Actronix, Inc. Ranked 4051 in Inc. Magazine's Annual Inc. 5000 with Three-Year Sales Growth of 71.2 Percent Ranking comes five years after company turnaround from dire straights. Flippin, AR (PRWEB) August 20, 2008 Actronix, an American manufacturer of highly engineered cable assemblies, wire harnesses and high-level assemblies for industrial consumers based in Flippin, Ark., was ranked 4051 in Inc. Magazine's annual list of the 5000 fastest growing privately held companies in the U.S. The company boasts a three-year sales growth of 71.2 percent. Actronix is one of 13 Arkansas companies to make the list. Last year marked the debut of the Inc. 5000, an expanded version of the Inc. 500, which has been published every year since 1982. The list profiles the fastest growing private companies in the U.S., as determined by each company's percentage of revenue growth from 2004 to 2007. To qualify for the list, companies must have been founded by the first week of 2004 and demonstrate four full years of revenue. "Of course, any award or ranking like our inclusion in the Inc. 5000 is a tremendous accomplishment for Actronix," said Tim Grant, CEO and president. "However, making the Inc. 5000 marks a particularly momentous occasion, as five short years ago Actronix was cash poor and faced with potential failure. The fact that we've been able to rejuvenate this once-struggling company to be included in the Inc. Magazine's list of the 5000 fastest growing privately held companies is a source of extreme pride for all 300 members of the Actronix team." In 2003, Grant joined Actronix and was faced with determining future plans for the company, including potentially closing it. Instead, by utilizing visionary tactics, Grant and his team of seasoned industry professionals saved Actronix from demise, while sustaining jobs in the U.S., elevating quality standards and giving back to the local community. Actronix is now debt free, with cash in the bank and a substantial line of credit to support future growth - all factors that contributed to the company's inclusion in the Inc. 5000. According to Inc. Magazine, the companies included in the 2008 list comprised roughly $185 billion in revenue in 2007 with a median three-year growth of 147 percent. The companies have employed more than 826,033 people since their inception. Last year, 18 Arkansas companies from a variety of sectors including business services, transportation and logistics made the Inc. 5000 list. About Actronix, Inc.
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