Kent, Wash. (PRWEB) October 24, 2008
OMAX® Corporation today announced its placement on the 2008 Inc. 5000 list. Regarded as the most comprehensive look at the entrepreneurial engine that drives the U.S. economy, the annual list recognizes and ranks the country's 5,000 fastest-growing private companies.
The Inc. 5000 is an expansion of the Inc. 500, a list introduced by the small business magazine in 1982. The list is ranked according to percentage revenue growth over a four-year period, and companies must be independent, privately held and based in the United States to qualify for selection.
OMAX boosted revenues from $25.3 million in 2004 to $62.7 million in 2007 for a 147% revenue growth and a place in the top 50% of companies on the list. The Seattle-based corporation also ranked in the top 35% of all manufacturing companies, who accounted for 8.1% of the total 5000. As the leading manufacturer of precision abrasive waterjet systems, OMAX revolutionized the waterjet industry in 1993 by being the first company to offer affordable, ultra-precise abrasive waterjet technology for the general manufacturing environment.
The 2008 Inc. 5000 companies reported aggregate revenue of $185 billion and median three-year growth of 147%. The companies have also been engines of job growth, creating more than 826,033 jobs since they were founded.
Headquartered in Kent, Washington, OMAX ® Corporation is the leading manufacturer of precision abrasive waterjet systems. Each OMAX JetMachining® system is powered by the company's innovative control software, bringing affordable abrasivejet technology to an expanding and diverse group of industries. For more information on OMAX products and accessories, contact Sandra McLain at 800.838.0343 or visit http://www.omax.com.