New Mexico Software Ranked Number 301 Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™
Company Attributes Success to Rapidly Expanding Telemedicine Business
ALBUQUERQUE, N.M. – October 19, 2011 -- New Mexico Software, Inc. (OTC Bulletin Board NMXC) today announced that it ranked number 301 on Deloitte’s Technology Fast 500™ ranking of the 500 fastest growing technology, media telecommunications, life sciences and clean technology companies in North America. Rankings are based on the percentage of fiscal year revenue growth during the period 2006–2010. New Mexico Software grew 282% during this period.
New Mexico Software CEO Dick Govatski said, “Our telemedicine business, which is gaining significant traction, has enabled us to once again be named to the Deloitte Technology Fast 500 list with an improvement in our ranking.”
“We are pleased to honor New Mexico Software as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, New Mexico Software has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
This is the second year that New Mexico Software has been listed as a Technology Fast 500™ award winner moving up to rank number 301 from 477 last year.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year (2006) operating revenues of at least $50,000 and current-year (2010) operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com
In September, New Mexico Software was named for the first time to “The 2011 Software 500” List in Software Magazine’s prestigious 29th annual ranking of the world’s largest software and service providers and was selected for the “2011 Best of Albuquerque Award” in the Computer Software category by the U.S. Commerce Association.
About New Mexico Software, Inc.
New Mexico Software, Inc. develops and provides medical IT services and solutions that enable improved and faster communication within the preventative, comprehensive and critical healthcare segments. Through its medical subsidiary, TeleRad, the company provides telemedicine services including radiology, cardiology and nuclear scans. For more information, visit www.nmxc.net or www.nmxs.com or contact Dick Govatski, president and CEO, at 505-255-1999 or email@example.com.
An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/profile/nmxc.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or firstname.lastname@example.org.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.