery Weavers, first year; Teletron Inc., second year; Yogi's Grill, first year.
Bristol:
Pinnacle Building Systems, first year
Camby:
XFMRS Inc., first year
Carmel:
AVANTEC, third year; Baker Hill, first year; Ball Systems Inc., first year; C/Soft Inc., fourth year; Carson Design Associates, first year; Imagine Products, first year; Solution Technology Inc., first year; Visual Computing Solutions Inc., first year.
Columbus:
CyberMetrix Corp., third year; Elwood Staffing Services Inc., second year; Makuta Technics Inc., first year
Danville:
T2 System Inc., first year
Edinburgh:
Midwest Tube Mills Inc., first year
Elkhart:
Recycling Works Inc., first year; Romaine Inc., fourth year
Elwood:
Terronics Development Corp., first year
Evansville:
Gemini Medical Inc., second year; Ohio Valley Plastics Inc., fourth year
Fishers:
Bangs Laboratories Inc., third year
Fort Wayne:
Adaptive Micro-Ware Inc., third year; The Mill Bread Co., first year; LaBov & Beyond Inc., third year
Garrett:
Auburn Clutch, first year
Goshen:
Marque Inc., third year
Greenwood:
Adminiserve, second year; ProTech, first year; Sterilization Cassette, first year
Jeffersonville:
Spencer Machine & Tool, second year
Laporte:
KISS Packaging Systems Inc.; fourth year
Madison:
River Valley Technologies Inc., second year
Mishawaka:
Daman Products Co. Inc., first year; Dearborn Crane & Engineering, first year
Noblesville:
Boice Manufacturing, fourth year; Eclipse Consulting Inc., first year
North Vernon:
Montrow Tool & Machine, first year
Peru:
Cole Brothers Corp., first year
Plainfield:
Jeco Plastics Products Inc., first year
Plymouth:
Communication Technology, second year
Seymour:
Hoosier On-Line Systems, first year
Shelbyville:
Old Hickory Furniture, second year
South Bend:
Press Ganey Associates, third year
Valparaiso:
INNOVA Consulting Professionals, second year
Vincennes:
Advanced Micro-Electronics, fourth year
West Lafayette:
SSCI Inc., Sarah Byrn, first year
(George Vlahakis, Office of Communications and Marketing, 812-855-0846 or 812-855-3911, gvlahaki@indiana.edu)