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INC.
MAGAZINE NAMES INFOSTREET, ONE OF NATION'S 500
FASTEST GROWING COMPANIES
TARZANA,
Calif. - (October 10th, 2001) - InfoStreet, Inc., based
in Tarzana, California, has been named one of AmericaŐs entrepreneurial
growth leaders by Inc magazine, which today released its annual
ranking of the Inc 500, the nationŐs fastest-growing private companies.
Founded
in 1994, InfoStreet, Inc. achieved some 655% growth in the past
five years, with sales growing from $232,000 in 1996 to $1,752,000
in 2000.
"It
is magnificent to be included in Inc magazine's extremely prestigious
ranking," said Siamak Farah, founder and CEO of InfoStreet. "Magnificence
is never the work of one person, but a team. InfoStreet's inclusion
in the 2001 of Inc. 500 list shows the spectacular results that
may be achieved through focus and teamwork."
One
of the few profitable Internet companies in business, InfoStreet
is the developer of StreetSmart, a suite of web-based group productivity
applications.
StreetSmart,
a collection of applications (such as Calendar, Email, File Sharing,
Web Site, or Personal Portal) which can be offered individually
as value-added solutions, or as a complete Intranet, Extranet, or
Community solution.
Dubbed
"the Internet's Best Kept Secret" InfoStreet provides all of its
products and services as Private Labeled solutions. InfoStreet works
behind the scenes, while their clients offer robust services as
their own.
StreetSmart
3.0, InfoStreet's flagship product is designed for large groups.
The new version focuses heavily on ease of use for end users and
administrators, and is easily configured for all types ob businesses
and organizations. Easy administration benefits clients by reducing
costs and increasing profit margins. Today, clients can use InfoStreet's
web-based interface to configure and administer all aspects of the
offering, from look and feel, to access control and group calendaring.
Companies
who have turned to InfoStreet's brandable technology to rapidly
deploy Communities, Extranets, and Intranets include Telia Internet
Inc, FMiTV Networks, ESPN, Discovery Channel, and The American Society
of Clinical Oncology (ASCO).
About
Inc.
Founded in 1979, Boston-based Inc magazine was acquired last year
by G+J USA, one of America's largest magazine publishers and is
part of the company's newly-formed Business Innovator Group. G+J
USA also publishes Fast Company, Rosie, Child, Family Circle, Fitness,
Homestyle, Parents, and YM. The company is 25.1 percent owned by
the Jahr Group and 74.9 percent owned by Bertelsmann AG, the largest
privately held and the fifth largest media company in the world
with yearly revenues at $16 billion.
Contact:
Laurie Shishino
InfoStreet, Inc.
818-776-8080 ext. 201
laurie@infostreet.com
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