Inc. Magazine Unveils Exclusive List of America's Fastest-Growing Private Companies: The Inc. 5000

New York, NY - Aug 24, 2010 – For the 2^nd year in a row, Inc. magazine ranked FSI among the top 5000 fastest growing private companies in America in its exclusive annual Inc. 5000 list.  The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon, are among the prominent brands featured on this year’s list.

"The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe.  “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.” 

FSI, founded in 1996 by Ken Marbutt, has continued to grow and expand every year in its 14-year history.  "We are especially proud of this recognition for our growth in these current economic times" states Forrest Marbutt, FSI’s Vice President & General Manager.  "We stick with our core competencies of order fulfillment, kit packing, pick/pack/ship, online reporting solutions, and constant attention to internal process improvements, and our customers have rewarded us for this focus.  We're thankful that the strategy has been paying off these past 14 years."  Not only did FSI crack the top 5000 in the US, but upon further review of the rankings, FSI is within the top 200 fastest growing private companies in the state of Georgia and in the top 10 in the Logistics and Transportation category.

Methodology

The Inc. 5000 is ranked according to percentage revenue growth from 2006 through 2009. To qualify, companies must have been founded and generating revenue by the first week of 2006, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2009. Revenue in 2006 must have been at least $80,000, and revenue in 2009 must have been at least $2 million.   Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

About FSI

Founded in 1996, FSI delivers a winning combination of logistical fulfillment, inventory management, pick/pack/ship and custom kit packing assembly for major corporations and agencies. FSI distinguishes our fulfillment services by combining proven logistical fulfillment with advanced technology. The FSI reporting system delivers data on orders, projects and inventory via the web, 24/7 on a user-friendly dashboard.  We help make your job easy!  When You Need Experience, FSI Delivers.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.