Connect with us

Hi, what are you looking for?

New Products

ReQuest Multimedia Ranked by Inc. 500 as–one of Americas Fastest-Growing Private Businesses

Ballston Spa, New York—-October 25, 2004–Inc. Magazine, the premier publication for small and medium-size businesses, has released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. ReQuest Multimedia, the acknowledged leader in hard-disk-based audio and video solutions, ranks No. #168 on the list, with four years’ annual sales growth of 203%.

“Making this prestigious list of the fastest-growing private companies of America is well- deserved recognition of the hard work, dedication, and entrepreneurial accomplishment of our team at ReQuest. I congratulate our founders, John Reine and Steve Vasquez, and all present and former associates of the company, whose collective efforts over the past four years made this achievement possible. We look forward to moving up the list in the years ahead,” says Joseph Gersuk, CEO of ReQuest Multimedia.

The companies that made the Inc. 500 list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.

Further demonstrating the resilience of this year’s Inc. 500 crop is the fact that 102 of this year’s honorees started in 1999–meaning that they weathered the start-up costs of the overcapitalized boom and thrived during the impending bust which was one of the toughest periods for young companies in recent memory.

The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this year’s Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies–Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appeared on the list before becoming industry powerhouses.

To be eligible for this year’s Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

Advertisement. Scroll to continue reading.

About Inc. Magazine
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation’s gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner+Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.

About ReQuest Multimedia
Headquartered in Ballston Spa, New York, ReQuest Multimedia’s home-entertainment control systems have set the standard for high-end digital media storage, management, playback, and integration since 1998. From award-winning music servers to the all-new video management systems, ReQuest Multimedia’s products are the accepted leaders in cutting-edge technology. For more information visit www.request.com.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Advertisement

New Products

Integrated Amps

Flagship integrated amp featuring Purifi Eigentakt Hybrid Digital amplifier technology, built-in BluOS multi-room streaming, 32-bit DAC, full MQA decoding, and Dirac Room Correction.

Klipsch

Versatile powered speakers loaded with features including HDMI-ARC which allows The Fives to replace a sound bar.

A/V Receivers

7.1-channel 8K A/V Receiver with 8K/60Hz pass-through, as well as elevated gaming with 4K/120Hz pass- through and support for the latest HDMI specifications. MSRP...

A/V Receivers

For 2020 Marantz is introducing SR5015, SR6015, SR7015, and SR8015 A/V receivers offering 8K video pass-thru/upscaling with audiophile-quality sound for home theater or music.

New Products

VIZIO just released their 2020-2021 TV lineup, which includes the company's first-ever OLED 4K TVs in conjunction with 19 LED-backlit 4K LCD TVs in...

Bowers & Wilkins

Bowers & Wilkins introduces Signature 705 ($3,999/pr) stand-mount and Signature 702 ($6,499/pr) floor standing loudspeakers with upgraded components and finishes.

You May Also Like

Integrated Amps

Flagship integrated amp featuring Purifi Eigentakt Hybrid Digital amplifier technology, built-in BluOS multi-room streaming, 32-bit DAC, full MQA decoding, and Dirac Room Correction.

Klipsch

Versatile powered speakers loaded with features including HDMI-ARC which allows The Fives to replace a sound bar.

A/V Receivers

7.1-channel 8K A/V Receiver with 8K/60Hz pass-through, as well as elevated gaming with 4K/120Hz pass- through and support for the latest HDMI specifications. MSRP...

Computers

Rock solid adjustable motorized standing desk that raises or lowers at the touch of a button. Budget priced at only $379.

Advertisement

ecoustics is the unbiased resource for the latest technology news, coolest gadgets, and best consumer electronics. Plus get product reviews, roundups and deals from all over the web on everything electronic. Read more



Copyright © 1999-2020 ecoustics | Disclaimer: ecoustics may earn a commission when you buy through links on our site.