South Florida’s IQ Formulations Named to Inc. Magazine’s 5000 Fastest Growing Private U.S. Companies for Second Consecutive Year
Tamarac, FL (PRWEB) August 12, 2015 -- IQ Formulations, a top national health and nutritional supplement company based in South Florida, today was named one of the fastest growing private companies in the United States by Inc. Magazine, ranking at 572 nationally. Continuing its rapid expansion, IQ Formulations grew by more than 800 percent over the past three years and was named to the renowned Inc. 5000 list for the second consecutive year.
Headquartered in Tamarac, Florida, IQ Formulations grew its revenues of $1.2 million in 2011 to nearly $11 million in 2014. When the company was founded in 2010 it did just $150,000 in revenue before growing by an astounding 5,486% to achieve 2013 revenues of $8.3 million.
In addition to its exponential revenue growth over the recent years, the innovative company has created dozens of jobs in South Florida. It expects to continue adding to its workforce as demand for its top-quality products soars.
“It is a great honor for all of us here at IQ Formulations to be recognized by Inc. Magazine as one of the nation’s fastest growing privately held companies for the second year in a row,” said IQ Formulations CEO Jay Cohen. “This prestigious award and our incredible growth are true testaments to the fact that customers love our commitment to producing and delivering top-quality products that enhance and improve people’s lives.”
Born and raised in South Florida, IQ Formulations CEO Jay Cohen is deeply dedicated to the region and he strongly believes in giving back to the community. For years, IQ Formulations has made generous charitable contributions to a variety of local organizations and other national non-profits.
Cohen added: “I am extremely grateful to my family for being such a huge source of support for me on this journey. I would also like to thank everyone on the IQ Formulations team for the hard work, dedication and passion they bring to work every day, as well as our business partners and our customers. In the years to come I look forward to continuing our growth here in South Florida, developing additional products, elevating the standards in our industry and propelling IQ Formulations to new heights.”
IQ Formulations CEO Jay Cohen will be formally honored by Inc. Magazine in October at an awards ceremony in Orlando, Florida.
To learn more about IQ Formulations and its placement in the Inc. 5000, please visit: http://www.inc.com/profile/iq-formulations
About IQ Formulations
IQ Formulations is one of the most highly regarded and fastest growing health and nutritional supplement companies in the U.S. Founded by industry veteran and IQ Formulations CEO Jay Cohen, IQ Formulations is headquartered in Tamarac, Florida. The company has become an industry leader known for its uncompromising commitment to professional facilities, top-quality products with amazing results, and superior customer service. Learn more at iqformulations.com.
Pamela Armstrong, IQ Formulations, +1 (954) 379-2115 Ext: 403, [email protected]
Share this article