San Clemente, CA (PRWEB) August 7, 2006
4 Star Electronics Inc announces that it has been honored in the June 2006 issue of Entrepreneur magazine as one of the top 100 fastest growing new entrepreneurial companies in America. Founded in 2001 by three family members with a small initial investment, 4 Star Electronics has grown into one of the nation’s leading independent electronic component distributors, grossing $7 million in sales in 2005 and claiming the 90th spot on Entrepreneur’s Hot 100 list.
Entrepreneur magazine is a national publication that highlights entrepreneurial business achievements and serves as a useful resource for business owners across the nation. Every year, Entrepreneur releases a Hot 100 list of the fastest growing small businesses in America. Compiled with assistance from PricewaterhouseCoopers, Entrepreneur’s Hot 100 list recognizes small businesses that have achieved remarkable sales growth in less than five years from their date of inception. To qualify for the list, the company must have been founded no later than 2001, the founder must have controlling interest in the company and be actively involved in the daily operations, overall sales for 2005 must exceed $1 million, and the company must have less than 1,000 employees. This year, total combined sales of the Hot 100 companies for 2006 reached a record-breaking $1.7 billion with the business services industry dominating the list with 33 companies.
For the fourth year in a row, 4 Star Electronics has earned the distinguished honor of being named one of the top 100 fastest growing small businesses in America, coming in at number 90 for 2006. Duane Wilson, Josh Wilson, and Jake Wilson founded 4 Star Electronics, Inc. in 2001 with 3 employees and an initial investment of $200,000. With more than 30 years of experience in the electronic distribution industry and a vast network of reliable domestic and international electronic component suppliers, 4 Star Electronics quickly established itself as the premier distributor of allocated, hard-to-find, and obsolete electronic components for the space, aviation, military, defense, industrial, commercial, and consumer electronics industries. Today, 4 Star Electronics boasts 18 employees and $7 million in annual sales.
About 4 Star Electronics
As the leading independent electronics distributor of obsolete, hard-to-find, and allocated electronic components, 4 Star Electronics always strives to provide its customers with the best service and lowest prices in the industry. By maintaining an extensive network of domestic and international suppliers, OEM inventories, and an on-site warehouse fully stocked with millions of parts, 4 Star Electronics has the resources and expertise to locate and ship any electronic component to any location in the world. 4 Star Electronics also offers an excess inventory buy-back or consignment program for companies looking to liquidate surplus inventory from overstock or previous jobs.