Fairfield, NJ (PRWEB) September 13, 2009
Tristar Products Inc. has been named to Inc. Magazine's third annual Inc. 500/5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs.
"On behalf of everyone at Tristar, I'm proud our company has received this prestigious distinction from Inc. Magazine," said Keith Mirchandani, founder, president and CEO of Tristar Products. "Since 1992, we've worked hard to serve customers, enabling Tristar to deliver a consistently strong sales performance and solid growth."
Among stars on the Inc. 5000 for 2009 are consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar and beverage maker Honest Tea are among the prominent brands featured on this year's list.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
In being named to the list, Tristar was cited for its 71.4% revenue growth from 2005 to 2008. Revenue totaled $181.1 million in 2008.
Tristar Products, Inc., the manufacturer and marketer of numerous consumer products including AbCoaster, AbRoller, Jack Lalanne Power Juicer, Healthmaster Blender, Banjo Minnow and countless others, has a presence in over 100 countries. The company has a well-earned reputation for integrity and product quality. Products range from home appliances, fitness equipment and sporting gear -- to health and beauty programs endorsed by such celebrities as Jack LaLanne, Montel Williams, Carol Alt, Denise Austin, Gilad Janklowicz, Brenda DyGraff, Tiki and Ronde Barber, and Bruce and Chris Jenner.
About the Inc. 5000 and Methodology
Since debuting in 1991 with 100 pf the fastest-growing private U.S. companies, then expanding the following year to the Inc. 500 and again in 2007 to the Inc. 5000, the list has served as evidence of the significant accomplishments of entrepreneurial companies. The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, 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, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
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