Of course, any award or ranking like our inclusion in the Inc. 5000 is a tremendous accomplishment for Actronix
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.
Founded 30 years ago in Flippin, Ark., Actronix, Inc. is an American manufacturer of highly-engineered cable assemblies, wiring harnesses and high-level assemblies for industrial consumers. The company specializes in products for a variety of industries including medical, instrumentation, communications and security and defense. In addition to corporate offices and a manufacturing facility in Flippin, Actronix has a second facility in Newport, Ark. Through an innovative partnership with the Arkansas Department of Corrections, this facility is located on the grounds of McPherson Women's Unit. For more information regarding Actronix, Inc., visit http://www.actronixinc.com.
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Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars -- the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community--both a new class of Inc. 5000 honorees and the list's alumni--for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit http://www.Inc500Conference.com or call 877-211-0489.