GSI Commerce Named Among Deloitte’s 500 Fastest Growing Technology Companies in North America for Fourth Consecutive Year
KING OF PRUSSIA, Pa., Nov 6, 2007 – For the fourth consecutive year, leading e-commerce solutions provider GSI Commerce Inc. (Nasdaq: GSIC), was named among the fastest growing technology companies in North America and among the fastest 50 growth companies in the Greater Philadelphia region in Deloitte & Touche’s annual Technology Fast 500/50 competition. The rankings include the fastest growing technology, media, telecommunications and life sciences companies across North America based on percentage of fiscal year revenue growth over five years.
“It is quite an achievement to be recognized among the fastest growing technology companies in North America for four consecutive years,” said Michael G. Rubin, chairman, president and CEO of GSI Commerce. “We are again proud to receive this honor from Deloitte as it recognizes the success we continue to achieve in growing this business at a very fast pace.”
During the last five years, GSI has grown its net revenues 253 percent from $172.6 million in fiscal year 2002 to $609.5 million in fiscal year 2006. The company’s 12-month trailing net revenues are $672 million for the period ending Sept. 29, 2007.
“Sustaining high revenue growth over five years is an exceptional accomplishment. We commend GSI Commerce for making the commitment to technology and delivering on the promise of market longevity. We are proud to name GSI to Deloitte’s Technology Fast 50,” said Michael J. Purcell, greater Philadelphia marketplace technology, media and telecommunications leader for Deloitte & Touche LLP.
About GSI Commerce
GSI Commerce® is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of four components: technology, customer care, fulfillment and marketing services. We provide e-commerce solutions for approximately 80 partners.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “opportunity,” “continue,” “project,” “forecast,” “confident,” “prospects,” “schedule” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce’s business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment, extension or termination of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. More information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
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Contact:
GSI Commerce, Inc.
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