Fort Worth, Texas, December 8, 2005--Vertical Computer Systems, Inc. (VCSY.PK) today announced that it ranked Number 56 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000-2004.
VCSY's CEO, Richard Wade, credits the purchase of Now Solutions, Inc. and the Company's continuing development of its proprietary technology. Mr. Wade said, "Vertical is honored to be on this prestigious list and hopes to continue this trend in the future."
"Making the Deloitte Technology Fast 500 is commendable in today's highly competitive technology industry," said Tony Kern, deputy national managing principal of Deloitte & Touche LLP's Technology, Media & Telecommunications Group. "We congratulate Vertical Computer Systems on becoming one of the 500 fastest growing technology companies in North America."
In addition to ranking on Deloitte's Technology Fast 500, VCSY ranked Number 7 on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas and Number 4 on the 2005 Tech Titans Fast 50, which ranks the 50 fastest growing tech companies in the Dallas-Fort Worth area.
The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Vertical Computer Systems, Inc. (VCSY) is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network. VCSY's main administrative software product is emPath®, which is developed and distributed by NOW Solutions, Inc., the Company's wholly-owned subsidiary. VCSY's primary Internet core technologies include SiteFlash, ResponseFlash, NewsFlash, and the Emily XML Scripting Language, which can be used to build web services. Information on Vertical and its products can be obtained on the World Wide Web at www.vcsy.com
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SOURCE: Vertical Computer Systems, Inc.